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Shares of manufacturers quoted on the Nigerian bourse have been consistently beaten down since 2015, a situation compounded by foreign exchange restrictions imposed by the Central Bank of Nigeria (CBN). Flourmills, the largest miller in Africa’s largest economy last saw stock price rise to the highest in 2015 when it touched N31 but today it […]

Dana Motors, authorised dealer of Kia vehicles in Nigeria has revealed that the Kia has concluded plans to source 90 per cent of its vehicle components in the country. The organization said that the plan, which is in line with the automotive policy of the Nigerian government, was geared towards advancing Nigeria’s economy, in the […]

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has clarified that the Nigerian National Petroleum Corporation (NNPC) has not been unbundled. He made the clarification while addressing journalists after the Federal Executive Council (FEC) meeting held on Wednesday in Abuja. Kachikwu noted that the corporation was only undergoing reorganisation. He explained that the corporation […]

Authored by Paul Brodsky of Macro-Allocation.com, The Triumph of Politics  All of life’s odds aren’t 3:2, but that’s how you’re supposed to bet, or so they say. They are not saying that so much anymore, or saying that history rhymes, or that nothing’s new under the sun. More and more theys seem to be figuring […]Read More

We had a hard time deciding if the following rant written by the twice disgraced Keith Olbermann about, of all things, punishing Donald Trump by moving out of a Trump building (he is “getting out because of the degree to which the very name “Trump” has degraded the public discourse and the nation itself. I […]

Everyone assumed it would be the threat (or the reality) of international terrorism that would ultimately break Europe’s resolve when it came to goodwill towards Mid-East refugees. Indeed, we remember vividly when the first reports of a “Kalashnikov assault” on cafes in the French capital hit social media on that fateful Friday in November. “That’s […]Read More

Via The Burning Platform blog, The following video explains as well as we’ve ever heard, why we should all vote for Candidate Nobody. Here is the video: [embedded content] Of course, not 1 in 20 will listen to a twenty-minute video, even here. So, I transcribed it. And, added some pictures for your viewing pleasure. […]

Liquidity worries are so 2015. In the new year, there are much more pressing concerns. Like a possibly imminent, overnight yuan float, which would quite simply torpedo every risk asset on the planet even as it would probably be just the thing Beijing’s economy needs to secure long-term stability. And then there’s crude prices which, […]

Submitted by David Stockman via Contra Corner blog, The world financial system is booby-trapped with unprecedented anomalies, deformations and contradictions. It’s not remotely stable or safe at any speed, and most certainly not at the rate at which today’s robo-machines and fast money traders pivot, whirl, reverse and retrace. Indeed, every day there are new ructions in the casino that […]Read More

For the 47th month in a row, China’s Producer Prices have fallen year-over-year – a record deflationary streak. CPI rose 2.3% YoY – the fastest pace since May 2014 (against expectations of a 1.8% rise in consumer prices, and at the upper end of the +1.5% to +2.4% range). PPI printed as expected with a  […]Read More

The European Central Bank promised in January to “review and reconsider” its monetary stance this week. The question, as BloombergBriefs notes, is not if policy makers will ease but how. Haruhiko Kuroda’s humbling in FX markets shows what Mario Draghi is up against tomorrow: namely, that even the most forceful policy decisions can be overwhelmed […]

Submitted by William Reynolds via Medium.com, Something that has gone unnoticed in all the talk about the investigation into Hillary Clinton’s e-mails is the content of the original leak that started the entire investigation to begin with. In March of 2013, a Romanian hacker calling himself Guccifer hacked into the AOL account of Sidney Blumenthal […]