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Submitted by David Stockman via Contra Corner blog, While the robo-traders play tag with the chart points, it is worth considering how it will all end. After all, at today’s close the broad market (S&P 500) was valued at 24.3X LTM earnings per share. That is, valuations are in the nosebleed section of history, but financial […]Read More

What goes up… must not be allowed to… Someone just decided this was the perfect time to dump over $2 billion worth of notional paper gold onto the markets… Over 16,000 gold contracts (and 7,500 silver) were dumped in that 5/10 minutes segment. It appears Draghi did not like the impression of his impotence that […]Read More

Last week, the US Navy and Air force were livid when Russian fighter jets first buzzed the US missile destroyer USS Donald Cook in the Baltic Sea, and just days later flew within 50 feet of a US recon plane also flying over the Baltic Sea, which some interpreted as a Russian warning to Poland. […]

Share on Facebook Tweet on Twitter Aminu Tambuwal, transforming Sokoto The Sokoto government said on Thursday it had paid the debt owed the Assets Management Company of Nigeria (AMCON) and retaken possession of the state furniture company. The state also announced that it had opened discussion with some German and Kenyan investors ready to bring […]

Polio vaccine Nigeria’s Civil Society Legislative Advocacy Centre (CISLAC) warned on Thursday that recent gains recorded as a result of sustained child immunisation may soon be lost, alerting that a resurgence of the defeated polio endemic may now be a possibility as well as thousands of other avoidable child deaths as a result of budget […]

Minister of Power, Works & Housing Babatunde Fashola and Minister of Trade & Investment Okechukwu Enelamah shortly before President Buhari presided over Federal Executive Council Meeting (FEC) in Statehouse on 20th April 2016 Press Statement The attention of The Transmission Company of Nigeria (TCN) has been drawn to publications in the media insinuating looming nationwide […]

Olisa Metuh The National Publicity Secretary of the People’s Democratic Party, PDP, Mr. Olisa Metuh, has issued a statement, clarifying that he is not seeking any elective office during the national convention of his party where national officers who will pilot its affairs in the next four years are expected to emerge. Below is Metuh’s […]

The United States Consulate General in Lagos will host a Google Hangout on Tuesday, April 26, at 3 p.m., to respond to questions from the public on the U.S. student visa applications process and about living and studying in the United States, the Mission said in a statement on Thursday. “On-air-personality Rufai Oseni of Inspiration […]

MAIDUGURI, Nigeria (Reuters) – Two female suicide bombers have killed at least eight people at a camp for people displaced by the jihadist Boko Haram insurgency in northeast Nigeria, a community security force member and a customs official said on Thursday. The bombings happened around 8 a.m. (0700 GMT) on Wednesday in the town of […]

vendor holds chickens for sale on Christmas eve at Kara market, some 30 km north of Lagos, in Ogun State, southwest Nigeria, on December 24, 2015. / AFP / PIUS December 24, 2015| Credit: PIUS UTOMI EKPEI Lagos State press release not an investigation by TheSimonAtebaNews  Six associations plying their trade in Okobaba Foreshore in […]

A pedestrian passes a political advertisement for Nigeria’s President Mohammadu Buhari in Abuja, Nigeria, on Wednesday, Oct. 21, 2015. A drop in crude prices in the past year has put pressure on public finances, while the naira has declined 7 percent against the dollar this year. Photographer: George Osodi/Bloomberg The Office of the Accountant-General of […]

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