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...
Commercial and business activities were this morning shut down in Akure, the capital city of Ondo state.
The Akure Kingdom is reportedly celebrating the Igogo festival. Earlier in the previous day, messages in the social media and SMS have been circulated in the town preparatory to this morning lockdown.
It read, "Be informed that Arakale and Oba Adesida Oda Roads shall be closed tomorrow Thursday 19th October between 6:00AM to 12 noon because of a notable Masquerade ('Igogo') that will be paraded. Considering the nature of the said Masquerade, everyone is expected to stay at home as the period lasts. Thanks for your understanding. Pls inform others".
At about 9:00 AM today, a mammoth crowd led by several ceremoniously decorated masquerades were seen proceeding from the paramount ruler's palace, the Deji of Akure.
Commercial and private vehicles made a u-turn in a bid to avoid the invading traditionalists. Businesses hurriedly closed shops, as commercial banks in the ever busy Arakale and Oba Adesida followed suit.
Stranded commuters could be seen making their ways through the rowdy crowd to get to their destinations.
The Akure Kingdom is reportedly celebrating the Igogo festival. Earlier in the previous day, messages in the social media and SMS have been circulated in the town preparatory to this morning lockdown.
It read, "Be informed that Arakale and Oba Adesida Oda Roads shall be closed tomorrow Thursday 19th October between 6:00AM to 12 noon because of a notable Masquerade ('Igogo') that will be paraded. Considering the nature of the said Masquerade, everyone is expected to stay at home as the period lasts. Thanks for your understanding. Pls inform others".
At about 9:00 AM today, a mammoth crowd led by several ceremoniously decorated masquerades were seen proceeding from the paramount ruler's palace, the Deji of Akure.
Commercial and private vehicles made a u-turn in a bid to avoid the invading traditionalists. Businesses hurriedly closed shops, as commercial banks in the ever busy Arakale and Oba Adesida followed suit.
Stranded commuters could be seen making their ways through the rowdy crowd to get to their destinations.
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