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Nigerian interbank rates dropped further to 1.15 percent on average from 1.41 percent last week as the full impact of monthly budgetary disbursals to government agencies hit the monetary system, traders said. Over 270 billion naira in…

BP will start drilling off the Libyan coast within a few weeks, the Financial Times reported Saturday, amid a row over the oil giant's connections to the north African state. The deep-water drilling will take place in the Gulf of Sirte as…

A major US telecommunications industry group asked a federal court to block a law requiring mobile phone makers to warn customers that the gadgets are bathing them in radiation. The unprecedented ordinance was passed by the northern…

General Electric delivered a shot of confidence to U.S. investors when it raised its dividend on Friday, pushing the S&P 500 through the key 1,100 level. GE gained 3.3 percent in high volume after the U.S. conglomerate increased its…

Just seven European banks failed a health check and were ordered to raise their capital by 3.5 billion euros ($4.5 billion), much less than expected, confirming fears the continent's long-awaited stress test was too soft. Results of the…

People who are untrusting, fear rejection, or are otherwise insecure about their relationships might be at a greater risk for health problems than their more secure counterparts. A new study shows such relationship uncertainties, known as…

It looks like an iPad, only it's 1/14th the cost: India has unveiled the prototype of a $35 basic touchscreen tablet aimed at students, which it hopes to bring into production by 2011. If the government can find a manufacturer, the Linux…

About 46 per cent of Ghanaian Business Executives expect the overall business environment to improve in the third quarter of 2010. This is far less than 66.7 percent of executives, who did so in the second quarter, the Association of Ghana…

A total of 1,255 farmers, in various groups, are to benefit from a credit facility of over GH¢4.5 million from some financial institutions for the cultivation of maize, sorghum and soya bean. The cultivation would be under a new approach…

Mr Joseph Amenowode, Volta Regional Minister, on Thursday called on loan recovery agents of the Microfinance and Small Loans Centre (MASLOC), to reclaim loans obtained from the Centre by people from the Region. He said “I want you to help…