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  • Nasdaq Erases All Brexit Losses

    Songs for the times:  Happy days are here again… You’re at the Top (NASDAQ) Gimme A Pigfoot And A Bottle Of Beer (Drinkin’ with Loretta) Doin’ The New Low-Down (Comey) It Makes No Difference Now (Hillary) With Plenty Of Money And You It’s Only A Paper Moon (ETF) Anything Goes (ECB) Shake ’Em On Down […]Read More
  • Meanwhile, European Bank Default Risk Is Spiking

    “It’s probably nothing…” The headline-maker in Italy is Monte Paschi which has seen CDS soar post the regulatory ban on short-selling stock. At over 1700bps, this implies a 67% chance of default… crushing the hopes and dreams of 100s of thousands of mommas and poppas and Renzi’s dream of reelection… As Bloomberg adds, Banca Monte […]Read More
  • Crude Tumbles As Inventory Draw Disappoints Despite Production Plunge

    Following last night’s larger-than-expected API-reported biggest drawdown in 13 months, DOE reported a mere 2.2mm draw (well below API’s 6.7mm draw and expectations of a 2.5mm draw). Perhaps even bigger was the very small 122k draw in gasoline stocks compared to API’s 3.6mm draw and WTI is tumbling in reaction. However, crude production plunged by […]Read More
  • Nigerian Banks Not Distressed, Country’s Central Bank Asks Investors Not To Panic

    The Central Bank of Nigeria, CBN, says the country’s commercial banks are not distressed as reports had alleged, days after the apex bank took over the management of Skyebank, one of Nigeria’s biggest commercial banks. Skyebank had not released its 2015 results allegedly because the bank recorded huge losses, sources within the bank told TheSimonAtebaNews. […]
  • Rivers APC Hails Buhari Over Niger Delta Peace Moves, Coastal Rail Line Project

    President Buhari with R-L: Secretary General of Commonwealth Rt. Hon. Patricia Scotland QC, Secretary of State, UK Department for International Development Mr Jusne Greening MP and MO Ibrahim of MO Ibrahim Foundation shortly after his Keynote Address at the Commonwealth Anti Corruption Conference for Civil Society, Business and Government Leaders at the Commonwealth Secretariat Marlborough […]
  • Group Drags Nigerian Govs To ICC Over Crimes Against Humanity For Not Paying Workers

    Fayose Nigeria’s Socio-Economic Rights and Accountability Project (SERAP) has dragged Nigerian governors to the International Criminal Court, ICC, over alleged crimes against humanity for not paying already impoverished workers for months. The group said the non-payment of workers’ salaries by several state governments in Nigeria “has made life impossible to live for the workers and […]
  • Checkout Exclusive Backstage Pictures from South Africa Menswear Week SS17

    The biggest Menswear fashion week in Africa, SA Menswear Week SS17, kicked off today at the Capetown Stadium, in Capetown, South Africa. The Menswear Week was opened by new designer, Nicholas Coutts, debuting his first solo collection. Designers from all over Africa will be showing their 2017 Spring Summer collections throughout the fashion week. Nigerian […]
  • End of The Road as Fayose Silences Buhari, EFCC Forever with Most Shocking Message

    The Ekiti State Governor, Ayodele Fayose, has on Wednesday, July 6, said that President Muhammadu Buhari is using an “equally corrupt” Economic and Financial Crimes Commission, EFCC, to fight corruption in Nigeria. “EFCC opinions remain their opinions and if they are so sure of whatever information they have, they should go to court and stop […]
  • Must Read: Checkout This Revolutionary Game Changing Condom

    Condoms might have been around for a very long time, but they haven’t changed much. That is about to change as LELO have launched HEX, a major revolution in condom design. Sex toy brand LELO has made HEX, a groundbreaking condom featuring innovative design and construction to make safe sex more pleasurable and perhaps, eliminate […]
  • Tinubu Fights Back as Presidency Enters Into Secret Negotiation With PDP Looters

    President Muhammadu Buhari has provided a soft landing platform of negotiation for all treasury looters, insisting that they must quickly return stolen public funds in their possession or face the consequences. Buhari, stated this on Wednesday, July 6, while receiving a delegation of Muslim residents in the Federal Capital Territory, FCT, who paid him Sallah […]