Business News

Amazon billionaire Jeff Bezos caused a stir when he recently swanned into Chelsea’s Walker Tower surrounded by security. Residents gossiped that the richest person in the world was apartment shopping at the...

World Bank loan portfolio in Nigeria now stands at $8.67bn, an investigation has shown. Loans from the International Development Association, one of the three arms of the World Bank, make...

  Trading on the Nigerian Stock Exchange (NSE) resumed after the Easter holidays on Tuesday with a loss of 0.03 percent. Specifically, the All-Share Index shed 10.31 points or 0.03...

Olam International Limited, a Singaporean agro-allied company, on Tuesday offered to acquire Dangote Flour Mill (DFM) Plc in a bid worth N130 billion. Dangote Flour Mills, in a notice to...

The Organisation of the Petroleum Exporting Countries (OPEC), is upbeat at the prospect of the Dangote Oil Refinery, in driving world crude oil refining capacity increase especially in Africa by...

The National Production Monitoring System recently deployed by the Department of Petroleum Resources as an accounting solution for crude oil and gas is expected to engender transparency, curb crude oil...

World oil prices jumped to near six-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher and boosting currencies of several major...

After hearing Microsoft Corp. co-founder Bill Gates give a speech about the internet three decades ago, Eric Yuan decided he wanted to become part of the Silicon Valley dot-com boom....

Brent oil slipped to around 71 dollars a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with OPEC-led supply cuts. Analysts...

The International Monetary Funds (IMF) has asked the Nigerian Government to consider the complete removal of fuel subsidy. IMF Managing Director, Christine Lagarde, who said this at a press conference...