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By Oyintari Ben As a result of Saudi Arabia's commitment to reduce production by an additional one million barrels per day (bpd) beginning in July, in order to counteract macroeconomic headwinds that have depressed markets, oil...

By Enyichukwu Enemanna Authorities in Zimbabwe have placed an immediate ban on the importation, distribution, and sale of American multinational company Johnson & Johnson's baby powder, citing health concerns. A letter from Ministry of Health and...

Allegations of unfair and ethnically slanted appointments have been leveled against the Management of Nigerian Maritime Administration and Safety Agency (NIMASA) headed by the Director General, Bashir Jamoh. Jamoh has been accused of nepotic favoritism against...

By John Ikani The National Union of Electricity Employees (NUEE) has issued a nationwide directive for its members to withdraw their services in response to the abrupt removal of fuel subsidies by the Nigerian government. The...

By John Ikani UBS, the Swiss banking giant, and crisis-hit domestic rival Credit Suisse announced on Monday that they expect to finalize their merger by June 12. The date comes slightly later than previously anticipated by...

By John Ikani South Africa's private sector suffered a contraction in economic activity for the third consecutive month in May, according to a survey released on Monday. The persisting challenges of rolling power cuts and inflationary...