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Donald Trump and Xi Jinping

Markets rally after Donald Trump and Xi Jinping agree to resume talks

Stock markets have rallied after the US and China agreed to restart trade talks, easing fears over the escalation of a damaging dispute between the world's two biggest economies.

Bloomberg: General TY Danjuma worth $1.2 billion, owns international hotels

The United States-based financial data media house, Bloomberg, says a former Minister of Defence, Lt.Gen Theophilus Danjuma (retd.), is worth an estimated $1.2bn (N432bn). This is the first time Danjuma’s net worth would be made public.
Dollar

Dollar heads toward three-month low

The dollar weakened against its rivals on Tuesday, heading back toward a recent three-month low before a U.S. Central Bank meeting gets underway with expectations growing the Fed will signal its first rate cut in a decade.
John Glen

Minister: Britain must do everything to keep finance competitive after Brexit

Britain’s Government is committed to doing whatever it can to keep its financial sector globally competitive after Brexit, Financial Services Minister, John Glen, said on Tuesday.

Airtel Africa eyes London stock market listing

Airtel Africa Ltd, a subsidiary of India’s Bharti Airtel Ltd, said on Tuesday it was considering a stock market flotation in London to reduce existing debt.
Islamic Development Bank (IsDB) has started marketing a five-year dollar sukuk, or Islamic bond, a document issued by one of the banks showed.

Islamic Development Bank starts marketing 5-year-dollar sukuk

Islamic Development Bank (IsDB) has started marketing a five-year dollar sukuk, or Islamic bond, a document issued by one of the banks showed.

Misery Index: Nigeria not a miserable country

In a report titled: “The Misery Index 2018,” authored by Dr. Steve Hanke of the Johns Hopkins University in Baltimore, Maryland, Nigerians have been labelled the sixth most miserable people in the world. The misery index was introduced in the 1970s by Arthur Okun, an American economist, author of the seminal work, Equality and Efficiency: The Big Trade Off (1975).
Secretary-General of OPEC, Mr. Mohammed Barkindo

WEF: Oil industry considers options to combat climate change, investors’ pressure

When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics – climate change and pressure from investors.

Oil prices gain on OPEC’s cut deal

Oil prices climbed by one per cent yesterday following supply cuts led by Organization of Petroleum Exporting Countries (OPEC) and Russia, although a darkening economic outlook capped gains.
Atiku Abubakar

Atiku Abubakar asks Muhammadu Buhari to resign over comment on economy

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), on Sunday, asked President Muhammadu Buhari to resign over his Friday’s comment that Nigeria’s economy was in a bad shape.
Festus Keyamo, the spokesman of the Muhammdu Buhari Campaign Organisation, says HSBC was in Nigeria to take funds out for money launderers.

Festus Keyamo: HSBC was in Nigeria to take funds out for money launderers

Festus Keyamo, the spokesman of the Muhammdu Buhari Campaign Organisation, says HSBC was in Nigeria to take funds out for money launderers.
Atiku Abubakar

Minimum wage: Muhammadu Buhari’s government not reliable – Atiku Abubakar

Following the denial by the presidency to pay the N30,000 minimum wage, the presidential candidate of Peoples Democratic Party (PDP), Atiku Abubakar, yesterday came down hard on President Muhammadu Buhari’s government, saying a government that is not reliable, nothing else about it can be stable.
Former Nigerian vice-President Atiku Abubakar (R) is congratulated by runners-up Sokoto State Governor Aminu Tambuwal (L) and Senate President Bukola Saraki (C) after winning the presidential ticket of the opposition People's Democratic Party (PDP) during the party's national convention in Port Harcourt, Rivers State on October 7, 2018. Nigeria's main opposition Peoples Democratic Party (PDP) has picked Abubakar to challenge President Muhammadu Buhari who is seeking a second term in presidential polls scheduled for February 2019. PIUS UTOMI EKPEI / AFP

Minimum wage: Denial characteristic of Muhammadu Buhari administration – Atiku Abubakar

The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has said President Muhammadu Buhari and his deputy, Prof. Yemi Osinbajo (SAN), are feeding at public expense.
Atiku Abubakar

Atiku Abubakar: It is sad that two global banking giants are leaving Nigeria

Former Vice President and Presidential candidate of the Peoples Democratic Party, PDP, on Saturday said it was very sad that two global banking giants were leaving Nigeria as a result of bad economy.

HSBC, UBS shut down offices in Nigeria

The Central Bank of Nigeria on Friday said two foreign banks, HSBC and UBS, have closed their offices in Nigeria.

CBN: Foreign investment falls by $500 million in 2018 Q1

Global banking giants, HSBC Bank and UBS Group, have closed their offices in Nigeria, the Central Bank of Nigeria (CBN) said yesterday, while also noting that foreign investment had fallen sharply from a year ago.
Saudi Arabia has brushed off an outcry over the killing of journalist Jamal Khashoggi and went ahead with an investment conference boycotted by Western political figures, leading international bankers and A-list executives. AP

Saudi investment forum opens under Khashoggi shadow

Saudi Arabia has brushed off an outcry over the killing of journalist Jamal Khashoggi and went ahead with an investment conference boycotted by Western political figures, leading international bankers and A-list executives.
Saudi Crown Prince Mohammed bin Salman

Saudi to host ‘Davos in desert’ despite outcry over slain Jamal Khashoggi

Saudi Arabia will host a key investment summit tomorrow, overshadowed by the killing of critic Jamal Khashoggi that has prompted a wave of policymakers and corporate giants to withdraw.

Recent Stories

The Buhari Media Organisation (BMO) has advised former Vice President Atiku Abubakar and the Peoples’ Democratic Party (PDP) presidential candidate in the Feb. 23 election to come to terms with his loss at the election.

Tribunal: Witness faults results of presidential election claimed by Atiku Ababakar, PDP

A witness invited by the petitioners before the Presidential Election Petition Tribunal (PEPT) has disagreed with the results of the last presidential election in Katsina State as claimed by the Peoples Democratic Party (PDP) and its candidate in the last presidential election, Atiku Abubakar.
Barcelona have agreed to sell left-back Marc Cucurella to Getafe just a day after they brought him back from Eibar.

Barcelona sell Marc Cucurella to Getafe just hours after re-signing him from Eibar

Barcelona have agreed to sell left-back Marc Cucurella to Getafe just a day after they brought him back from Eibar.
Nasir El-Rufai

Governor El-Rufai seeks assembly’s approval of N81.68 billion supplementary budget

The Kaduna State House of Assembly has began deliberations on the N81.68 billion supplementary budget forwarded to it by Gov. Nasiru El-Rufai.

Operation Lafiya Dole gets new commander as Naf redeploys senior officers in fresh shakeup

The Nigerian Air Force (NAF) has appointed new Branch Chiefs, redeployed two Air Officers Commanding (AOCs) and other senior officers.

Joaquin ‘El Chapo’ Guzman sentenced to life in prison

The Mexican drug kingpin Joaquin “El Chapo” Guzman has been sentenced to life behind bars in a U.S. prison, a humbling end for a drug lord once notorious for his ability to kill, bribe or tunnel his way out of trouble.