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Sustained sell-offs in highly capitalised stocks trading on the floor of the Nigerian Stock Exchange (NSE) was the theme this week as investors lost a total of N200 billion Week-on-Week.
Activities on the Nigerian Stock Exchange (NSE) returned to bearish mood on Tuesday following sell pressure in blue chips, forcing the market capitalisation to drop by N69 billion.
Sony’s PlayStation 4 console has been a huge hit for the company, and it has now hit the 100 million sales milestone. Sony revealed in its latest earnings that the company sold 3.2 million PS4 devices in the quarter ended June 30th, meaning exactly 100 million have now been sold in total. Sony was previously sitting at 96.8 million PlayStation 4 consoles after the previous quarter.
Investors in the equities market of the Nigerian Stock Exchange saw the value of their investments decline by N265bn on Thursday.
South Africa's President Cyril Ramaphosa has appointed 50 percent women in his new cabinet, a first for Africa's second biggest economy.
Olisa Metuh, the former National Publicity Secretary of the Peoples Democratic Party (PDP), on Tuesday, told a Federal High Court sitting in Abuja, how he spent an alleged N400 million traced to him as proceed of money laundering by the Economic and Financial Crimes Commission (EFCC).
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.
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.
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.
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 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”.
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.
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 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.
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.
A Federal High Court sitting in Lagos State has ordered the remand of nine suspected internet fraudsters in Ado-Ekiti prison pending the hearing of charges filed against them by the Economic and Financial Crimes Commission, EFCC.
The Presidency has assured Nigerians that President Muhammadu Buhari will not disappoint Nigerians in this second and last term in delivery of his promises.
The Nigeria Customs Service (NCS) has denied closure of the Seme-Krake border with the Republic of Benin, explaining that the ongoing joint security exercise in the area was to tackle transborder crimes.
Frank Lampard insists Chelsea’s misfiring strikers will rediscover their touch in front of goal.
Alex Iwobi is starting on bench as Everton take on Aston Villa on Friday's Premier League fixture.
Ndi-Igbo Germany, an umbrella body of Igbo people living in Germany on Monday tendered an unreserved apology to the former Deputy President of the Senate, Senator Ike Ekweremadu, over the weekend attack on him by members of the proscribed Indigenous Peoples of Biafra in Nuremberg, Germany.
Still on the incident in Germany involving Sen Ike Ekweremadu and IPOB members, a Pro-Umahi group in the United Kingdom (UK), Divine Mandate International (DMI), says it won’t tolerate any act of intimidation on Governor David Umahi of Ebonyi State or any other Igbo leaders by the outlawed Indigenous People of Biafra (IPOB) in the UK.
The Indigenous People of Biafra (IPOB) has said that contrary to some reports none of its members was arrested in Ebonyi State.
The United States (US) government is expected on Wednesday to announce a new regulation that would allow for the detention of migrant families beyond the 20-day limit for holding children, two administration officials, according to a CNN report.
Residents of North-East Nigeria have expressed joy over the peaceful celebrations during the Eid celebrations and called on stakeholders to emulate Tukur Buratai and the Nigeria arm.