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8 Shares Share Tweet Share Share Email After months of delay, the Nigerian Senate passed the N6.06 trillion 2016 Appropriation bill on Wednesday with N1.587 trillion approved for capital expenditure and N2.646.3 trillion earmarked for recurrent expenditure. The controversial budget had been riddled with fraud which caused the delay. While N351.37 billion was approved as statutory […]Read More

A man walks past a billboard of the main opposition All Progressives Congress (APC) presidential candidate Mohammadu Buhari and other party candidates in Lagos, on March 31, 2015. Opposition candidate Muhammadu Buhari pulled ahead in Nigeria’s tense general election on March 31, stretching his lead against President Goodluck Jonathan with eight results to come in. […]

7 Shares Share Tweet Share Share Email Before Adolf Hitler, there was Leopold II, King of Belgium. In his own country he was a constitutional monarch with limited powers. In Africa, without ever going there, he made himself both ruler and owner of a vast empire, the so-called Congo Free State. King Leopold’s exploitation of […]

10 Shares Share Tweet Share Share Email The Federal Government has released Colonel Nicholas Ashinze, the former Military Assistant to Former National Security Adviser Sambo Dasuki. He was set free at 2pm on Wednesday. Colonel Ashinge who had been under the custody of the Economic and Financial Crimes Commission (EFCC) and the Military Authority  has already […]

5 Shares Share Tweet Share Share Email The Economic and Financial Crimes Commission (EFCC) has dismissed an alleged investigative report allegedly carried by New York based online newspaper, Sahararrporters.com, claiming that Justice Abdul Kafarati was bribed to rule in Saraki’s favour. The EFCC called on Nigerians to disregard the report, saying that it was the imagination […]Read More

Chairman of Seplat Group, Dr. ABC Orjiako has been inducted into the London Stock Exchange’s LSEG Africa Advisory Group. This will be the organization’s latest addition to its expanding business relationship with the continent. Orjiako is one of the specially selected outstanding senior African business leaders and indeed, the only Nigerian business leader selected in […]

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, Wednesday shocked Nigerians announcing that the current queues at gas stations will continue till the end of May. In an interview with State House correspondents in Abuja, he said he was not a magician to make the queues disappear overnight. Kachikwu alongside with officials of Nigeria […]

The Nigerian Senate on Wednesday passed the controversial budget of the country with a complaint that some of the agencies of government were omitted from the budget proposal. The budget was approved by the Senate as presented by President Muhammadu Buhari months ago making it the first time in Nigeria’s history that a budget would […]

Hold your real assets outside of the banking system in one of many private international facilities  –>  http://www.321gold.com/info/053015_sprott.html  Posted with permission by Rory Hall, The Daily Coin (CLICK FOR ORIGINAL) The public has learned that the political Establishment represents the 1% and they have no chance with any Establishment candidate, either Republicans or Democrats…They’re supporting them […]Read More

The campaign for Britain to leave the European Union has taken a 2 percentage point lead, according to an ICM poll, to 43%, up 2 percentage points from a similar poll a week ago and the highest proportion in favour of a British exit since ICM started its referendum tracker in May 2015. Bearish bets […]

The combination of a stronger dollar, terrorism bullishness fading, and Jim Bullard’s hawkish chatter have sparked modest carnage in commodities this morning. Copper has plunged, gold has been slammed twice, and silver flash-crashed (again). Close-up, this happened to Silver… Average: Your rating: None Average: 3.4 (5 votes)

10:30 oil report is the obvious upcoming data point for them to work their shenanigans, and you’re correct it’s too early to tell.  Still, I actually think any retrace might allow late-entering bears to add to posns, and this might be one of those rare low-volume down days, albeit with fierce, annoying retraces, followed by […]Read More