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A trader changes dollars with naira at a currency exchange store in Lagos, Nigeria in this February 12, 2015 file photo. REUTERS/Joe Penney/Files ABUJA/WASHINGTON (Reuters) – Nigeria’s central bank denied on Saturday a website report that the West African nation planned to devalue the naira currency. Speculation of a devaluation has been rife since Vice […]Read More

A signpost painted by Boko Haram is seen in the recently retaken town of Damasak, Nigeria, March 18, 2015. REUTERS/Emmanuel Braun By Ulf Laessing ABUJA (Reuters) – Boko Haram jihadists are likely to step up cooperation with Islamic State should the latter extremist group gain a stronger foothold in Libya, a senior British official said […]

President Muhammadu Buhari is known to be waging a tough war against corruption, but British Newspaper, says it may all be pretentious as his own minister, Mr. Rotimi Amaechi, is accused of mega corruption. Their story is below. Is Nigerian leader’s pal ‘fantastically corrupt’? Friend of African president accused of stealing £500million Muhammadu Buhari seen […]Read More

President Buhari with Prime Minister David Cameron and U.S. Secretary of States John Kerry at the Opening Plenary of the Anti Corruption Summit at the Lancaster House London, United Kingdom on 12th May 2016 Nigeria’s President Muhammadu Buhari needs to address grievances in the Delta region where militants have been blowing up oil pipelines in […]

Lisa G. Froman I’m not Bono. Or Ellen DeGeneres. Or the Dalai Lama. Chances are pretty good that I’ll never front a cool band, host the Oscars or lead a nation of Buddhists. Or stand like them in front of a class of soon-to-be college graduates delivering a commencement speech. But I’ve earned some street […]Read More

By Wolf Richter of Wolf Street Freight shipments by truck and rail in the US fell 4.9% in April from the beaten-down levels of April 2015, according to the Cass Transportation Index, released on Friday. It was the worst April since 2010, which followed the worst March since 2010. In fact, shipment volume over the four […]

By EconMatters Pension Funds oftentimes are just duplicating existing market strategies and exposure by allocating capital to Hedge Funds while paying higher costs for underperforming a simple SPY Long position the last 7 years. [embedded content] © EconMatters All Rights Reserved | Facebook | Twitter | YouTube | Email Digest | Kindle    Average: Your rating: […]

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Imam Imam, spokesman for Governor Aminu Waziri Tambuwal in Sokoto Let me bore us a little with a personal story. As a young secondary school student in the North, I questioned the wisdom of my teachers when told I had to choose between one of History and Government as a subject of study for my […]

Mr. Ganduje made the disclosure while inspecting construction of Gidan Boss road, Sharada/Mabobi underpass, Ultra Modern Skills Acquisition Center and the first phase of 2,000 housing units at Amana City respectively on Thursday, the government said in a statement. The governor argued that the projects would change the face of Kano. He assured that all […]

I am so sure most readers have heard these words Force majeure being used by oil companies over and over when trouble looms, but seem not to understand what exactly it means in its real sense. Well for the benefit of those who fall in this category, I will tell you what it means. Force […]

A typical discussion amongst guys during a regular hangout, most especially after a few drinks is on the financial status of successful Nigerians. After a lot of raised voices, the discussion attempts to find resolution by speculating on the amount of cash in the said individual’s bank accounts, the value of the individual’s assets and […]