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One of the cars is seen hanging on a post after a passenger train failed to stop when backing up to its platform at the central station in Karlstad, Sweden, on April 9, 2016. One of the 15 passengers onboard was slightly injured in the accident. / AFP / TT News Agency / Tommy Pedersen […]

Minister of Science and Technology, Dr. Ogbonnaya Onu this weekend, said food importation in Nigeria will soon be a thing of the past. Onu, while paying a familiarisation visit to the Biotechnology and Resource Development Centre (BIODEC) in Bayelsa State, said the nation was well endowed to produce its own food and also export to […]

Ever since the price of oil started its dramatic fall in the second half of 2014, Nigeria’s economy has headed south mostly due to the dip in oil revenue. Nigeria understandably depends on oil for between 75% to 85% of its revenues depending on which data you are looking at. The effect is well documents and […]

CNBC Well Damn!! There are some harsh words for the Nigerian Government in a new report on the country’s fast unraveling economy by CNBC. “Nigeria is in trouble,” Steve Hanke, a professor of applied economics at Johns Hopkins, told CNBC in an interview. “The currency is junk and the government is incompetent and corrupt,” said […]Read More

Overnight China reported April exports and imports, both of which dropped after a strong pick up in March, and missed consensus expectations, confirming “weak demand at home and abroad and cooling hopes of a recovery in the world’s second-largest economy.” Exports fell 1.8% from a year earlier, following a strong 11.5% rebound in March (mostly […]Read More

Last week, American Airlines flight 3950 sat on the tarmac in Philadelphia waiting to take off for a quick flight to Syracuse. Seated together were two people who didn’t know each other; a 40 year-old man with dark, curly hair and foreign accent, and a blonde haired thirty-something woman. The woman looked on as the […]

Last Friday, the US Labor Department released the job numbers, and – big shocker – the American economy added fewer jobs than what everybody was expecting. Whereas most economists were expecting the country’s labor market to create 205,000 new jobs (which would have been a welcome boost), April’s job numbers saw an increase of just […]Read More

When it comes to tracking the nuances at the all important margin of the gold market, few are as observant as ADMISI’s Paul Mylchreest, whose December 2014 analysis showed the stunning role gold holds in the new normal as a funding “currency” for BOJ interventions in the form of a long Nikkei/short gold (and vice […]Read More

On 23 June the British will vote in a referendum to decide whether their country should remain in or leave (BREXIT) the European Union (EU). The importance of this event cannot be overstated, since it will impact the future of the UK – and very likely that of Europe – for decades to come. The […]

Ambassador of US to Nigeria Amb. James Entwistle, Gen. David Rodriguez, Commander, United States Africa Command (AFRICOM), President Muhammadu Buhari, National Security Adviser Babagana Monguno and Perm. Sec. Ministry of Defence Ismaila Aliyu during a presentation by Gen. David Rodriguez, Commander, United States Africa Command (AFRICOM) as Mr President receives in audience Gen. David Rodriguez, […]

Share on Facebook Tweet on Twitter People walk struggling for space between public transport buses and trucks at the burstling Oshodi bus stop in Lagos 06 February 2006. Oshodi is now a beautiful area. The Lagos State Government has announced that there will be temporary closure of one lane of the Lagos-Ibadan Expressway at Berger […]

Minister of Solid Minerals Development, Dr Kayode Fayemi with Canadian High Commissioner to Nigeria, Mr Perry Calderwood at a meeting in Abuja…Canada is one of the leading nations in mining The Federal Government of Nigeria has put in place arrangement for the setting up of an intervention mining fund. According to the Minister of Solid […]