Business

The Naira on Thursday was sold at N400 to a dollar at the parallel Market, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained N10 to close at …

The European Central Bank has had many inquiries from British-based banks wanting to come under its watch Banks in London that relocate operations to the euro zone after Brexit are …

REUTERS photo Egypt has received its first two oil shipments from Saudi giant Aramco after deliveries were suspended for several months over political differences, an oil ministry spokesman said on …

The Nigerian National Petroleum Corporation (NNPC) will generate about 4, 000 megawatts (Mw) of electricity over the next 10 years to boost power supply in the country. Its Corporation’s Chief …

AFP photo German airline group Lufthansa said on March 16 it had met its financial targets in 2016, but offered only modest forecasts for the current year, squeezed between falling …

TAV Airports has won the operation rights of Yanbu Prince Abdul Mohsin bin Abdulaziz International Airport in Saudi Arabia for a period of 30 years, the company said in a …

Britain’s exit from the European Union will not affect London’s leading role in global finance but is instead likely to create a great opportunity for the City of London to …

Nigerian banks have opposed a proposal by Etisalat Nigeria to convert part of a $1.2 billion loan from dollars into naira and want Abu Dhabi telecoms group Etisalat and its …

REUTERS photo China’s foreign exchange reserves unexpectedly increased by $6.9 billion in February, officials said on March 7, as pressure on its currency the yuan apparently eased.     The …

Africa’s biggest mobile phone operator MTN Group said on Tuesday that Mteto Nyati, the chief executive of its South African unit, will be resigning on March and will be replaced …