central

APC Begins House-to-House Campaign In Kogi Central

The Secretary, Media Committee, APC Kogi State Governorship Campaign Council, Mr. Tom Ohikere has revealed the commencement of house-to-house voters education and sensitization programme which will run from Thursday, November 7 to Sunday, November 10 in the five local government areas of Kogi Central Senatorial district.

A statement issued by Gabriel Atume in Lokoja on Wednesday stated that the programme aims to educate and enlighten potential voters on the electoral processes and voting procedure in the November 16 governorship election.

He said, the APC recognises the role of the grassroots in the re-election quest of Governor Yahaya Bello hence the …

Lagarde Assumes Duty as European Central Bank President

Lagarde Assumes Duty as European Central Bank President

A new era was beginning at the European Central Bank (ECB) on Friday as Christine Lagarde takes over from Mario Draghi at the head of the central bank managing the euro, the currency of the 19-member eurozone.

Lagarde, 63-year-old, succeeds the Italian Draghi, who was in the post for eight years and guided the European Central Bank (ECB) through the aftermath of the global financial crisis.

Ahead of taking office, the former French finance minister expressed her approval for the continuation of the monetary policy pursued by the ECB under Draghi, with ultra-low and negative interest rates, along with asset …

Central Park Tower Now World’s Tallest Residential Building

Central Park Tower Now World’s Tallest Residential Building

The 1,550-foot-tall Central Park Tower is officially the tallest residential building in the world. After topping out recently, the Adrian Smith + Gordon Gill architecture-designed structure now stands nearly complete at 217 West 57th street, higher than any of its neighbors on Manhattan’s Billionaire’s Row. 

It’s the second project on that strip of premiere Midtown Manhattan real estate from Extell Development Company, the minds behind Christian de Portzamparc’s One57. The latter project became the first supertall condominium on the street in 2016.

Since the original unveiling of that design in 2005, over eight similar projects have popped up and are …

Spain’s Far-Right Vox Rallies Thousands In Central Madrid

Spain’s Far-Right Vox Rallies Thousands In Central Madrid

Thousands of people joined a rally called by Spain’s Vox in Madrid on Saturday, with leader Santiago Abascal telling the crowds only his far-right faction could handle the Catalan crisis.

Shouting “Viva Espana”, they turned the city’s Columbus Square into a sea of red-and-yellow, as the crowds waved thousands of Spanish flags, cheering and chanting, among them many youngsters and families with children.

Addressing the crowds, Abascal took aim at the ruling Socialists, largely focusing on the crisis in Catalonia, which has been gripped by violent protests after the Supreme Court jailed nine separatist leaders over a failed independence bid.…

Report By Central Bank Reveals Rise In Consumer Confidence

Report By Central Bank Reveals Rise In Consumer Confidence

Consumers’ overall confidence outlook rose in the third quarter of 2019, as more consumers were optimistic in their outlook. The Central Bank of Nigeria (CBN), stated this in its “Consumer Expectations Survey Report for Third Quarter 2019,” a copy of which was posted on its website.

According to the report, the index at 3.8 points was 2.3 points higher than the index in the corresponding period of 2018.

Respondents attributed the favourable outlook to improved family income and family financial situation.

Furthermore, the report showed that consumer outlook for the next quarter and the next 12 months were …

Lagarde resigns from IMF, moves to European Central Bank

Lagarde resigns from IMF, moves to European Central Bank

International Monetary Fund (IMF) Managing Director Ms. Christine Lagarde yesterday resigned from the Fund to head European Central Bank.

In a statement, she said: “I am honored to have been nominated for the Presidency of the European Central Bank. In light of this, and in consultation with the Ethics Committee of the IMF Executive Board, I have decided to temporarily relinquish my responsibilities as Managing Director of the IMF during the nomination period.”

Read Also: IMF congratulates Emefiele on reappointment as CBN Governor

The European Council officially nominated her for the position. She would succeed by Mario Draghi.

Ms. Lagarde, …

Trump, who has made a hardline immigration stance a key issue of his presidency and 2020 re-election bid,

Trump cuts aid to central America over migrants

The Trump administration has  announced plans to slash hundreds of millions of dollars in aid to El Salvador, Guatemala and Honduras.

The news came after U.S. President Donald Trump criticized the thousands of Central American migrants who have come to the U.S. in search of asylum at the U.S. border with Mexico.

U.S. Department of State Spokesperson Morgan Ortagus said funds for programs in those countries would not be provided until the administration is satisfied these governments are taking concrete actions to reduce the number of migrants coming to the U.S.

“Working with Congress, we will reprogram those funds to …

US sanctions Venezuela’s Central Bank

The United States on Wednesday said it would forbid all Americans’ dealings with the Central Bank of Venezuela and also block any US assets of the the bank, as well as its director, Iliana Josefa Ruzza Teran.

America alleged that the bank was being used as key conduits for funding Maduro’s government.

The sanctions were the latest efforts by the US to strangle President Nicolas Maduro’s cash flow.

In a hard-hitting speech in Miami largely devoted to Cuba, National Security Advisor John Bolton also unveiled measures against a third leftist government in Latin America, Nicaragua, with sanctions against President Daniel …

North-central group endorses Wase for speakership

As the campaign for the Speakership of the House of Representatives continues, the representative of Wase federal constituency in Plateau State, Hon. Ahmed Idris Wase, has received the endorsement of North Central-based organisation, The Equity and Justice Forum.

The body said it has thrown its weight behind Wase, a member of All Progressives Congress (APC), to become the Speaker of the House of Representatives, and it has started wooing political stakeholders and members of the House to support the Forum’s candidate.

The Convener of the Forum, Femi Davies, who made this known in a press conference at the Murtala Muhammed

Amosun clinches Ogun Central Seat, floors Oseni-Gomez

The Ogun State Governor, Sen Ibikunle Amosun, has won the Ogun Central Senatorial seat. The All Progressives Congress (APC) candidate defeated the candidate of the African Democratic Congress (ADC), Mrs Titi Oseni-Gomez by 37,101 votes.

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Central banks in ECOWAS meeting on single currency

Central banks of members of the Economic Community of West African States (ECOWAS) are meeting to take stock of the progress made so far on a single currency for the region by 2020.

The 53rd meeting of the Committee of Governors of Central Banks opened on Thursday in Dakar.

The meeting is organized by the Central Bank of West African States (BCEAO) and the West African Monetary Agency (AMAO).

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