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The Federal Government says it plans to expose more than two million youths nationwide with innovative products and services to the global market through an online portal, ”Nigeriafy”. The Minister of Youths and Sports Development, Mr Solomon Dalung, said this on Thursday in Abuja at the launching of the ‘Nigeriafy’ portal with the theme “Youth […]Read More

Wolf Richter   www.wolfstreet.com Another retailer is heading for bankruptcy. This time Aeropostale, with 800 teen-clothing stores, after three years in a row of losses. It’s “preparing to reorganize under a Chapter 11 bankruptcy, and could file as soon as this month, according to people familiar with the matter,” Bloomberg reported today. Upon Bloomberg’s propitious report, Aeropostale shares […]Read More

You know the British establishment is in full panic mode when not only do they allow President Obama to visit the nation just a month after throwing Cameron “distracted by other things” and his European neighbors under the bus over the collapse of Libya, but, despite 100 members of Parliament signing a letter telling Obama […]

Nigeria may be expecting the United States to help, with information gathering, locate the Chibok girls, kidnapped by Boko Haram two years ago, but the U.S. Ambassador to the United Nations, Samantha Power, averred on Thursday that President Barack Obama’s country does not know where the girls are, because “Boko Haram has been very good […]

The Economic and Financial Crimes Commission (EFCC) yesterday arrested former Minister of Finance, Senator Esther Nenadi Usman. Usman was alleged to have received N2.5bn out of the over N4bn transferred out of the Central Bank into various individual’s and companies’ accounts. You may recall that Senator Usman was the Director of Finance of the PDP […]

Thisday AfDB Pledges $300m Financing Support to Youths in Agriculture:The Country Director of the African Development Bank (AfDB), Ousmane Dore, said that the bank plans to invest $300 million to support the youth in agriculture campaign in the country. MTN’s Subscriber Base Falls 1.4% in First Quarter:MTN Group Limited’s subscriber numbers fell during the first […]Read More

Minister of State for Aviation, Senator Hadi Sirika has given the Federal Airports Authority of Nigeria (FAAN), the Nigerian Airspace Management Agency (NAMA) and the management of Arik Air Group two weeks to resolve all issues relating to indebtedness between the respective organizations. Sirika gave this directive yesterday, when he met with with the management […]

Submitted by Simon Black via SovereignMan.com, I’ll start with a confession. Based on the returns I’ve just prepared for 2015, my tax bill for the year amounts to exactly $0.00. In fact, for the second year in a row, I legitimately owe zero tax. And I’m damn proud of that. (And no, it’s not from […]Read More

Back In April 2010, the world was stunned when in what would be the first major case dealing with the fallout from the endemic fraud prevalent during the last housing and credit bubble, the SEC charged Goldman Sachs and Paulson with securities fraud over the infamous Abacus CDO, which was subsequently featured in Michael Lewis’ […]

After warning last year of a “practically unavoidable” hard-landing to come in China, George Soros unleashed his central-planner-crushing self last night on the great red ponzi. As we noted last night, Soros warned the “parabolic” rise in credit  is very worrisome, and “eerily reminiscent of US in 2007-8,” specifically adding that “most of the money […]Read More

Back in December 2014, just before the ECB officially launched its initial phase of QE in which it would monetize government bonds, Mario Draghi was asked a very direct question: what types of assets could the ECB buy as part of its quantitative easing program. He responded, “we discussed all assets but gold.” The reason […]

Submitted by Michael Snyder via The Economic Collapse blog, If you had to make a sudden visit to the emergency room, would you have enough money to pay for it without selling something or borrowing the funds from somewhere?  Most Americans may not realize this, but this is something that the Federal Reserve has actually […]