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While many will be quick to ignore the May JOLTS report, due to its one-month delay behind the payrolls data and coinciding with an abysmal month when the US added only 11K seasonally-adjusted jobs, it does reveal several troubling points. First and foremost is that while Wall Street – which was already aware of the […]

We truly live in interesting times: what was once tinfoil conspiracy theory, namely that the Fed is entirely focused on propping up the stock market, has become not only mainstream thought, but overnight in a scathing essay by prominent PIMCO economists, including Mihir Worah, PIMCO blasted the Fed for constantly “flip-flopping”, and telling Janet Yellen […]

Some say Sanders sold out to Hillary, others that he had no choice if Democrats are to beat Trump, but one thing is for sure – the unholy union of Sanders and Clinton today on stage in Portsmouth, New Hampshire will be must-watch for awkward body-language. Sanders is expected to endorse Hillary and her Wall […]

Buratai, Nigeria’s Chief of Army Staff Allegations that Nigeria’s embattled Chief of Army Staff appointed by President Muhammadu Buhari last year, General Tukur Buratai, bought two choice properties in Dubai worth about $1.5 million far above all his earnings as a soldier have continued to raise dust with many prominent Nigerians calling on him to […]Read More

Dasuki Immediate past National Security Adviser (NSA) Colonel Mohammed Sambo Dasuki (rtd) has alleged before an Abuja High Court that the federal government planned to ambush him with double jeopardy in the criminal charges against him in two different high courts in Abuja. Mr. Dasuki said the federal government in the quest to nail him […]

Share on Facebook Tweet on Twitter Ekiti State governor, Mr. Ayodele Fayose, has described as unfortunate the death of about eight persons in a fatal accident which occurred Monday along Eksu/Iworoko road. Mr. Fayose spoke on Monday night when he visited some of the survivors at the Ekiti State University Teaching Hospital. “I sympathise with […]

The Economic and Financial Crimes Commission, EFCC, on July 11 secured the conviction of Pastor Emmanuel Markus Anga and Atin Victor Generous before Justice Abubakar Jauro of Gombe State High Court on two count charge bordering on conspiracy and obtaining money by false pretense. Anga and Generous are alleged to have in November 2013, deceived […]

South Sudan Fighters JUBA (Reuters) – Heavy fighting involving tanks and helicopters raged in South Sudan on Monday between troops loyal to the president and those backing the vice president, risking a return to civil war and further instability in a volatile and poor region of Africa. Clashes between the forces of President Salva Kiir […]

James Entwistle, a U.S. Ambassador to Nigeria who overstepped his bounds and broke diplomatic protocol by storming the presidential election collation centre in Abuja during the 2015 polls, an action never heard of, met President Muhammadu Buhari on Tuesday to say Goodbye. Suspicions that President Goodluck Jonathan was about to rig the 2015 elections led […]

Fitch Ratings yesterdayv downgraded First Bank of Nigeria Ltd’s (FBN) and United Bank for Africa’s (UBA) the Long-Term Foreign Currency Issuer Default Ratings (IDRs) to ‘B’ from ‘B+’.  The agency has also downgraded the National Long-Term Rating of FBN Holdings Plc (FBNH), the parent holding company of FBN, to ‘BBB+ (nga)’ from ‘A(nga)’. Fitch has […]Read More

On Monday July 4, 2016, the Central Bank of Nigeria (CBN) released a Press Statement on Skye Bank to inform the public of its decision to effect key changes on the board and management of Skye Bank Plc because the bank had fallen short of minimum thresholds in critical prudential and adequacy ratios. The statement […]

It must feel good to be a fat money grubbing council member or employee of the Nigerian Stock Exchange (NSE), who does nothing innovative to improve the financial architecture of your country, but still get paid. According to the 2015 Annual report of the NSE, the group distributed N2.68 billion to employees and council members […]