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Back in January, when the market was watching in shocked silence as oil prices were crashing to decade lows and as concerns emerged that Saudi Arabia may need to commence selling its vast, if unquantified, USD reserves, we wrote a post titled “Attention Finally Turns To Saudi Arabia’s “Secret” US Treasury Holdings” where we noted […]Read More

The “Doha oil freeze deal” was a farce from the beginning. It all started with a February 11 Hail Mary attempt by Venezuela to boost oil prices by launching a rumor that oil production would be frozen (ignoring that both Russia, Saudi Arabia and Iraq are already pumping out a record output). VENEZUELA OIL MIN […]

Submitted by MintPress via TheAntiMedia.org, Dr. Ron Paul says the American electoral system is rigged to keep “independent thinkers” from succeeding. “I see elections as so much of a charade,” the former Texas congressman said during an April 11 appearance on RT America’s “The Fishtank.” “So much deceit goes on.” Paul is no stranger to […]Read More

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The western Nigerian State of Ogun said in a statement on Saturday that Governor Ibikunle Amosun’s visit to China had attracted huge investments worth over $1.2 billion. The government said Mr. Amosun, who took part in a one-week work visit to China alongside President Muhammadu Buhari, other state governors and Ministers, did not come back to […]Read More

Bukola Saraki, Nigeria Senate President Nigeria’s Senate President, Dr. Abubakar Bukola Saraki, has identified the huge infrastructural deficit in the country as a major impediment to the nation’s economic growth. Mr. Saraki was speaking while receiving a delegation of Nigerian Society of Engineers (NSE), who paid him a courtesy visit at the weekend in Abuja, […]

Latest report of the 2015 World Bank‘Migration and Development Brief’, states that Nigerians in the Diaspora sent home $21bn in 2015, this is a slight improvement from the $20.83bn remitted a year earlier. The figures which was released by the bank this week states that remittances to developing countries grew only marginally in 2015, as […]

According to definition of the National Bureau of Statistics, the Consumer Price Index (CPI) measures the average change over time in prices of goods and services consumed by people for day-to-day living. The construction of the CPI combines economic theory, sampling and other statistical techniques using data from other surveys to produce a weighted measure […]

Emaar Properties, the company behind the Burj Khalifa in the United Arab Emirate (UAE), is set to build a tower higher than the emirate’s existing record-braking skyscraper, the Burj Khalifa. Chairman of Emaar Properties, Mohamed Alabbar told newsmen in a press conference during the week that construction will commence at the end of June and […]

The Nigerian Government reported that it had agreed a foreign currency swap deal with China following the President Buhari’s trip to China. President Muhammadu Buhari and the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele signed the agreement with the Industrial and Commercial Bank of China Ltd in China on April 2nd. According […]

In a shocking move likely to crush the US economy overnight, China is refusing to make its new gold-backed Yuan, convertible from or to US Dollars. The new Yuan will be introduced next Tuesday, April 19. When the International Monetary Fund (IMF) agreed to add the Yuan to the basket of world currencies used for […]

On the one hand… Source: Townhall.com One can’t help but look at the current debacle and consider whether, just as we warned, The Cloward-Piven strategy is reaching a pivotal moment… In the mid-sixties at the height of the “social revolution” the line between democratic benevolence and outright communism became rather blurry. The Democratic Party, which […]Read More