Clarendon
Gold rises on renewed US stimulus hope, dollar falls
Spot gold rose 0.3 percent to $1,910.56 an ounce at 3:37pm, New York time, after falling as much as 0.5 percent. Gold rose on renewed optimism for a preelection aid package in the U.S., while the dollar fell to a one-week low. House Speaker Nancy Pelosi said a bill for a compromise stimulus package is being written as she awaits a key phone call with Treasury Secretary Steven Mnuchin. Senate Majority Leader Mitch McConnell said his chamber would take up a comprehensive coronavirus package if an accord is struck. The Bloomberg Dollar Spot Index headed for the third straight decline. Pelosi said in a Bloomberg Television interview that while there are areas where more work is required to get a compromise, she was pleased with the Trump administration’s latest position on coronavirus testing ...
British lawmakers write Commonwealth over killings in Nigeria
Thirteen members of the House of Lords, United Kingdom, have expressed concern over the killings by Boko Haram insurgents in the North-East and Fulani herdsmen in the Middle Belt region. The upper house of parliament members said the failure of the Federal Government to protect Nigerians was a breach of the Commonwealth Charter. They requested the Commonwealth to raise the killings with its Ministerial Action Group. This was contained in a letter to the Secretary-General of the Commonwealth, Patricia Scotland, dated September 14, co-signed by Baroness Cox, Baroness Kennedy, Jim Shannon, Fiona Bruce, former Archbishop of Canterbury, Lord Williams and 14 others. They cited a report by the UK All-Party Parliamentary Group for International Freedom of Religion or Belief, which accused unnamed ...
Bayelsa by-election: PDP, APC leaders trade words over agreement on power rotation
Leaders of the All Progressive Congress (APC) and the People’s Democratic Party (PDP) in Bayelsa weekend trade words over the alleged attempt by the opposition party to breach an existing gentleman’s agreement between the people of Sagbama and Ekeremor Local Government areas on the issue of power rotation of National Assembly positions. This followed the emergence of the former Deputy Governor, Rt. Hon. Peremobowei Ebebi, as the candidate of the All Progressive Congress for the state west senatorial district by-election. Political stakeholders from the zone had agreed that by the provision of the existing gentleman agreement between Sagbama and Ekeremor local government areas, indigenes of Sagbama are the only ones qualified to produce candidates to contest for the October 31 National Asse...
