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Wanted former Niger Delta militant leader, Government Ekpemulopo, alias Tompolo, has commenced legal action against the Federal Government of Nigeria, challenging the N45.9bn fraud charges filed against him. Tompolo, who approached the Federal High Court in Lagos through his lawyer, Mr. Ebun-Olu Adegboruwa, is seeking an order restraining the Federal Government and its agencies from […]

The Ijaw Youths under the umbrella of Ijaw Youth Council Worldwide has accused the Economic and Financial Crimes Commission of laying ground works which will ultimately lead to the arrest of the former president Goodluck Jonathan. However, based on the claim, the group,  has advised the EFCC to stay off the course as arresting the former president […]Read More

The Lagos State Rapid Tax Prosecution Unit has begun prosecution of recalcitrant tax payers in the state, the state government said on Monday. The state Attorney-General and Commissioner for Justice, Mr. Adeniji Kazeem, who disclosed this, said that the Rapid Tax Prosecution Unit has filled all the necessary information at the State High Court for […]

Chairman of the Senate Committee on Land Transport, Senator Gbenga Ashafa, on Monday accused his colleagues at the National Assembly of expunging the Lagos-Calabar rail project from the 2016 budget. The committee on Appropriation had since Sunday denied that the project was expunged as according to its chairman, Abdulmumin Jibrin, the project was never included […]

From one of the biggest cheerleaders of the stock market, in recent months Jamie Dimon’s JPM has undergone a dramatic anti-Hugh Hendrian metamorphosis, turning increasingly more skeptical on further risk asset upside and as of one month ago, pulled the plug on its former cheerful nature when in early March it announced it had gone […]

We reported in 2010 that the American Dream has moved abroad. We provided additional details in 2013 and 2014. Today, a very powerful insider – the President of the most powerful Fed bank, the Federal Reserve Bank of New York, Bill Dudley – confirmed that the American Dream has left the house: The United States […]

As of this moment the world wonders, rightfully so, why Obama has to meet with Janet Yellen in private and just what information is so important that it can only be said behind closed doors. Perhaps sensing this confusion, White House spokesman Josh Earnest apologetically noted that President Obama “cares deeply about preserving both the […]

While Sweden’s seemingly self-imposed refugee crisis continues to roil the nation’s population, it appears a different and potentially just as problematic social unrest looms. As Gatestone reports, for the last few years, immigration-welcoming Sweden has been overwhelmed with Roma beggars from Romania and Bulgaria who have turned “panhandling into an occupation.” Nobody knows exactly how […]Read More

With The Wall Street Journal once again playing down any precious metals strength and Goldman explicitly saying “sell,” RBC Capitalo Markets’ Tyler Broda and Alexandra Slattery are considerably more positive… Retro Gold – Are we heading back to the 1970s? Gold is often considered as a strong hedge for inflationary environments. The 1970s are the […]

With The Atlanta Fed’s slashing its Q1 GDP growth expectations to just 0.1%, consensus estimates for 2016 growth have collapsed. However, none of this should surprise anyone as this is the sixth year in a row that over-optimistic growth hopes devolve into hype for more stimulus and a hockey-stick just around the corner. While expectations […]

“smooth sailing”, right? [embedded content] Something is going on beneath the covers… Last week saw the biggest addition of shorts across the Treasury Bond Complex in over 3 years (with record ultra shorts)… And CSFB’s “Fear Barometer” just hit an all-time high… As CS’ Mandy Xu notes, typically, an increase in the CSFB is caused […]Read More

Submitted by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com’s Pater Tenebrarum), The Hard Rocks of Real Life The Dow dropped 174 points on Thursday, the biggest fall in six weeks. Not the end of the world. Maybe not even the end of this year’s bounce-back bull run. As you’ll recall, stocks sold off […]Read More