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As is the case every month, moments ago Jeff Gundlach started his periodic webcast to DoubleLine investors, this time focusing on asset allocation. Among his notable remarks so far is that it increasingly looks like the Fed hike “increasingly likely looks like a one and done scenario” and that the Bond market keeps saying at […]

One week ago, we warned that “Valeant Lenders Demand Two Pounds Of Flesh For Covenant Waivers“, a function of Valeant having virtually no leverage. Well, while Valeant proudly announced it had obtained a covenant waiver from its lenders late last week, it appears not everyone was onboard with the plan, and as a result moments […]

Following last week’s ‘biggest inventrory draw in 3 months’, expctations were for a 1mm build this week, so when API reported a huge 6.2mm build. Perhaps slightly offsetting this surge is a 1.93mm draw at Cushing (after Genscape forecast a 1mm draw at Cushing this week and expectations were for a 800k draw). After a […]Read More

President Muhammadu Buhari is not only incompetent, he is also clueless, controversial governor of Ekiti State, Mr. Ayodele Fayose declared on Tuesday, following the lingering budget crisis that has now snowballed into an open fight between the Presidency and the National Assembly. Mr. Fayose said the controversy between the Presidency and the National Assembly over the 2016 […]

T.B. Joshua’s Prophecy triggers panic After Nigeria’s self-appointed Prophet and miracle doer, T.B. Joshua, warned the nation of Ghana of an impending foreign terrorist attack, the west African nation was gripped by fear.  “Pray for these two nations – Nigeria and Ghana,” the cleric said near the end of his service at The Synagogue, Church […]Read More

President Muhammadu Buhari has directed that technical committees be immediately established to finalise discussions on new joint Nigeria/China rail, power, manufacturing, agricultural and solid mineral projects, the presidency said in a statement on Tuesday. The President gave the directive Tuesday in Beijing after talks between his delegation and high-ranking Chinese government officials led by President […]

Share on Facebook Tweet on Twitter Army Press Statement BOKO HARAM TERRORISTS FLEEING SAMBISA FOREST IN DROVES This is to inform the public that due to aerial bombardment and concerted efforts of the ground troops, and facing imminent annihilation, Boko Haram terrorists have been deserting Sambisa forest in droves trying to disperse to various parts […]

With Lagos shoes too big for him, the unpopular governor of Lagos, Mr. Akinwunmi Ambode, has failed to impress even with projects like this one. Lagos State Governor, Mr. Akinwunmi Ambode (middle), unveiling the plaque to commission the Light Up Lagos Project (newly installed Street Light infrastructure) on the Lagos-Abeokuta Expressway (Ile Zik – Toll […]

Everything he does seems to fall below Lagos’ expectations. Lagosians are finding it hard to accept and love Governor Akinwunmi Ambode, almost a year after taking over from Mr. Babatunde Fashola who was popular during his first term in office, until accusations of inflated projects trailed his last days in power. Mr. Ambode is trying […]

The Economic and Financial Crimes Commission, EFCC, on Tuesday, presented to Justice Adeniyi Ademola of the Federal High Court, Abuja, more documents to back up its claim on how the former Jigawa governor, Sule Lamido and his cohorts allegedly defrauded the State. Mr. Lamido is being prosecuted alongside his two sons: Aminu and Mustapha and […]

EFCC The Economic and Financial Crimes Commission, EFCC,  today April 12, 2016 arraigned former Acting  Director General of Nigeria Maritime Administration and Safety Agency,  NIMASA, Haruna Baba Jauro, his brother in-law, Dr Dauda Bistrus Bawa and his company Thlumbau Enterprises Limited before Justice C.M.A Olantoregun of the Federal High Court Lagos on 19 count charge of […]Read More

Press ReleaseSocialist Party of Nigeria (SPN) welcomes the decision of the Nigeria Labour Congress (NLC) to embark on a one-day warning general strike to press home the demand for the reversal of the electricity tariff hike and to express opposition to the lingering scarcity of petroleum products etc. The federal government through NERC and the […]