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Diamond Bank Plc announces merger with Access Bank
The Board of Diamond Bank Plc on Monday finally announced its merger with Access Bank Plc.The merger is expected to be completed in the first half of 2019.The News Agency of Nigeria reports that both…
Crude oil prices up by 5 percent as OPEC draws closer to cutting production
Crude oil prices on Friday went up by 5 percent, as more Middle Eastern producers agree with OPEC's decision to cut oil production inorder to drain global fuel inventories and support the market.Bren…
OPEC's proposed cut in oil production hangs in the balance with Russia yet to commit
Organization of the Petroleum Exporting Countries' (OPEC) decision on whether to cut oil output is facing doubts as Russia has faild to reacg an agreement with the group.Saudi Arabia's energy ministe…
Carlos Ghosn ousted as Nissan's chairman by board members
Nissan board members voted unanimously to sack Carlos Ghosn as chairman on Thursday, a spectacular fall from grace for the once-revered boss whose arrest for financial misconduct stunned the car indu…
Ryanair aircraft seized by French Civil Aviation Authorities on tarmac
French civil aviation authorities have announced the seizure of an aircraft belonging to the low-cost Irish airline, Ryanair, in a bid to force the airline to repay subsidies it received from French …
United States becomes the world's largest crude oil exporter
The United States of America has overtaken Russia and Saudi Arabia to become the world's biggest exporter of crude with 11.6 million barrel per day (bpd), according to data released by the Energy Inf…
Eight countries countries granted sanctions waivers to purchase Iranian crude oil
The U.S. government has agreed to let eight countries, including close allies South Korea and Japan, as well as India, keep buying Iranian oil after it reimposes sanctions on Tehran from next week, B…
Saudi crown prince attends investment forum amid 'crisis'
Saudi Arabia's powerful crown prince on Tuesday attended a glitzy investment forum boycotted by a host of global business leaders, as the petro-state admitted it is facing a "crisis" after the murder…
One million cars recalled by BMW over exhaust system fire risk
German high-end carmaker BMW said on Tuesday it would recall more than one million additional diesel cars, citing a problem with the exhaust system that "in extreme cases can cause a fire"."In some d…
Brazil to inject $1.1b into Nigeria's agriculture sector
The Brazilian Ambassador to Nigeria, Ricardo Guerra de Araujo, says Brazil will soon inject 1.1 billion dollars into Nigeria's agriculture.The envoy said on Thursday night in an interview with …
CBN's Emefiele and MTN meet with banks over $8.1 billion repatriation row
Nigeria's central bank governor is to meet representatives of telecommunications company MTN and banks on Tuesday to discuss a dispute over the repatriation of $8.1 billion, two sources with direct k…
Trudeau dismisses Trump's NAFTA attack, says Canadians are tough
Canada's Prime Minister Justin Trudeau on Thursday dismissed U.S. President Donald Trump's criticism of the slow pace of talks to modernize the North American Free Trade Agreement, saying Canadians w…
China not afraid of extreme measures in trade dispute with the US
China is not afraid of "extreme-measures" the United States is taking in their trade war and will use it as an opportunity to replace imports, promote localisation and development of high-tech-produc…
China retaliates against Trump by slapping $60billion tariffs on US goods
China has dramatically escalated its trade war with Donald Trump by slapping $60billion of tariffs on US-made goods. The world's second largest economy unveiled the new levies Tuesday, and say they w…
China vows retaliation if new tariffs are imposed by the US
China has promised to retaliate if US President Donald Trump goes ahead and slaps tariffs on 200 billion dollars' worth of Chinese imports.Beijing "will have to take necessary counter-measures," a Ch…
Time Magazine sold for $190m
US media giant, Meredith Corporation, has agreed to sell Time Magazine for $190 million, according to a report in The Wall Street Journal.Marc Benioff, co-founder of the cloud computing c…
Production of Volkswagen's iconic 'Beetle' cars to end in 2019
Volkswagen announced on Thursday it would end production of its iconic "Beetle" cars in 2019 after adding a pair of final editions of the bug-shaped vehicles.The curvy-topped sedans, which shook off …
Ryanair pilots, cabin crew in Germany stage strike
Pilots and cabin crew at Ryanair in Germany staged a full-day walkout on Wednesday and threatened further strikes to put pressure on management in labor talks with Europe's biggest low-cost carrier.R…
Alibaba's co-founder Jack Ma set to quit e-commerce firm
Jack Ma, the co-founder of China's largest e-commerce firm Alibaba Group Holding Ltd, will step down as chairman in exactly one year on Sept. 10, 2019, he said in an open letter to the company.In the…
