A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has officially declared to run for the president […]
Chinese President Xi Jinping is set to rule his country for life
Chinese President Xi Jinping is already one of the most powerful leaders in his country’s history. Now he’s poised to […]
Oil-Rich Nigeria Fuel Scarcity Weighs on Buhari’s Popularity
Lines of cars and trucks snaking around blocks in the center of the Nigerian capital, Abuja, highlight the state’s failure […]
Comcast challenges Murdoch with $31 billion offer to buy Sky
Comcast Corp, the biggest cable operator in the United States, offered on Tuesday to pay $31 billion to buy Sky, […]
Weinstein Co. to File for Bankruptcy After Deal Collapses
The Weinstein Co. is set to turn to bankruptcy to try and save its entertainment assets from the financial problems […]
Latvia Scandal Places ECB Role as Bank Supervisor Under Scrutiny
U.S. claims that a Latvian bank laundered money and violated sanctions on North Korea led to the lender’s demise in […]
Commonwealth: Nigeria Could Be A Key Brexit Ally
Britain voted to exit the European Union in 2017, a decision that has now famously been termed “Brexit.” In recent […]
China’s Huawei Set To Lead Global Charge To 5G Networks
China’s Huawei is forging closer commercial ties with big telecom operators across Europe and Asia, putting the company in prime […]
How General Electric Gambled On Fossil Fuel Power
Last March, executives at General Electric Co’s power-plant business gave Wall Street a surprisingly bullish forecast for the year. Despite […]
Burkina Faso Seeks New Partner for $1 Billion Manganese Project
Burkina Faso is looking for a new partner to mine the world’s largest manganese deposit after rights disputes thwarted two […]
Nigeria Takes Steps to Avoid Repeat of Etisalat Collapse
Nigeria’s telecommunications regulator said tougher financial-health checks on the country’s biggest mobile-phone companies could prevent a repeat of last year’s […]
Noble, Delek Sign $15 Billion Deal to Export Israel Gas to Egypt
A $15 billion deal to export Israeli gas to Egypt is moving forward after months of talks, bringing the Jewish […]
Nigeria Sells $2.5 Billion Eurobonds to Replace Naira Debt
Nigeria sold $2.5 billion of Eurobonds on Thursday as it sought to lower funding costs by using the notes to […]
The $1.8 Billion Indian Bank Fraud that Went Unnoticed
The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and […]
South Korea’s Moon Bemoans GM Plant Closure
South Korean President Moon Jae-in said on Monday General Motors Co’s (GM) (GM.N) decision to shut down a factory south […]
Asia’s Biggest Private Equity Acquirer Is Seeking $6 Billion
Hillhouse Capital Management, the Chinese investment firm that last year helped lead Asia’s biggest-ever buyout deal, is targeting to raise […]
Warren Buffett’s Bumpy Ride With IBM Draws to a Close
Warren Buffett is just about done with International Business Machines Corp. His conglomerate, Berkshire Hathaway Inc., reported that it cut […]
Britain To Add Nigeria’s Naira To List Of Accepted Trade Currencies
The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of […]
IBM lawsuit casts diversity in starkly competitive terms
International Business Machines Corp’s (IBM) insistence in a new lawsuit that its efforts to recruit and maintain a diverse workforce […]
Ethiopian Geothermal Is Private Equity’s Next $4-Billion Bet
U.S. private equity and hedge funds are backing an effort by Ethiopia to turn itself into an exporter of electricity […]