Politics

PZ Cusson, Cadbury gains buoy equities capitalisation by N58bn

Gains by PZ Cusson Nigeria Plc and Cadbury Nigeria Plc among other companies that appreciated in price today buoyed the equities capitalisation by N58 billion. Nigerian Stock Exchange NSE Analysis of activities in the stock market showed that the market capitalisation rose to N15.126 trillion from N15.068 trillion, representing 0.4 percent increase after 18 equities rose. Similarly, the All Share Index, ASI, appreciated by 0.4 percent to settle at 42,148.40 points from 41,987.74 points yesterday. PZ Cusson, which led the pack, appreciated by five percent to close at N24.15 from N23.00, followed by Cadbury Nigeria Plc with 4.97 percent increase to close at N15.85 from N15.10. Livestock Feeds Plc ranked third on the top five gainers list, rising by 4.76 percent to close ...

Petrol crisis: NNPC imports $5.8bn worth of PMS

The Nigerian National Petroleum Corporation (NNPC) said it spent about 5.8 billion dollars to import Premium Motor Spirit (PMS) popularly known as petrol to combat fuel crisis that resurfaced since late last year. Group Managing Director of the NNPC, Dr Maikanti Baru In a statement signed by Mr Ndu Ughamadu, the Group General Manager, Group Public Affairs unit in Abuja, on Tuesday, it said the PMS was equivalent of 9.8 million metric tons. According to the statement, the Group Managing Director of the corporation, Dr. Maikant iBaru, disclosed this during a public hearing by the Senate Committee on Public Accounts at the National Assembly in Abuja. Represented by the Chief Operating Officer, Finance and Accounts, Mr. AbdulrazaqIsiaka, he said that the corporation carrie...

Latvia Signals Russia May Be Interfering in Banking Crisis

The banking crisis engulfing the tiny nation of Latvia has turned into a potential diplomatic incident, as Riga points the finger at Moscow.  “There is a high probability that an externally organized widespread information operation is being carried out that, by its structure and execution, is identical to those observed in pre-election periods in the U.S., France and Germany,” Latvia’s Defense Ministry said in an emailed statement on Tuesday. The Latvian accusation is the latest twist in a scandal that’s transfixed the European Union and NATO member nation of 2 million inhabitants that abuts Russia. A regional banking hub, Latvia has long faced questions over its enforcement of money-laundering rules, concerns that escalated when central bank Governor Ilmars Rimsevics was detained over th...

Zamfara killings: Group urges govt. to assist affected communities

The Coalition of Northern Groups (CNG), has called for census of all the communities affected by recent killings by bandits and cattle rustlers in the state with a view of assisting survivors. Zamfara killings Newsmen report that unknown gunmen had last Thursday attacked Birane village in Zurmi local government area of the state, killed over 30 people and injured many others. Speaking at a press conference in Gusau on Tuesday, the state Coordinator of the Coalition, Mr Bilyaminu Badarawa described the killings of innocent people in the state as unfortunate and worrisome. “On behalf of all Coalition of Northern Groups, I wish to extend our condolence to the families of the deceased, Zurmi emirate, Zamfara government and entire people of the state over the recent killing...

Caf to introduce VAR at Super Cup

Wydad Casablanca celebrate winning the Caf Champions League 2017 The Confederation of African Football (Caf) is set to debut the video assistant referee (VAR) for the first time this weekend. VAR – which has caused controversy in Europe – will be introduced in Casablanca on Saturday during the Caf Super Cup match. In a statement, Caf said this was a huge step for African football. “It’s a historic moment for African football,” Caf general secretary Amr Fahmy said. “I’m proud that Africa has taken the initiative to embrace the latest technology towards the development of football, and I’m positive the impact will be felt at all levels of the game.” The Super Cup, which will feature Morocco’s Wydad Casablanca and TP Mazembe of DR Co...

Madonna: ‘My son is Malawi’s future president’

Image copyright AFP/Getty Image caption US pop star Madonna and her son David have regularly visited Malawi, the country of her adoptive children Pop star Madonna has called her son, David Banda, “the future president of Malawi” in a tweet praising the 12-year-old adopted from that country. The US singer has six children, four of whom she adopted from Malawi. Madonna has reportedly had a fractious relationship with authorities from the south-east African nation. In 2013, Malawi accused Madonna of “bullying state officials”, exaggerating her contribution to the country and demanding VIP treatment. Madonna’s manager accused Malawi’s government of having a “grudge” against the singer’s charity, Raising Malawi, which she founded in 2006, th...

