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The Public Relations Officer of the Nigeria Customs Service, Selechang Taupyen announced during the week, at Seme Command, that the command had generated a revenue of N189.8 million more in March as against the previous months. The PRO stated that it was able to receive above 94% of its revenue from listed channels bringing its […]

Former Secretary of the Peoples Democratic Party, PDP, in Ekiti State, Dr Temitope Aluko, has called on the Inspector-General of Police Solomon Arase to grant him police protection, saying his life is under threat.   Aluko, who addressed a press conference, yesterday in Lagos, accused Governor Ayodele Fayose of Ekiti State of plans to undermine […]

A Federal High Court sitting in Jos, Plateau State has sacked the Nigeria Football Federation President, Amaju Pinnik. The court delivered the ruling on Friday over the re-listed suit challenging the election of Pinnick as the President of the Nigerian Football Federation, NFF. The Court ordered Chris Giwa to resume office as president of the […]

Ekiti State Governor, Mr Ayodele Fayose has raised the alarm over President Mohammadu Buhari’s scheduled trip to China to borrow $2 billion as part of the N1.84 trillion programmed to be borrowed to finance the 2016 Budget, describing the move as an attempt to mortgage the future of Nigeria and its people. The governor, who […]

It is not only BofA’s “smart money” clients who have been selling the rally non-stop (and at an accelerating pace) for the past 10 weeks: so has the bank’s chief investment strategist, Michael Hartnett, whose reluctance to embrace the mania has been duly documented on these pages.Below we lay out the reasons why he “remains […]Read More

In a week overflowing with Fed speakers, moments ago NY Fed’s Bill Dudley – who recently flipped from hawkish to dovish once again – took the podium in Bridgeport Connecticut to lay out his latest thoughts.  Here is a summary of what he said in a speech titled “The National and Local Economic Outlook: An […]

With the Yen soaring (and USDJPY plunging) some 10% in 2016, in the process crushing the tightly correlated Nikkei and leading to such outcomes as the largest Asian clothes retailer slashing profits by a third in just 4 months due to the strong currency, everyone has been wondering i) why is the BOJ waiting to […]

With everyone’s focus sharply attuned on anything to do with the Fed’s rate hike policy, many will probably wonder why yesterday the Fed announced that this coming Monday, April 11, the Fed will hold a closed meeting “under expedited procedures” during which the Board of Governors will review and determine advance and discount rates charged […]Read More

Submitted by Charles Kennedy of OilPrice.com Shocking Photo: Nearly 30 Oil Tankers in Traffic Jam Off Iraqi Coast Oil tankers are caught in a traffic jam near the Iraqi port of Basra, causing delays in loading. According to Reuters, around 30 very large crude carriers (VLCCs) are sitting in the Persian Gulf, and the backlog […]

While big banks blame the collapse in Q1 GDP on “residual seasonality” (more on that later), with BofA recently slashing its Q1 estimate from as much as 2.7% to just 0.2%, the reality is that something is not well with the US consumer. The latest proof of this comes from the most recent Bank of […]

There was one thing keeping US GDP growing in recent months: rising inventory. Well, no more. Moments ago the Dept of Commerce reported the latest inventory data and following major historical revisions, not only was last month’s inventory print slashes from 0.3% to -0.2%, but the February Inventory number was a dramatic -0.5% drop, far […]Read More

It is no secret that one of the core support groups behind Hillary’s presidential campaign are black voters. Which is why it came as a surprise when none other than Bill Clinton faced down protesters angry at the impact his 1994 crime reforms have had on black Americans and defended the record of his wife, […]