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Russia begins delivery of S-400 missile defence system to Turkey

Russia delivers missile defence system to Turkey, in test of NATO

Russia began delivery of an advanced missile defense system to Turkey on Friday, a move expected to trigger U.S. sanctions against a NATO ally and drive a wedge into the heart of the Western military alliance.
Nigerian Stock Exchange NSE

Investors lose N265 billion as stock market falls further

Investors in the equities market of the Nigerian Stock Exchange saw the value of their investments decline by N265bn on Thursday.
Mary Uduk

SEC urges defunct Skye bank investors to claim dividends

The Securities and Exchange Commission, SEC, has again reiterated its earlier directives to shareholders of defunct Skye bank to claim their dividend payment.
A young Zimbabwean boy does his homework under a candle light in Harare. (Jekesai Njikizana-AFP)

Night work: Power cuts add to Zimbabwe’s mounting woes

Zimbabwe's worsening electricity shortages mean power is often only available for a few hours in the middle of the night - forcing furniture maker Richard Benhura to start work at 23:00.

Naira closes at N359.5 per dollar at parallel market in Lagos

The Naira on Tuesday closed at N359.5 to a dollar at the parallel market in Lagos, newsmen reports.

Central bank: External reserves stand at $45 billion as at June

The Central Bank of Nigeria (CBN) says the country’s external reserves now stand at 45 billion dollars as at June, 2019.
An employee shows US dollar banknotes at a foreign currency brokerage office in Khartoum on October 7, 2018. - Sudan slashed the official value of its currency against the US dollar by more than half on October 7, the third devaluation this year in the face of a mounting economic crisis. (Photo by ASHRAF SHAZLY / AFP)

Dollar struggles after biggest weekly drop in four months

The dollar was on the back foot on Monday after sustaining its biggest weekly drop in four months last week as traders remained cautious about the prospects of trade talks between the United States and China at this week’s G20 summit.
Okezie Ikpeazu

Governor Ikpeazu: We’ll create 700,000 new jobs to address insecurity in Abia

Governor Okezie Ikpeazu of Abia has said that 700,000 new jobs would be created in the state in the next 10 years as part of deliberate efforts to address the challenges of insecurity and socio-economic unrest.
The second largest telecommunications group in Africa, Airtel Africa Plc, is set to sell its shares to Nigerian investors at between N363 and N454 per share.

Airtel Africa wants to sell shares to Nigerians

The second largest telecommunications group in Africa, Airtel Africa Plc, is set to sell its shares to Nigerian investors at between N363 and N454 per share.
FG has described former President Olusegun Obasanjo’s comments imputing ethno-religious motive to Boko Haram and ISWAP as deeply offensive and patently divisive, saying such indiscreet comments are far below the status of an elder statesman.

Ex-President Obasanjo: Nepotism is corruption

Former President Olusegun Obasanjo has lamented that nepotism in Nigeria is obstructing the fight against corruption.
Nigerian High Commissioner to Ghana, Olufemi Abikoye, has expressed the Commission’s readiness to collaborate with Ghana Economic and Organized Crime Office, EOCO, on issues related to money laundering and cyber-crimes.

Nigerian envoy slams Ghanaian media for demonising Nigeria

The High Commission of Nigeria in Ghana has denounced the selective malignment of Nigerians resident in that country by the media.

Benue to rehabilitate rural roads or easy transportation of agricultural produce

Benue State government said it has completed modalities for the development and rehabilitation of 500 kilometers of rural roads across the state.

Central bank quashes talk of change to exchange rate policy

Nigeria’s central bank said it made no change to its naira policies, after a revision on its website led some analysts to speculate that it was ending a system of multiple exchange rates.
Nigerian Stock Exchange NSE

Stock market investors lose N533 billion in seven days

Investors in the nation’s stock market lost N533bn in the last seven trading sessions as bearish sentiment persisted in the market.

Police deny siege by herdsmen in Ogun

The Ogun State Police Command on Wednesday said the state was safe for residents, visitors and investors, adding that nobody could put it under siege.

Oando saga: Operators seek federal government intervention, laud SEC’s audit outcome

Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc.
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 Nigeria arranging naira funding as it prepares for listing

MTN Nigeria is arranging local currency financing, the telecoms company said in presentation to investors as part of its stock market listing.
Babajide Sanwo-Olu

Babajide Sanwo-olu’s administration tasked on rural development

Concerned Nation Builders Initiative (CNI), an NGO, has urged the incoming administration of Lagos state, under the leadership of Babajide Sanwoolu, the Governor-elect, to take rural development as top priority.

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Azman Air

Security breach: FAAN suspends aviation security unit heads in Lagos

Federal Airports Authority of Nigeria (FAAN) has suspended indefinitely, the Aviation Security Unit Heads who were on duty when an unidentified man climbed an Azman aircraft at Lagos airport on Friday morning.
Ogun state governor Prince Dapo Abiodun has tweeted his real official portrait, as against the image that is being circulated by street traders in Abeokuta, the capital.

Governor Abiodun vows to reposition state university teaching hospital

The Governor of Ogun State governor, Prince Dapo Abiodun, has expressed the determination of his administration to reposition the Olabisi Onabanjo University Teaching Hospital to a world class medical facility.
Reigning Commonwealth champion, Nigeria’s Odunayo Adekuoroye has set a gold medal target for herself at both the Tokyo 2020 Olympic Games and next month’s Africa Games billed for next month in Morocco.

Odunayo Adekuoroye targets Africa Games, 2020 Olympic gold

Reigning Commonwealth champion, Nigeria’s Odunayo Adekuoroye has set a gold medal target for herself at both the Tokyo 2020 Olympic Games and next month’s Africa Games billed for next month in Morocco.
Transporters plying the Elele-Omudioga- Omoku route and its environs led by the Rivers State chapter of National Union Road Transport Workers on Thursday embarked on peaceful protest over incessant robbery attacks, kidnapping of commuters and the attendant loss of lives and property.

Transporters protest incessant killings on Rivers highway

Transporters plying the Elele-Omudioga-Omoku route and its environs led by the Rivers State chapter of National Union Road Transport Workers on Thursday embarked on peaceful protest over incessant robbery attacks, kidnapping of commuters and the attendant loss of lives and property.
Zlatan Ibrahimovic continues to light up Major League Soccer, and is closing in on a historic mark as he nears a full-season worth of matches for the LA Galaxy.

Zlatan Ibrahimovic nets hat trick in upset win over LAFC

Zlatan Ibrahimovic lived up to the bravado on Friday, scoring all three goals to power the LA Galaxy to a hard fought 3-2 victory over MLS rivals Los Angeles Football Club.