June, 2016


Stocks gain as CBN says market’ll determine naira rate

After weeks of consultation with stakeholders in the financial services sector, the Central Bank of Nigeria on Wednesday finally released the flexible foreign exchange guidelines. The CBN Governor, Mr. Godwin Emefiele, who announced the details of the policy while briefing journalists at the apex bank’s headquarters in Abuja, explained that interbank trading under the new guidelines would begin on Monday. Giving some of the highlights of the new policy, the governor said based on the guidelines, the value of the naira against other currencies would be market-driven. In reaction toRead More

Niger says 34 migrants, including 20 children, found dead

Thirty-four migrants, including 20 children, have been found dead in Niger’s vast desert after being abandoned by their smuggler, the government of the West African nation said in a statement read on national television on Wednesday. Agadez in the landlocked country’s arid north is a popular waystation for migrants attempting to traverse the Sahara Desert and reach Libya and eventually Europe. Of the adult migrants, nine were women and five were men. They died between June 6-12, Interior Minister Bazoum Mohammed said, adding that President Mahamadou Issoufou expressed his condolencesRead More

Pacing feet, rants, executions – inside the Orlando killer’s rampage

Patience Carter had been on the floor of the bathroom stall for hours, her right femur shattered by a bullet, pinned beneath friends and strangers. They all had reached the same dead end in a frantic rush to escape the gunfire at Orlando’s Pulse Nightclub. The 20-year-old had watched Omar Mateen’s feet as he paced about; she’d listened to his rants to hostage negotiators about U.S. bombings in Afghanistan and his allegiance to militant Islamic groups. Now, she could hear the police shouting outside. “Move away from the walls! MoveRead More

Clinton reaches magic number in fight for Democratic nomination: U.S. media

Hillary Clinton has reached the number of delegates needed to capture the Democratic U.S. presidential nomination, according to tallies by two U.S. media outlets, as she and rival Bernie Sanders face off on Tuesday in contests in six states. A former senator and U.S. secretary of state, Clinton would be the first woman to ever be the presidential candidate of a major political party in the country’s history. But Sanders has vowed to keep up the fight in what has been a long and increasingly antagonistic Democratic primary race. Sanders,Read More