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News Appeal Court Upholds David Mark’s Election …..former Senate President forgives those who conspired against me. Immediate Past President of the Senate Senator David Mark has for the umpteenth time affirmed that he has forgiven his opponent Daniel Onjeh and all those who conspired against him during the February 20, 2016 rerun election for Benue […]

This table contains the official exchange rate between the Naira and the US Dollar, Euro and British Pounds respectively. The data is sourced from the website of the CBN and posted daily by Nairametrics staff. Whilst this is the official data of the CBN, it can sometimes be different from the rates posted on the […]

Flour Mills Of Nigeria Plc released its 2016 FY results for the year ended March 2016 ; See below Flour Mills Of Nigeria Plc Q1 2016 Results Flour Mills Of Nigeria Plc 2016 FY 2015 FY %age Change N’m N’m Revenue   342,586,459   308,756,526 11% Pre-tax profits     11,489,278       7,724,770 49% Profit after tax […]Read More

The Central Bank of Nigeria has issued a new circular on Friday announcing that it has given Bureau De Change operators (BDC) permission to buy forex sold from International Money Transfers. The circular titled “Sale of Foreign Currency Proceeds of International Money Transfers to Bureaux De Change Operators” read in part that “Authorized dealers who are […]Read More

On the surface, this morning’s GE non-GAAP results (defined as follows: “Non-GAAP results excluding acquired Alstom businesses, non-operating pension costs, gains and restructuring & other charges”) were spun as very bullish, with extensively adjusted revenues of $33.5 billion rising 15% and beating expectations of $31.4 billion, while non-GAAP EPS surged 65% to $0.51, well above […]Read More

It appears that after years of attempts to quietly, then not so quietly sell itself, the increasingly troubled former internet portal giant may have finally found the “greatest fool” thanks to Verizon. According to Bloomberg, Verizon is the lead bidder for Yahoo with a total consideration of about $5 billion, and an announcement may come […]

Excerpted from David Stockman’s forthcoming book, …First there were seventeen. At length, there was one. And now there is even a chance he may become President. Donald Trump’s wildly improbable capture of the GOP nomination and rise toward the White House is surely the most significant upheaval in American politics since Ronald Reagan. Yet the […]Read More

In one of the most dramatic, polarizing, not to mention longest ever (at 75 minutes, it was the longest since 1972), convention speeches, Donald Trump claimed the Republican presidential nomination with a highly charged text in which he promised to be “the voice” of disenfranchised Americans and the guardian of “law and order” as president. […]

In a dramatic example of the extreme polarization between the left- and right-leaning American public, a ‘brawl’ broke out between famous left-wing host of “The Young Turks” Cenk Uygur and controversial conservative Alex Jones (of InfoWars) on the sidelines of the Republican National Convention. The contretemps was caught on tape in Media Row at the […]

Following this morning’s post-Brexit puke in UK PMI, Markit reports July’s preliminary manufacturing PMI considerably better than expected (up from 51.3 to 52.9 against 51.5 forecast). This follows the modest rebound in Industrial Production and is the highest PMI since Oct 2015. Manufacturing payrolls surged at the fastest pace in 12 months and new business […]Read More

Mainstream media is beginning to catch on to what we detailed first in February, the gasoline glut is about to bite back. As Bloomberg reports, Oil’s retreat to a three-month low this week demonstrates that surpluses in other parts of the market, most notably refined fuels like gasoline, are holding back any lasting recovery. Combined […]

After two years of bombing, the U.S. recently marked a horrendous milestone in a war with no clear end in sight. Vocativ reported that the American-led coalition in the Middle East has now dropped 50,000 bombs in the ongoing campaign against Daesh (an Arabic acronym for the terrorist group commonly known as ISIS or ISIL […]