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Asian Stocks Rise As Precious Metals Surge

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Asian stocks edged higher on Friday amid holiday-thinned trade and with some exchanges closed for Boxing Day, while precious metals extended their year-long rally towards record highs.

Silver reached $75 an ounce for the first time, and gold continued to hover around its own record price, with geopolitical risk elevated as US military and economic pressure on Venezuela persists.

Regional markets extended their upward rise after Wall Street saw US shares close at a high this week. Most markets across the world were shutteredon Thursday for Christmas.

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Tokyo, Shanghai, Seoul and Taipei all rose by closing time on Friday. Markets in Hong Kong, Australia and most of Europe were closed.

READ ALSO:Why Europe Is Blocking More Nigerian Goods At Its Borders

Analysts have projected a “Santa Claus rally” — the phenomenon where prices tend to rise during the last five days of December and the first two days of the new year.

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The movement came after traders in New York pushed the S&P 500 to an all-time high before the Christmas break in response to figures showing the world’s top economy expanded 4.3 percent in the third quarter.

On Friday, silver pushed to a record $75 an ounce, and gold remained above $4,500 an ounce, with US-Venezuela tensions adding to expectations that the Federal Reserve will keep cutting rates next year.

Geopolitical worries have grown as Washington pressures Caracas with a blockade of sanctioned oil vessels sailing to and from Venezuela.

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READ ALSO:Putin Says Russia Ready For War, Blames Europe For Sabotaging Peace

The yen remained relatively steady on Friday but saw a general rebound this week, after Japanese officials said they were prepared to step in to support the currency.

Japan’s government on Friday approved a record 122 trillion yen ($782 billion) budget, in part boosting defence spending, as inflation in the country persists.

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– Key figures at around 0700 GMT –

Tokyo – Nikkei 225: UP 0.7 per cent at 50,750.39 (close)

READ ALSO:FULL LIST: Highest Goal Scorers In Europe’s Top Five Leagues

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Shanghai – Composite: UP 0.1 per cent at 3,963.68 (close)

Dollar/yen: UP at 156.31 yen from 155.98 yen on Thursday

Euro/dollar: DOWN at $1.1775 from $1.1782

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Pound/dollar: DOWN at $1.3485 from $1.3529

Euro/pound: UP at 87.31 pence from 87.21 pence

West Texas Intermediate: UP 0.3 per cent at $58.53 per barrel

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Brent North Sea Crude: UP 0.2 per cent at $62.39 per barrel

New York – Dow: UP 0.6 per cent at 48,731.16 (close)

London – FTSE 100: DOWN 0.2 per cent at 9,870.68 (close)

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AFP

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Makinde Increases Gratuity Payment Of Retirees From N1.5b To N3b

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Oyo State Governor, Engr. Seyi Makinde, has approved a 100 per cent increase in gratuity payments for retirees in the state.

The Secretary of the Nigeria Labour Congress (NLC), Aribatise Adebayo, confirmed the development in a statement made available to journalists in Ibadan on Friday.

Adebayo noted that gratuity payments have increased significantly from ₦1.5 billion to ₦3 billion.

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He said the development further confirms the governor’s worker-friendly disposition towards labour unions in the state.

Adebayo added that the governor has not reneged on his promise to continue paying the 13th-month salary at the end of every calendar year.

READ ALSO:JUST IN: Wike, Govs Makinde, Bala Mohammed Clash At PDP Secretariat

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The statement read, “The leadership of the Nigeria Labour Congress (NLC), Trade Union Congress (TUC), and Joint Negotiating Council (JNC) in Oyo State sincerely appreciates the Governor of Oyo State, His Excellency, Engr. Seyi Makinde, for his commendable and worker-friendly gestures.

“We particularly commend the Governor for increasing the proposed gratuity payment from ₦1.5 billion to ₦3 billion, a decision that demonstrates his deep commitment to the welfare of retirees.

“We also applaud the consistent payment of the 13th-month salary, which has now been paid for the seventh time, as well as the prompt release of subventions.

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“These actions further reaffirm the governor’s dedication to the well-being of workers and retirees in Oyo State and his unwavering support for industrial harmony.”

READ ALSO:Okpebholo Slams ₦25bn Libel Suit On Edo PDP Chairman

Makinde has felicitated Christians in the state and across the country on the occasion of this year’s Christmas, urging them to continue to live in love and harmony with one another and with their neighbours.

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The governor made the call in a Christmas message released on Thursday and made available to journalists by his Special Adviser on Media, Dr Sulaimon Olanrewaju.

According to Makinde, Christmas is a season of love, with the birth of Christ as the essence of the celebration, stressing that Christians must reflect this message by showing love to others and living in peace in line with the teachings of Jesus Christ.

He also counselled residents of the state to remain vigilant during the Yuletide, noting that security is a shared responsibility between the government and the people.

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READ ALSO:Makinde, Wife Installed As Aare Omoluabi, Yeye Aare Omoluabi Of Akure Kingdom

The governor urged citizens to report suspicious movements and activities to security agencies through the Oyo State Citizen Emergency Number, 615, reiterating that the principle of “if you see something, say something” remains in force.

He said: “This is to wish our Christian brethren and, indeed, all residents of Oyo State and Nigeria a Merry Christmas.

