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Vice President Yemi Osinbajo

Yemi Osinbajo: Nigeria now world food basket

Vice President Yemi Osinbajo yesterday told Nigerian-German investors that Nigeria is now a food basket of the world with huge investment potentials.
Malaysian Airlines flight 370 - Aeroplane - Getty Images

IATA: Global airlines share price fall by 10 percent

The International Air Transport Association (IATA) has reported a 10.1 per cent drop in global airlines’ share price for the month of October 2018.

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.

Dangote Cement, Nestle lead losers’ chart on NSE

Key equities on the Nigerian Stock Exchange (NSE) on Wednesday sustained days of losses with Dangote Cement dropping N13 to close at N210 per share.

Stock market year-to-date decline worsens to 7.4 percent on weak investor appetite

The year-to-date decline of the Nigerian Stock Exchange (NSE) All-Share Index worsened to 7.4 per cent yesterday as the stock market maintained a downward trend.

Naira stable at N358 to dollar

The Naira on Monday remained stable at the parallel market in Lagos exchanging at N358 to the dollar.

Low forex inflow weakens Naira at I&E window

The value of the naira at the Nigeria Autonomus Foreign Exchange (NAFEX) market weakened last week compared to what it closed the previous week as inflow from the window dropped to $796.02 million.
Lt Gen Hun Manet at a military exercise. KT-Chor Sokunthea

Cambodian premier’s son gets military roles amid human rights concerns

The son of Cambodia's long-serving leader was promoted to two senior military posts on Saturday as his father looks to tighten his family's grip on the country's leadership.

Naira hedges against dollar at parallel market

The naira on Wednesday exchanged at N359.80 to the dollar at the parallel market in Lagos gaining 20 kobo from N360 exchanged on Tuesday.

MAN: Utilisation of local raw materials hits 63% in 2017

The Manufacturers Association of Nigeria (MAN) said utilisation of local raw materials in the country has steadily increased over the past three years, hitting 63.21 percent in 2017, due to increasing government support for backward integration.

Chinese investor is oldest goal-scorer at nearly 45

A senior club official buried a penalty just weeks short of his 45th birthday to become the oldest goal-scorer in Chinese professional football history, media reports said.

Hong Kong stocks close down more than five percent

Hong Kong stocks crumbled more than five percent on Tuesday, making it one of the worst performers on a painful day for Asian markets after a record-breaking collapse on Wall Street fuelled by concerns over rising US interest rates.

South Korea banks open cryptocurrency accounts

Six banks in South Korea are said to have begun offering cryptocurrency services to clients as the virtual currency gains more global recognition.

Naira appreciates to N360.31 at investor, exporter window

The naira, yesterday, appreciated to N360.31 per dollar in the Investor and Exporter (I&E) window, while the volume of dollars traded dropped by 7 per cent.

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Azali Assoumani

Senior Comoros opposition figures handed life sentences

The security court in Comoros has handed down life sentences with hard labour to four senior opposition figures and lengthy jail terms to several others for plotting against the state.
Members of Parliamentary Staff Association of Nigeria are currently picketing the Senate and House of Representatives chambers at the National Assembly.-4

Protesting workers shut down National Assembly

Workers of National Assembly have commenced the four-day warning industrial action with a threat to put off power supply.

Air Peace speaks on aircraft involved in Lagos–Enugu flight incident

Air Peace on Monday said it recently renewed the Certificate of Airworthiness (C of A) of its aircraft involved on the Dec. 14 Lagos-Enugu flight incident.

Gunmen shoot two dead in Bayelsa

Two persons, on Sunday, were shot dead along Onuebum-Otuogori road in Ogbia council area of Bayelsa State.

Presidency: Muhammadu Buhari has asked NBS to correct statistics on unemployment rate

President Muhammadu Buhari has ordered the Statistician-General of the National Bureau of Statistics, Dr. Yemi Kale, to correct the high unemployment statistics and reflect the rising rate of employment in the agriculture sector.