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Nike is bringing an end to a deal with Amazon which saw the athletics brand sell its clothes and shoes directly to customers on the e-commerce site, reports Bloomberg.

Nike ends direct sale of clothes and shoes on Amazon

Nike is bringing an end to a deal with Amazon which saw the athletics brand sell its clothes and shoes directly to customers on the e-commerce site, reports Bloomberg. Although third-party sellers will be able to continue selling Nike products, Nike will no longer act as a wholesaler to Amazon.
The 3D-printed “Liberator” gun designed by Defense Distributed.

Donald Trump deal to share 3D-printed gun blueprints online ruled ‘unlawful’

A federal judge has struck down a decision by the Trump administration to allow blueprints for 3D-printed guns to be shared online.
Michael R. Bloomberg has seriously explored running for president at least three times. Brittainy Newman-The New York Times

Former New York mayor joins 2020 White House race

Billionaire former New York City Mayor Michael Bloomberg has signalled he will join the race to secure the Democratic Party’s nomination for US president.
Philanthropies Mike Bloomberg is jumping into the Democratic presidential race because he believes that Joe Biden is fading, opening the moderate lane next to Elizabeth Warren, sources close to the former New York mayor tell Axios.

Michael Bloomberg prepares to enter 2020 presidential race

Former New York mayor Michael Bloomberg is preparing to enter the crowded race to become the Democratic nominee for the 2020 presidential election, US media reported Thursday.

Saudis scramble to raise cash for Aramco share sale

From tapping lenders to selling personal assets, Saudis are scrambling to raise cash to invest in Aramco stocks after the oil giant announced its blockbuster market debut even as it offered few listing details, according to AFP reports.
Nigerian Stock Exchange NSE

Analysts anticipate stock market rally after OMO restriction

The decision by the Central Bank of Nigeria (CBN) to restrict individuals and local firms, non-bank financial institutions inclusive, from investing in its open market operations (OMO) auctions may end up providing a welcome boost to one of the world’s worst-performing stock markets, the Nigerian Stock Exchange (NSE).
The Minister of State for Petroleum Resources, Mr. Timipre Sylva, yesterday disclosed that the federal government plans to conduct oil blocks bid rounds in 2020.

Federal government to conduct fresh oil blocks bid rounds in 2020 – minister

The Minister of State for Petroleum Resources, Mr. Timipre Sylva, yesterday disclosed that the federal government plans to conduct oil blocks bid rounds in 2020.
The Minister of Information and Culture, Alhaji Lai Mohammed has assured the international community that President Muhammadu Buhari’s new administration will be more determined in the fight against corruption.

P&ID scandal: Federal government to appeal $200 million conditional award for stay of execution

The Federal Government will appeal the order of a UK commercial court awarding $200 million conditional payment for granting stay of execution in a judgment debt against Nigeria over a botched gas contract.
The Minister of Information and Culture, Alhaji Lai Mohammed has assured the international community that President Muhammadu Buhari’s new administration will be more determined in the fight against corruption.

Nigeria hopeful of setting aside N9.6bn judgement debt – minister

The Minister of Information and Culture, Alhaji Lai Mohammed, has expressed optimism that the entire arbitration decisions and judgment debt of N9.6 billion against Nigeria by a UK court over a botched gas contract would be set aside.

Federal government in fresh talks with World Bank over $2.5 billion loan

The federal government is negotiating for a new tranche of $2.5 billion concessionary loans with the World Bank, in a move to fund its estimated N2.15 trillion deficit contained in 2020 national budget. Also, the 2019 budget has a deficit of N1.64 trillion to be funded by loans.
Smoke billowing after a fire at a Saudi Aramco factory in Abqaiq, Saudi Arabia, on Saturday. VIDEOS OBTAINED BY REUTERS-REUTERS

Oil prices surge by 20 percent on drone strike on Saudi Arabia

Crude oil prices have surged more than 19 per cent after a drone strike on a Saudi Arabian oil facility wiped out about five per cent of global supplies.
Abubakar Malami

AGF: We’ll spare nobody in $9.6 billion P&ID failed deal

Malami told journalists in Abuja that although security agencies had interrogated many prominent personalities in connection with the $9.6 billion awarded against Nigeria by a United Kingdom court, many more would soon be invited for questioning in order to get to the root of the matter.
President Donald Trump pushed to ban all non-tobacco-flavored e-cigarettes from the market.

