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Submitted by Doug Casey via InternationalMan.com, What you’re going to read in the next few minutes will be shocking and unbelievable. But it’s also factual and logical. That will make it upsetting and disturbing. Most people are at least vaguely aware of what’s happening. But very, very few are aware of its degree or the […]Read More

The Central Bank of Nigeria on Monday demanded the resignation of the Group Managing director of Skyebank, one of Nigeria’s biggest commercial banks, along with the board of directors, and has appointed a new boss and reconstituted a new board, but inside sources tell TheSimonAtebaNews that what led to the drastic action by the apex […]

Femi Fani-Kayode After 57 days in detention, since he reported to the office of the Economic and Financial Crimes Commission on May 9 at 9.45 a.m., Nigeria’s fiery critic, Mr. Femi Fani-Kayode, was granted bail on Monday. Many believe he may storm the Internet with rage to denounce a witch-hunt by the President Muhammadu Buhari […]

Muhammadu Buhari President Muhammadu Buhari has appointed Dr. Maikanti Kacalla Baru as Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), his spokesman, Mr. Femi Adesina, said in a statement on Monday. Mr. Baru is replacing Mr. Emmanuel Ibe Kachikwu, the Minister of State for Petroleum, who was playing double roles as Minister and GMD of NNPC. […]Read More

President Muhammadu Buhari on Monday warned both South Sudan and Sudan not to make Nigeria’s big mistake by over relying on oil money, but should rather diversify their economies away from black gold. A mono-cultural economy is a trap that should be avoided early enough, Mr. Buhari said while receiving, separately, special envoys from President Salva […]

Share on Facebook Tweet on Twitter President Buhari serving a physically challenged person during breaking of fast with IDPs at the Aso Rock Villa in Abuja. Previous articleBuhari Warns Both Sudans Not To Make Nigeria’s Oil Mistake But Diversify Economies Before It’s Late We are the best online Nigerian newspaper with a blend of international […]

The Ambassador of the United States to Nigeria, James Entwistle, has disclosed that the U.S has decided to stop crude oil purchase from Nigeria. According to him, the price of oil was determined by international market and that the desire of every business person was to get the best product at the best price. “There […]

Nigerian stocks closed trading on a negative note as the all share index dropped -1.07%. Market capitalization at the close of trading was N9,956,851,679,752.23. Highlights of today’s trading session. NSE All Share Index was 28,990.74 down -1.07%. Market capitalization closed at N9.9 trillion compared to last week Friday’s market capitalization of N10.16 trillion. Volume of shares traded was […]Read More

Source: Oando Plc Nigeria’s Oil and Gas Giant, Oando Plc announced on Monday that it has secured a $210 million recapitalization deal for its downstream operations by HV Investments II B.V., (“HVI”). HVI is a joint venture owned by Helios Investment Partners (“Helios”), a premier Africa-focused private investment firm and the Vitol Group (“Vitol”), the […]Read More

The stock market hit its year high at 31,073.30 points before trending down till date to 29,305.40 points The market spiked on the 15th of June 2016 from 27,034-27892 points as CBN announced its New FX Policy to 31,073.30 on the 23rd of June (over 4,000 points). Though the spike made a New high in price but […]Read More

Note: “Buy” refers to the rate you pay if you want to buy forex. “Sell” is the rate that you sell to parallel market operators. Our rates are obtained from black market operators on the mainland and the island of Lagos. We prefer to publish the higher of the two. Dollars Buy   – N350 […]

President Muhammadu Buhari has announced the appointment if new board of directors for the Nigerian National Petroleum Corporation (NNPC). The new appointments now sees the Minister of State for Petroleum and former GMD of the NNPC, Dr. Ibe Kachikwu replaced as the Group Managing Director. He will now become the Chairman of the Board of […]