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Share on Facebook Tweet on Twitter They were allegedly travelling from Lagos to Ondo State, southwestern Nigeria, for a burial. But as you can see, they are mass killers. Previous articleBreaking! Female #BokoHaram Suicide Bomber Shot Dead In #Cameroon As Alleged Chibok Girl Recovers We are the best online Nigerian newspaper with a blend of […]

The Minister for State for Petroleum,  Dr Ibe Kachikwu has been under fire for comments he made last week regarding the lingering fuel scarcity. Comments about him not being a magician had upset a lot of Nigerians who had wasted hours queuing for fuel for almost a month now. This is perhaps the longest fuel […]

Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu, has appeared before the Senate Committee on Petroleum Resources (Downstream). Kachikwu said that his comment that he is not a magician to cause fuel queues to disappear overnight was not meant to insult Nigerians. He said the “I’m not a magician” comment was made jocularly and […]

Nigerians have been facing the twin evil of fuel scarcity and an epileptic power supply in recent weeks. After increasing tariffs by as much as 40%, Electricity Distribution Companies have been unable to provide stable power supply of at least over 12 hours a day. Apart from gas supply shortages caused by pipeline vandalization, the […]

Stanbic IBTC continues to face challenges from the Financial Reporting Council (FRC). The bank recently released a notice on the Nigerian Stock Exchange (NSE) that a case instituted by the FRC at the Court of Appeal is ongoing. Owing to this and continued discussions with Stanbic’s auditors on the treatment of certain items, the results […]

Guaranty Trust Bank (GTBank) recently held a conference call to discuss its FY15 results and 2016 outlook. We learnt: 1) a loan mix shift towards naira assets has helped shield NIM; and 2) asset quality is still holding steady owing to its outsized exposure (70%) to large corporates (up from 53% in 2009). NIR is […]

Dangote Sugar Refinery Plc.: Notes from Conference Call HIGHLIGHTS Revenue: Management projects positive revenue growth over 2016 largely on the back of higher volume sales and increased prices. Focusing on volumes, management is optimistic that positive impact of September 2015’s price cut (-28%), which enabled the company to access the grey market, should drive an […]

The Federal Government has relieved the acting Postmaster General of the Federation, Enoch Ogun of his duties. He was sacked over the collection of stamp duties. Ogun was due to retire from NIPOST by the end of December 2015, he was directed to remain in office until a substantive Postmaster General was appointed. He is […]

Former Secretary-General of the Commonwealth, Emeka Anyaoku, on Tuesday disclosed that the government spent more than half of its budget on non-productive sector of the economy. He spoke at the presentation of Amb. Olusola Sanu’s memoir, entitled ‘Audacity on the bound: A diplomatic odyssey’, held at the Kakanfo Inn Ibadan. Anyaoku said the parliamentary system […]

For the first two months of 2016, it seemed as if a modest, if stable, rebound was finally taking place among one of the hardest hit transportation sectors of 2015, rails. Alas, like virtually everything else, this too has proven to be nothing more than a dead cat coming back to life and getting run […]

Submitted by Gail Tverberg via Our Finite World blog, Wage inequality is a topic in elections around the world. What can be done to provide more income for those without jobs, and those with low wages? Wage inequality is really a sign of a deeper problem; basically it reflects an economic system that is not […]

By EconMatters Strong API Report for this time of year, and Equities about to break out means short covering ahead for oil bears. Remember this is quarter end window dressing week as well! Expect some short covering in Oil ahead of the EIA Report on Wednesday. [embedded content] © EconMatters All Rights Reserved | Facebook […]