Abenomics “Death Cross” Strikes As Japan PMI Plunges To 40-Month Lows
Since Abenomics was unleashed on the world (with QQE starting in April 2013), things have not worked out as the smartest men in the Japanese rooms predicted. In fact, with…
Hong Kong Retail Sales Plunge 7.5% YoY, Fall For 14th Consecutive Month
Hong Kong’s retail sales fell for the 14th consecutive month in April, plunging 7.5 percent from a year ago. April was slightly less severe than a revised estimate of a…
Appeals Court Delivers Devastating Blow To Cellphone-Privacy Advocates
Authored by Jenna McLaughlin via TheIntercept.com, Courts across the country are grappling with a key question for the information age: When law enforcement asks a company for cellphone records to…
Fashola Says No Going Back On Hike In Electricity Tariff
Minister of Power, Works and Housing, Babatunde Fashola on Tuesday, said there no going back on the 45 percent increase in electricity tariff. Fashola stated this when he briefed the…
Arrest Any Ex-Governor, Minister With Diplomatic/Official Passport C-G Orders
Any former political office holders and retired public servants who are still in possession of the nation’s diplomatic passports will be arrested. The newly appointed Comptroller General of Nigeria Immigration…
Nigeria Ranked 7th Country With The Most Slaves In The World
Reuters| Nearly 46 million people around the world are living as slaves, forced to work in factories, mines and farms, sold for sex, trapped in debt bondage or born into…
Nigeria: Running on empty – FT
Critics say President Buhari’s policies are adding to its worst economic crisis in generations by: Maggie Fick In his former role as the managing director of one of Nigeria’s leading…
FX constraints spark survival of fittest struggle among oil marketers – Businessday
A survival of the fittest struggle is emerging in Nigeria’s downstream petroleum sector as dollar shortage and banks’ reluctance to lend to firms with weak balance sheets- meaning only the…
Nigeria Sets Up Team to Help Amcon Recover Loans, Pursue Charges – Bloomberg
By Vernon Wessels Nigerian President Muhammadu Buhari approved the establishment of an inter-agency task force that will help the Asset Management Corp. of Nigeria recover loans and other assets it…
Nigeria’s Buhari Gives Central Bank Go-Ahead for Flexible Naira – Bloomberg
By David Malingha Doya Nigeria’s President Muhammadu Buhari has given the nation’s central bank the go-ahead to introduce flexibility in the naira exchange rate, his spokesman said on Monday. “The…