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Following the publication of the purported arrest of the Managing Director, Nigerian National Petroleum Corporation, Retail, Mrs. Esther Nnamdi-Ogbue by the Economic and Financial Crimes Commission (EFCC) has been described as a campaign of calumny. A group, Young Professional Alliance for Change described the allegation as smear campaign by some detractors who are envious of […]

The Inspector-General of Police, Solomon Arase, has directed the Assistant Inspector-General of Police in charge of Zone 7,  Ballah Nasarawa, to relocate to Kaduna State to tackle the incessant kidnappings and other violent crimes in the state. He also directed that police officers who had served in the state command for a period of six […]

A member of Delta State House of Assembly, Evans Ivwurie, has accused the military of brutalising members of some communities in his constituency. The affected communities, Ovre-Eku and Ovre-Igun both in Ethiope East Local Government Area of Delta State, have been in dispute between Edo and Delta States. Expressing dismay over what he described as […]

The Federal Government, on Monday, said it is not going back on its decision to remove subsidy from Premium Motor Spirit, also known as petrol. Specifically, the Petroleum Products Pricing Regulatory Agency, PPPRA, in a statement signed by its Acting Executive Secretary, Mrs. Sotonye Iyoyo, explained that what currently exists is the price modulation mechanism […]

Despite threats by the Minister of Health, Prof. Isaac Adewole to invoke the civil service rule of “no work, no pay”, the National Association of Resident Doctors on Monday issued the Federal Government a 21-days ultimatum “following which industrial harmony in various hospitals may not be guaranteed.” The position of NARD is contained in a […]

The lingering fuel scarcity being experienced in Nigeria for weeks now, reached a peak on Tuesday when workers in many parts of the country resorted to trekking long distances to work.  Most of those who spoke with our correspondent, threatened to stay off work till the situation abates. In most areas including Lagos and Ogun, […]

The Federal Government will hold a three-day National Summit on Culture and Tourism later in April 2016 in furtherance of the Administration’s economic diversification agenda, the Minister of Information and Culture, Alhaji Lai Mohammed, has announced. The Minister made the announcement in Abuja on Tuesday while declaring open a Working Session between the Ministry of […]

By Chris at www.CapitalistExploits.at I’ve spent a lot of time discussing the state of affairs in our global financial system. The problems are significant to say the least, and understanding them is the first step towards protecting ourselves from the consequences and naturally profiting from them. What we cannot and must not lose sight of is […]Read More

“Still No Confidence In The Rally” – that’s the title of the latest weekly BofA report looking at the buying and selling by its smart money clients (institutional clients, private clients and hedge funds), which finds that not only were sales by this group of clients last week the largest since September, and the fifth-largest […]

China’s Gold Intent – ICBC Bank Reclassified as an LBMA Market Maker ICBC Standard Bank, China and the world’s largest bank, has been reclassified as a spot Market Making Member of the London Bullion Market Association (LBMA) with effect from today according to a note posted on the LBMA website last night at 2100 GMT. According to […]Read More

Must read thoughts from Richard Breslow, a former FX trader and fund manager who writes for Bloomberg The Federal Reserve Bank of San Francisco released a paper yesterday with a decidedly dour take on why market measures of inflation expectations remain in the tank. It’s a very relevant debate to have for several reasons. It […]

One again it was a “good cop, bad cop” combination of the Markit and ISM service surveys. First, it was Markit, which printed at the just barely expansionary Final March print 51.3, up from the preliminary 51.0, but the internals continued to deteriorate. As the chart below shows, and as the commentary confirms, the US […]