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Nigerian Stock Exchange NSE

Pressure on equities as investors lose N200 billion

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.
Nigerian Stock Exchange NSE

Nigerian stocks slump further

The Nigerian stock market took another round of pummelling following the weak state of the economy and as a result of the N157 billion shaved off from the market capitalisation of the Nigerian Stock Exchange (NSE) Week-on-Week (W-o-W).
Nigerian Stock Exchange NSE

NSE market capitalisation bows to sell pressure, down by N69 billion

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 has sold 100 million PS4s

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.
Nigerian Stock Exchange NSE

Investors lose N265 billion as stock market falls further

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.

South Africa’s Cyril Ramaphosa appoints 50 percent women in new cabinet

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: How I spent N400 million from ex-NSA Dasuki

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).
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.

Recent Stories

A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Lagos court remands ‘internet fraudsters’ in Ekiti prison

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.

Presidency: President Buhari will not fail Nigerians

The Presidency has assured Nigerians that President Muhammadu Buhari will not disappoint Nigerians in this second and last term in delivery of his promises.

Nigeria Customs denies closure of Seme border

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, after two competitive games as Chelsea boss, has acknowledged that “performances and results will define how long I am here”.

Frank Lampard says Chelsea’s misfiring strikers will come good

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.

Alex Iwobi benched as Everton take on Aston Villa

Alex Iwobi is starting on bench as Everton take on Aston Villa on Friday's Premier League fixture.