admin

The National Agency for Food and Drug Administration and Control (NAFDAC) has shut 16 herbal medicine facilities and seized products over illegal operations in Onitsha, Anambra. The seizure was effected during a raid of illegal products facilities in Onitsha and neighbouring communities — Nkpor and Ogidi — by officials of the agency on Tuesday. Dr […]

Oil reached a 2016 high, hitting 43 dollars a barrel on Tuesday, supported by hopes that upcoming meeting of oil producers will agree on steps to tackle a supply glut. The rise was also supported by weak U.S. dollar and further signs of strong demand in China. Many members of Organisation of Petroleum Exporting Countries […]

Former co-accused to Farouk Lawan, the ex-Chairman, House of Representatives Ad-hoc Committee on Fuel Subsidy, ‎Boniface Emenalo has said he accepted the $100,000 offered members of the committee by businessman, Femi Otedola with the intention of exposing Otedola’s plot to influence the outcome of their investigation. Emenalo, who the prosecution later substituted as its witness, […]

The Vice Chancellor of the University of Port Harcourt, Prof. Ndowa Lale, has said that the protest carried out by the students of his institution, which led to the death of a student was a ploy to remove him from his current position. Lale made the claim on Tuesday when the Acting Commissioner of Police […]

The Economic and Financial Crimes Commission has promised to investigate Nigerians named in the Panama Papers. The Director of Information at the EFCC, Mr. Osita Nwaja, gave the assurance while addressing protesters who stormed the Abuja head office of the anti-graft agency to demand the probe of all Nigerians accused of operating offshore accounts in […]

Submitted by Lance Roberts via RealInvestmentAdvice.com, As the trumpets sound to signal the start of earnings season, the battle between fundamentals and “hope” begins. Despite weakening earnings, which on an as reported basis are far worse than the rather manipulated “operating” levels currently suggest, the bulls have remained steadfast in their belief that prices are […]Read More

With the ECB now unabashedly unleashing a bond bubble in Europe of which it has promised to be a buyer of last resort with the stronly implied hint that European IG companies should issue bonds and buy back shares, and promptly leading to the biggest junk bond issue in history courtesy of Numericable, it will […]

In what has so far been a strange day, in which one headline by an “anonymous diplomatic source” and unconfirmed by the Russian energy ministry has pushed stocks from red on the day back to highs for the year, the latest surprise came from Bill Gross who moments ago broke into a “tweetstorm” to lay […]

When BofA’s Michael Hartnett releases his monthly Fund Managers’ Survey, the one chart we always focus on is the one showing what the “smart money” investors, aka those polled clients who make up the survey (and the same ones who we reported earlier have been selling this bear market rally for the eleven consecutive weeks) […]Read More

Something ugly this way comes. As we noted last week, despite proclamations that any weakness in US spending or economic data is merely seasonal or transitory, BofA’s credit and debit card spending data revealed that sales were notably weak. Today we get further confirmation of what Retail ETF investors have been seeing for a while […]

So a done deal became “hope for a deal” for a freeze at record production levels amid The IMF slashing global growth (and thus demand) expectations… and this happened…NOTE – all momentum faded when NYMEX closed Your annotated day… Kinda makes you wonder… [embedded content] The 2nd biggest short-squeeze in 4 months smashed “Most Shorted” […]Read More

Submitted by Patrick Buchanan via Buchanan.org, In the race for the Republican nomination, Donald Trump would seem to be in the catbird seat. He has won the most states, the most delegates and the most votes — by nearly two million. He has brought out the largest crowds and is poised for huge wins in […]