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Time Magazine Sold for $190m

US media giant, Meredith Corporation, has agreed to sell Time Magazine for $190 million, according to a report in The Wall Street Journal. Marc Benioff, co-founder of the cloud computing company Salesforce.com, and his wife Lynn Benioff…

Nigeria, China in $2b Cotton Deal

Nigeria and a Chinese firm have signed a Memorandum of Understanding (MoU) on first-ever cotton value chain industry, worth two billion US dollars. The Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, unveiled the deal…

Oil Prices Climb Towards $80

Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November. Brent crude futures climbed to 77.33 dollars…