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Analysts predict spike in December inflation rate

As the National Bureau of Statistics (NBS) releases its December 2018 inflation figures this week, leading research firms in the country, FSDH Research and Financial Derivatives Company (FDC), said in their forecasts at the weekend that the nation’s inflation rate for December 2018 would increase.

SADC urges DR Congo unity govt, vote recount

An African regional bloc on Sunday called for a unity government in Democratic Republic of Congo following disputed presidential elections, while also urging a recount of the ballots.
Aliko Dangote, president of Dangote Group, says the conglomerate’s revenue base will hit $30 billion by 2020 — a feat he would have considered impossible 10 years ago.

Aliko Dangote maintains position as Africa’s richest man

Aliko Dangote, the President of Dangote Group, who was ranked Africa’s richest man in the 2019 Forbes Africa’s billionaires list, has remained consistently ahead of the pack for the eighth consecutive year, with a current net worth of $10.3 billion.

Access Bank’s share price drops by 32 per cent

The share price of Access Bank Plc has declined by 32.52 per cent since the bank confirmed its plans to merge with Diamond Bank Plc.
Nigerian Stock Exchange NSE

NSE: Bears on rampage, market capitalisation loses N136bn

The bears at the Nigerian Stock Exchange (NSE) continued to dominate trading for the fifth trading days in 2019 with the crucial market indicators declining further by 1.20 per cent.

Police officer killed defusing bomb at church

A policeman was killed while trying to dismantle an explosive device outside a Coptic church in Egypt on Saturday, a security source said.
Pound Sterling

Pound rebounds as Theresa May pledges to fight on, warns Brexit at risk

Sterling rose on Wednesday as Prime Minister Theresa May vowed to fight a challenge to her leadership and warned rebels within her party that they risked delaying or even stopping Britain’s departure from the European Union.

Why many Nigerians are scared of the year 2019

Though the tell-tale signs are there, considering the unusual electoral malpractices in Ekiti, Osun, Kwara and other places where voters have allegedly been brazenly intimidated, disenfranchised and disillusioned.
Nigerian Stock Exchange NSE

Investors’ wealth increases as stock market gains N50 billion

Investors’ in the Nigerian stock market recorded a N50bn increase in their wealth on Wednesday as the market extended its bullish run into the second consecutive day after the rebound on Tuesday.
Turkish President Recep Tayyip Erdogan has inaugurated a massive new airport project in Istanbul, which, once complete, is expected to become one of the world's largest.

Recep Erdogan warns ‘sea bandits’ over Cyprus energy exploration

Turkish President Recep Tayyip Erdogan on Sunday warned foreign oil companies over energy exploration off Cyprus, describing those who defy Ankara as "bandits of the sea" who would face a similar response as its foes in Syria.

Oil prices dip amid US inventory data concerns

Oil prices slumped to more than two-week lows yesterday, as global stock markets fell, with investor sentiment made more bearish by the United States government data that showed domestic crude inventories rose more than expected last week.

Stock market sheds N10 billion on renewed sell-off

Analysts at Afrinvest Limited stated that “we anticipate a rebound in today’s trading, as we saw significant buy interest in banking stocks yesterday, which we expect to be sustained throughout this week.”
(FILES) In this file photo taken on April 02, 2008 former Bolivian president Carlos Mesa speaks during the II Academic Summit of Former Presidents and Vice Presidents in La Paz.Bolivian ex-president Carlos Mesa launched on October 6, 2018, his candidacy for the 2019 presidential elections in which he will face ruling president Evo Morales, who is seeking a fourth consecutive re-election. / AFP PHOTO / Aizar RALDES

Bolivia’s Carlos Mesa launches 2019 election bid

Bolivian ex-president Carlos Mesa on Saturday launched his candidacy for the 2019 election, in which he will face Evo Morales who will be seeking his fourth consecutive term.
Workers Party vice presidential candidate Fernando Haddad

Candidate promises not to pardon ex-president Lula if he wins presidency

Brazilian Presidential Candidate, Fernando Haddad, said on Tuesday he would not pardon former President Luiz Lula – sentenced to 12 years in prison on corruption charges – if he is elected president in October.

Zimbabwe opposition not invited at President Mnangagwa’s inauguration

Zimbabwe on Sunday prepared to inaugurate a president for the second time in nine months as a country recently jubilant over the fall of longtime leader Robert Mugabe is now largely subdued by renewed harassment of the opposition and a bitterly disputed election.
National Chairman, APC, Adams Oshiomhole

APC chair Oshiomhole insists Senator Saraki must be impeached

The National Chairman of the All Progressives Congress, Adams Oshiomhole, has reiterated his call for the impeachment of the Senate President, Bukola Saraki.
Share prices on the Tokyo Stock Exchange (bottom L) and a chart (R) of the bourse's three-month movement are displayed in Tokyo on August 3, 2018. Tokyo's key Nikkei index closed flat on August 3 as investors retreated to the sidelines over global trade frictions and ahead of the release of key jobs data. / AFP PHOTO / Kazuhiro NOGI

Tokyo shares end higher as Asian markets gain

Tokyo stocks ended higher Tuesday along with other Asian markets following overnight gains on Wall Street, but investors refrained from making major moves ahead of US-Japan trade talks.

Nigeria’s stake in bitcoin drops to N1.51 billion

As the value of Bitcoin tumbles at the cryptocurrency market, Nigerian’s stake in the market declined dropping to N1.51 billion as against N1.733 billion which it was at the beginning of last month.

Recent Stories

NAFDAC destroys N400m substandard drugs in Nasarawa

National Agency for Food, Drugs, Administration and Control, NAFDAC, yesterday, destroyed substandard, falsified and expired drugs and other related products estimated at over N400m in Nasarawa state.
Presidential candidate of the All Progressives Congress, APC, President Muhammadu Buhari, has assured Nigerians that he will continue to promote national unity, calling on the people to vote for him and other candidates of the APC in the poll.-10

President Buhari: Fighting corruption is important to my administration

President Muhammadu Buhari has said that fight against corruption was of utmost importance to his administration.
As Port Harcourt play host to 13 presidential aspirants and their supporters for primary election of the Peoples Democratic Party, Gov. Nyesom Wike has assured all delegates of a memorable stay.

Governor Wike: Rotimi Amaechi behind plot to destroy Justice Onnoghen

Governor Nyesom Wike of Rivers State, has said that the Minister of Transportation was behind the plot to destroy the Chief Justice of Nigeria, CJN, Justice Walter Onoghen.
Solomon Ogbeide

Solomon Ogbeide: Mamelodi victory gives Lobi more confidence

Lobi Stars of Makurdi coach Solomon Ogbeide has declared that his side’s 2-1 victory against Mamelodi Sundowns of South Africa in their first group match of the CAF Champions League has given them a boost in confidence.
Super Eagles Henry Onyekuru Galatasaray

Henry Onyekuru: I’m enjoying my football at Galatasaray

Super Eagles striker and Galatasaray of Turkey frontman, Henry Onyekuru, has revealed that he is currently enjoying his football in Turkey with the club coached by Fatih Terim.