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Recently France’s government used an obscure article of its constitution to bypass parliament on labor reform proposals. Ultimately the reforms make it easier lay workers off, and allows for an increased work week. As we said at the time, protests and public anger will only intensify after this unprecedented legal maneuver was implemented by an […]

Submitted by Charles Hugh-Smith of OfTwoMinds blog, Geography charts the financial destiny of households, at least in terms of housing. Everyone who follows the statistics of rising income and wealth inequality knows we’re becoming a nation of haves and have-nots. What’s not being discussed is the role of housing. Let’s start by recalling that for […]Read More

While we are not sure if the market has finally had time to actually read Goldman’s oil note from Sunday night (posted here at the same time) and understand that far from bullish Goldman actually warned that the market rebalancing is taking far longer and as a result is lowering its 2017 price targets, there […]

logo Niger State governor, Alhaji Abubakar Sani Bello said on Monday that the state would no longer sponsor pilgrims to Holy lands of Jerusalem and Mecca. The decision was contained in a statement signed by the Chief Press Secretary to the governor, Malam Jibrin Baba Ndace in Minna. The governor said the present economic challenges […]

Nigerian House of Representatives The House of Representatives on Monday urged the leadership of the Nigeria Labour Congress to suspend the union’s planned strike to protest the removal of subsidy on petrol by the Federal Government. This was, however, after there was confusion in the House for about 20 minutes as some Peoples Democratic Party […]

Talks between the Federal Government and organised labour on the increase in the pump price of petrol ended in a deadlock on Monday night. Briefing journalists at the end of the four-hour meeting on Tuesday morning, the Secretary to the Government of the Federation, Mr. Babachir Lawal, said the two parties had “a fruitful discussion […]

Lagos State Government has approved the reopening of buildings belonging to Lekki Worldwide Estates Limited, owners of Lekki Gardens. This is coming after all the buildings in Lekki Gardens had gone through Structural Stability and Integrity Test. In a statement by the Lagos State Commissioner for Physical Planning and Urban Development, Wasiu Anifowoshe, the buildings […]

Reports reaching us states that men of the Economic and Financial Crimes Commission, (EFCC), last night arrested Ambassador Hassan Tukur. Tukur was the Principal Private Secretary, PPS, to former President Goodluck Jonathan. According to sources, he was picked up in his Abuja residence. His arrest might be connected to investigations on how government monies were […]

The United States is the most indebted nation in the world. The U.S Treasury Department just released a breakdown of foreign debt holdings of its $13.4 trillion Treasuries market, by oil producing nations including Nigeria. The data shows that Nigeria owns $3.1 billion in U.S Treasury debt as of March 2016. Saudi Arabia was the […]

Central Bank Of Nigeria (CBN) Last week, sold a total of $130.755.294.59 to 14 commercial banks, 4 merchant banks and the Bank of Industry(BIO), indicating a reduction in Foreign Exchange(FOREX) allocation, by $5.283.163.58. Forex returns publication, shows a decline in the amount of allocation and number of financial entities that are allotted. United Bank of […]Read More

Isn’t the advert amazing. Drop a comment and tell us what you think. What was your best part? Note: This is not a paid ad for MTN and we (Nairametrics) do not endorse them. We just loved the concept. The post above and its ensuing comments, if any, is purely the opinion of the writer(s). […]