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Sokoto government has signed a memorandum of understanding with Henan Province of China for the establishment of a demonstration farm and boosting of  agriculture in the state. With this agreement, Sokoto has become one of the beneficiaries of the 100 agricultural projects to be sited in developing countries which was announced by the Chinese President, […]

Nigerian Human right activist, lawyer Femi Falana Femi Falana speaks to press for the release of missing Chibok school girls during a rally by civil society in Lagos on May 5, 2014. Boko Haram on Monday claimed the abduction of hundreds of schoolgirls in northern Nigeria that has triggered international outrage, threatening to sell them […]

The war between the Bukola Saraki-led Senate and the Muhammadu Buhari Presidency has worsened, widened and deepened. As reported by local Nigerian newspaper, The Punchng.com, the Senators vowed on Tuesday that they will not revisit the 2016 budget President Buhari has refused to sign so far. In a strongly worded statement on Monday, the Senate […]

The rate of inflation under President Buhari has been on the rise since the beginning of this year as his economies policies falters. The president has been in the way of two major structural reforms that may have helped avoid the situation we find ourselves in. He has refused to fully deregulate the downstream sector […]

The Federal Government has been accused of not giving Nigerians the opportunity to lift oil despite indigenous ship owners having standard vessels to perform this function. A former national hydrographer, Commodore Joseph Abulu made this comments in an interview with newsmen. Abulu revealed that most of those involved in the lifting of the products presently […]

Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, yesterday said the N1.4 trillion fine issued on Mobile Telecommunications Network (MTN) by the Nigerian Communications Commission (NCC) should not be seen as a fine that is binding on the telecom company. The House of Representative Ad Hoc Committee on the MTN’s fine led […]

Bola Tinubu is very corrupt. He’s even into drugs! He’s wanted in Azerbaijan. Until President Buhari arrests and prosecutes Bola Tinubu, the fight against corruption is a hoax. It’s witch hunting! You’re just one watery bowl of akamu! Bola Tinubu who’s been in opposition since forever and was not prosecuted by your legendary hero despite […]Read More

Submitted by Mike “Mish” Shedlock Fed vs. Fed: New York Fed To Issue Its Own GDP Nowcast; Atlanta Fed Too Pessimistic? It’s Fed vs. Fed in the Nowcasting business. The New York Fed has decided to issue a FRBNY Nowcast, clearly in competition with the Atlanta Fed GDPNow forecast. The Atlanta Fed has the name […]

Several months ago, just as the market was tumbling on the back of crashing oil prices and not only energy companies but banks exposed to them via secured loans seemed in peril, we wrote a post titled “Dallas Fed Quietly Suspends Energy Mark-To-Market On Default Contagion Fears” in which we made the following observations: … […]

The Arctic has been the fascination of many people for centuries. Hundreds of years ago, the Europeans saw the Arctic’s frigid waters as a potential gateway to the Pacific. The region has also been home to many unique native cultures such as the Inuits and Chukchi. Lastly, it goes without saying that the Arctic is […]

Just 24 hours ago we explained the beginning of the end of the US automaker “house of cards,” detailing how the tumble in used-car-prices sets up a vicious circle as Goldman warns “demand has plateaued.” This is most evident in the surge in pre-owned vehicle inventories to record highs, forcing, as WSJ reports, dealers to […]

After February’s bloodbath in Chinese trade data, expectations were for a scorching hot rebound in March. With PBOC’s Yuan ‘basket’ devaluation accelerating throughout this period it should not be surprising that Yuan-based China exports soared and imports beat expectations (but fell 1.7% – extending the losing streak to 17 months in a row). For now, […]Read More