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Gold link Insurance Plc released its 2016 Q3 results showing pre-tax loss was N1 billion for the period compared to a pre-tax profit of N126.6 million same period last year. The company reported Underwriting loss of N207.8 million compared to an Underwriting profit of about N1 billion a year earlier. A look at the company’s […]

WARNING: This press release might upset you if are tired of shenanigans Nigerian typically associated with Nigerian politician. Our attention has been drawn to reports in the media that tends to infer and/or suggest that immediate past governor of Rivers State and now Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi surreptitiously and clandestinely ‘leaked’ […]

The storm rocking the South-West chapter of Peoples Democratic Party, PDP, calmed a little yesterday after the party’s two bickering governors in the zone found common ground on the contentious zoning of national offices allocated to the region. Governor Ayodele Fayose of Ekiti State sparked the troubleshooting yesterday, after he made a surprise appearance at […]

President Muhammadu Buhari has directed that strategic programmes and projects contained in the 2016 budget be given priority. Minister of State for Budget and National Planning, Zainab Ahmed disclosed this to reporters after a cabinet meeting presided over by Vice President, Yemi Osinbajo.  She said President Muhammadu Buhari should receive the corrected version of the budget […]

Update: The selling continues as the market opens… The battle between Elon Musk and Jim Chanos continues in the pre-market as non-GAAP exuberance is trumped by epic cash burns and reality-checks from hedge fund managers. The after-hours panic-buying algos appear to have enabled more than a few to exit in a hurry… Even with near […]

It is a comparison that many are making.  Donald Trump, the presumptive Republican nominee for president, is very similar to Ronald Reagan, the 40th President of the United States and icon of modern conservatism.  While these two men share some cosmetic similarities on the surface, in reality they are very different in many ways.  Thus, […]

Submitted by David Stockman via Contra Corner blog, First there were seventeen. At length, there was one. Donald Trump’s wildly improbable capture of the GOP nomination, therefore, is the most significant upheaval in American politics since Ronald Reagan. And the proximate cause is essentially the same. Like back then, an era of drastic bipartisan mis-governance has finally generated an electoral impulse to sweep […]Read More

The coming ‘sharia gold standard’ or shariah compliant gold could lead to a very significant source of  new demand for physical gold coins and bars in the Islamic world. It is believed that this will contribute to much higher prices and gold “soaring” as some of the $2 trillion of assets held in Islamic financial institutions are […]Read More

Despite equity prices soaring to within inches of all-time record highs, it appears ‘rich’ Americans are no longer impressed by The Fed’s handiwork. As Bloomberg’s Consumer Comfort index slumps to its weakest since Dec 2015, high-income (over $75k) Americans suffered their biggest plunge in confidence since October 2013 seemingly unable to revive their animal spirits […]Read More

No argument from me. As far as foreign affairs goes, this stretches all the way back to the Iran-Contra days… and Mena, Arkansas. Non-FFL, blank receiver weapons with no serial numbers went out, nose candy came back, lots of innocent indigs in Central America took dirt naps while the Black communities in the US were […]

Two years after Newsweek wrote an inaugural article upon returning to print in which it “unmasked” bitcoin creator Satoshi Nakamoto and which turned out be a hoax (the author “found” Nakamoto using a white pages search), earlier this week the world was fixated on the story of another self-professed bitcoin “creator”, this time Australian entrepreneuer […]Read More

It has been a terrible year for hedge funds, not only in terms of performance but more importantly when it comes to keeping LPs and investors happy and invested, and it is only getting worse. Recall that in recent weeks some very prominent alternative money managers have been slammed with major substantial requests such as […]