admin

The Economic and Financial Crimes Commission on Wednesday released an alarming statement that fraudsters have cloned the mobile telephone numbers of its Acting Chairman, Ibrahim Magu, with the purpose of extorting money from Nigerians. According to the spokesman of the EFCC, Wilson Uwujaren, the fraudsters have made calls to prominent personalities in the country and […]

Fidelity recently held a conference call to discuss its FY15 results. Asset quality trends were encouraging despite the NGN1.1bn 4Q15 provision made on its Oando exposure. Asset quality risks are still high going into 2016 but Fidelity’s numbers have shown significant resilience vs its tier 2 peers, most of which have announced profit warnings for […]

 Updated  Dec. 3, 2015  “PayPal gets the hypocrite of the year award!” Franklin Graham expounded in his post. “Congressman Robert Pittenger made a great point yesterday: ‘PayPal does business in 25 countries where homosexual behavior is illegal, including five countries where the penalty is death, yet they object to the North Carolina legislature overturning a […]

Kaduna State Government said it would commit over N29.6 billion on power supply, agriculture and rail transport. Gov. Nasiru El-Rufa’i who stated this on Wednesday in Kaduna at the opening of the Kaduna Economic and Investment Summit, said that part of the projects captured under the state’s 2016 budget was the construction of a rail […]Read More

After days of political squabbles, the National Assembly on Wednesday finally transmitted the details of the 2016 budget to President Muhammadu Buhari. The President had refused to sign the budget sent to him earlier with an excuse that the details were kept away from him. Some legislators had also alleged that they had not seen […]

Senate President Bukola Saraki continued to earn salary monthly as governor of Kwara state for four years after he left office, a witness of the Economic and Financial Crimes Commission (EFCC), Michael Wetkas, told the Code of Conduct Tribunal (CCT) on Wednesday. In a continuation of the Senate President’s trial at the CCT, Wetkas said […]

While the furious rally that proppeled gold higher in the first quarter – by the most in 25 years – appears to have fizzled, it is hardly over. So for those wondering when they should add to their position, or start a new one, here is some advice from Geneva Swiss Bank, which believes that […]

By Ben Hunt of Salient Partners “My Passion Is Puppetry“ We are supposedly living in the Golden Age of television. Maybe yes, maybe no (my view: every decade is a Golden Age of television!), but there’s no doubt that today we’re living in the Golden Age of insurance commercials. Sure, you had the GEICO gecko […]Read More

The following research was jointly produced by: J. Brett Freeze, CFA of Global Technical Analysis and 720 Global Buying Dollar Bills For $1.10 720 Global has written four articles to date on stock buybacks and the harm these actions will likely have on future corporate growth rates and the economy. To better gauge the effect […]

Recently, we’ve shown where wealthy people reside within the US, and where they’re fleeing from (here, and here). We now present to you the US city that is winning the race to drive out their wealthiest taxpayers.  As the Chicago Tribune reports, that city is none other than Chicago, Illinois.  Millionaires are leaving Chicago more […]Read More

Yesterday we first reported something unexpected: when looking at the constituents of the record short squeeze that started two months ago, and still continues, traders had largely maintained kept single-name shorts, and instead covered short ETF exposure. This followed a previous observation showing that when it comes to NYSE short interest, it is near the […]

Submitted by Michael Krieger of LibertyBlitzkrieg Blast From the Past – Hillary Clinton vs. Bernie Sanders on Panama Unlike most politicians, Bernie Sanders becomes increasingly impressive the more you learn about him. Forget for a moment whether you think the tax dodging strategies popularized by the Panama Papers are ethical or not, it’s important to […]