Chinese President Xi Jinping has said that China would no longer fund the construction of new coal-fired power projects overseas, surprising the world on climate for the second straight year

China Evergrande Group’s main unit said on Wednesday it negotiated a deal with bondholders to settle interest payments on a domestic bond, which helped calm fears of an imminent default

Battery power may be the frontrunner to become the car technology of the future, but don’t rule out the underdog hydrogen. That’s the view of some major automakers, including BMW

Barely two months after raising dividends by almost 40 percent and starting a $2 billion share buyback, Shell has again pledged to give its shareholders and investors an unexpected $7

Former oil merchant, Jonathan Zarembok, has alleged that he was fired by BP Plc because he voiced concerns about bribes being paid in Nigeria to secure local contracts, according to

To create a seamless payment ecosystem for Nigerians, Flutterwave, Africa’s leading payments technology company, has partnered with 9 Payment Service Bank (9PSB) a Nigerian leading digital bank. According to a

Shares of Evergrande on Monday plunged to over 11-year lows, extending losses as executives try to salvage its business prospects and as default fears grow over a looming deadline for

The Executive Board of Deutsche Lufthansa AG today, with the approval of the Company’s Supervisory Board, resolved to utilize the Authorized Capital C for a capital increase with subscription rights

The World Bank Group, the African Development Bank (AfDB) and The Global Forum a leading multilateral body mandated on Transparency and Exchange of Information for Tax Purposes (Global Forum), have

Nigeria’s presidency on Saturday confirmed the 15 major projects spread across the country’s six geo-political zones to be financed with the proposed $4 billion loan to be sourced from multilateral

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Friday vowed to send the Economic and Finance Crimes Commission (EFCC) and other security agencies after Nigerians

The Central Bank of Nigeria’s Monetary Policy Committee (CBN’s MPC) has agreed to retain its key lending rate at 11.5 per cent, while keeping all other monetary parameters unchanged. The

As part of the US banks expansion into the UK retail banking and investment market, JPMorgan American multinational investment bank has agreed to buy UK digital wealth manager Nutmeg. The

Three years after it issued a debt instrument in the International Capital Market (ICM) with a $2.5 billion aggregate Eurobonds under its Global Medium Term Note Programme, Nigeria has announced

The current challenge of dollar-crunch in Nigeria may hinder plans by Royal Dutch Shell to sell off its onshore and shallow water assets, being managed by its Nigerian unit, the

Nigeria’s current public debt stock is unsustainable even though the country’s debt-to-Gross Domestic Product (GDP) ratio at 35 per cent seems comfortable, Chairman of President Muhammadu Buhari’s Economic Advisory Council

SpaceX’s first private flight streaked into orbit Wednesday night with two contest winners, a health care worker and their rich sponsor, the most ambitious leap yet in space tourism. It

Lagos State Governor, Babajide Sanwo-Olu has signed a memorandum of understanding (MoU) with FMDQ Group and Financial Sector Deepening (FSD) Africa, on the proposed N25 billion (over $60 million) green

The Rivers State government on Tuesday asked the Supreme Court of Nigeria to quash the ruling of the Court of Appeal, Abuja Division, which ordered parties to maintain Status Quo