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Workers are seen underground South Africa's Gold Fields South Deep mine in Westonaria, 45 kilometres south-west of Johannesburg, South Africa, March 9, 2017. REUTERS-Siphiwe Sibeko-File Photo

World’s gold miners wary of production ramp-up despite price surge

The world’s top gold miners are retrenching after COVID-19 related shutdowns despite record prices for the yellow metal, with cost-conscious executives prioritizing investor returns over production growth.
Apple’s stock hit a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world’s most valuable publicly listed company.

Apple overtakes Saudi Aramco as world’s most valuable public company

Apple’s stock hit a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world’s most valuable publicly listed company.
Nvidia has overtaken Intel for the first time as the most valuable U.S. chipmaker.

Nvidia overtakes Intel as most valuable U.S. chipmaker

Nvidia’s stock has been among Wall Street’s strongest performers in recent years as it expanded from its core personal computer chip business into datacenters, automobiles and artificial intelligence. Intel, which for decades has dominated in processors for PCs and servers, has struggled to diversify its business after making critical stumbles in the smartphone revolution.
A vendor poses as he counts Nigerian naira banknotes inside a shop in Idumota Market, in Lagos, Nigeria February 11, 2019. REUTERS-Nyancho NwaNri

Nigerian naira slides to 3-year low on black market after oil price crash

The Nigerian naira fell to its lowest level against the dollar in three years on the black market on Tuesday, traders said, a day after a historic oil price rout pushed U.S. crude futures below zero.
The last three weeks have marked one of the most devastating periods in history for the American job market, as first-time claims for unemployment benefits have surged more than 3,000 per cent since early March.

Report: 6.6 million Americans file for unemployment benefits

The last three weeks have marked one of the most devastating periods in history for the American job market, as first-time claims for unemployment benefits have surged more than 3,000 per cent since early March.
Ignace Sossou quoted on his Facebook and Twitter pages comments made by Benin’s public prosecutor Mario Metonou at a media event to discuss fake news on December 17.

Facebook’s stock hits record high, signaling recovery after extended historic slump

Shares of Facebook, which have been doggedly crawling their way back from a historic slump after lapses in users’ privacy sparked fears of lower profits, on Friday struck an intra-day record high for the first time in over a year.
FILE - Protesters attend a Human Rights Day march, organized by the Civil Human Rights Front, in Hong Kong, Dec. 8, 2019.

Reuters’ distributor blocked company’s Hong Kong protest news

As anti-government demonstrations engulfed Hong Kong in August, Reuters broke a sensitive story: Beijing had rejected a secret proposal by city leader Carrie Lam to meet several of the protesters' demands in a bid to defuse the unrest.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC’s share of Indian oil imports in October hits lowest since 2011

OPEC’s share of India’s oil imports fell to 73% in October, its lowest monthly share since at least 2011, tanker data from sources showed, as refiners shipped in fuel from the United States and other suppliers.
Brazil is home to about 60 percent of the Amazon rainforest, a vital bulwark against global climate change [Victor Moriyama-Getty Images]

Weak rainfall unlikely to extinguish Amazon fires – experts

Weak rainfall is unlikely to extinguish a record number of fires raging in Brazil’s Amazon anytime soon, with pockets of precipitation through Sept. 10 expected to bring only isolated relief, weather experts said.
China Gasoline

China exports gasoline to Mexico, Nigeria amid overflowing output

China will ramp up gasoline exports in July and August to near record levels with cargoes moving to Mexico and Nigeria as refiners seek outlets for their fuel amid a wave of new production and slowing domestic demand.

Zambia dollar bonds soar after president sacks finance minister

Zambia’s dollar-denominated government bonds jumped on Monday after the country’s president sacked Finance Minister Margaret Mwanakatwe and appointed central bank deputy governor Bwalya Ng’andu to replace her.

Oil prices hit 2019 highs after US ends Iran sanction waivers

Oil prices hit 2019 highs on Tuesday after Washington announced that all Iran sanction waivers would end by May, pressuring importers to stop buying from Tehran.

Oil slips away from 2019 highs as US supply undermines OPEC cuts

Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington’s sanctions on Iran and Venezuela.

Oil edges up as market eyes tighter supply

Oil prices edged up on Tuesday buoyed by expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC.

China’s industrial slowdown hits oil and gas trade

China’s thirst for oil and gas is set to wane this year, though in 2018 it posted a record intake for both crude oil and liquefied natural gas (LNG), cementing its status as the world’s largest oil and second-largest LNG importer.
People walk past an Apple store in Beijing on December 11, 2018. – Apple stores in China continued with business as usual on December 11, despite a Chinese court-ordered ban on iPhone sales that could hurt the US tech firm in one of its most crucial markets. (Photo by GREG BAKER / AFP)

Apple cuts revenue forecast on weak China sales

Apple Inc on Wednesday took the rare step of cutting its quarterly sales forecast, with Chief Executive Tim Cook blaming slowing iPhone sales in China, whose economy has been dragged down by uncertainty around U.S.-China trade relations.

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Governor Nasir El-Rufai has appointed new members of the management team and boards of some agencies, as part of continuous efforts to strengthen Kaduna State Government structures.

Kaduna to revive guidance, counselling unit in public schools

The Kaduna State Government said on Friday that it would revive guidance and counselling unit in public Secondary Schools in the state.
Akwa Ibom State Commissioner for Information and Strategy, Comrade Ini Ememobong, gave the charge Friday while playing host to the Executive members of the State branch of FIDA, during a courtesy call on him in the Conference room of the Ministry.

Akwa Ibom announces dates for resumption of schools

Akwa Ibom State Government has fixed September 21 2020 for the commencement of processes for the resumption of academic activities in the state-owned university, college of education and public primary schools.
Babagana Zulum, governor of Borno state, says he is critical of the Nigerian army so that they can improve in their fight against insurgency.

Governor Zulum: Boko Haram now recruits children in Borno

Governor Babagana Zulum of Borno State says Boko Haram insurgents have started recruiting children in the state due to the increase in unemployment.

Edo election: PDP Reps condemn ‘siege’ on opposition governors

The Peoples Democratic Party (PDP) caucus in the House of Representatives has condemned alleged siege on opposition governors by security agents in Benin City, the Edo State capital, ahead of Saturday’s gubernatorial election in the state.
Serge Gnabry hit a hat-trick as holders Bayern Munich romped to an historic 8-0 rout of Schalke on Friday in the opening game of the 2020-21 Bundesliga season behind closed doors.

Bayern thrash Schalke 8-0 in Bundesliga opener

Serge Gnabry hit a hat-trick as holders Bayern Munich romped to an historic 8-0 rout of Schalke on Friday in the opening game of the 2020/21 Bundesliga season behind closed doors.