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 …