Author: businessTimes
Oil slipped to about 60 dollars a barrel on Wednesday, pressured by rising U.S. inventories and doubts over whether an OPEC-led output cut will be agreed next week. U.S. crude stockpiles rose last week, the ...
Sterling climbed off two-week lows on Wednesday, helped by comments from opposition Labour finance spokesman John McDonnell that he could accept a second Brexit referendum to head off the risk of crashing out of the ...
Saudi Arabia and Nigeria government have met to strategise ahead of the Organisation of Petroleum Exporting Countries (OPEC) meeting in Vienna, in December. Dr Ibe Kachikwu, Minister of State for Petroleum Resources, disclosed this while ...
A South African state-owned pension fund has raised its stake in mobile phone operator MTN Group to 23.6 per cent, regulatory filings showed on Wednesday. This is a bet on the company in the middle ...
Kenya’s foreign exchange rate reflects its true fundamental value and the bank does not seek to control the rate, the central bank governor Patrick Njoroge said on Wednesday. He was responding to recent criticism from ...
Mr Edet Akpan, the Permanent Secretary, Federal Ministry of Industry, Trade and Investment, says Bank of Industry (BOI) has disbursed N277.89 billion to 219,515 enterprises across the country since the inception of the present administration. ...
Central African Republic(CAR) landed a windfall on Tuesday, at least on paper, when Russian state bank VTB reported it had lent the country 12 billion dollars. However, the bank then said it was a clerical ...
Strengthening mechanism for increased internal revenue generation(IGR) is critical to the expected increased revenue in the non-oil sector, Yue Man Lee, World Bank Senior Economist, has said. Lee said this on Tuesday in a paper ...
Huge losses posted by some blue chips on the Nigerian Stock Exchange (NSE) on Tuesday took a toll on its overall performance with market capitalisation slipping further by N149 billion. The capitalisation shed N149 billion ...
An expert on energy sources, Mr Yemi Kolawole, on Tuesday, urged the Federal Government to invest more in alternative energy in order to bridge the gaps in the power sector. Kolawole, the Chief Executive Officer ...
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