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Following yesterday’s awkward press conference, democracy-enforcing President Obama is set to address the Cuban people (living under a dictatorship). We are sure the Nobel-peace-prize winner will offer hope for ‘freedom’, suggest ‘change’ is coming, and downplay any fiction-peddlers. Of course, given the atrocities in Belgium we assume he will also address the lockdown and removal […]Read More

WTF is going on? Richmond Fed’s manufacturing survey exploded from -4 to 22 in March, beating expectations of 0 by the most ever). This is the 3rd highest print ever (in 23 years) driven by the highest level of New Orders in 6 years. Inventories tumbled, prices paid and received jumped, and expectations for future […]

The markets’ various indicators of ‘Brexit Risk’ are all elevated this morning post-Belgium-attacks. GBPUSD is tumbling… But most crucially, the cost of protection against pound currency swings over EU currency swings has jumped to the highest ever signalling the highest market-impled risk of Brexit so far. As Fed’s Lockhart warned yesterday, the contagious risk of […]Read More

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Around 915ET we tweeted the need for an OPEC meeting headline as oil prices started to accelerate losses. 70 minutes later, the market’s “wish” was granted when Algeria (yes, seriously) announced they will attend, Nigeria is hopeful, and Libya said it would not attend… of course any headline is a buying opportunity and the algos […]Read More

Earlier today, Donald Trump phoned into Fox News and delivered his initial reaction to this morning’s tragic events in Belgium where dozens of people were killed in a series of terrorist attacks on the Brussels airport and Maelbeek metro station. Needless to say, these type of catastrophes play right into Trump’s hands. That’s not to say […]Read More

10 Shares Share Tweet Share Share Email Boko Haram terrorists killed a Nigerian soldier on Monday during confrontations at Musari village in Borno State, the Nigerian Army said in a statement, adding that 58 militants were gunned down. “In continuation with the clearance of the remnants of the Boko Haram terrorists, troops of 153  Task Force […]

3 Shares Share Tweet Share Share Email Sokoto government, in collaboration with the United Nations Children Fund (UNICEF) is training 830 female teachers in a pioneer scheme to provide enough role models for female students especially in rural communities in different parts of the state. The Female Train the Trainee scheme is being executed under […]

4 Shares Share Tweet Share Share Email By thecable.ng Justice Abdul Kafarati of the federal high court, Abuja, has withdrawn from a fundamental rights suit filed by Senate President Bukola Saraki to quash the charges of false declaration of assets brought against him by the federal government at the Code of Conduct Tribunal (CCT). Kafarati […]

By Philip Blenkinsop and Francesco Guarascio BRUSSELS (Reuters) – At least 26 people were killed in twin attacks on Brussels airport and a rush-hour metro train in the Belgian capital on Tuesday, triggering security alerts across western Europe and bringing some cross-border transport to a halt. A witness said he heard shouts in Arabic shortly […]

President/CEO, Dangote Group, Aliko Dangote has engaged the services of a Brazilian agricultural expert to change the fortunes of Nigeria from being an importer to a major producer and exporter of rice in no distant future. The Group in a statement said that aside the out growers’ aspect of the investment, Dangote Rice is planning […]

The Department of Petroleum Resources (DPR) says it has not withdrawn the license issued to private refineries that failed to come on stream between 2002 and 2014. DPR in a statement, announced that the $1 million commitment fee is no longer a requirement in the current guidelines for establishment of refineries in Nigeria. According to […]