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On the heels of downward price momentum from positive headlines out of Alberta with regard the wildfires, Genscape has just reported a forecast 1.4 million barrel build at Cushing – significantly above expectations and recent activity. This has pushed WTI crude further below the pre-Saudi oil minister levels and back to a $43 handle… Average: […]

Originally posted at Themis Trading, Sometimes it’s nice to get a sanity check and hear other investors and market professionals views on how the stock market has changed over the past few years.  We hear more and more from various market participants that the market seems to be one big correlated beast that doesn’t trade on […]Read More

For the fourth month in a row, Labor Market Conditions – according to The Fed – have contracted, the longest streak since the financial crisis. At the same time, despite having fallen from recent highs, the government’s Labor Department proclaims non-farm payrolls continue to improve… because the narrative of consecutive monthly job gains must stand.   […]Read More

Late last week, we shared what may be the most concise summary of the ongoing political theater involving the impeachment process of Dilma Rousseff, who as is well known has already been impeached, but where virtually every other actor is just as guilty of corruption and/or kickbacks. To wit: A Brazilian Supreme Court justice ruled […]

While I would never understand why any investor would put his hard earned money in a stock like FBN Holdings, for those that are even remotely considering it, Renaissance Capital came out last week with a sell rating on the bank. Reasons for the ratings are explained below by Rencap: Inadequacy of provisions: 37% total […]

President Muhammadu Buhari will on Tuesday, May 10, 2016 depart for London to participate in the international Anti-Corruption Summit which will be held in the British capital on Thursday, May 12, 2016. According to the Special Adviser to the President on Media and Publicity, Femi Adesina, Buhari will play a prominent part in the summit […]

Africa’s second largest economy, South Africa has reported that its unemployment rate rose to 26.7 percent of the labour force in the first quarter of this year up from 24.5 percent in the fourth quarter of 2015. According to the report, about  5.714 million people without jobs in the first quarter compared with 5.2 million previously. […]Read More

President Buhari will on Tuesday, May 10, 2016 travel to the United Kingdom to participate in the international Anti-Corruption Summit which will be held in the British capital on Thursday, May 12, 2016. According to the Special Adviser to the President on Media and Publicity, Femi Adesina, Buhari will play a prominent part in the […]

Lekan and the late Ronke The man who allegedly killed his wife in the Egbeda, Lagos area, Lekan Shonde, has told PUNCH Metro that his wife, Ronke provoked him by describing vividly how her lover slept with her in a hotel in Abu Lekan, a depot worker in the Apapa area of Lagos State, said […]

President Muhammadu Buhari President Muhammadu Buhari’s 2016 budget, known as the budget of change, will take Nigeria nowhere, economist Henry Boyo concluded on Monday morning. Appearing on Television Continental (TVC) in Lagos, the CEO of Allied Technol Systems Limited wrote off almost Buhari’s entire budget, wondering why the government is going to borrow N2.2 trillion […]Read More

The crisis is worsening in the Niger Delta since the Avengers began striking oil facilities. Local newspaper, The Vanguard reports that Shell has started evacuating staff. WARRI—The activities of Niger Delta Avengers, the new militant group in the oil-rich region, have forced Royal Dutch Shell to evacuate most of its staff from its production facility, […]

Information reaching Nairametrics about activities at the Federal Inland Revenue Service (FIRS), suggests that the new chairman of the Federal tax agency Babatunde Fowler may be causing more harm than good since he assumed office last year. Interviews with a number of FIRS insiders and top officials indicate that Fowler is “way out of his […]