Business

Thick black smoke and flames rose yesterday from the burning roadblock that cut off a highway linking Nigeria’s mainland to the islands where the oil-rich nation’s wealthy live.

Planning Minister Dr Bhoe Tewarie refused to admit whether it would be embarrassing for the Government if the Commission found that he was responsible—by way of his 14-year directorship of CL Financial—for the Government’s intervention into the cash...

US stocks rose solidly yesterday after European markets rallied and corporate bellwether Alcoa predicted stronger demand in 2012.

Overall Market activity resulted from trading in 11 securities of which two advanced, three declined and six traded firm.

Germany’s economy slipped into reverse in the last quarter of 2011 despite posting strong growth of three per cent for the full year, the country’s Federal Statistics Office said yesterday, sparking fears that Europe’s most important economy could...

Oil prices dropped yesterday, as weak US energy demand pushed petroleum supplies sharply higher.

“Agonised” over the state of affairs at CL Financial, Dr Bhoe Tewarie—who served as a director for 14 years at the Lawrence Duprey-helmed conglomerate—sought the confidence of Central Bank Governor Ewart Williams.

Stock markets in Europe fell yesterday as attention switched back to Europe’s often-stumbling efforts to get a handle on its debt crisis.