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Global Equity Funds See First Outflow in Three Weeks Amid Geopolitical and Market Concerns
Global equity funds experienced their first weekly outflow in three weeks in the week ending January 7, 2026, as investors reduced risk amid geopolitical tensions, uncertainty over U.S. interest rates, and stretched stock valuations. The move reflects a cautious sentiment in markets following a period of strong inflows, particularly into U.S. equities. Net Outflows from
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Civil Society Groups Condemn Lagos Government Over Forced Evictions in Makoko, Oko Agbon, Sogunro
The Justice Empowerment Initiative, alongside the Nigerian Slum/Informal Settlement Federation and other civil society organisations, has condemned the ongoing forced evictions of residents in Makoko, Oko Agbon, and Sogunro by the Lagos State Government. In a joint statement released Friday, the groups warned that the evictions threaten thousands of residents with displacement, with no provision
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South Korea to Launch 24-Hour FX Market in Bid for MSCI Developed-Market Upgrade
South Korea announced plans to open its currency market for 24-hour trading starting in July 2026, marking a major step toward internationalizing the won and seeking an upgrade to developed-market status from Morgan Stanley Capital International (MSCI). The move is part of a broader effort by the South Korean government to enhance financial market accessibility
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Swiss National Bank Profit Soars to 26 Billion Francs on Gold Price Surge
The Swiss National Bank (SNB) reported a profit of 26 billion Swiss francs ($33 billion) for 2025, driven by a record surge in gold prices as investors sought safe-haven assets amid global economic uncertainty. While below the record 80.7-billion-franc profit in 2024, the 2025 result ranks among the top five annual profits in the SNB’s
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Rivers Politics: Modibo Urges Wike to Tone Down Influence
Political analyst Ibrahim Modibo has called on Nyesom Wike, Minister of the Federal Capital Territory (FCT), to moderate his involvement in Rivers State politics, warning that he is overplaying his hand. Speaking on Friday in an interview with Arise Television, Modibo emphasized that Wike does not need to exert overwhelming influence over Governor Siminalayi Fubara.
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Sterling Faces Weekly Decline as UK Economic Data Awaits
Sterling remained steady against the U.S. dollar on Friday after falling to its lowest level of the year, signaling a potential weekly decline as traders await critical UK economic indicators. Investors are closely monitoring upcoming gross domestic product (GDP) and jobs data, which are expected to provide clarity on the Bank of England’s (BoE) monetary
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U.S. Dollar Gains as Job Growth Slows, Hits One-Year High Against Yen
The U.S. dollar extended its winning streak on Friday after December’s job report showed weaker-than-expected employment growth. The data suggested the Federal Reserve may keep interest rates unchanged at its upcoming January meeting, supporting continued dollar strength across global markets. U.S. Jobs Data Supports Dollar Strength According to the U.S. Labor Department, the economy added
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TikTok Star Peller Vows Never to Marry a Nigerian
TikTok sensation Habeeb Hamzat, popularly known as Peller, has announced that he will never marry a Nigerian, following his recent breakup with fellow content creator Jarvis. In a candid livestream, the 20-year-old revealed that he has set his sights on a woman from eSwatini, describing her as beautiful, calm, and composed—his ideal partner. Peller also
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SEBI Proposes Uniform Trading Disclosures and Higher Net-Worth Requirement for Margin Trading
India’s market regulator, the Securities and Exchange Board of India (SEBI), has proposed a set of new regulations aimed at standardizing trading disclosures across the country’s stock and commodity exchanges. The move is intended to strengthen market transparency and improve investor protection while supporting liquidity in both equity and commodity markets. Uniform Disclosure Requirements for
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U.S. Job Growth Slows in December as Unemployment Rate Dips to 4.4%
U.S. employment growth stalled in December, with nonfarm payrolls increasing by just 50,000 jobs, signaling a labor market that is growing at a very slow pace. Despite the slowdown, the unemployment rate fell to 4.4%, down from 4.5% in November, suggesting the job market is holding steady even as hiring remains subdued. Economists see these
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