admin

2 Shares Share Tweet Share Share Email The impeachment of Ondo House of Assembly Speaker Jumoke Akindele, though later reversed, onTuesday, 8 March, 2016, didn’t come as a surprise. What did amaze me were some specific allegations raised against the female speaker by 18 assemblymen, who initially removed her. Akindele was accused, among other things, of […]

Copies of the agreement between the Nigerian Labour Congress and the NNPC was released on twitter on Thursday. The agreement led to the calling off of the strike between labour and the government. The agreements are below: The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore […]

Copies of the agreement between the Nigerian Labour Congress and the NNPC was released on twitter on Thursday. The agreement led to the calling off of the strike between labour and the government. The agreements are below: The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore […]

The nationwide strike embarked upon by the National Union of Petroleum and Natural Gas (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has been suspended.  The action was taken after the intervention of the Presidency and the clarification made by the Petroleum Ministry, PENGASSAN President, Comrade Johnson Francis said on […]

Ms Emily Enright, the Citizen Service Officer, U.S. Embassy, Abuja has urged the media to mobilise Nigerians with dual citizenship on their right to vote in the November U.S. Presidential election. Enright made the call Thursday in Yola in an interactive session with newsmen in Yola. Enright said that such Nigerians who must be 18 […]

President Muhammadu Buhari has appointed Dr. Warisenibo Dakuku Adolphus Peterside as the Director General/CEO of the Nigerian Maritime Administration and Safety Agency (NIMASA). Dr. Peterside replaces Mr. Haruna Baba Jauro who until Thursday March 10, 2016 superintended the Agency in acting capacity. Dr. Peterside holds a Doctor of Philosophy (Ph.D) degree in Management Sciences (Organisational Behaviour) […]

Former Chief of Defence Staff, Air Chief Marshall Alex Badeh has been granted bail in the sum of two billion Naira and two sureties. In a ruling at the Federal High Court in Abuja on Thursday, Justice Okon Abang held that the two sureties must provide a bail bond of one billion Naira each and […]

All it takes to find out just how much conviction so called bulls have in this rigged, centrally-planned market and short squeeze, which only goes on as long as faith in central planning still exists, is a major intraday reversal, coupled with a surge in gold. Like the one today in the aftermath of Draghi’s […]

Submitted by Dave Forrest via OilPrice.com, China has been an unofficial price-setter for most metals over the past decade. And this week, the country became an official participant in setting prices for one of the world’s most important precious metals markets. That’s the London Bullion Market silver price. Where one of China’s largest banks just […]Read More

It’s literally 1937 all over again. Many analysts have called for the Fed not to repeat its mistake of 1937. That mistake? Raising rates when the economy was already weak. Doing this prolonged the Great Depression. However, few commentators point out WHY the Fed raised rates in 1937. The reason? CPI hit 3.7%. Notice that […]

Submitted by Lance Roberts via RealInvestmentAdvice.com, The Fed’s Got A Problem The most recent employment report sent the financial market pundits abuzz claiming that the economy was on solid footing with no recession in sight. The problem, for anyone willing to actually look at the data, was the underlying data was mostly disappointing. While the BLS trumpeted […]Read More

The last time that global liquidity conditions contracted at this pace was March 2008 (right as stocks dead-cat-bounced on the back of The Fed’s guarantee of Bear Stearns’ sale to JPMorgan)… and things escalated rather quickly thereafter. Liquidity conditions also contracted (though not as severely as the current conditions) in Dec 2011… which prompted Bernanke […]Read More