Bitcoin Drops Below $6,000 For First Time in Three Months

Bitcoin plunged more than 20 percent to fall below $6,000 on Tuesday, its latest sharp loss following a series of setbacks, with a global stock market collapse fuelling the selling.

Chevron Nigeria Limited Gets New GM PGPA

Chevron Nigeria Limited, CNL, Mr. Esimaje Brikinn, today, assumes duty as its new General Manager, Policy, Government and Public Affairs (PGPA), CNL is the operator of Nigerian National Petroleum Corporation (NNPC) and CNL (the NNPC/CNL JV) joint venture.

Yahoo Reports Loss Of $99m In Three Months

Yahoo has reported a quarterly loss of $99m (£68m), months after revealing "aggressive" efforts to turn around its fortunes.

BUSINESS: UBA Records N60bn Profit in 2015

United Bank for Africa Plc, in its audited full year results for the year ended December 31, 2015, released to the Nigerian Stock Exchange on Monday, recorded a 25 per cent growth in its profit after tax to N60bn; translating to a 20 per cent return on average equity.

Aston Martin Creates 750 Jobs In South Wales

Aston Martin is to open a new factory in St Athan, in the Vale of Glamogan, creating more than 750 new jobs.

Walmart is Closing Hundreds of Stores and Laying Off Thousands of Employees

Walmart is closing 269 stores and laying off thousands of employees.
The move will affect more than 16,000 employees, including 10,000 in the US.

China Completes Production of own Passenger Plane

China's first big passenger plane rolled off the assembly line on Monday as the Asian giant seeks the prestige of having its own aviation sector, and to challenge foreign giants Airbus and Boeing for market share.

Workers spent over a year putting together the C919, a narrow-body jet which can seat 168 passengers, at the Commercial Aircraft Corp. of China (COMAC) facility in Shanghai.

For China, the plane represents at least seven years of efforts in a state-mandated drive to reduce dependence on European consortium Airbus and Boeing of the United States, and even compete against them.

"China's air transport industry cannot completely rely on imports. A great nation must have its own large commercial aircraft," the country's civil aviation chief Li Jiaxiang told an audience of government and industry officials.

NNPC Records N38.67bn From Sale of Petroleum Products in Sept.

The Nigeria National Petroleum Corporation (NNPC), says it recorded N38.67billion from the sale of downstream petroleum products in September.
This is contained in the corporation’s report for September obtained by the News Agency of Nigeria (NAN)in Abuja on Sunday.
It stated that the amount was in respect of revenue from “white products” sold by the Pipelines and Product Marketing Company (PPMC).
The white products include Automotive Gas Oil (AGO), Household Kerosene (HHK), and Premium Motor Spirit (PMS).

Nigerian VP, Osinbajo in Zambia to Commission Dangote's Cement Plant

Vice President, Professor Yemi Osinbajo has left Abuja Zambia on a one-day official visit to the country.