Business

Samsung profits fall 37 percent in Q4

Samsung Electronics on Thursday flagged a further on-year plunge in profits for the fourth quarter,…

Leave coal, oil in ground to curb global warming: study

by Mariette LE ROUX/AFP The Middle East must leave 40 percent of its oil reserves…

China to pump $20 bn into Venezuela: Maduro

China has agreed to pump more than $20 billion in investments into economically struggling Venezuela,…

Government set to demolish houses on NNPC right-of-way

The Federal Government has warned those who encroached on the Nigerian National Petroleum Corporation's (NNPC)…

Brent oil drops under $50, Nigeria faces financial turmoil

For the first time, since oil prices began their downward spiral into the valley, the…

Petrol price should be N80 now: Report

Nigerians are paying N17 extra on petrol per litre, with crude oil selling below $52…

Shell agrees to pay £55m compensation to Nigerian community

Six years after two oil spills destroyed thousands of livelihoods in the Bodo area, of…

Insight: Oil price fall pushes industry into recession

*Service companies like Halliburton, Schlumberger hit * Steel companies to be affected too *Investments to…

Chinese developer buys Canadian ghost town

A ghost town in Canada's westernmost wilds has been sold to a Chinese real estate…

Weak global economy cause of oil 'tensions': Saudi crown prince

A weak global economy is the main reason for "tensions" in world oil markets, Saudi…