Crude oil futures ticked higher during mid-morning trade in Asia on Wednesday, underpinned by optimism over US-China trade talks that extended into a third day. At 10:32 am Singapore time (0232 GMT), ICE March Brent crude futures were up 60 cents/b (1.02%) from Tuesday’s settle to $59.32/b, while the NYMEX February light sweet crude contract […]
Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing. Alibaba, which has made billionaire founder Jack Ma one of China’s richest men and a global e-commerce icon, has seen its shares soar 80 […]
The Central Bank of Nigeria has revoked the operating licences of 42 microfinance banks in the country. The Nigeria Deposit Insurance Corporation disclosed this on Friday in an announcement on its website titled ‘Notice of closure of 42 microfinance banks’. It stated, “This is to inform the depositors, creditors, shareholders and the general public that […]