Greece averted the immediate threat of an uncontrolled default on Friday, winning strong acceptance from its private creditors for a bond swap deal which will eat into its mountainous public debt and clear the way for a new bailout. Euro zone ministers held a teleconference call and were expected to […]

The naira was relatively stable at the interbank segment of the forex market Thursday  due to moderate supply of the greenback. THISDAY learnt that the local currency closed yesterday at N157.50 to a dollar, the same value it stood at the end of the previous day’s trading. A source informed […]

British satellite broadcaster BSkyB, part of Rupert Murdoch’s UK media business, is facing an escalating investigation into whether it is a “fit and proper” owner of a broadcasting licence, Britain’s telecoms regulator said on Thursday. Ofcom said it set up a dedicated team in January known as ‘Project Apple’ to […]