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World markets dive as Trump sparks trade, North Korea worries

Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain
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FG appoints 13-member governing board for FERMA, MD NEMSA.

President Muhammadu Buhari has approved the appointment of a 13-member Governing Board for the Federal Roads Maintenance Agency (FERMA) and the Managing Director of the Nigeria Electricity Management Service Agency (NEMSA).

Mohammed Nakorji, Assistant Director press in the Office of the Secretary to the Government of the Federation (OSGF) disclosed this in a statement on Friday in Abuja.
He stated that the members of the FERMA board are Mr Tunde Lemo​​​​​-​Chairman, Mr Nurudeen Rafindadi​, Mr Buba Silas Abdullahi​​​, Mr Babagana Mohammad Aji​​​​ and Mr Shehu Udman Abdullahi​​​.
He said that others are Loretta Ngozichukwu Aniagolu, Mujaidu Stanley Dako​​​​, Vincent Oladapo Kolawole​​​​, Chukwunwike Uzo​​
Mrs Olubunmi Siyanbola and Alhaji Abdulrazak Ma’aji​​​​.
He also mentioned Alhaji Saidu Abdulkadir​​​ and Peter Osawe​​​​​ as members of the board.
Nakorji stressed that the appointment of the FERMA board was subject to the confirmation of the Senate.
He added that the President also approved the re-appointment of Mr Peter Ewesor as the Managing Director of NEMSA for a final term of four years in accordance with the provisions of Section 7(3) of Agency’s Act 2015.
He explained that the re-appointment of the NEMSA boss was with effect from Oct. 3

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World markets dive as Trump sparks trade, North Korea worries

Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain
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