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President Muhammadu Buhari on Wednesday assured that Nigeria would abide by the International Court of Justice (ICJ) judgment on Bakassi Peninsula. Mr. Buhari spoke at a joint press conference he held with President Paul Biya of Cameroon. He said there was no cause for alarm, but added that the Federal Government would react to the […]

The Nigerian Army said on Wednesday that it had discovered and destroyed Boko Haram’s administrative base in Borno State. Colonel Sani Kukasheka Usman, the Acting Director Army Public Relations, said in a statement that the discovery was made on Wednesday by troops of 156 Task Force Battalion, 29 Task Force Brigade, assisted by Civilian JTF after […]

Chairman of Petroleum Technology Association of Nigeria (PETAN), Bank Anthony Okoroafor has disclosed that Nigeria has lost estimated $10 billion (N1.7 trillion) fresh investments to the non-passage of the Petroleum Industry Bill (PIB). Okoroafor revealed this at the Offshore Technology Conference (OTC) holding in Houston, Texas in the United States (U.S.). The PETAN boss said […]

Mark Mobius is piling into commodity stocks, saying that a rebound in raw-material markets is only getting started after prices sank too far and that gains may be extreme. Templeton Emerging Markets Group will add more raw-material stocks from Asia’s top economy, according to Mobius, executive chairman of the group, who’s been investing in emerging markets […]Read More

Africa’s largest pension fund, the South Africa based Public Investment Corporation (PIC) has said that it will invest about  invest 70 billion rand ($5 billion) in South Africa over the next three to five years. The PIC says the investments is meant to help stimulate economic growth and job creation. The PIC is said to […]

Submitted by David Stockman via Contra Corner blog, The central bank war on savers is rooted in a monumental case of the Big Lie. Here is what a retired worker who managed to save $5,000 per year over a 40 year’s lifetime of toil and sweat in a steel factory now earns in daily interest on a […]Read More

By Bill Gross Of Janus Capital Culture Clash A respected reporter recently asked me what were a few important things I had learned from all this and all of that during the past decade and I surprised myself and perhaps him by answering that I now realized that younger generations – the Xers and Millenials […]

I wonder if all the epic failure in the Obama administration’s middle east foreign policy is because Obama approved hillary using a slackware server in bubbas basement for SAP level comms. Co-mingled with their ashley madison accounts and hundred billion dollar foundation turbotax online accounts? Bill said a couple of days ago: (para) “This is […]

Despite a modest rise in April’s headline Services PMI print to 52.8 (from 52.1) the details under the surface paint a different picture (remaining weaker than its post-crisis average of 55.6). The rate of employment growth was the weakest seen since December 2015 as backlogs of work declined for the ninth consecutive month, which is […]Read More

In 60 years, the US economy has never suffered a 17-month continuous YoY drop in Factory orders without being in recession. Which begs the question: are we in one now. Moments ago the Department of Commerce confirmed that in March, US factory orders – despite rising 1.1% sequentially and above the 0.6% expected –  declined […]

As the avalanche of data comes to an end for today, following factory orders, durable goods final data for March paints an ugly picture of the US manufacturing economy. Not only did Core Durable Goods Orders drop 1.4% YoY – the most since Dec 2015 – but the overall level fell to its lowest since […]

Earlier this week we observed that in what may be Europe’s latest mistake, the European Union is about to grant visa-gree travel to 80 million Turks: a key concession that Erdogan obtained as a result of the ongoing negotiations over Europe’s refugee crisis which has pushed Turkey into the key player spotlight. And then, overnight, […]