Business

Oil market collapses under $50

Global oil prices on Monday collapsed under $50 for the first time in more than…

Nigerian stocks lose N240bn on first day of trading

*Nestle, dangote, Seplat lose, while Unilever, Total, Oando gain Equity transactions on the Nigerian Stock…

Hedge Fund founder shot dead in New York

A hedge fund founder was found fatally shot in his plush Manhattan apartment Sunday and…

China abolishes price control for tobacco

China has abolished price controls on tobacco leaf, the last agricultural product to have limits,…

Oil prices $10 less than Nigeria's benchmark, the bears return in Asia

Nigeria will need to review its budget estimate yet again for this year, as oil…

Venezuela seeks China's financial aid, Maduro begins visit

President Nicolas Maduro of the oil producing Venezuela, begins a trip to China and OPEC…

France buries Hollande's super tax

Once a flagship policy of French President Francois Hollande, the 75-percent "supertax" on top earners…

Dubai passes first deficit-free budget since meltdown

Dubai announced Saturday adoption of a balanced budget for 2015, the first time there has…

Saudi tycoon prince attacks Kingdom's fiscal deficit policy

Billionaire Prince Alwaleed bin Talal has lashed out at the Saudi fiscal policy after projecting…