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Nigerian Stock Exchange NSE

Stock investors suffer N196 billion losses amid sell-off

Investors in the nation’s stock market lost N196bn on Monday as equities listed on the Nigerian Stock Exchange declined following the sudden postponement of the general elections.
A 1930 Packard 734 Speedster Runabout sits in front of a 1992 Porsche 964 Carrera RS at Christie’s New York during a press preview on February 8, 2019. – The Gooding & Company’s annual Amelia Island Auction is one of the most highly anticipated events of the year for automotive enthusiast and is to be held March 8, 2019. (Photo by TIMOTHY A. CLARY / AFP)

Porsche warns of Brexit price hike on UK cars

Porsche customers in the UK should brace for a price hike of up to 10 percent in case of a hard Brexit, the luxury German carmaker warned Monday.
Supporters of former 'comfort women' attend the funeral procession for former comfort woman Kim Bok-dong [Jeon Heon-kyun-EPA-EFE]

Japan demands apology from South Korea over remarks on emperor

Japan has lodged a complaint with Seoul and demanded an apology after a South Korean legislator said the Japanese emperor should apologise over the military's use of so-called "comfort women" during World War II.

MTN prepares for share sale of Jumia

African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about $1.5bn, according to people familiar with the matter.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Atiku Abubakar plans $25 billion fund to boost Nigeria’s economy

Alhaji Atiku Abubakar, the Peoples Democratic Party (PDP) presidential flag bearer is planning to set a $25 billion fund once elected in Nigeria, a report on Bloomberg has said.
(FILES) In this file photo taken on June 11, 2018 North Korea's leader Kim Jong Un (R) walks with US President Donald Trump (L) during a break in talks at their historic US-North Korea summit, at the Capella Hotel on Sentosa island in Singapore.US President Donald Trump has received a "very positive" letter from North Korean leader Kim Jong Un seeking a follow-up meeting after their historic summit in Singapore, the White House said on September 10, 2018. "It was a very warm, very positive letter," White House spokeswoman Sarah Sanders said, adding that the message showed Pyongyang's "continued commitment to focus on denuclearization" on the Korean Peninsula. / AFP PHOTO / SAUL LOEB

Vietnam ‘willing’ to host Trump-Kim summit – report

Vietnam’s premier has said his country is willing to host a much-anticipated second summit between US President Donald Trump and North Korean leader Kim Jong Un.
A motorcyclist rides past a campaign poster for Nigeria’s incumbent president and candidate to his re-election for the ruling All Progressives Congress (APC) President Muhammadu Buhari, and Vice-President Yemi Osinbajo, at Ilupeju in Lagos, on January 4, 2019. PHOTO: PIUS UTOMI EKPEI / AFP

Nigeria misses out on emerging-market rally as vote nears

Emerging-market assets may be enjoying a strong start to the year, but one country missing out on the rally is Nigeria.
A sign on the front of the Brown v. Board of Education National Historic Site in Topeka notifies visitors of the impact of the federal government shutdown. As the event continues into three weeks, multiple impacts are being felt, including the lack of important economic reports that keep people updated on economic conditions. [Chris Neal/The Capital-Journal]

US shutdown sends economy into uncharted waters

The US government shutdown on Saturday became the longest in history and is taking a growing bite out of the world’s largest economy with each passing day, economists say.
Butterfly

China lifts video game ban

China just lifted its ban on new video games after nearly a year of keeping games from getting released. Its regulatory arm approved 80 new games today, as first reported by Reuters. But curiously enough, none of them are from the country’s biggest gaming company, Tencent.
IMF First Deputy Managing Director David Lipton

IMF: ‘Storm clouds’ gathering over global economy

One of the International Monetary Fund’s top officials warned on Tuesday that `storm clouds’ were gathering over the global economy.

Oil hits $62 as OPEC, allies agree to cut production

The Organisation of Petroleum Exporting Countries (OPEC) and its allies agreed yesterday to cut oil production by 1.2 million barrels per day, owing to a record global crude glut and the need to halt the price slump.
china marriage ring

7, 400 women forced to marry in China

More than 7,400 women from Myanmar have been forced to marry Chinese men between 2013 and 2017, the authors of a new study said on Friday.
Tito Mboweni

South Africa exits recession ahead of 2019 polls

South Africa broke free of recession on Tuesday when it reported GDP growth of 2.2 per cent for the third quarter, the statistics authority said, marking a positive economic trajectory ahead of elections.
Xi Jinping and Donald Trump at their dinner in Buenos Aires. Kevin Lamarque-Reuters

US, China agree to trade war ceasefire, more talks

US President Donald Trump and China’s Xi Jinping agreed Saturday to suspend any new tariffs in the escalating trade war between the world’s two largest economies, even if huge existing duties will remain in place.
Nick O'Donohoe

UK DFI to invest $1.2 billion in Nigeria

CDC Group Plc, The United Kingdom’s (UK) development financing institution (DFI), says it may invest up to $1.2 billion in Nigeria in post-brexit drive.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN Group may lose more executives amid Nigerian crisis

MTN confirmed Fouladi’s departure, which was announced by Rotterdam-based KPN earlier this month. But Singh has declined to comment.

Slump in oil price threatens government’s economic forecast

The downward slide of crude price may hamper current economic prospects in the country, particularly if the development refuses to abate, oil and gas analysts have said.
CNN White House Jim Acosta

US media back CNN legal fight against White House

In a show of solidarity, major U.S. media outlets are backing the CNN’s legal fight against the White House for revoking the ‘hard pass’ of Jim Acosta.

Recent Stories

Bello Matawalle

PDP governorship candidate in Zamfara donates vehicle to journalists

Alhaji Bello Matawalle, the PDP governorship candidate in Zamfara, has donated a Peugeot 406 station wagon to the correspondents chapel of the Nigeria Union of Journalists (NUJ), in the state.

Ex-police commissioners to supervise elections in Ogun

Some former Commissioners of Police have been assigned to monitor the Presidential and National Assembly elections in Ogun State.

Election: We are ready for trouble makers in Kwara – Security agencies

Security agencies in Kwara State have said they are well prepared for any trouble maker who may want to disrupt today’s election in the state.

Ogun SSG involved in car crash, one dead

The Secretary to Ogun State Government, Mr Taiwo Adeoluwa, was Friday involved in an auto crash along the Abeokuta – Sagamu Road in which one person died.
Buhari Campaign Organisation BCO

BCO: Thuggery, ballot box snatchers have no place in credible democracy

Few hours to the presidential and National Assembly elections, Buhari Campaign Organisation (BCO) has said that thuggery and ballot snatchers have no place in a credible democracy.