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President Muhammadu Buhari says his administration will not hide anything from Nigerians in its resolute commitment to restore the economic fortunes of the country and deliver prosperity to Nigerians. Receiving the Northern Christian Leaders Eagles Eyes Forum at the State House, Abuja on Friday, President Buhari appealed to the religious leaders not to lose hope […]

There is tension and frantic scheming among former army chiefs and other top officers of the Nigerian Army as the Presidential Committee on Defence Equipment Procurement in the Nigerian Armed Forces has concluded its task and is set to submit its report to President Muhammadu Buhari in the coming days. A reliable  source close to […]

Two people were injured, Friday,  at the General Aviation Terminal of the Murtala Muhammed  Airport, Lagos when the gun carried by a man identified as an orderly to a senator accidentally discharged on him and a woman as he tried to remove the magazine . The orderly who was to travel on Arik Air and […]

The Niger Delta Avengers on Friday said it has blown up another oil pipeline operated by a subsidiary of Italian oil major Eni in Bayelsa. “At about 3:00 am (0200 GMT) to 5:00 am, the Niger Delta Avengers blew up Nembe 1, 2 and 3 trunkline in Bayelsa/Rivers states,” spokesman Mudoch Agbinibo said in a […]Read More

 Following the decision of the Nasarawa state government to reduce workers’ salaries by 50 percent, the state labour Union commenced an indefinite strike on Friday to register it’s displeasure at the decision. However the state Governor Umaru Tanko Al-Makura  vowed not to go back on this decision. This decision of  Nasarawa labour to reject the government’s […]Read More

Submitted by Nick Cunningham via OilPrice.com, OPEC has captured its largest share of the oil market since 1975, which could be seen as a vindication of the cartel’s strategy over the past two years. But it also creates vulnerabilities for the U.S. and others, who are once again increasingly dependent on the Middle East for […]

After several years of trying to put a positive spin on economic data in an attempt to validate the success of Fed policies, which in light of recent events have clearly failed with bond yields today touching new all time lows and market-derived inflation expectations about as low as they have ever been while even […]

The latest consumer credit report confirmed what we have now known for years: revolving credit remains stagnant at best, with just $2.3 billion in credit card debt added in May, a modest rebound from last month’s $1.4 billion but certainly nowhere near pre-crisis monthly increase levels. Why not? Because US consumers once again found a […]

One of the most enduring legacies of the financial crisis is the death of the credible notion that traders flock in and out of “safe havens.” As Bloomberg’s Richard Breslow notes, investors don’t particularly care to seek safety. Why waste the effort when the central banks will be buying the dip if you don’t. It’s […]Read More

Submitted by Pater Tenebrarum via Acting-Man.com, Gold Continues to Mimic the 1970s Ask and ye shall receive… we promised we would update the comparison chart we last showed in late November in an article that kind of insinuated that it might be a good time to buy gold and gold stocks (see: “Gold and Gold […]

If there is a ‘Civil War’ in the US, it will not involve “White folks”. They only collect copious G&A as pacifiers, but are anathema to actually use them against the Gov.  “Colored Revolutions are for Colored People (of 50 shades of Brown), or Eastern Europeans”, I’ve noticed. By the time that the guilt-riddled Whiteys […]Read More

Well punk, “do you feel wealthy?” [embedded content] First things first, there is this… (2130.82 record close, 2134.72 record intra high) *S&P 500 RALLIES 1.6% TO 2,130.83, RISING ABOVE RECORD CLOSE And then there is this… for 2016… And since Brexit… And today… While on the topic – cash indices reached pre-Brexit levels… Stocks went […]Read More