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Tuesday morning the SHTF because that is when the margin calls will be heard by MANY  All those who were shorting gold prior to Brexit needed gold to back under 1300 today . . .  looks like they are F*CKED First of many dominos are going to fall Been waiting for this for a long, […]

Earlier this month, Nomura came out with fresh downgrades to McDonald’s, Domino’s, Wendy’s, and Papa John’s, and all of the notes started with the exact same sentence: “Our downgrade is predicated on multiple factors, including slowing in the US restaurant industry same-store sales trends during Q2.“ Nomura downgraded those restaurants for precisely the same reasons […]Read More

Buhari and Saraki shakes hands….. (Saraki is the President of the Senate….Both are not best of friends) Biya’s dinner ‘United them’ President Muhammadu Buhari’s Spokesman has launched a direct attack on Senate President, Bukola Saraki, in a statement on Monday. Below is the statement titled SENATOR SARAKI AND THE FICTIVE CABAL President of the Senate, Dr. […]Read More

President Muhammadu Buhari’s government has been hijacked and there’s now a “government within the government”, the Nigerian Senate President, said in a statement on Monday. “What has become clear is that there is now a government within the government of President Buhari who have seized the apparatus of Executive powers to pursue their nefarious agenda,” […]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   – N346 […]

The Stock Market All Share Index was on a high on Thursday, June 23rd 2016 until something happened. The index had been on a stunning 7% run gaining at least 2% on the three days before the decline on Friday. So what must have happened? Before we get to the whys we will like to […]

Modu Sheriff has suspended the Edo State executive committee of the Peoples Democratic Party (PDP), citing various petitions against irregularities in the congresses that sought to elect State Executive Committee for the chapter. Sheriff had earlier nullified the Plateau State congress of the party and promised to set machinery in motion for the emergence of […]

Fifteen Nigerian States may soon go bankrupt, investigations have revealed.  The states’ Internally Generated Revenues (IGR) in 2015 were far below 10 percent of their Federation Account Allocations (FAA) from June 2015 to May 2016.  The report by Economic Confidential, an economic intelligence magazine also showed that the IGR of Lagos State, N268bn, is higher […]

…Loyalists create mild drama in court  The Senate President, Bukola Saraki, his deputy, Ike Ekweremadu and former clerk to the National Assembly, Salisu Maikasua have all pleaded not guilty to the two charges levelled against them. Saraki alongside his deputy and the former clerk of the National Assembly took their plea at an Abuja FCT […]

Senator Ben Murray Bruce has warned against the call for disintegration of Nigeria, adding that Nigeria is better as a single nation. The Indigenous People of Biafra (IPOB)  officially announced the launch of ‎’BIAFREXIT’ as its campaign slogan following the referendum in Britain on Thursday, which saw the country pulling out of the European Union. […]

A Federal High Court sitting in the Federal Capital Territory, FCT, Abuja on Monday ordered the Governor of Abia State, Okezie Ikpeazu, to vacate office immediately. This order follows allegation that he submitted false information to his party, the People’s Democratic Party (PDP) for the party’s governorship primary in December 2014. In his ruling, Justice […]

Students should start early to have an entrepreneurial mind-set; that way, they open up other options for gainful employment when they are ready to join the job market, says Tony Elumelu, Chairman Heirs Holdings, UBA Plc and Founder of the Tony Elumelu Foundation (TEF). In an inspiring speech, which he gave to students at the […]