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Lafarge Africa Plc has informed Shareholders of a change in the date of its 57th Annual General meeting earlier scheduled to hold on Thursday, 12th of May 2016 at Zinna-Jasmine Hall, Eko Hotels & Suites, Victoria Island, Lagos at 11 a. m. The Cement firm says the AGM will now hold on Monday, 27th June 2016 […]

Forte Oil has come out with a 21.8 percent increase in first quarter 2016 profits to N954.2 m, from N783.1 m in the earlier period. The power producer and fuel marketer also increased its revenues by 7.8 percent to N35.6 billion in Q1, 2016 from N33.6 billion in 2015. Forte’s operating profit margins rose to […]Read More

Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, disclosed yesterday that the Nigerian National Petroleum Corporation (NNPC) has an outstanding tax debt of over $300 million recorded by NNPC itself. Fowler, told the Adhoc Committee investigating the FIRSaccounting procedures, that the agency will ensure proper assessment of the problem surrounding NNPCs non-adherence to […]

Prince, Quintuple threat instrumentalist-singer-songwriter-producer-performer is dead. He was found dead Thursday morning at his Paisley Park estate in Chanhassen, Minn. Prince was pronounced dead at 10:07 a.m. Thursday According to reports, died aged 57 at his Paisley Park estate in Minnesota today after being found unresponsive in an elevator. The music icon appeared at a […]

The Federal Government on Wednesday said the agreement reached with the Central Bank of Nigeria during the recent one-week official trip of President Muhammadu Buhari to China could not be described as a currency swap. The Minister of Foreign Affairs, Geoffrey Onyeama, disclosed this while answering questions from State House correspondents at the Presidential Villa, […]

While expectations were for nothing new, it appears positioning was for moar as Draghi’s lack of bazooka-ness has sent European stocks lower as EUR spikes against the USD and German Bund yields soar… EUR surging… Bank of America is not happy at this move… EUR move higher may not last and there is nothing new […]Read More

…and that about covers it… really, REALLY good at lying DURING those public speeches too… talented….in all the wrong places… People who meet Obama say he’s likable. Knowing what I know….impossible. “You didn’t build it” “GM is stronger than ever” <yeah, in China and Mexico, putz> “If You Want, You Can Keep Your Doctor” I […]Read More

Submitted by Mike Krieger via Liberty Blitzkrieg blog, For the past week or so, I’ve been warning readers that the supposedly “liberal” state of New York has some of the most repressive voting laws in the country. Before reading the rest of this post, I suggest refreshing your memory on just how undemocratic New York is […]Read More

Moments ago the ECB finally unveiled the long-awaited details of its corporate bond buying program. Here are the details. ECB announces details of the corporate sector purchase programme (CSPP) The CSPP aims to further strengthen the pass-through of the Eurosystem’s asset purchases to the financing conditions of the real economy. Purchases will start in June […]

It’s over. After months of arguing that everything will be ok as investors flee the troubled company, it is now officially over: *SUNEDISON FILES FOR BANKRUPTCY AFTER ACQUISITION BINGE As Bloomberg notes, Terraform Power and Global are not part of the filing. The company reported between $10-50 billion in assets and $10-50 billion in debt. […]

As Obama concludes his fourth and supposedly final meeting to Saudi Arabia as U.S. president, the White House was quick to explain where relations with the Saudi Kingdom lay, and as CNN reported this morning, moved to tamp down suggestions that ties with Saudi Arabia are fraying, with administration officials saying that President Barack Obama […]

what if the target is the gold price… but the collateral effect is on the EUR? in that case, Draghi has only to smile… and do nothing look cog, the ECB is a bunch of national bank governors that prefer less muscular approaches, traditionally most of them are completely “gold neutral”. meaning they have gold […]