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Showing posts from November 16, 2017

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 following investigations on death of 2 Nigerians in South Africa.

The Federal Government says it is following police investigations on the death of two Nigerians in South Africa. A statement from the Ministry of Foreign Affairs in Abuja on Wednesday, signed by the Spokesperson, Mr Tope Elias-Fatile, said their death occurred in two separate incidents. “The mission informs that the first incident involved Mr Ikechukwu Mmanwoke Edmond, an indigene of Anambra State, who was murdered in front of his home in Marvern, a suburb of Johannesburg.   “The second incident involved Mr Eluka Agu, who was beaten to death during a robbery alongside some unidentified persons in Olievenhoutbosch, Centurion, near Pretoria. “The Federal Government wishes to assure that the Consulate-General of Nigeria in Johannesburg has been following Police investigations on the sad development. The government further commiserated with families of the deceased. “Meanwhile, our missions in South Africa would c
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2018 budget will deepen poverty in Nigeria, says Health Foundation.

An international organisation, Guaranteed Healthcare Foundation (GHCF), has raised alarm over the 2018 budget estimate presented to the National Assembly by President Muhammadu Buhari on Tuesday, saying it would inflict untold hardship on the citizenry. GHCF Executive Director, Dr Dayo Adeyanju, said this yesterday while reacting to the budget in Akure, stressing that the FG is poised to foster more burdens on the Nigerian populace with the N71.11 billion capital expenditure earmarked for the health sector. In the appropriation bill estimated at N8.612 trillion, health got a capital expenditure of N71.11 billion while the Ministry of Power, Works and Housing got N555.58 billion to be the highest and followed by transportation with the estimate of N263.10 billion. Adeyanju, who is a public health expert, decried the attitude of the FG and decline in the percentage given to the health sector in the budget estimate, stressing that it would continue to jeopardize the condi
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Serena Williams set to tie the knot in New Orleans.

Tennis superstar Serena Williams is used to hoisting trophies, but on Thursday, it looks like she’ll be carrying a wedding bouquet. Music royalty Beyonce and Jay Z, along with actress Eva Longoria are among the A-listers reportedly convening in New Orleans for Williams’ wedding to Reddit co-founder Alexis Ohanian. People and The Daily Mail, citing unnamed sources, have reported that about 250 guests will be invited to the ceremony at the Contemporary Arts Center in the Big Easy.   The Daily Mail said the wedding planning has been shrouded in secrecy and guests would not learn the details until Thursday morning. It said the event would cost more than $1 million and guests would be asked not to bring their cell phones because an exclusive photo deal has been signed with Vogue. Williams, 36, a 23-time Grand Slam champion, and Ohanian, 34, welcomed their first child, daughter Alexis Olympia, on September 1.
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Rohr praises Uzoho, Idowu for ‘fantastic’ debuts.

 Sampaoli blames wastefulness for Argentina’s defeat Super Eagles’ Coach, Gernot Rohr has singled out the duo of goalkeeper Francis Odinaka Uzoho and Brian Idowu for special praise in Nigeria’s 4-2 win over Argentina in a pre-World Cup friendly. Speaking after the game, Rohr, who handed debut to the duo, rated them as two players, who really impressed him during the match, which saw Nigeria recovering from two goals down to win 4-2. Idowu scored on his debut after coming on for Ola Aina, while Uzoho ensured Nigeria didn’t concede again when he replaced Akpeyi, who conceded both goals. “Brian is a newcomer in the team, but he’s not the only one. We have three new players, and I would like to highlight our 19-year-old goalkeeper Uzoho. He played well. Such matches are specially designed so that we can assess new players in the team. We have three players who have a special relationship with Russia. “We have Ahmed Musa and the captain (Mikel Obi) of the team. He has a c
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Three feared dead as train derails in Lagos.

t hree persons are feared dead at Abbatoir area of Agege,  Lagos when a train derailed this morning. Lagos State police spokesman, Olarinde Famous-Cole who confirmed the incident noted that the train rammed into a trailer, injuring many and leaving three of the victims feared dead. “We just got the information. Our policemen and those attached to the railway command are in control of the situation,” Famous- Cole said. “We shall be able to furnish you with details later please.”
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Mugabe resisting army pressure to quit.

President Robert Mugabe is insisting he remains Zimbabwe’s only legitimate ruler, an intelligence source said on Thursday. The source said Mugabe is resisting mediation by a Catholic priest to allow the 93-year-old former guerrilla a graceful exit after a military coup. The priest, Fidelis Mukonori, is acting as a middle-man between Mugabe and the generals, who seized power on Wednesday in a targeted operation against “criminals” in his entourage, a senior political source told Reuters. The source could not provide details of the talks, which appear to be aimed at a smooth and bloodless transition after the departure of Mugabe, who has led Zimbabwe since independence in 1980. Mugabe, still seen by many Africans as a liberation hero, is reviled in the West as a despot whose disastrous handling of the economy and willingness to resort to violence to maintain power destroyed one of Africa’s most promising states. Zimbabwean intelligence reports seen by Reuters sugges
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The Guardian’s Toke Alex-Ibru named Man of the Year.

The Executive Director of Guardian Newspapers Limited, Toke Alex-Ibru, was on Tuesday announced the 2017 Man of the Year at the EbonyLife TV Sisterhood Awards organised by EbonyLife Television in partnership with Women in Management, Business and Public Service (WIMBIZ). Alex-Ibru emerged winner from a final list of three nominees, including Africa’s richest man Aliko Dangote and Pastor Sam Adeyemi of the Daystar Christian Centre. Alex-Ibru was recognised for his work with Guardian Woman, an eight-page weekly insert in The Guardian on Saturday. At a time when the Nigerian media dedicated little space to talking about women-specific issues, Mr. Alex-Ibru introduced Guardian Woman to not only give voice to Nigerian women, but to also celebrate their achievements and shed light on issues specific to them. Started on The Guardian website in the last quarter of 2015 with Tonye Bakare as its pioneer editor, Guardian Woman rapidly grew from just a two-page section of The Gu
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