Donald Trump calls on FDA to ban all flavored vapes after mystery lung illness

“Not only is it a problem overall, but really specifically with respect for children,” Trump told reporters. He continued, “We may very well have to do something very, very strong about it.”
US pop star Ariana Grande has sued fashion retailer Forever 21 for using her trademark style to promote its products without her permission, including adverts featuring a “look-alike model.”

Ariana Grande sues fashion firm over ‘look-alike model’

US pop star Ariana Grande has sued fashion retailer Forever 21 for using her trademark style to promote its products without her permission, including adverts featuring a “look-alike model.”
Gabonese President Ali Bongo delivered his first speech since returning to the West African country following a long absence after a stroke he suffered in October.

Gabon’s Ali Bongo in London for ‘routine medical checks’ – presidency

Gabon's President Ali Bongo Ondimba is undergoing "routine medical checks" in London during a family trip, the presidency said on Monday, denying his health was deteriorating nearly a year after he suffered a stroke.
5G signal

Vietnam’s top carriers avoid Huawei 5G gear, citing security concerns

Concerns over the security of Huawei 5G networking hardware have spread to an unexpected country — Vietnam — where mobile carriers are reportedly excluding the embattled Chinese company’s gear from their launch of 5G services.
China's Yuan

China’s yuan sinks to weakest in 11 years amid trade tension

China’s currency slid on Monday to its weakest point in more than 11 years as concerns over the US trade war and the potential for global recession weighed on markets.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.

EU antitrust regulators have Facebook’s Libra currency in sights

Regulators are reportedly concerned that the Libra currency could shut out rivals and create “competition restrictions” related to the use of information and consumer data. The EU is also examining the integration of Libra wallets into Facebook’s WhatsApp and Messenger services, according to Bloomberg.

Recent Stories

An Air Peace flight from Port Harcourt to Lagos experienced a hard landing which caused a tyre burst and damage to the aircraft’s nose wheel at the Murtala Muhammed International Airport (MMIA) in Ikeja Lagos. The aircraft with 133 passengers and six crew members after making emergency landing reportedly veered off the runway on 18R. Photo: Abdullateef Aliyu, Lagos 23/7/19

Accident bureau releases report on incidents involving Air Peace aircrafts

Accident Investigation Bureau (AIB) Nigeria has released the preliminary reports on the incidents involving three aircraft, two B737-300s with tail number 5N-BUK and 5N-BQO and a B737-500 with registration 5N-BRN owned and operated by Air Peace and has issued safety recommendations.
Robert Lewandowski

Timo Werner: Only Lionel Messi and Cristiano Ronaldo are playing at Robert Lewandowski’s level

Timo Werner acknowledges he has little hope of outscoring Robert Lewandowski in the Bundesliga this season, as the Bayern Munich forward's form can only be matched by Lionel Messi and Cristiano Ronaldo.
Nigeria came from behind to get their 2021 Africa Cup of Nations qualifying campaign to a positive start with a 2-1 Group L win over Benin at Akwa Ibom Stadium in Uyo. 3

AFCONQ: Super Eagles to hit Maseru by chartered flight

Nigeria’s Super Eagles are expected to storm Maseru, Moshoeshoe International Airport on Friday through a chartered flight to keep a date with Lesotho in the AFCON 2021 qualifiers on Sunday.
Adegboyega Oyetola

Osun governor presents 119.5 billion budget for 2020

Gov. Gboyega Oyetola of Osun State on Thursday presented a N119.5 billion budget to the state House of Assembly for the 2020 fiscal year.
Former World Cup and Champions League-winning coach Marcello Lippi has announced his resignation as manager of the Chinese national team after a World Cup qualifying defeat to Syria.

World Cup winner Marcello Lippi resigns from China managerial role

Former World Cup and Champions League-winning coach Marcello Lippi has announced his resignation as manager of the Chinese national team after a World Cup qualifying defeat to Syria.