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Oil prices dipped under $62 a barrel on Wednesday after industry data showed a build in U.S. crude inventories for the 15th straight week, adding to concerns of a global supply glut. The American Petroleum Institute (API) said on Tuesday...

Swedish truckmaker Volvo (VOLVb.ST) named Martin Lundstedt, the head of rival Volkswagen-owned (VOWG_p.DE) Scania as its chief executive on Wednesday, replacing embattled Olof Persson who has led a sweeping efficiency drive. Volvo, vying for dominance of the truck market with...

Aircraft engine maker Rolls-Royce (RR.L) has turned to one of Britain's most successful technology executives, Warren East, to restore its fortunes after a year marred by falling profit, job cuts and canceled orders. The British company's surprise announcement on Wednesday...

Britain's markets regulator has fined Bank of America Merrill Lynch a record 13.2 million pounds ($20 million) for failing to report transactions properly over seven years. The Financial Conduct Authority (FCA) said on Wednesday that Bank of America's Merrill Lynch...

Few politicians would be foolish enough to say publicly they'd prefer not to be elected because of the unpopular decisions that await, but next month's election in Britain is one some may privately regard as a poisoned chalice. Britain's economy...

The timing and scope of sanctions relief are major sticking points in talks between Iran and the six major world powers kicking off in Vienna on Wednesday as negotiators try to agree on curbing Tehran's nuclear activities. After a tentative...

Hardly will anyone argue the fact that in our contemporary Nigeria, the public institutions and their occupiers are riddled with greed and corruption. For far too long, especially under the Jonathan government, the general perception nationally and internationally is...

Thieves Like Femi Fani-Kayode, Ayo Fayose, Doyin Okupe Should Face Firing Squad   After years of toxic pollution and devastating effects from corruption, Nigeria – Africa's most populous country – has become a wasteland. It's not a coincidence that Nigeria is...

When in 2003 Ibohayo contested the presidential polls in Nigeria, there was confusion, despite his credibility, amongst the echelons of the nation’s political and economic classes – the power brokers – over his mission in Nigeria’s politics. Many were...

INSPECTOR GENERAL of Police (IGP), Alhaji Suleiman Abba, a former Aide-De-Camp (ADC) to the wife of a former military Head of State, Mrs Maryam Abacha, was sacked four years before he attained the formal retirement age of service. The 17th...