Oil prices dipped on Thursday on worries about oversupply, but strong Chinese imports and signs that U.S. storage tanks were gradually being drained offered some support. Brent crude fell 20 cents to $47.54 a barrel by 0730 GMT and U.S.…
Japanese Retail Giant Accepts Bitcoin Nationwide after Successful Trial
Japanese electronics retailer Bic Camera will enable bitcoin payments across all stores in the country this month. Tokyo-based consumer electronics retail chain Bic Camera becomes the latest major retailer to accept bitcoin throughout Japan, a report by Nikkei confirmed today. The trial…
Teenager builds £50,000-a-year tuck shop empire from boys’ toilets
A entrepreneurial 15-year-old school boy has reportedly been making £230 a day through a tuck shop empire run out of his school in London. Nathan John-Baptiste, dubbed the “Wolf of Walthamstow”, started his business at the age of 12 in…
Britain’s Finance Industry Is Facing A ‘Tipping Point’ Over Brexit, a New Report Says
Britain will lose its status as Europe’s top financial center unless it keeps borders open to specialist staff, improves infrastructure and expands links with emerging economies, TheCityUK said in a report published on Thursday. The report from Britain’s most powerful…
Finance firms need freedom to choose location after Brexit
Finance firms should not be forced by regulators to change location after Britain leaves the European Union in 2019, Andrew Bailey, chief executive of the UK’s Financial Conduct Authority told a Reuters Newsmaker event on Thursday. Banks, insurers and asset…
NNPC saves $2bn, N40bn from upstream contracts, DSDP
The Nigerian National Petroleum Corporation, NNPC, yesterday, said it saved $2 billion over the last one year from discounts secured from the renegotiation of upstream contracts executed by its various service providers. The NNPC also stated that its recently introduced…
NLNG backs upgrading of three jetties with N150m
The management of Nigeria Liquefied Natural Gas (NLNG) has said that about N150 million had been invested to upgrade three jetties in Lagos to boost Liquefied Petroleum Gas (LPG) supply to domestic market. Mr Tony Attah, Managing Director, NLNG disclosed…