Chevron Corp posted a 51 percent drop in quarterly profit on Friday, becoming the latest oil major to be hit by the steep decline in oil and natural gas prices and anemic margins at refineries.
Oil fell for a third day to around $80 a barrel on Monday, extending its retreat from last week's one-year high, on renewed concerns about the strength of the global economy.
Nigeria's anti-corruption police is working with top computer software companies to halt thousands of fraudulent emails in a crackdown on internet crime in Africa's most populous country, an agency spokesman said.
Nigeria's anti-corruption police is working with Microsoft to halt thousands of fraudulent emails in a crackdown on internet crime in Africa's most populous country, an agency spokesman said.
The U.N. Human Rights Council endorsed on Friday a Gaza report that accused both Israel and the Palestinian militant group Hamas of committing war crimes.
Up to 15,000 gunmen in Nigeria's oil-producing Niger Delta have surrendered their arms and accepted President Umaru Yar'Adua's unconditional pardon, a senior government official said on Thursday.
The World Bank unveiled its $215 million Central African Backbone program on Tuesday, to bring reliable, high-speed, low-cost internet access to the region for the first time.
Nearly 2 million children under five die from lack of care in India every year, more than in any other country, said a new report released on Monday which blames poor public health spending and entrenched inequalities.
Oil prices rose on Monday as data showing the U.S. services sector expanded raised hopes of an economic recovery and lifted markets.
Oil prices rose on Monday as data showing the U.S. services sector expanded raised hopes of an economic recovery and lifted markets.
Oil fell 2 percent to below $69 a barrel on Monday, pressured by jitters over the pace of U.S. economic recovery and easing concerns about Iran and Nigeria.
Oil fell to around $69 a barrel on Monday, extending the previous session's drop, pressured by jitters over the pace of U.S. economic recovery and easing concerns about Iran and Nigeria.
Oil fell to below $69 a barrel on Monday, extending the previous session's drop, pressured by jitters over the pace of U.S. economic recovery and easing concerns about Iran and Nigeria.
Oil fell toward $69 a barrel on Monday, extending the previous session's drop, pressured by jitters over the pace of U.S. economic recovery and easing concerns about Iran and Nigeria.
The Group of 24 nations on Saturday called for a significant shift in IMF voting power to developing nations and a doubling of members' quotas to raise more resources for the global financial institution.
Chinua Achebe, the grandfather of modern African literature, first began telling stories as a means to reaching the truth. Fiction, he knew, could sometimes strike deeper than real life.
China has made a proposal to buy 6 billion barrels of Nigeria's crude oil reserves and the West African country said on Wednesday it could sell stakes in its joint ventures with Western oil firms to help Beijing do so.
Privately held Savannah Gold Ltd is seeking 1 million pounds in fresh investment to launch a drilling programme in Nigeria, and hopes to list the firm in Canada in the middle of next year.
Nigeria is not offering oil licences currently operated by Chevron, ExxonMobil and Royal Dutch Shell to China while renewal negotiations are ongoing, a government minister said on Tuesday.
A blockbuster sci-fi movie which caricatures Nigerians as gangsters and cannibals and a Sony PlayStation advert which implies they are fraudsters have infuriated a government battling to improve the country's image.
Most people around the world support significantly increasing government spending to counter the economic crisis, according to a 20-nation opinion poll released on Monday.
Chevron Corp has started pumping crude oil from the Tombua-Landana project offshore Angola, with plans to raise output to 100,000 barrels per day by 2011, the company said on Wednesday.