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Just a day before the world marks the second year anniversary of the abduction of 276 girls kidnapped from the Chibok Secondary School in Borno State on 14th April 2014, global news channel, CNN has published a video showing the girls alive. The video is said to have been recorded by terrorist group, Boko Haram, […]

The Federal Government will require a total sum of $16bn (N3.15tn) in the next five years to address the challenges of infrastructure in the transport sector. The Director-General, Infrastructure Concession Regulatory Commission (ICRC), Aminu Dikko, gave the figure on Wednesday in Abuja during a capacity building programme for officials in the Ministry of Transport. Giving […]

‎Former Presidential Adviser on National Assembly Matters, Senator Florence Ita-Giwa, has urged the executive and legislative arms of government to avoid politicking with the Calabar-Lagos rail project, noting that President Muhammadu Buhari should be encouraged to develop the Niger Delta region. Ita-Giwa, in a statement released on Wednesday, noted that the controversy over the project […]

The Senate on Wednesday asked its Joint Senate Committee on Petroleum (Upstream and Downstream), Finance and Appropriation to immediately commence the investigation of joint venture cash calls by the Nigeria National Petroleum Corporation.  The Senate gave the directive after expressing concern over an allegation that the NNPC had been violating rules governing its joint venture cash […]

Bianca Odumegwu-Ojukwu, wife of the late Biafra warlord, Dim Emeka Odumegwu Ojukwu, is not taking it lightly with Ms Kemi Olunloyo, a social media activist and daughter of a former politician in the western part of Nigeria. Bianca on Wednesday took Kemi to the cleaners calling her mental health should be checked. Kemi’s sin was […]

Global human rights group, Amnesty International (AI) on Wednesday called on the federal government to ensure the investigation and prosecution of army officials involved in the killing and secret burial of 347 Shi’ite Muslims in Kaduna late last year. The bloody clash which left more 300 members of the Islamic Movement of Nigeria (IMN) otherwise […]

Global human rights group, Amnesty International (AI) on Wednesday called on the federal government to ensure the investigation and prosecution of army officials involved in the killing and secret burial of 347 Shi’ite Muslims in Kaduna late last year. The bloody clash which left more 300 members of the Islamic Movement of Nigeria (IMN) otherwise […]

The 36 states of Nigeria as well as the Federal Capital Territory, Abuja are heavily indebted to banks to the tune of N12.9 trillion and this is just for the 2015 fiscal period. The revelation was made Wednesday night by the National Bureau of Statistics (NBS) and the huge fund may have been borrowed to […]

Having risen along with weakness in broad market surveys (ISM, PMI, NFIB) throughout January, initial jobless claims have plunged twice since (despite the same surveys getting worse) breaking down to 253k in the last week – the lowest since 1973! Makes perfect sense… Sometimes you just have to laugh. Average: Your rating: None Average: 5 […]

Following yesterday’s historic bankruptcy of the world’s largest coal miner Peabody Energy, the defaults continue hot and heavy overnight when first Energy XXI, which had already warned it would unlikely make its bond payments, filed for a prepack Chapter 11, and then Gulf Keystone announced it would delay a bond payment. This is what XXI […]

Submitted by Charles Hugh-Smith of OfTwoMinds blog, Fraud as a way of life caters an extravagant banquet of consequences. This can’t be said politely: the entire status quo in America is a fraud. The financial system is a fraud. The political system is a fraud. National Defense is a fraud. The healthcare system is a […]

Back in July of 2014, we reported that in an attempt to obtain if not compensation, then at least confirmation of bank manipulation in the precious metals industry, a group of silver bullion banks including Deutsche Bank, Bank of Nova Scotia and HSBC (later UBS was also added to the defendants) were accused of manipulating […]