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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...

Take Linux and Run With It.

"How do you run an operating system?" may seem like a simple question, since most of us are accustomed to turning on our computers and seeing our system spin up. However, this common model is only one way of running an operating system. As one of Linux's greatest strengths is versatility, Linux offers the most methods and environments for running it. To unleash the full power of Linux, and maybe even find a use for it you hadn't thought of, consider some less conventional ways of running it -- specifically, ones that don't even require installation on a computer's hard drive. We'll Do It Live! Live-booting is a surprisingly useful and popular way to get the full Linux experience on the fly. While hard drives are where OSes reside most of the time, they actually can be installed to most major storage media, including CDs, DVDs and USB flash drives. When an OS is installed to some device other than a computer's onboard hard drive and subs...

NSE market indices drop by 1.18%, amid profit taking.

Transactions on the Nigerian Stock Exchange (NSE) opened for the week on Monday in red as market indices, turnover and value traded dropped massively due to profit taking. The News Agency of Nigeria (NAN) reports that the market capitalization, which opened at N13.678 trillion shed N162 billion or 1.18 per cent to close at N13.516 trillion. In the same vein, the All-Share Index dipped 455.41 points or 1.18 per cent to close at 37,980.67 compared to 38,436.08 achieved on Friday. NAN reports that Dangote Cement recorded the highest price loss, declining by N9.99 to close at N230.01 per share. It was followed by International Breweries with N2.74 to close at N52.10, while Eterna Oil was down by 10k to close at N4.10 per share. Stanbic IBTC dropped by 8k to close at N40.92, while Caverton depreciated by 6k to close at N1.31 per share. Conversely, Presco recorded the highest gain to lead the gainers’ chart with N5.83 to close at N72 per share. Dangote Sugar foll...

FMB approves N360m loan for 451 civil servants in Adamawa.

The Federal Mortgage Bank of Nigeria (FMBN) has approved N360 million loan for 451 civil servants of Adamawa, an official has said. Mrs Rahimatu Aliyu, Executive Director, Loans and Mortgage Services of the bank, disclosed this in Yola on Monday at the presentation of cheques to beneficiaries of the FMBN Home Renovation Loan in Adamawa. Aliyu said that the gesture was in line with one of the cardinal agenda of President Muhammadu Buhari’s administration which was the provision of housing. She said that the bank had so far disbursed N4.7 billion to 6,000 beneficiaries across the country. The director said that the bank had funded two estate development projects in the state. According to her, ”we have so far funded 400 houses in Wauru Jabbe in Jimeta and another 88 houses at Konan Waya on Ngurore-Yola road of the state. The executive director said that all the projects were aimed at providing affordable housing for Nigerian workers. Aliyu commended the commitmen...

Salah, Mane make African Footballer of the Year shortlist, This is Unfair to Moses.

The Confederation of African Football announced the top three finalists for the award of the African Player of the Year. Egypt’s Mohamed Salah and his Liverpool team-mate Sadio Mane made the list, completed by Gabonese star forward Pierre-Emerick Aubameyang. Nigeria’s Victor Moses didn’t make the final shortlist. The Chelsea wing-back was part of the 11 nominees that were shortlisted for the award in November. Salah remains the favourite to win the award after he emerged the 2017 BBC African Footballer of the year. Super Eagles Coach, Gernot Rohr was in the final shortlist for the Coach of the year award after his brilliant year with the Nigerian Men’s National team. The Franco-German will vie for the prize with Egypt Men’s national team coach, Hector Cuper and CAF Champions League winning coach L’Hussein Amoutta. Asisat Oshoala could make it a third African Women’s Footballer of the Year, after she was announced in final, shortlist for her category. The Awards Gal...

Escoba Smith Buries His Father In Umuahia, Money Rains At The Event. Photos.

It was money rain at the burial of the father of Nigerian big boy and CEO of Muccon Resources Ltd, Escoba Smith over the weekend in Umuahia, Abia state. The burial ceremony pulled a massive crowd in the community as friends, colleagues, family members and others graced the colorful event. The Turkey-based flamboyant man, Escoba shared pictures from the burial event on his social media page. 

Billionaire Pinera to return as Chile’s president.

Billionaire Sebastian Pinera will return to power as Chile’s president next year, according to virtually complete results from a runoff election held Sunday. Electoral authorities said the 68-year-old conservative, who previously led the South American nation from 2010-2014, had 55 percent of the vote, with 98 percent of ballots counted. His leftist rival Alejandro Guillier, a 64-year-old TV presenter turned senator who ran as an independent backed by outgoing center-left President Michelle Bachelet, conceded after receiving 45 percent. “We have suffered a tough defeat,” Guillier said. He called for the opposition to “defend” reforms started under Bachelet. He said Pinera walked away with “a solid and impeccable triumph.” Pinera will lead the country — the world’s top copper producer — for four years starting in March 2018. He will once again take over from Bachelet, who was barred by the constitution from running for re-election. Bachelet and Pinera have tag-t...

Rangers’ Manager, Owunmi says satisfied with 2017/2018 NPFL fixtures.

Davison Owumi, General Manager of Rangers International FC of Enugu has expressed satisfaction with the club’s first match of the 2017/2018 Nigeria Professional Football League (NPFL) against Akwa United FC. Owumi told the News Agency of Nigeria (NAN) in Enugu on Monday that the draw was a “fantastic one’’. “This is a great draw. We are confident of doing well when the season starts. I am very optimistic of Rangers gaining a ticket to feature on the continent once again,’’ he said. He said that Rangers would do everything within their power to start the league on a good note with a favourable result in the away match against Akwa United. “Our Match Day 2 is against Lobi Stars of Makurdi in Enugu; the Match Day 3 is an oriental derby against league returnee, Heartland FC in Owerri and it will be a match to watch. “Match Day 4 will be against Katsina United, while for Match Day 5, Rangers will host Rivers United of Port Harcourt. “In all these matches mentioned...