CBN directs banks to open dollar account for remittances

The Central Bank of Nigeria (CBN) has mandated commercial banks to open new dollar account with offshore lenders for receiving international money...

NNPC, marketers differ on petrol price, queues surface

The Nigerian National Petroleum Corporation(NNPC) on Thursday said it had not effected any increase in the ex-depot price of Premium Motor Spirit(PMS)...

Johnson & Johnson to pay $4.7bn damages in talc cancer case

Johnson & Johnson has been ordered to pay $4.7bn (£3.6bn) in damages to 22 women who alleged that its talc products caused them to...

Nissan admits falsifying emissions tests in Japan

Nissan has admitted that it has uncovered falsified data from car exhaust emissions tests at most of its Japanese factories. The firm did not disclose...

Rolls-Royce unveils flying taxi prototype, to be ready 2020

British engine maker Rolls-Royce revealed plans this week to develop a hybrid electric vehicle, dubbed the “flying taxi”, which takes off and lands vertically...

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