World News

JPMorgan Profit Falls 19% on Trading, Mortgage Declines

JPMorgan Chase & Co. (JPM:US), the biggest U.S. bank, said first-quarter profit fell 19 percent on lower revenue from fixed-income trading and mortgages, themes that may be repeated across Wall Street next week. The shares declined 2.9 percent. Net income dropped to $5.27 billion, or $1.28 a share, from $6.53 […]

Nigeria, third on world poverty index— World Bank

THE World Bank President,  Jim Yong Kim, yesterday, at the ongoing IMF/World Bank Spring Meetings restated that Nigeria is one of the top five countries that has the largest number of poor. Nigeria, he said ranked third in the world while India ranked number one with 33 per cent of […]

House Joins Senate to Pass N4.69tn Budget

Jonathan meets N’Assembly leadership, mulls special funds for INEC, NJC Muhammad Bello   The House of Representatives Thursday followed in the footsteps of the Senate to pass a budget of N4.695 trillion for the 2014 fiscal year. The Senate had on Wednesday passed the budget with the same figure, which is […]