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One time Director-General of the Nigerian Maritime Administration Safety Agency, Raymond Omatseye, got  jailed Friday for five years. While delivering  judgment in a case brought by the Economic and Financial Crimes Commission, Justice Rita Ofili- Ajumogobia of the Federal High Court convicted Mr. Omatseye for a N1.5bn contract scam. Details of the judgment is yet to be fully received […]Read More

Two Nigerian soldiers have been confirmed dead and several others injured in a boat mishap in Delta State, a day after a soldier drowned in Bayelsa State. The latest incident, which happened on Friday, involved a military patrol team around the creeks of Egwa 1, near an SPDC flow station in Warri South West Local […]

Authored by Claire Bernish, Op-Ed via TheAntiMedia.org, Trump will be the next president of the United States. Now, before you take up arms over that statement, take a minute to carefully peruse the evidence pointing to precisely such an outcome. Because – no matter your opinions concerning the maladroit, cocksure demagogue with a fondness for […]

   “I’ve been coming to Singapore once a year for the last 15 years, and flying in I have never seen the waters so full of idle tankers,”    – Senior European oil trader a day after arriving in the city-state. Back in November, when the world-record crude inventory glut was still in its early […]Read More

By EconMatters Kyle Bass focuses much of his commentary on what`s going on in China, and in actuality the Fed has been the biggest driver of price in this trade so far the past year. [embedded content] © EconMatters All Rights Reserved | Facebook | Twitter | YouTube | Email Digest | Kindle     Average: Your […]

Without a major currency reform (read: the installation of a currency board), the weakness of Nigeria’s naira will not end anytime soon. This is bad news for inflation, which, according to my Cato Troubled Currencies Project estimate, has exploded to an annual rate of 58.6 percent. This is a long way from the official estimate […]

Following two days of searching, Egyptian crews have located the data recorders for EgyptAir Flight 804 close to an area where human remains and debris from the crashed flight have been found, CBS News reports citing government sources. Planes and vessels from Egypt and five other countries – Greece, Britain, France, the United States and […]

Submitted by Joseph Jankowski of Planet Free Will.com Portland School Board Bans Literature Denying Climate Change There will be no more discussion as to whether or not humans are contributing to climate change in the Portland, Oregan public school system, as the school board plans to ban all material that denies the existence of man-made climate […]

That the Great America PAC raised $514k in April in support of Donald Trump isn’t very surprising, what is surprising however, is the fact that 81% of those funds came from donors giving less than $200. The PAC was established in early February, and during that month it raised $74k with just 22% from small […]

Submitted by Carey Wedler via TheAntiMedia.org, The world’s most famous whistleblower, Edward Snowden, took Twitter by storm when he created an account last year. Since, he has criticized everyone from the FBI to Google, so his latest post on the CIA should come as no surprise. Commenting on revelations the CIA “inadvertently” destroyed a copy […]Read More

Deutsche Bank is investigating a series of trades that may have improperly generated millions of dollars in personal profits for a handful of current and former employees. One of those named in the scheme is Colin Fan, former co-head of Deutsche Bank’s investment bank who left as part of a shake-up last October (allegedly due […]

Submitted by Rakesh Upadhyay via OilPrice.com, The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian […]