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Nigerian Stock Exchange NSE

Stock market records highest gain in three months

The nation’s stock market recorded its highest gain since February 12 last week as the market capitalisation of equities rose by N1.874tn following the listing of MTN Nigeria Communications Plc on the Nigerian Stock Exchange.
African National Congress - ANC

ANC loses massive votes in South Africa’s election

President Cyril Ramaphosa’s African National Congress (ANC) is set for a clear victory in South Africa’s election but with a lower vote share, both for it and its main rival, the Democratic Alliance.
African National Congress - ANC

Early results suggest ANC to retain power in South Africa

Early vote tallies suggest South Africa’s ruling ANC party will retain power after an election on Wednesday, but analysts said its share of the vote could fall below 60 percent for the first time since the end of white minority rule.
This April 10, 2019 picture released by North Korea’s official Korean Central News Agency (KCNA) on April 11, 2019 shows North Korean leader Kim Jong Un attending the 4th Plenary Meeting of the 7th Central Committee of the Workers’ Party of Korea (WPK) in Pyongyang. (Photo by KCNA VIA KNS / KCNA VIA KNS / AFP) / South Korea OUT /

Kim Jong-un tests tactical weapons, risks angering Donald Trump

North Korea’s state media said Sunday that leader Kim Jong Un had overseen a rocket and tactical guided weapons test, after the drill Saturday raised concerns Pyongyang was escalating provocations with US nuclear negotiations deadlocked.
Sales of Sports Utility Vehicles (SUV) and cost cuts helped Volkswagen (VW) shrug off a 1 billion euro legal charge and meet first-quarter operating profit forecasts on Thursday, sending its shares 3.3 per cent higher.

Volkswagen shrugs off one billion euro legal hit with higher SUV salesÉ

Sales of Sports Utility Vehicles (SUV) and cost cuts helped Volkswagen (VW) shrug off a 1 billion euro legal charge and meet first-quarter operating profit forecasts on Thursday, sending its shares 3.3 per cent higher.
Explosions have shaken Libya's capital Tripoli following an air raid, residents said, in an escalation of a two-week offensive by eastern forces on the city held by the internationally-recognised government.

Explosions in Tripoli suburb after air raid, death toll rises

Explosions have shaken Libya's capital Tripoli following an air raid, residents said, in an escalation of a two-week offensive by eastern forces on the city held by the internationally-recognised government.
Islamic State ISIS

IS launches deadliest attack on Syria Army since crisis

Islamic State group jihadists have killed 35 pro-Damascus fighters in Syria, in what a monitoring group described Saturday as their deadliest operation since the fall of the “caliphate”.
Ahmed Awad Ibn Auf

General Awad Ibnouf, regime insider turned new Sudan ruler

Sudanese General Awad Ibnouf, who led the overthrow of veteran leader Omar al-Bashir and has emerged as the country's new ruler, is already under US sanctions for his alleged role in the brutal Darfur conflict.
US President Donald Trump (L) shakes hands with North Korea’s leader Kim Jong Un following a meeting at the Sofitel Legend Metropole hotel in Hanoi on February 27, 2019. (Photo by SAUL LOEB - AFP)

North Korea must deliver ‘blow’ to those imposing sanctions

North Korea needs to deliver a "telling blow" to those imposing sanctions on the country by ensuring its economy is more self-reliant, its leader Kim Jong Un said.

Analysts: Interest rate cut threatens foreign portfolio investments

Analysts have said the reduction of the Monetary Policy Rate, also known as benchmark interest rate, may dampen foreign investors in the nation’s stock market.

