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The stock market declined by 2.5 per cent last week following profit taking after weeks of sustained growth. The market, which spiked by 12.9 per cent the previous week, closed lower last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) shedding 2.5 per cent to be at 34,136.82. The market capitalisation closed lower at N17.838 trillion.
Burkina Faso opposition candidate Zephirin Diabre said President Roch Kabore is orchestrating a “massive fraud” to secure re-election in Sunday’s presidential vote, and that he will not accept results marred by irregularities.
Wall Street’s main stock indexes opened lower on Friday, putting them on track to cap off another week of highs and lows as vaccine optimism is overshadowed by surging COVID-19 infections and the return of business sapping restrictions and shutdowns.
About N70.3m was also earmarked for the facilitation of ministerial media appearances for the “36 ministers, influencers and analysts on radio and television as well as social media and print media.”
The United States on Wednesday imposed sweeping new sanctions targeting Iran, blacklisting a foundation controlled by Supreme Leader Ayatollah Ali Khamenei and taking aim at what Washington called Iran’s human rights abuses a year after a deadly crackdown on anti-government demonstrators.
Iranian Foreign Minister Mohammad Javad Zarif said Iran would fully implement its 2015 nuclear deal if US President-elect Joe Biden lifts sanctions on Tehran, which Zarif said could be done swiftly through “three executive orders”.
Global benchmark Brent crude rose 4.2 percent while US WTI jumped 4.6 percent after Moderna became the latest drug firm to release promising trial data on a COVID-19 vaccine.
Former Minister of Youths and Sports Solomon Dalung has blamed Super Eagles disappointing outing on Friday on make shift preparation.
The Regional Comprehensive Economic Partnership (RCEP) includes 10 Southeast Asian economies along with China, Japan, South Korea, New Zealand and Australia, with members accounting for around 30 percent of global GDP.
Ethiopia said on Saturday that forces loyal to the ruling party in the northern Tigray region had fired into neighbouring Amhara region, raising fears that ongoing fighting could draw in other parts of the country.
Ethiopia’s parliament has appointed a new head of Tigray region, Prime Minister Abiy Ahmed said as a prominent rights group reported a “massacre” of scores of civilians in the conflict.
Chinese technology giants from Alibaba Group Holding Ltd. to Tencent Holdings Ltd shed almost $260 billion of market value over two days of frantic selling, as investors scrambled to assess the fallout from Beijing’s broadest attempt to rein in its most powerful private-sector firms.
Governments across the world are anxiously watching the race for the White House, as they prepare for either Republican Donald Trump securing a second term as United States president or for an electoral win by his Democratic challenger, former Vice President Joe Biden.
The Nigerian equities market resumed November trading with a loss of 0.17 per cent, halting the six-day bullish run on the back of profit taking.
The joint EU-UN Spotlight Initiative, on Monday called on the media to intensify advocacy through reportage of violence against women and girls to end the menace in the country.
Mr Tokunbo Abiru, APC’s candidate for the Lagos East bye-election, has said that quality representation at the National Assembly is an antidote to diverse national development and security challenges.
General Motors announced today that it is abandoning Donald Trump’s effort to take away California’s ability to set fuel efficiency standards. The company, along with Fiat Chrysler and Toyota, previously backed Trump’s efforts to roll back fuel efficiency standards.
The Speaker, Lagos State House of Assembly, Mudashiru Obasa, says the 2021 Appropriation Bill currently before the house will be passed before Dec. 31.
The Elder and major Stakeholders of the Peoples Democratic Party (PDP) on Monday affirmed the belief that it is the turn of the South East to produce President of Nigeria in 2023.
Chairperson of the Nigerian Women Football League, Aisha Falode, has stated that, the board is committed to roll with the ten serious clubs that had complied with their registration requirements ahead the new season.
Dr Fwanngje Isah, Provost, Plateau State College of Health Technology, Pankshin, says the institution will soon reopen for academic activities, after an eight-month closure caused by the COVID-19 pandemic.
England’s record goalscorer Wayne Rooney says children should be banned from heading the ball, following the example of the United States, to reduce the chances of getting dementia later in life.
Manchester United defender Axel Tuanzebe has given his thoughts on the Reds’ current poor home form as well as explained how behind-closed-doors football could be having an impact.
Chelsea manager Frank Lampard admits that living up to his legacy as a player is difficult when he is manager.