admin

Every day, there are a whopping 5,500 tonnes ($212 billion) of gold traded in London, making it the largest wholesale and over-the-counter (OTC) market for gold in the world. To put that in perspective, Visual Capitalist’s Jeff Desjardins notes that  more gold is traded in London each day than what is stored at Fort Knox […]

Submitted by Brandon Smith via Alt-Market.com, The definition of “extremist” is a rather ambiguous issue primarily dependent on opinion rather than fact. That is to say, it is generally the people in power and their propaganda mouthpieces that determine who is an extremist and who is not. There is no set or fair standard. If you […]Read More

President Buhari (middle) President Muhammadu Buhari reaffirmed Wednesday in Abuja that his administration is fully committed and determined to do all within its powers to achieve the rapid diversification of Nigeria’s economy in the shortest possible time. Speaking at a farewell audience with the outgoing Iranian Ambassador to Nigeria, Mr. Saeed Koozechi, President Buhari said […]

???????????????????????????????????? The Court of Appeal sitting in Abuja on Wednesday, May 25, 2016 dismissed the appeal brought before it by the embattled National Publicity Secretary of the Peoples Democratic Party, PDP, Olisa Metuh, ruling that the trial judge, Justice Okon Abang of the Federal High Court Abuja was right when he dismissed Metuh’s no-case-submission. In […]

Statement Accountant General Of The Federation FEDERAL ALLOCATION: FG, STATES, LGS TO SHARE A TOTAL REVENUE OF N281.500 BILLION (including VAT) THE MONTH OF APRIL, 2016. The Federal Government, State  Governments and Local Government Councils received a net statutory allocation of N207.878 Billion as Federal Allocation for the month of April, 2016 which was shared […]

The Lagos State Government on Wednesday signed a Memorandum of Understanding (MoU) to kick-start the construction of the 38km 4th Mainland Bridge expected to gulp N844billion in a Public Private Partnership (PPP) initiative and would be delivered in three years. Speaking at the signing of the MoU held at the Banquet Hall, Lagos House, Ikeja, State […]

Lagos State Governor, Mr. Akinwunmi Ambode (left), receiving the Memorandum of Understanding (MoU) for the 4th Mainland Bridge shortly after being signed from Executive Chairman, Visible Assets Limited, Mr. Idowu Iluyomade while the Commissioner for Works & Infrastructure, Engr. Ganiyu Johnson (middle), watches at the Banquet Hall, Lagos House, Ikeja, on Wednesday, May 25, 2016. […]

Nigerian stocks reacted positively to news that the CBN was adopting a flexible exchange rate regime that many thought could mean a shift to a floating exchange rate system. Nigerian stocks closed trading on Wednesday with a 3.78% gain, a 5-month high while bond prices rose on Wednesday. According to Reuters, the gains were driven by hopes […]Read More

The decision by the Central Bank of Nigeria (CBN) to adopt a flexible exchange rate following the conclusion of the Monetary Policy meeting yesterday has not taken long to start making an impact on investments. The bond market is the latest to have been hit, as Yields on government bonds fell across maturities on Wednesday […]

Investing in the Nigerian economy has been a tail of woes for a lot of local investors as the country grapples with its biggest economic challenges in decades. Corporates are declaring declining profits, jobs are being lost, loans are going bad, asset prices are tanking and the government appears confused and lost. Never has investing […]

International Air Transport Association (IATA), this week, declared that, foreign airlines operating in Nigeria are experiencing great difficulties in repatriating a $575 million revenue, gotten from ticket sales, due to restrictive foreign exchange (forex) policies. The association made this known, at the two-day IATA African Aviation programme, Abuja, attended by, senior government officials and captains […]

President Muhammadu Buhari on Wednesday, said there was no better time to diversify the economy than now. Buhari was speaking at the 56th Annual General Meeting and Conference of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) in Dutse, Jigawa State. The nation’s number one citizen re-echoed that his administration was […]