9 banks banned from further forex transactions

Nine of the deposit money banks in the country have been banned from further foreign exchange transactions for their refusal to remit outstanding $2.334 billion Nigerian National Petroleum Corporation (NNPC) funds in their coffers. The […]

Oil prices fall on tuesday and extends losses

Oil prices fell on Tuesday, extending the previous session’s sharp losses caused by prospects of another increase in supplies. Around 1200 GMT, Brent North Sea crude for delivery in October had lost 36 cents to […]

Trump Companies Owe $650 Million: NY Times

Companies belonging to Donald Trump have at least $650 million in debt, more than twice the amount shown in public filings made by his presidential campaign, the New York Times reported Saturday. The paper employed […]

Zuckerberg Sells $95 M FB Stock

Facebook CEO Mark Zuckerberg has sold a very small portion of his Facebook stock. Mark sold 768,000 shares which was worth more than $95 million this month. The sale was made in accordance with Mark’s […]

The China-funded Mombasa-Nairobi railway

The China-funded Mombasa-Nairobi railway in Kenya has won acclaims from African diplomats, who hailed it as an embodiment of thriving China-Africa ties. Thirteen African countries’ diplomats in Kenya, including ambassadors or high commissioners of Zimbabwe, […]

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