Former Sketch news editor Babalola dead

A former news editor of the defunct Sketch newspaper, Mr Olusakin Babalola, is dead. DAILY POST gathered that Babalola, a native of Ipetumodu in Ife North Local Government Area, died in Ibadan, the Oyo State capital. DAILY POST learnt that Babalola, wh…

Azerbaijan steps up drive to join BRICS

By Javid Agha in Baku Azerbaijan has formally applied for membership of the BRICS loose association of developing countries, according to the pro-government news outlet Report. The outlet quoted the spokesman of the foreign ministry, Aykhan Hajizade. A…

Moldova’s non-fuel trade gap widens by 30% y/y in Q2

By Iulian Ernst in Bucharest Moldova’s imports increased by 4.6% y/y to $2.16bn in Q2, but non-fuel imports (chart) rose by a more significant 15% y/y to $1.87bn creating a trade deficit in the non-fuel area ($1.06bn) that was 30% larger than in the sa…

Slovenian NLB’s bid for Addiko Bank fails

By Valentina Dimitrievska in Skopje Slovenia’s largest bank, NLB, has failed in its attempt to acquire Austria’s Addiko Bank. The takeover bid fell short as only 36.4% of Addiko’s shareholders accepted NLB’s offer, significantly below the 75% threshold…