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Newly appointed Chief Executive Officer (CEO) of South Africa’s biggest consumer foods maker Tiger Brands; Lawrence MacDougall, has said that the company would review its strategy and overhaul its operations, after a botched investment in Nigeria and difficulties in South Africa and its other exports markets. Tiger Brands is facing shrinking demand for its products, […]

Source: Central Bank Of Nigeria The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.

IS ‘Destroyed Helicopters’ At Russian Base New satellite imagery appears to reveal extensive damage to a strategically significant airbase in central Syria used by Russian forces after an attack by so-called Islamic State (IS). Four helicopters and 20 lorries were destroyed in a series of fires inside the T4 base last week, the images from […]

Share on Facebook Tweet on Twitter Tutu’s Daughter Loses Church Licence After Gay Marriage Desmond Tutu’s daughter has been forced to give up her duties as a priest in South Africa’s Anglican church after she married a woman, she told AFP on Tuesday. Reverend Canon Mpho Tutu-van Furth can no longer preside at Holy Communion, […]Read More

Share on Facebook Tweet on Twitter Oduah Urges INEC To Include Independent Candidacy In Electoral Act Senator representing Anambra North Senatorial District, Sen. Stella Oduah has called on the Independent National Electoral Commission (INEC) to include independent candidacy in the Electoral Act. Oduah, who made the call in an interview with the News Agency of Nigeria (NAN) in […]Read More

Share on Facebook Tweet on Twitter Champions League Groups Draw Made In Cairo Tuesday Group A Zesco Utd (ZAM), Al Ahly (EGY), ASEC Mimosas (CIV), Wydad Casablanca (MAR) Group B Enyimba (NGR), Zamalek (EGY), Entente Setif (ALG), Mamelodi Sundowns (RSA) Note: Sundowns replaced V Club (COD), who were disqualified for fielding an ineligible player in […]

The Edo State Government has approved the appointment of His Royal Highness, Edaiken N’Uselu, Crown Prince Eheneden Erediauwa, as the Oba of Benin. The appointment is with effect from April 29, 2016. In a letter dated May 24, 2016, signed by the Secretary to the State Government, Prof. Julius Omozuanvbo Ihonvbere, titled: “Appointment of His […]

Economic and Financial Crimes Commission, EFCC has declared former senator and Peoples Democratic party flag bearer for the last gubernatorial election in Osun state wanted. The declaration is in connection with a case of receiving and misappropriating the sum of over N700, 000,000.00 from the Office of the National Security Adviser, between June and November, […]

… Official exchange rate: N250 to $1: Parallel market rate:N398 – N450 to $1. The Monetary Policy Committee of the Central Bank of Nigeria has directed the management of the apex bank to adopt a flexible exchange rate policy. The CBN Governor, Godwin Emefiele, disclosed this on Tuesday while addressing journalists shortly after the end of […]

Submitted by Jeffrey Snider via Alhambra Investment Partners, So thoroughly destroyed is Japan’s economy that some of the numbers it produces are beyond comprehension, just staggering in any meaningful context. For example, Japan’s real GDP (SAAR) for Q1 2016 was ¥530 trillion (chained 2005). That compared to ¥447 trillion in Q1 1994. Over two decades […]Read More

This past weekend in Chicago saw another five killed and 40 wounded in shootings, slightly down from Mother’s day weekend when eight people were killed and 42 wounded. The two weekends are indicative of what’s taking place in the homicide riddled city, in which the number of people shot so far this year is running […]

Following Trump’s bombardment of Bill and Hillary Clinton over the past 24 hours, first with a video clip featuring Bill rape accusers Kathleen Willey and Juanita Broaddrick, and shortly thereafter by digging up the most sensitive skeleton in the Clintons’ closet, that of Vince Foster, whose death Trump said he found “very fishy“, we wondered […]Read More