Cargoes of West African crude oil sailing east are on track to fall in August on fierce competition, shaky demand and disruptions in Nigerian loadings that...
The federal government Wednesday announced that it had lost about $1 trillion to tax evasion and avoidance by multinational companies. The Minister of Information and Culture,...
Chevron and Eni, two of the global oil majors operating in Nigeria, and their local counterparts such as Seplat and Oando may have been worst hit...
First City Monument Bank Limited and Diamond Bank Plc are planning to raise fresh capital to boost their capital ratios. While the FCMB is targetting N10bn...
The US services PMI for the month of July declined from 55.5 from 56.5 in the preceding month, the Institute of Supply Management (ISM) reported on...
Goldman Sachs Group Inc. agreed to pay $36.3 million over allegations that former employees obtained confidential documents from the Federal Reserve in a settlement that requires...
The U.S. private payrolls rose more than expected in July, indicating solid labor market, even as job creation is moderating. Businesses across the country added 179,000...
The Australian dollar has gained 158 pips against the US dollar since the Reserve Bank of Australia cut rates by 25 basis points on Tuesday. Even...
The U.K services PMI fell in July, plunging both services output and new business at fastest rates since March 2009, according to Markit Economics. Services Purchasing...
The loonie has failed twice since June 28 to break 1.2849 support level after Canadian economic data showed that the weak manufacturing sector is hindering economic...