Dec 29, 2014/huhuonline The announcement by Sam Amadi, chairman of the Nigerian Electricity Regulatory Commission (NERC), that Nigerians will witness another hike in electricity tariffs, without any corresponding improvement in power supply to justify such an increase, is outright provocation and unfair to Nigerians who are being compelled to pay […]

Mon Dec 29, 2014/Reuters Crude oil prices fell on Monday, giving up early gains as traders and investors bet that fighting in Libya would not take much of a bite out of global production. Prices rose early on concerns about the damage in Libya, after an oil official said the […]

Thu Dec 25, 2014/Reuters Citigroup Inc (C.N) has agreed to sell its Japanese retail banking operations to Sumitomo Mitsui Banking Corp (SMBC), as the U.S. bank retreats from unprofitable businesses around the world. The acquisition price was not disclosed. Sources with knowledge of the deal had told Reuters that SMBC, […]