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Business

Dec 03, 2018
Data from the US Energy Information Administration has shown that imports of crude oil by the United States from Nigeria has reached an all time low.   This is believed…
Dec 04, 2018
The Shell Petroleum Development Company of Nigeria Limited at the weekend in Abuja signed an agreement with Geometric Power Aba Limited to support the 140-megawatts Aba Integrated Power Project (IPP)…
Dec 03, 2018
U.S. Trade Representative Robert Lighthizer will lead negotiations with China over tariffs, market access and structural changes to intellectual property practices over the next 90 days, the White House has…
Nigeria’s inflation rate is expected to rise to about 11.4 per cent for the rest of this year till mid-2019, the Central Bank of Nigeria has said. The CBN Governor,…
Nov 30, 2018
Oil marketer Libya Oil Kenya Limited (LOKL), which operates under the trade name OiLibya has rebranded to Ola Energy.   The oil marketer said its new brand will be effected…
Nov 30, 2018
In its determination to ensure all the refineries belonging to the Nigeria National Petroleum Corporation (NNPC) begin to perform at full capacity, the Federal Government, Wednesday, said that it would…
Nov 30, 2018
Trump is about to embark on a trip that could end the trade battle with China — or send the US into an economic Cold War.   The future of…
Nov 30, 2018
Nigeria has lost its most valued crude oil buyers, even as its erstwhile gas customers are now competing with it, the Department of Petroleum Resources said on Monday.   The…
Nov 29, 2018
Uber South Africa - which controls 71% of the e-hailing market in South Africa - is considering introducing emergency buttons in cars.     This as Uber drivers face continued intimidation…
Strengthening mechanism for increased internal revenue generation is critical to the expected increased revenue in the non-oil sector, Yue Man Lee, World Bank Senior Economist, has said.   Lee said…
Nov 28, 2018
The Presidency has vowed to recover the $7 billion cash bailout given to commercial banks in the country in 2006 by the Central Bank of Nigeria, CBN.   This was…
Nov 28, 2018
Local licence holder for Starbucks in South Africa, Taste Holdings, has halted any plans to open more outlets of the US coffee chain as it struggles to make ends meet.…
Nov 27, 2018
President Donald Trump seemed ready to escalate the trade war with China in an interview with The Wall Street Journal on Monday.   Trump said it was "highly unlikely" that…
Nov 27, 2018
Bitcoin slid another 4.5% to R52 000 at midnight on Sunday in New York, according to Bitstamp. It recouped most of the losses by 7.50am but remains in the red.…
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