british

British PM Target Election As EU Mulls Brexit Extension

British PM Target Election As EU Mulls Brexit Extension

October 23, 2019 8:20 am

British Prime Minister Boris Johnson could pivot towards a general election as the EU mulls granting a Brexit deadline extension on Wednesday, after a fresh twist to the divorce saga cast doubt over his hopes of leaving on October 31.

Intense parliamentary votes on Tuesday, Johnson won initial backing for the divorce deal he agreed with the EU — but MPs then rejected his timetable to rush it through parliament in a matter of days.

Following that setback, Johnson said he would halt the ratification process while European Union leaders consult on a delay — which MPs had forced him …

EFCC Arraigns Two British Nationals Over P&ID $9.6bn Fraud

EFCC Arraigns Two British Nationals Over P&ID $9.6bn Fraud

October 22, 2019 1:24 am

•Firm urges INTERPOL to reject Nigeria’s request to put officials under watch

The Economic and Financial Crimes Commission (EFCC) yesterday arraigned two British nationals, James Richard Nolan and Adam Quinn (at large), before Justice Okon Abang of the Federal High Court, sitting in Abuja, for their alleged complicity in the controversial $9.6billion arbitral award to Process and Industrial Developments (P & ID) Limited by a United Kingdom arbitration panel and confirmed by a London commercial court.

The defendants, both directors of Goidel Resources Limited, a Designated Non-Financial Institution (DNFI) and ICIL Limited, were arraigned on a 16 count-charge bordering on …

Brexit In The Balance As British MPs Hold Knife-Edge Vote

Brexit In The Balance As British MPs Hold Knife-Edge Vote

October 19, 2019 7:55 am

British MPs gathered on Saturday for a knife-edge vote on Prime Minister Boris Johnson’s Brexit deal for a decision that could see the UK leave the EU this month or plunge the country into fresh uncertainty.

The parliament was holding its first Saturday sitting since the 1982 Falklands War to debate the terms of a divorce agreement Johnson struck with European Union leaders Thursday.

Opposition parties and Johnson’s own Northern Irish allies have rejected the text but the prime minister and his team have spent the past 48 hours frantically trying to win the support of wavering MPs.

The vote …

British Pound Rises On Brexit Draft Deal

British Pound Rises On Brexit Draft Deal

October 17, 2019 10:41 am

Pound soared Thursday to within a whisker of $1.30, striking five-month peaks after the European Union reached a draft Brexit withdrawal deal with London.

The pound quickly rose more than one percent to $1.2990 before profit-taking set in. The euro slid to 85.76 pence as the news flashed across traders’ screens.

The British capital’s benchmark FTSE 100 shares index meanwhile accelerated gains to stand 0.6 percent higher compared with Wednesday’s closing level.

British Prime Minister Boris Johnson will still have to take the accord to a sceptical UK parliament for its backing on Saturday.

It is unclear how many of …

British Pound Resumes Drop At Start Of Key Brexit Week

British Pound Resumes Drop At Start Of Key Brexit Week

October 14, 2019 11:32 am

The British pound slid against the euro and dollar Monday, the start of a pivotal week for Britain and the European Union to strike a Brexit deal.

European stock markets also retreated as weak Chinese data offset a partial trade deal between China and the United States, analysts said.

Asian investors had earlier Monday saluted the trade deal, sending regional equity markets rallying, though observers were skeptical about the overall significance of the agreement.

Official data meanwhile showed Chinese imports and exports fell more than forecast in September, as US tariffs and cooling demand at home and abroad hit trade …

British PM vows to pursue Brexit deal after new blow

British PM vows to pursue Brexit deal after new blow

September 10, 2019 11:36 am
Beleaguered British Prime Minister Boris Johnson vowed to continue his attempts to strike a new Brexit deal with Brussels, after losing yet another vote on Tuesday during a chaotic parliamentary session.

Johnson slammed the opposition for voting against his call for a snap election in the final minutes of a stormy late-night debate ahead of a controversial suspension of parliament called by the prime minister.

He said he would “strive to get an agreement” at a summit in Brussels next month — the alternative being a “no-deal” departure that critics warn would spark economic chaos.

Johnson accused his opponents of

…
British PM vows to pursue Brexit deal after new blow

British PM appoints Nigerian as children’s minister

July 30, 2019 6:05 am

Britain’s Prime Minister Boris Johnson, has appointed Olukemi Olufunto Badenoch, aged 39, as Children and Families Minister, as part of his government reshuffle. Badenoch is a British Conservative politician and Member of Parliament (MP) for Saffron Walden.

She was born in Wimbledon, London to Nigerian parents. Her childhood was spent in Lagos and the United States. She moved to the United Kingdom at the age of 16. She has been the MP for Saffron Walden since 2017 after replacing Nadhim Zawahi.

She once told MPs in Parliament about her own experiences of poverty and how she used to do …

How Nigeria was sold to the British for £865,000 in 1899

How Nigeria was sold to the British for £865,000 in 1899

July 27, 2019 1:38 am

All through the 19th century, palm oil was highly sought-after by the British, for use as an industrial lubricant for machinery. Remember that Britain was the world’s first industrialised nation, so they needed resources such as palm oil to maintain that.

Palm oil, of course, is a tropical plant, which is native to the Niger Delta. Malaysia’s dominance came a century later. By 1870, palm oil had replaced slaves as the main export of the Niger Delta, the area which was once known as the Slave Coast. At first, most of the trade in the oil palm was uncoordinated, with …

$267m Abacha loot recovered from British Virgin Islands

$267m Abacha loot recovered from British Virgin Islands

June 4, 2019 8:43 am

More than $267 million traced to the family of late Nigerian despot General Sani Abacha has been seized from a British Virgin Islands bank and paid into government coffers in an American state of Jersey.

The money was a part of more than  $300 million stash the Jersey State government said on its website was “laundered through the US banking system by people including President Abacha’s son Mohammed” during the military regime of General Sani Abacha.

“On Friday 31 May 2019 US$267,751,992.02 was paid into the Civil Asset Recovery Fund,”  Jersey State said.

“This fund is managed by the Minister …

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