Most Adani Group shares fell sharply on Monday as the Indian conglomerate’s rebuttal of a US short seller’s criticism failed to pacify investors, deepening a market rout that has now led to losses of $65bn in the group’s stock values. Led by Asia’s richest man Gautam Adani, the Indian group has locked horns with Hindenburg […]
The global economy will weaken this year as rising interest rates and Russia’s war in Ukraine continue to weigh on activity. But economists are more optimistic than they were just a few months ago. The International Monetary Fund said Monday that it now expects global growth will slow from 3.4% in 2022 to 2.9% in 2023. That’s up from […]
Samsung’s quarterly profits have plunged to their lowest level in eight years as customers snapped up fewer cell phones and laptops. The tech giant reported operating profit of 4.3 trillion Korean won ($3.5 billion) on Tuesday for the three months ended December, down 69% from a year ago. Revenue fell 8% to just under 70.5 […]
By Chijioke Okoronkwo Vice President Yemi Osinbajo says a cashless policy, when effectively operated in Nigeria, can help stem the surge of illicit election financing by making it possible to track funds. Osinbajo’s spokesman, Laolu Akande, in a statement on Monday in Abuja, said the vice president received a delegation of the EU Election […]
Mr Nnolim Nnaji, Chairman, House of Representatives Committee on Aviation, has called for restraint, over the ongoing industrial dispute between the Nigerian Aviation Handling Company (NAHCO) and its workers. He made the call in a statement in Lagos, on Monday, advising the management of the company to dialogue with the leadership of the union. Nnaji […]
By IBIRONKE ARIYO The Federal Road Safety Corps (FRSC) will conduct the certification of drivers and vehicles to be used for the forthcoming elections across the the country, an official said on Monday. “The responsibility is in line with the Standard Operating Procedures of Election in Nigeria”, Mr Oga Ochi, the Sector Commander, FCT […]
Cristiano Ronaldo made a winning start to life in the Saudi Pro League as he led Al Nassr to a 1-0 victory over Ettifaq on Sunday in his first match since becoming the best paid footballer in history. The Portuguese superstar didn’t score but there were promising signs for Al Nassr, who are eyeing domestic […]
F000our people were killed and at least six others injured after a crane crashed during a temple festival in the southern Indian state of Tamil Nadu, officials said Monday. The crane collapsed Sunday night at Draupathi temple in Ranipet district, 85 kilo meters west of Chennai, the capital city of Tamil Nadu. Reports said […]
President Muhammadu Buhari will visit Lagos State on Monday for two days of site visits and commissioning of projects in various locations, the Lagos State Government has said. The state Commissioner for Information and Strategy, Gbenga Omotoso, in a statement on Friday, described the President’s planned visit as ‘A Festival of Project Commissioning’. “Although Mr. […]
Lisa Marie has been buried next to her son Benjamin Keough in the Meditation Garden at Graceland, near her father Elvis. The singer-songwriter, who died last Thursday aged 54, was laid to rest in the family plot at the King of Rock and Roll’s Memphis mansion in a private ceremony. A public memorial for […]