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“Christmas, as we all know, symbolises love as exemplified by the miraculous but humble birth of the Lord Jesus Christ. Thus, we must live the message and the essence of the festival.

“Let me also use the opportunity to charge residents of the state to be vigilant and observant as they go about merrying. As a government, we have been up to the task in terms of securing the state, but there is still a role for residents to play. This is why we always say that if you see something, say something, and your government will do something.

“The Oyo State Citizen Emergency Number 615 is active. Please call to report any emergency or suspicion of criminality, and our rapid response system will be activated to bring the situation under check.

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“Once again, Merry Christmas!”

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PHOTOS: SGF George Akume Weds Ooni’s Ex-Queen

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The Secretary to the Government of the Federation, Senator George Akume, has officially wed Queen Zaynab Ngohemba, the former wife of the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi.

The announcement was made public on Friday by a facebook user and member of the Dajoh family, Abraham Double-d Dajoh, via a celebratory social media post.

He confirmed the union between the high-ranking government official and the former Olori of the Ife Kingdom.

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The Dajoh family described the union as “beautiful” and “uncommon,” as they formally welcomed her into their fold in Benue State.

READ ALSO:JUST IN: Ooni Visits Olubadan-designate Ladoja In Ibadan

In a statement that quickly went viral, the Dajoh family expressed their collective joy, signalling a significant chapter for the SGF’s household.

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We, the entire Dajoh Family, happily join our daddy, uncle and brother, His Excellency, The Secretary To The Government Of The Federation, Sen. George Akume Jugu Dajoh in welcoming his new and uncommon wife, Queen Zaynab Ngohemba-George Akume Dajoh, into the Dajoh family,” the post read.

The family further extended their appreciation to the political associates and supporters of the SGF, urging them to remain steadfast in their loyalty to him as he embarks on this personal journey.

We appreciate and thank the fans and supporters of Sen. Akume for always standing by him. We enjoin every one of you to continue to support his Excellency even in this beautiful union with Queen Zaynab,” the post further read.

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READ ALSO:Ooni-Alaafin Feud: Ooni’s Palace Reacts To Viral Video

Queen Zaynab, who was previously known as Olori Wuraola during her 17-month marriage to the Ooni of Ife (which ended in 2017), was ushered into her new home with deep cultural reverence.

The Dajoh family emphasised the importance of their ancestral roots in Mbakor and the wider Benue State.

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Welcome to Benue State, the Food Basket of the Nation, welcome to Mbakor, the seat of leadership of the Tiv nation and welcome to the Dajoh family, the home of your darling husband. Welcome home, Queen Zaynab,” the statement concluded.

The announcement coincided with the festive period, as the family used the opportunity to wish Nigerians a happy holiday season.

READ ALSO:Why Cameroonian Authorities Detained Five Nigerian Pastors – Sources

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“We wish you all a happy Christmas Celebration and a Prosperous New Year,” the post read.

Akume, a former Governor of Benue State and a politician, currently serves as a key figure in the President Bola Tinubu administration.

The news of his marriage to Queen Zaynab—a prominent humanitarian and former royal—has become a major talking point across the country’s social and political circles.

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Contacted on the telephone on Friday, Akume’s spokesman, Yomi Odunuga, confirmed the marriage.

He, however, said contrary to reports that the wedding was held on December 24, the marriage is over a year old.

“I can confirm the marriage. However, contrary to the rumour that the marriage was concretised in Gboko on Christmas eve when the couple appeared together at an event to celebrate Christmas, it was actually a marriage that is over a year old,” Odunuga said.

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Trump’s Airstrikes: Halt Military Cooperation With US Immediately – Sheikh Gumi Tells Tinubu Govt

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Islamic cleric, Sheikh Ahmad Gumi has called on the Federal Government to immediately halt all military cooperation with the United States following reported US airstrikes.

Gumi warned that American involvement could worsen Nigeria’s security challenges and undermine national sovereignty.

Gumi made the call in a statement posted on his Facebook page on Friday.

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He said while Islam permits the fight against terrorism, such actions should only be carried out by what he described as “clean hands,” arguing that the United States lacks the moral authority to lead such efforts because of its global military record.

READ ALSO:US Dept Of War Shares Video Of Air Strikes In Nigeria

According to the cleric, Nigeria made a mistake by allowing foreign powers to play a role in its counterterrorism operations, insisting that “terrorists do not truly fight terrorists” and that such interventions often result in civilian casualties and hidden political motives.

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Gumi warned that allowing Nigeria to become a theatre of war would attract anti-US forces into the country, further destabilising it.

He also cautioned that US involvement, particularly under claims of protecting Christians, could polarise the country along religious lines.

READ ALSO:Trump To Attend FIFA World Cup Finals Draw On Friday

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The cleric further argued that airstrikes alone cannot defeat terrorism, stressing that effective counterterrorism requires strong ground operations, which he said Nigeria has enough personnel to carry out if properly organised.

This is the mistake Nigeria has made. Terrorists don’t fight terrorists in truth; they may only kill innocent people and have ulterior motives behind the drama of fighting ‘terror’.

“As a principle, no nation should allow its land to be a theater of war. And no nation should allow its neighbors to be their enemies.

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“If Nigeria wants military assistance, China, Turkey, and Pakistan can do the job effectively,” part of his statement reads.

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