BUSINESS

British energy giant BP on Monday announced plans to axe “close to 10,000 jobs”, or almost 15 percent of its global workforce, after the coronavirus pandemic slashed demand for oil.

The Organisation of Petroleum Exporting Countries and its allies have agreed to extend their record output cuts by one month.

The Central Bank of Nigeria (CBN) has in a bid to enhance service quality, directed all banks to resolve all outstanding issues relating to failed Automated Teller Machine, Point of Sale terminal and…

The government of Cyprus has said it will cover the vacation costs of any tourists who contract the coronavirus while holidaying in the country. 

Retail marketers of petrol are currently raking in billions of naira as findings on Wednesday showed that they would make over N8.3bn profit in May (this month) due to the recent reduction in the…

The President of the African Development Bank (AfDB), Akinwumi Adesina on Wednesday, said despite accusations of corruption levelled against him, he will continue working.

Struggling New Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1.00 (US$0.61), the group's Australian owners Nine Entertainment announced Monday.

The Association of Bureaux De Change Operators of Nigeria has warned its members and forex speculators putting pressure on the naira to stop the practice or risk losing their money.

Federal Airports Authority of Nigeria, FAAN has informed the agency staff that it will  only be able to pay half salary for the month of  May due to paucity of funds. It however added that the balance…

Republic of Madagascar has demanded the sum of 170,000 Euros from the Federal Government for the quantity of its COVID-19 cure drugs sent to Nigeria.