World’s Biggest Container Liner Looks for Deals Outside Shipping

The world’s largest container company will start looking for takeover targets outside the shipping industry as it tries to pre-empt a new competitive landscape in which customers are morphing into rivals. Jakob Stausholm, A. P. Moller-Maersk A/S’s chief financial officer and head of transformation and strategy, says the company needs to expand its land-based activities to meet a growing need from clients. “We’re currently very big in the ocean segment, and we’d rather grow in non-ocean, so it may be a good idea to look for M&A targets there,” Stausholm said in an interview Tuesday. Amazon Threat Has Maersk Racing to Stop Clients Becoming Rivals Buying land-based activities would mark a shift from the kind of consolidation Maersk and the industry have targeted in recent years. The Danis...

Abbas, Haley Trade Barbs Over Trump’s Israel Stand at UN

Palestinian President Mahmoud Abbas called President Donald Trump’s decision to move the U.S. embassy in Israel to Jerusalem a “dangerous” development in a speech before the United Nations, then walked out before U.S. envoy Nikki Haley retorted that “we will not chase after you.” The encounter Tuesday before the Security Council reflected the tensions in U.S.-Palestinian relations since Trump’s declaration that Jerusalem is the capital of Israel and his administration’s cuts in UN refugee funds for the Palestinians. Haley was accompanied at the UN by Jared Kushner, President Donald Trump’s son-in-law and chief adviser on Israel-Palestinian peace efforts. Abbas, who renewed his call for an international conference this year to seek a Mideast accord, warned that the refugee aid cuts could le...

South Korea Targets U.S. Trade Remedies in New WTO Dispute

By Bryce Baschuk February 20, 2018, 10:52 AM EST South Korea launched a World Trade Organization dispute that argued a key provision of the U.S.’s anti-dumping and countervailing investigations violated international trade rules.  South Korea said the U.S. Commerce Department improperly applied “adverse facts available” from Korean producers and exporters in six anti-dumping and countervailing cases involving various Korean products, according to a document that was circulated on Tuesday.  Though WTO rules permit countries to levy tariffs based on facts that are available at the time if a targeted firm fails to cooperate in trade remedy investigations, Korea said the U.S. did not assess the facts “properly and objectively.”  A request for consultations marks the first step in WTO dispute p...

In Bayelsa, NSCDC shoots vigilance team member

A team of the Nigeria Security and Civil Defence Corps (NSCDC) has allegedly shot a Neighborhood Watch member in Ikarama, Yenagoa Local Government Area of Bayelsa. The incident occurred in the early hours of Tuesday. NSCDC NSCDC team had arrested a woman in place of her suspected husband and an argument with the local vigilance group led to the shooting. Mr. Ben Warder, a youth leader in the area, alleged that the victim, Perekurofa Odoyibo, was shot twice in the arm and leg by the Civil Defence men whom had taken custody of the lady when the husband was not available. “The local vigilance team noticed the NSCDC van at about 3 a.m. and was trying to find out why they had to take away a woman who has children, for an offence supposedly committed by her husband. “They sh...

Trump Proposes Bigger Role for Skimpy Insurance, Undermining Obamacare

By Zachary Tracer February 20, 2018, 10:28 AM EST The Trump administration is proposing to expand the availability of short-term insurance plans, offering a cheaper health coverage option for consumers, while taking another step to undercut Obamacare. The Department of Health and Human Services proposed allowing short-term plans to be sold for coverage periods of up to a year, up from the current maximum of three months set by the Obama administration. The plans would also be allowed to offer far less comprehensive coverage than plans sold under the Affordable Care Act. Follow the Trump Administration’s Every Move The short-term plans are likely to appeal to healthier individuals who don’t think they need full coverage, potentially drawing them out of Obamacare’s markets. Combined with ear...

Mueller Charges Lawyer Van Der Zwaan in Russia Probe

04:00 Kevin Kelly Kelly & Co, Managing Partner 04:00 Selina Wang Bloomberg Editorial, Journalist 04:00 Tara Maller New America Foundation, Research Fellow 04:00 Dan Romero Coinbase Inc, GM 04:30 Bipul Sinha Rubrik Inc, CEO/Co-Founder 04:30 John W Thompson Microsoft, Chairman 04:50 David Welch Bloomberg Editorial, Detroit Bureau Chief https://www.bloomberg.com/news/videos/2018-02-20/mueller-charges-lawyer-van-der-zwaan-in-russia-probe-video