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In what may be the biggest news of the day, and certainly with far greater implications than whatever Mario Draghi will announce in a few hours when we will again witness the ECB doing not “whatever it takes” but “whatever it can do”, moments ago Reuters reported that China is preparing for an unprecedented overhaul […]

Did we just witness peak bullshit? From omnipotent to impotent in an hour… Sending gold soaring – after 4 slams in the last 2 days… So first Yellen… Gold +18% since the rate hike (stocks lower) Then Kuroda… (JPY strength and stock weakness) And now Draghi (EUR strength) – the centrally-planned world is losing faith […]

The Lagos state government has announced through the Executive Chairman of Lagos State Internal Revenue Service, LIRS, Mr. Olufolarin Ogunsanwo, its plan to extend tax payment obligation to domestic workers and artisans in the state. According to news report, the plan will affect market men and women, artisans and household domestic staff. The Coalition Against […]

Nigerian Oil Unions Call Off Strike – SimonAtebaNews 5 Shares Share Tweet Share Share Email By Thenewsnigeria.com.ng The strike action called by  Nigeria’s two powerful oil unions, PENGASSAN and NUPENG has been called off. According to sources the strike was called off at 4.00 am today after a marathon meeting between the minister of state […]Read More

Punch Blackout: Electricity generation sinks to 1,580MW:The highly pronounced power failures across the country in the past few days may worsen following a partial system collapse that occurred on Tuesday, and the continuous drop in electricity generation due to what the government says is the vandalism of pipelines that supply gas to the power plants. […]

Reading through Communiqué’ No. 105 of the Monetary Policy Committee (MPC) Meeting of Monday and Tuesday, January 25 and 26, 2016 one gets the sense that he is listening to a motley crew of socialists, politicians, and actors stuck in the 1980s and unable to comprehend the change that is going on in the world […]

The NNPC tweeted a picture of what their new structure will look like. You can also download the picture below. 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, readers should please consult […]

The Transmission Company of Nigeria(TCN) has confirmed that the Power Generation in the country has fallen to an all time low of 1,580mw. For most Nigerians, the poor epileptic supply being experienced reflects the data released by the TCN. Nigeria currently has an installed generating capacity of about 6,000 MW and is thought to require […]

President Muhammadu Buhari will attend the Nuclear Security Summit in Washington DC at the end of March. The three-day event will be hosted by President Barack Obama between March 30 and April 1. An initial list of delegates released showed that President Buhari will be accompanied to Washington by three Governors and six Ministers. The […]

Be careful when you are analysing bank stocks and deciding whether to buy, sell or hold as its not everyday your regulator comes out to tell you plainly that banks are basically cooking the books and lying about their Non performing loans (NPL) exposure. Doyin Salami, an economist and member of the Central Bank of […]

President Muhammadu Buhari has appointed Dr Dakuku Peterside as the Director General of Nigerian Maritime administration and Safety Agency (NIMASA). A statement signed by Yetunde Sonaike, the Director, Public Relations, Ministry of Transportation in Abuja said that the appointment was with immediate effect. You may recall that Peterside was the Rivers State governorship candidate for […]

Wapic Insurance Nigeria Plc has ended 2015 financial year on an impressive as Full year profit surged 444.65 percent amid rising claims expenses and increased combined ratios. The 2015 audited financial statement showed net income jumped to N1.29 billion from N236.83 million the previous year. Profit before tax increased by 2,115 percent to N1.66 billion […]Read More