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The Nigerian military has disclosed that another girl of the Government Secondary School, Chibok, Borno State abducted by the Boko Haram two years ago has been rescued. This is coming barely 24 hours after Amina Ali Nkeke was rescued by the combined military and Civilian JTF operations. Army spokesperson, Usman Sani, a colonel, confirmed the rescue in […]

The All Progressives Congress (APC) National Leader, Asiwaju Bola Tinubu, on Thursday said the removal of subsidy on petrol by the Federal Government took courage but was necessary and inevitable. He said a situation where bogus suppliers were paid huge sums for supplying nothing while long lines of queues remained was unsustainable. Tinubu believes the […]

Gunmen suspected to be members of a criminal gang have killed Mr.Denen Igbana, Senior Special Assistant on Security to Governor Samuel Ortom of Benue State. Our checks show that the assailant stormed his house around 2AM on Friday and shot him. One Terwase Agwaza also known as Ghana and former leader of the notorious criminal gang […]

Mr. Raymond Omatseye, a former Director-General of the Nigerian Maritime Administration Safety Agency(NIMASA), has been  sentenced to five year jail time for  a N1.5bn contract scam, by Federal High Court sitting in Lagos. The Economic and Financial Crimes Commission had arraigned him before  the Court  for engaging in contract splitting and bid rigging estimated at over […]Read More

Via Dana Lyons’ Tumblr, The prices of industrial metals have dropped to a near-record low level relative to precious metals, a trend that has had larger negative consequences in the past. It seems that one of the fads among market technicians recently is the utilization of “ratio’ charts. That is, the comparison of one one asset’s […]Read More

Now that 13-F reporting season is over, we have the data to compile who bought, who sold, and what the top holdings of the largest hedge funds are. To help in that endeavor, we used the latest Q1 Hedge Fund quarterly ownership highlights courtesy of FactSet. This is what it found: Equity Exposure Declines 6.9% […]

For most investors, the sudden collapses in stocks that we keep experiencing feel they like they come “out of the blue.” After all, we are told incessantly by the Government and the media that the economy is going strong and that everything is great for the stock market. If those claims are true, how do […]

It had been a bad week for Dennis Gartman who just yesterday admitted that Wednesday “was our worst day of the year thus far, as that which we were long of fell and that which we were short of closed unchanged. Long ago we learned that when things go awry and do so as “majestically” […]

Submitted by Wolf Richter via WolfStreet.com, A leading indicator of big trouble. This could not have come at a more perfect time, with the Fed once again flip-flopping about raising rates. After appearing to wipe rate hikes off the table earlier this year, the Fed put them back on the table, perhaps as soon as […]

Submitted by John Rubino via DollarCollapse.com, Somewhere back in the depths of time the world got the idea that easy money — that is, low interest rates and high levels of government spending — would produce sustainable growth with modest but positive inflation. And for a while it seemed to work. But that was an […]

Earlier this week, Goldman unleashed the latest oil rally when it admitted that while the oil market will take far longer to rebalance due to rising low-cost oil production, it said that material supply disruptions are providing a boost to near-term prices. Goldman provided the following visualization of unplanned ongoing outages … … where it […]

Single-family existing home sales rose just 0.6% MoM in April with The South and The West regions seeing notable declines in sales (down 2.7% and down 1.7% respectively). What saved the headline priont was a 10.3% surge in Condo sales – among the best monthly spikes since the crisis helped by a spike in sales […]