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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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Former CBN deputy governor declares for Nigerian presidency.

A former deputy governor of Nigeria’s central bank and former senior UN official Wednesday announced his intention to contest the Nigerian presidency in 2019.
Kingsley Moghalu said he was moved to contest because of the “successive leadership failures of our civilian political class.”
“With love for our country and a fierce commitment to a vision of rapid progress for our more than 180 million citizens, and following wide-ranging consultations, I offer myself to serve you as President of the Federal Republic of Nigeria as from May 29, 2019,” Moghalu said at a press conference in Abuja.
He did not state on which party’s platform he will be standing for election.
However, Moghalu presented himself as an anti-elitist candidate ready to dispense with the status quo, which he said has stagnated the country.
 
Read More: Ex-CBN chief, Moghalu to run for presidency
He said: “We must refuse to allow the political elite to continue to intimidate us with the idea that no one can displace them. They boast they will outspend us and more.
“But we say to them: Nigerians will not be taken for a ride yet again.”
As the deputy governor of the Central Bank of Nigeria from 2009 to 2014, Moghalu led the execution of extensive reforms in the country’s banking system after the global financial crisis.
He also served as the chairperson of the board of directors of the Nigerian-Export-Import Bank (NEXIM) and the Financial Institutions Training Centre. He was also a member of the boards of directors of the Central Bank of Nigeria, the Securities and Exchange Commission of Nigeria, the Asset Management Corporation of Nigeria, and the global Alliance for Financial Inclusion (AFI).

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