Business & Economy

BHP Billiton (BLT-GB), the world’s largest mining firm by market value, reported a record $6.4 billion annual loss on Tuesday, hammered by a bad bet on shale, a dam disaster…

Banks have begun intensive scramble for Bureaux De Change (BDCs) accounts after their efforts to stop the operators from accessing the Diaspora-related foreign exchange (Forex) failed at the weekend, it…

The Nigerian Communications Commission (NCC) has empowered subscribers to choose the text messages they receive from telcos through its directive on Do Not Disturb (DND) code. Its Deputy Director, Consumers…

The Federal Government hopes to generate a total of N20billion from the e-commerce subsector annually. Making this disclosure at the weekend was Mr. Segun Ebozoje, Chief Executive, Gention Global Resources…

AFP photo First it was falling oil prices that plagued Nigeria, then came inflation, power shortages, and a humanitarian crisis in the north. “Suddenly, we’re a poor country,” Nigerian President…

Not less than four commercial banks yesterday disbursed the first batch of Diaspora inflow-related foreign exchange (forex) to over 350 bureaux de change (BDCs), it was learnt. First Bank, United…

Britain’s Chancellor of the Exchequer Philip Hammond arrives for a meeting of the ”Cabinet Committee on Economy and Industrial Strategy” at Number 10 Downing Street in London, Britain August 2,…

REUTERS photo Eurozone second quarter growth slowed sharply, official data confirmed on Aug. 12, weighed down by Brexit concerns and a poor performance in struggling France and Italy. Growth in…

Banks are introducing stringent rules to ensure that Bureaux De Change (BDCs) do not access the Diaspora funds-related foreign exchange (forex) being canvassed by the Central Bank of Nigeria (CBN),…

A truck transports containers at a port in Qingdao, eastern China’s Shandong province on August 8, 2016. AFP photo China’s imports and exports both slumped in July, with its purchases…