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Diamond Bank Plc has joined the chorus of banks that have issued profit warnings for their 2015 Full Year results. The bank issued the warnings in a press release in the website of the Nigerian Stock Exchange late Friday and after the market had closed. The bank in the press release claimed that it expected […]

The Government of Switzerland has announced her readiness to improve on its existing economic relations with Nigeria. This announcement came through the Consul-General of Switzerland in Lagos, Mr Yves Nicolet,at the opening of a new Consulate-General of Switzerland in Lagos.According to Nicolet, the new Consulate-General would focus mostly on economic, business and trade relations. “We […]

The Central Bank of Nigeria has issued a press release on the explosion in its branch in Calabar. See it below; Download (PDF, 64KB) The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, […]

As result of the recent restructuring at the Nigerian National Petroleum Corporation (NNPC), management on Thursday announced new appointments, redeployments and secondments into key positions.  The appointments are as follows: Appointed GEDs/COOs   Upstream – Bello Rabiu   Downstream – Henry Ikem–Obih   Refineries – Anibor Kragha   Gas and Power – Saidu Mohammed   Ventures […]Read More

Cambridge College, located in Ikeja area of Lagos state has sued the Rivers State Sustainable Development Agency over an unpaid N17m school fees debt. It was gathered that the sum is the balance of tuition meant for 16 indigent students of the state who had their A level/Foundational Class at the college last year. According […]

Just hours after Mario Draghi unveiled another €20 billion in monthly QE, bringing the total in “unconventional monetary policy” asset purchases to €80 billion per month, and entering the market for corporate bond purchases for the first time, the ECB released the text of an interview that was conducted with the Guardian on February 18, […]

As can be seen by the violently volatile markets themselves, over the past 24 hours there has been substantial confusion about the implications of the ECB’s “all in” gamble, with the initial kneejerk euphoria leading to a rapid selloff and surge in the EUR, followed by an overnight levitation in all risk assets (and gradual […]

For the 18th month in a row, US Import prices fell YoY (down 6.1% vs expectations of a 6.5% drop). This is the longest deflationary streak since 1999. Under the hood we see the first first rise in prices (ex food, fuel) since May 2014. Fuel price dropped 3.9% – the 8th consecutive drop – […]

Yesterday, it was risk off, and the litany of complaints aimed at “Blooper Mario” and the ECB’s disappointment was relentless; then after supposedly “reassessing” what the ECB really announced, we have shifted to a global risk on euphoria and this morning pundits can’t find enough praise for “Super Mario.” And yet one strategist refuses to […]Read More

. Posted with permission and written by Rory Hall, The Daily Coin (CLICK FOR ORIGINAL)  The 50 day moving average in gold has turned up and it has bullishly crossed through the 100 dma – it has also bullishly crossed through the 200 dma…It’s almost like the HFT hedge fund programs have been flipped from […]

Opposites attract? Softly-spoken Dr. Ben Carson is reportedly set to endorse The Donald this morning but Trump’s press conference will, we are sure, have more to offer than just that… As The Hill reports, Trump confirmed the endorsement on Thursday night’s GOP debate, saying Carson “will be very much involved” in advising him on education, […]Read More

Via Dana Lyons’ Tumblr, We are not the first or only ones to point out that the current post-February stock rally has been less than enthusiastically received by the trading community. While there are some exceptions, most intermediate-term sentiment gauges are either leaning towards fear levels or, at best, neutral. One example comes from the […]