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Miss Ese Oruru, the 14-year-old girl, who was allegedly kidnapped and put in the family way by Kano State-born Yunusa Dahiru, alias Yellow, was yesterday delivered of a baby girl in Yenagoa, the Bayelsa State capital. Ese gave birth at the Government House clinic at about 10.15am. Her father, Charles Oruru, who was obviously elated […]

Within the last six months, the Economic and Financial Crimes Commission, EFCC, secured more than 140 convictions and recovered billions of dollars in stolen funds from unscrupulous individuals, the anti-graft body’s chairman, Ibrahim Magu, has said. Mr. Magu spoke Thursday at a rally organised by the EFCC to sensitise Nigerian schoolchildren and teenagers on the […]

Share on Facebook Tweet on Twitter An Islamic State (ISIS) suicide bomber from Mosul tried to blow himself up in the Shia holy city of Kadhimiya in Baghdad. The man was however immediately accosted after intelligence reports led to his arrest. Brave Iraqi Special Forces (ISF) reportedly captured would be suicide bomber before he could […]

These are the five important things that have changed since the inception of the Muhammadu Buhari-led administration which is almost one year now. President Muhammadu Buhari came to power promising Nigerians “change”. Novelist and writer Adaobi Tricia Nwaubani gives five examples of what has changed in Nigeria since 29 May 2015 when he was sworn […]

Martins Njubuigbo Succor has finally come the way of ailing Nollywood actor, Martins Njubuigbo aka Elder Maya after publicly crying for help over his failing health. The veteran actor, who has been down with a liver-related ailment, had solicited for funds from the public to help pay for his surgery without success. Abuja-based cleric Joshua Iginla, […]

United States carrier, United Airlines, Thursday, said it will stop flying to Nigeria next month, thus, ending operations on its only African route. The airline cited weakness in the energy sector and difficulties in repatriating money from tickets sold in the country as reason for the exit. Mr. Kevin Johnston, Head of Press, Europe, Africa, […]

Following the terrible initial Q1 GDP print of 0.5% released one month ago, there was some hope that following some subsequent favorable inventory and trade data, the number would be revised substantially higher, with the whisper estimate rising as high as 1% or more, above the consensus estimate of 0.9%. Moments ago the BEA reported […]

Submitted by Gregory Brew via OilPrice.com, On Thursday Brent crude rose above $50 while the WTI rose to $49.85. The rise in prices came after the EIA reported a dramatic fall in U.S. inventories. The weekly drop of 4.2 million barrels, far more than the 2 million that was expected, triggered a sharp rise in […]

Stocks appear to have left early for the long weekend but USDJPY, Crude, and precious metals are sliding after the disappointing GDP print. Update: USDJPY roundtripped The TSY curve is flattening and gold is sliding… As the decoupling remains… Volume, of course, is de minimus Charts: Bloomberg Average: Your rating: None

Last November, capital markets were discounting a rate hike five months later, based on Fed Funds futures. Same story today. Last November, the S&P 500 was trading near 2100. Same story today. Last November, VIX levels were around 14. Same story today. Last November, instead of waiting five months, the Fed hiked rates one month […]

There was much surprise, as well as accusations of outright voter fraud, when on Monday the Austrian presidential race – which was set to be won by the candidate of the right wing Austria Freedom Party much to the humiliation of Brussels – Norbert Hofer, was handed to his competitor, Green party candidate Alexander Van […]

Having spiked magnificently (and surprisingly) to 11-month highs (from 7-month lows) with May’s preliminary print at 95.8 (driven by a massive spike in ‘hope’), today’s final print of 94.7 (still an 11-month high) dropped from preliminary and missed forecasts. Expectations faded notably from 87.5 prelim to 84.9 final – still an 11-month high for ‘hope’. […]Read More