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The dollar was easier around ¥117.50 in Tokyo trading on Wednesday, with traders retreating to the sidelines ahead of the Christmas holidays. At 5 p.m., the dollar stood at ¥117.59-59, down from ¥117.89-89 at the same time on Tuesday. The euro was at $1.0407-0407, up from $1.0392-0392, and at ¥122.40-40, ...

Shares turned lower on the Tokyo Stock Exchange Wednesday, weighed down by selling to lock in gains. The 225-issue Nikkei average shed 50.04 points, or 0.26 percent, to end at 19,444.49. On Tuesday, the key market gauge rose 102.93 points. The Topix index of all first-section issues closed down 7.42 ...

After a long year, the Bank of Japan unexpectedly finds itself in a sweet spot. The yen has tumbled in recent weeks, thanks to surging global bond yields, and economic conditions at home and abroad are improving. Though less than bullish, the outlook for the world’s third-largest economy looks more ...

FIdelis Soriwei, Abuja The Indpendent National Electoral Commission has announced the promotion of 1,307 of its staff across the country. The INEC’s decision was contained in its daily bulletin forwarded to our correspondent by the Deputy Director in charge of Voter Education and Publicity, Mr. Nick Dazang, on Wednesday. Dazang ...

Olalekan Adetayo, Abuja The Federal Executive Council on Wednesday approved the Ministry of Finance Whistleblowing Programme that may see individuals who give government genuine information on stolen or concealed funds smiling home with between 2.5 percent and five percent of the funds when recovered. The Minister of Information and Culture, ...

A religious group, “Rooted in The Word Ministries’’, has urged South East governors to review and enforce the Eastern Nigeria Law of 1956 abolishing the Osu caste system in Igboland. The leader of the group, Bishop Emeritus of Isuikwuato/Umunneochi Anglican Communion, Rt. Revd. Samuel Chukuka, made the call at an ...

A don, Prof. Sarah Anyanwu, says the Federal Government’s N7.30tn budget proposal for 2017 is achievable with a lot of public works and investment in the infrastructure to boost the economy. Anyanwu, the Head of Economics Department, University of Abuja, said on Wednesday, that the budget would also be realistic ...

Lagos State Governor, Mr. Akinwunmi Ambode and his Kebbi State counterpart, Alhaji Atiku Bagudu on Wednesday released the much anticipated Lagos-Kebbi Rice christened ‘LAKE RICE’, saying the partnership which culminated into the inauguration was not only designed to ensure food security but showcase the ability of Nigeria to become a ...

ALGIERS- Minister of Maghreb Affairs, African Union and Arab League Abdelkader Messahel will chair the Algerian delegation in the first session of the Algerian-Spanish Dialogue on the Security Questions, to be held on 22 December 2016 in Madrid, said the Foreign Ministry in a communiqué. "This first meeting, which ...

[Addis Fortune] Foreign policy is a dynamic phenomenon with fast changing local and international contexts. It is a delicate plan of action designed in complex psychological, political and international contexts of the state. It is implemented in volatile, anarchic, self-help, power mongering international environment.