FRESH 4RM GIM

The share prices of Transnational Corporation of Nigeria Plc, Skye Bank Plc and Diamond Bank Plc plunged on Monday as the equities market lost N14.24bn at the close of trading on the floor of the Nigerian Stock Exchange. Diamond Bank Plc and Skye Bank Plc slumped for the straight third day after the Central Bank of Nigeria stepped in to remove Skye’s top management a week ago. A total of 275.363 million shares worth N3.442bn exchanged hands in 4,865 deals.

FORMER spokesperson to ex- President Goodluck Jonathan’s Presidential Campaign Organisation, Chief Femi Fani- Kayode, said yesterday, that he has met all the conditions for his bail. In a statement issued in Abuja by his Media Adviser, Jude Ndukwe, Chief Fani-Kayode, who remains confident, strong and high in spirit, said he was only waiting for the Economic and Financial Crimes Commission, EFCC, to verify the documents and release him to join his family.

From Zimbabweland. Story by Ian Scoones, joint convenor of the University of Sussex Institute of Development Studies. In the last few weeks there have been riots in Zimbabwe. In Beitbridge, on the border with South Africa, furious cross-border traders set fire to a warehouse in protest at import bans recently imposed

(Alex Parker/OSSOS team.) Using a telescope at the top of Mauna Kea, Hawaii, scientists have discovered a new dwarf planet in our solar system, a body about 435 miles across that lacks a name and that researchers still know little about.

NINE years after the last recapitalisation exercise in the nation’s insurance industry, the Minister of Finance, Mrs. Kemi Adeosun, yesterday said that the sector was due for another round of recapitalisation following the need to reposition it. Adeosun said this at the opening ceremony of the National Insurance Conference organised by the sector’s Insurance Industry Consultative Council (IICC) with the theme ‘Expanding National Resources and Infrastructure in Challenging Times’ held in Abuja. Kemi Adeosun The minister who was yet to put a figure to the recapitalisation required according to classes of insurance,

 The controversy that has continued to trail President Muhammadu Buhari’s appointments, which are seen as lopsided to favour a particular section of the country

Severe drought the likely cause of massive 'dieback' in just a month Thousands of hectares of mangroves in Australia's remote north have died, scientists said yesterday, with climate change the likely cause.