admin

Ibrahim Magu, EFCC Boss An Abuja High Court has ordered the Economic and Financial Crimes Commission (EFCC) to pay a sum of N10m damages to an Abuja based foreigner and security expert Mr. Wolgang Reinl over his unlawful detention and seizure of his international Passport by the anti-graft agency. The N10m fine was imposed on […]

Companies at the end of a reporting period may choose to declare dividends to its shareholders as part of the distribution of profits that it makes. Dividend is proposed by the board of directors of the company and approved by its shareholders at the AGM. Dividends can however be paid once or twice a year […]

Submitted by Mike Shedlock via MishTalk.com, Pretending Period is Over The refugee crisis in Europe got more interesting this week. Within hours of Brussels giving the green light on Merkel’s ill-advised deal with Turkey, Turkish president Recep Tayyip Erdogan sacked sacked Ahmet Davutoglu, the prime minister who negotiated the deal with German chancellor Angela Merkel. […]

Share on Facebook Tweet on Twitter Alicia Keys’ last song was “Girl On Fire” in 2012 and since then the music star has been a bit off the radar with new music. Alicia Keys fans can rest easy though because she just released “In Common” off her forthcoming album. The 15-time Grammy winner and mother […]Read More

The latest World Bank’s report on Doing Business (2016) has placed Nigeria as number 169 among 189 countries in its ease of doing business ranking. This position is an improvement compared to last year’s ranking which placed the country at number 170. The rankings which are benchmarked to June 2015, are based on the average […]

Stars of “The Colour Purple” Cynthia Erivo and Danielle Brooks were both nominated in the leading actress and featured actress categories, respectively for the 2016 Tony Awards and fellow actress Jennifer Hudson (who wasn’t nominated herself) congratulated them on Instagram: “Very proud and overwhelmed to say congrats to @cynthiaerivo @daniebb3 @color purple entire cast on tony […]Read More

Governor Nasir El-Rufai Governor Nasir El-Rufai of Kaduna State has announced a minor cabinet reshuffle affecting four commissioners in the state. A statement issued on Tuesday in Kaduna by Samuel Aruwan, Special Assistant to the Governor on Media and Publicity, indicated that those affected were Professor Jonathan Nok, who moved to Ministry for Education, Science […]

Share on Facebook Tweet on Twitter Stock Market Report For May 4, 2016 Equity transaction on the floor of the Nigerian Stock Exchange for today ended with the All Share Index at 25, 715.42.0.58% and the Market Capitalization at 1,845,628,456,647.34 with the volume gaining 330, 568,463.00 and  deals at 4, 053.00 and  the value 2,259,974,672.44 […]Read More

There is a paradox of capitalism, we’ve reached a point where those at the top, have an unlimited budget to maintain the status quo, increase their wealth, and develop an ever increasing sophistocated toolbox to manage empire and maintain their dominance.  As we explain in Splitting Pennies – this is no where more obvious than […]

Former chief security officer (CSO) to late Head of State, General Sani Abacha, Major Hamza Al-Mustapha, has criticised the anti-corruption project of the President Mohammadu Buhari administration saying that it leaves much to be seen. Al-Mustapha, who spoke to journalist in Abuja after an award as the Grand Commandant of the Rescue And Guard Response […]

One week ago, Deutsche Bank’s Dominic Konstam unveiled, whether he likes it or not, what the next all too likely step will be as central bankers scramble to preserve order in a world in which monetary policy has all but lost effectiveness: “It is becoming increasingly clear to us that the level of yields at […]

Submitted by John Rubino via DollarCollapse.com, For the past 50 or so years, the quickest way for a sharp young sociopath to get rich has been to join an investment bank or hedge fund. The former were riding a “regulatory capture” gravy train that became ever-more-lucrative as new government agencies morphed into subsidiaries of Wall […]