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Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. Last week, a slew of politicians in California, New York, and the United Kingdom embraced higher minimum wages. That might look attractive to youths and minorities. But, analysis of the data shows that higher minimum wages will not fulfill most […]

With media attention squarely falling on the foreigners exposed by the Panama Papers offshore tax haven scandal, everyone has been asking for more information on who are the Americans involved in this biggest data leak in history. After all, as we showed, Mossack Fonseca had over 400 American clients. But who are they? Today, courtesy […]

Days before the ICIJ released this weekend’s trove of “Panama Papers” international tax haven data involving Panamaian law firm Mossack Fonseca, Bloomberg conducted an interview on March 29 with the two founding lawyers. In it, it found that even before the full leak was about to be made semi-public (any of the at least 441 […]

As we discussed previously states such as California are saying to hell with economics in their efforts to appease their voting base. Yesterday, both New York and California signed legislation to raise the minimum wage to $15 an hour. New York will phase in the $6 an hour increase over three years, and California will […]

What goes up (for no good reason) must come down (for fundamental and earnings-driven reality)… The ISM bounce died too this morning… Gold is also lower as bonds surge… So after all that, the market finally sees through March payrolls. Average: Your rating: None

People often say that my friend and brother Governor Ayodele Fayose of Ekiti state and I are giving the Buhari government a run for their money more than any other duo in the country. Though he and I come from very different backgrounds and our approach and styles, when confronting issues, are very different they […]

R-L: Sokoto Governor Aminu Waziri Tambuwal, presenting a gift to the Director General, Health Services in Uganda’s Ministry of Health, Dr. Aceng Jane Ruth in Sokoto…Tuesday 05-04-16 A medical team from Uganda is visiting Sokoto to study the Nigerian state’s success in the application, management and control of misoprostol, the drug used in stopping women […]Read More

Commander, Rapid Response Squad (RRS), ACP. Tunji Disu (2nd right); Divisional Police Officer, Isheri Police Station, Superintendent Olohunwa Ogundele (right), arresting the Manager and a Staff of a Filling Station for hoarding Premium Motor Spirit (PMS) at Otedola/Omole along Lagos-Ibadan Expressway, on Tuesday, April 05, 2016. Commander, Rapid Response Squad (RRS), ACP. Tunji Disu (2nd […]

Rizwan Kadri The Board of directors of the Skyway Aviation Handling Company Limited (SAHCOL) has confirmed Mr. Rizwan Kadri as Managing Director/Chief Executive Officer with effect from 1 April, 2016, the company said in a statement on Tuesday. SAHCOL, a SIFAX Group Company, is an Aviation Ground Handling company, offering services in Passenger Handling, Ramp Handling, […]

Nigerians have been asked not to blame the Federal Government for the lingering fuel crisis in the country, but rather, blame the leadership of the Independent Petroleum Marketers Association of Nigeria (IPMAN). Interim Management Secretary of IPMAN, Lawson Ngoa, said the rivalry between two IPMAN national factions has crippled the importation and distribution of petroleum […]

JON SNOW Computer Warehouse Group (CWG) Plc, the company that provides IT services and computer networking solutions to businesses posted a loss after tax of N1.85 billion in December 2015 from a profit position of N234 million the previous year.According to the CWG 2015 audited financial statement, the company’s loss position was as a result of […]Read More

Minister of State for Budget and National Planning, Zainab Ahmed yesterday said that the Federal Government plans to review its existing tax incentives with the intention of further blocking revenue leakages in the economy. Ahmed was speaking at the conference of African Ministers of Finance and Economic Planning in Addis Ababa Ethiopia. The minister said […]