Analysts dismiss MPR cut as hasty, with zero impact on lending

Financial analysts have described the decision of the Central Bank of Nigeria, CBN, to reduce the Monetary Policy Rate, MPR, to 13.5 per cent as a hasty decision with zero impact on boosting lending to businesses.
Pheu Thai party’s candidate for prime minister Sudarat Keyuraphan (C) shakes hands with her supporters during the party’s final major campaign rally in Bangkok on March 22, 2019, ahead of the March 24 general election. (Photo by Ye Aung THU - AFP)

Thai election complaints mount as junta holds popular vote edge

Confusion and complaints over preliminary results in Thailand’s election mounted on Monday after the first poll since a 2014 coup, with the junta primed to retain its grip on power despite only having a slight edge in the popular vote.
US President Donald Trump speaks before a meeting between US and Chinese officials in the Oval Office of the White House January 31, 2019 in Washington, DC. (Photo by Brendan Smialowski - AFP)

Oil eases after Donald Trump urges OPEC to curb efforts to boost prices

Oil inched lower on Tuesday to extend losses of more than three per cent from the previous session, easing after U.S. President Donald Trump called on OPEC to rein in its efforts to boost prices.
US President Donald Trump speaks during the Governors’ Ball at the White House in Washington, DC on February 24, 2019. (Photo by MANDEL NGAN - AFP)

Donald Trump to delay China tariff hike after trade talks ‘progress’

US President Donald Trump has vowed to delay a planned tariff increase on Chinese exports after both sides hailed “substantial progress” in trade talks, raising the prospect of a summit with President Xi Jinping to seal the deal.
Samsung senior vice president of product marketing Justin Denison speaks on stage about the new foldable phone during the Samsung Unpacked product launch event in San Francisco, California on February 20, 2019. (Photo by Josh Edelson - AFP)

Foldable phone outlook hinges on price

Handset makers are racing to launch their first smartphones with folding screens but analysts warn the technology is still too rudimentary — and expensive — to woo consumers in large numbers for now.
Macky Sall

President Sall set for re-election in Senegal presidential poll

Voters in Senegal are set to elect a president on Feb. 24 from a mere five candidates, including incumbent and frontrunner Macky Sall, an official said.

Central bank: Value of money market assets outstanding hits N11.89 trillion

The Central Bank of Nigeria has said that the total value of money market assets outstanding in the fourth quarter of 2018 was N11.897trillion.
Germany

Germany avoids recession with 0% growth in last quarter

The German economy has narrowly missed tumbling into recession but recorded output growth of just 0.02% in the final quarter of 2018.

Recent Stories

A group photograph with Kano State governor Abdullahi Umar Ganduje, his deputy Nasiru Yusuf Gawuna, Speaker state assembly Rurum and the newly appointed emirs from left Sarkin Rano, Alhaji Tafida Abubakar Ila; Sarkin Bichi, Alhaji Aminu Ado Bayero; from right Sarkin Gaya – Alhaji Ibrahim Abdulkadir Gaya and Sarkin Karaye, Dr. Alhaji Ibrahim ll. After the official installation of four new emirs by Kano State governor on Saturday at indoor stadium at Sani Abacha. Photo Sani Maikatanga

Group calls for scrapping of new emirates in Kano

A group under the aegis of the Renaissance Coalition in collaboration with Civil society organisations (CSOs), and other stakeholders in Kano have called for the scrapping of the newly created emirates in the state.
The rain storm in Lagos on Monday resulted in many residents and motorists counting their losses as it caused traffic gridlock and wreaked havoc in many areas, damaging communication masts, electric poles and other infrastructure.

Downpour causes traffic gridlock in Lagos

The rain storm in Lagos on Monday resulted in many residents and motorists counting their losses as it caused traffic gridlock and wreaked havoc in many areas, damaging communication masts, electric poles and other infrastructure.
President Buhari receiving Report of the Technical Advisory Committee on the Implementation of the National Minimum Wage in State House on 25th Mar 2019 2

Federal government declares May 29, June 12 public holidays

The Federal Government has declared May 29 and June 12 as public holidays to mark the transition to a new government and Democracy Day respectively.

Sanitation: Taraba government bans use of polythene bags

Gov. Darius Ishaku of Taraba on Monday banned the use of polythene and plastic bags in the state to boost clean environment.
Governor of Edo State, Mr. Godwin Obaseki

Governor Obaseki: We’ll ensure investors in plantations in Edo preserve forest belt

Edo State Governor, Mr Godwin Obaseki, has said that the state will ensure its forest belt is preserved as more investors in oil palm, cocoa, rubber plantations set up shop in the state, noting that state will collaborate with relevant stakeholders in the sector on a reforestation programme.