US oil majors Chevron Corp and Exxon Mobil cut spending aggressively in the third quarter in a race to offset weak trends in fuel demand caused by the COVID-19 pandemic,

German Economy Minister Peter Altmaier was optimistic on Friday after figures showed the German economy bounced back strongly in the third quarter compared to the previous three months, when the

The price of Brent, the benchmark for Nigeria’s crude oil, fell below $40 per barrel to a four-month low of $37 on Thursday, raising fresh fears of another price collapse

South Africa’s MTN said on Friday it had now exited its 18.9% stake in the continent’s online retailer Jumia, making R2.3 billion ($142.31 million) in net proceeds. MTN said in

Business is booming for America’s tech giants. Amazon, Facebook, Apple and Google reported sales and profits figures on Thursday covering the three months to September 30 – and there was

The European Central Bank pledged to “recalibrate” its monetary policy by the end of the year, but left the door open to an emergency consultation of its rate-setting body should

Bank of Japan Governor Haruhiko Kuroda expressed optimism Thursday about the country’s economic recovery amid the coronavirus pandemic. “Economic activity has resumed, and the economy has recently been less effected

As the coronavirus pandemic rages on around the world, one of the worst hit industries has been the travel sector. Airports have particularly felt the effects of continued restrictions and

Telecommunications giant MTN Nigeria said its net profit dropped from N149.22bn (about $392.12 million) to N144.23bn (about $378 million) in the first nine months of this year due to a

Microsoft’s cloud computing business slightly re-accelerated and its Teams messaging and collaboration software won new users, as a pandemic-driven shift to working from home and online learning drove quarterly results

Coronation Insurance formerly known as Wapic Insurance has reassured clients of a speedy compensation following their several losses to businesses and assets occasioned by the large scale violence that followed

Moniepoint, the mobile money platform launched last year by Nigerian fintech startup TeamApt, has become the largest non-bank mobile money service in the country, processing 13 million transactions monthly. Launched

MTN Group has appointed Mr. Karl Toriola, a Nigerian from Osun State, as MTN Nigeria Chief Executive Officer (CEO) designate, with effect from March 1, 2021. Announcing the appointment on Monday, MTN

China’s government said Monday it will impose sanctions on US military contractors including Boeing Co. and Lockheed Martin Corp. for supplying weapons to rival Taiwan, stepping up a feud with

Ant Group Co Ltd 688688.SS on Monday set terms for its dual-listing where the Chinese financial technology giant aims to raise up to $34.4 billion in the world’s largest market

  Nigerian Banks have begun taking stock of their losses to the civil unrest in some parts of the country in the wake of the shooting of protesters at Lekki,

Coca-Cola European Partners Plc has agreed to buy Australian bottler Coca-Cola Amatil Ltd., creating a global producer of packaged beverages to better withstand a slowdown in the industry and the

German Multinational Software Corporation SAP, cut its guidance for 2020 and for the medium term on Sunday, saying the re-imposition of coronavirus lockdowns had hit its business while hard-hit industries

Facebook Inc may face US anti-trust charges as soon as November, the Washington Post reported on Friday, citing four people familiar with the matter. The Federal Trade Commission met privately

One of Africa’s largest banks has announced a N50 billion (About $!30 million) support in form of interest-free loans and grants to small and medium-sized enterprises (SMEs) to support the