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Last week the Central Bank of Nigeria’s data revealed that the country’s external reserves had dropped to about $26.9 billion. The last time Nigeria’s external reserves was this low was in August 2005 when it was about $26.95 billion. The external reserves of Africa’s largest economy has been under pressure since the second half of […]Read More

Shortly after it first went public, Zynga hit a market cap of $9 billion. Since then, the company which had such one time hits as Farmville and Words with Friends has seen its valuation crater, with its public stock now valued at roughly $2 billion. However, excluding the company’s $1.5 billion in cash implies that […]

The dollar’s recent rapid slide has been accompanied by a constant backdrop of dovish cooing from the Fed. Until this week, SocGen’s Albert Edwards notes that both equity and commodity markets had embraced the weak dollar as the elixir to solve all their ills. That relief, however, has now proved fleeting as fear of weak […]

Massive capital outflows from China in an effort to preserve capital is something that we’ve covered extensively in the past (here and here for example). Last month, China’s Ministry of Commerce (MOC) came out to do some damage control, and downplayed the extent of the activity. It also hinted that the government would “help” Chinese […]Read More

Submitted by Richard Sisk via Military.com, A small team of U.S. troops was on the ground in Yemen and Navy ships with Marines aboard were offshore to support friendly forces against an al-Qaeda offshoot as the U.S. deepened its involvement in yet another Mideast civil war, the Pentagon said Friday. Capt. Jeff Davis, a Pentagon […]

Submitted by Danielle DiMartino Booth via DiMartinoBooth.com, Following the Great War, indoor plumbing became without a doubt a Godsend for much of the world. However, few innovative leaps, including even the wonders of indoor plumbing, have ever been entirely free of at least a few drawbacks. Think of electricity and its dependence on any number […]

In his latest must read presentation, Citigroup’s Matt King continues to expose – and be very concerned by – the increasing helplessness (and cluelessness) of central bankers, something this website has done since 2009, fully aware how it all ends. Take Matt King’s September 2015 piece in which he warned that one of the most […]

In a recent interview with CNBC’s Rick Santelli, Richard Fisher, former President of the Dallas Fed, explained “The Fed has the market on Ritalin—trying to keep the mood very smooth, keep volatility down as much as possible. As soon as they hint that they might remove that, then they create the problems they’re afraid of. […]Read More

Via TheFIRE.org, In a stunning attack on freedom of association, Harvard University announced today that members of independent, single-sex, off-campus organizations will be blacklisted from Rhodes and Marshall scholarships and banned from leadership of on-campus organizations or athletic teams. Harvard President Drew Gilpin Faust stated that next year, members of fraternities, sororities, and “final clubs” […]

The war against Boko Haram continues in Nigeria The Court of Appeal in Lagos on Friday affirmed the judgment of a Federal High Court in Lagos convicting and sentencing three members of dreaded terror group, Boko Haram to 25 years imprisonment each. The Appeal Court, in a judgment delivered by Justice Y.B Nimpar, rejected the […]

Share on Facebook Tweet on Twitter Previous article3 #BokoHaram Convicts Sentenced To 25 Years In Lagos, Appeal Court Confirms Earlier Ruling Next articleNigerian Military Warns Mischief Makers We are the best online Nigerian newspaper with a blend of international news, politics, culture, opinion and much more! Share our breaking articles, breaking views and breaking pictures. […]

Share on Facebook Tweet on Twitter The Defence Headquarters (DHQ) hereby warns that it will not condone any unwholesome acts by persons or group seeking to engage in acts that are capable of causing breaking down of law and order in any part of the country. Citizens are advised to refrain from taking laws into […]