admin

Moody’s Investors Service has placed on review for downgrade the long-term ratings of 3 Nigerian banks — Access Bank plc (Ba3/B1 RUR down, b2 RUR down), Sterling Bank plc (B2 RUR down, b3 RUR down) and Bank of Industry (Ba3 RUR down). The reviews are driven by assessment of the potential weakening of the Nigerian […]

Nigerian stocks closed on a negative today as the All Share Index (ASI) declined by 0.53% to close at 25,755.01. This was the first slide in a week, as the stock exchange had been on the rise the whole of last week driven by impressive numbers and corporate action announcements. ASI: 25,755,01 DEALS: 3,224 VOLUME: […]Read More

Nigeria could rank 12th most industrialized countries in the world if the country invest in infrastructure and diversify the economy, according to Philip Walker, Regional Manager, the Economist Intelligence Unit. “Nigeria’s ability to diversify the economy will see regional trade spike and that is good for the economy,” said Walker. Pragmatic reforms could get Nigeria […]

Computer Ware House Group (CWG) has issued a profit warning that it is expecting an operating loss in its full year 2015 as the company continues to grapple with the tough operating environment. The company said in a statement released on the NSE website that it suffered from exchange rate loss stoked by the devaluation […]

The Attorney-General and Minister for Justice, Abubakar Malami, SAN, has signed a “Letter of Intent” between the Federal Republic of Nigeria and the Swiss Government over the restitution of stolen wealth and assets domiciled in Switzerland. On its own part, the Head of the Foreign Affairs Department, Mr. Didier Burkhalter signed for the Swiss Government. […]

Via EvergreenGavekal.com, “The areas of consensus shift unbelievably fast; the bubbles of certainty are constantly exploding.” – REM KOOLHAS, RENOWNED DUTCH ARCHITECT AND HARVARD UNIVERSITY PROFESSOR SUMMARY While conventional wisdom suggests that US government bond yields have nowhere to go but up, we believe the economic fundamentals will continue to weigh on interest rates for […]

The trend is still your friend (for now)… S&P futures bounced perfectly off the short-squeeze ramp trendline today…at 1980 The question is, can it hold for the rest of the day, as bond yields collapse to the day’s lows, credit decouples and oil is weak? Average: Your rating: None Average: 5 (3 votes)

Sweden beats USA and Germany as the least likely to default on its bonds but at the other end of the global sovereign risk spectrum lie two socialist utopias – Venezuela (CDS just shy of 6000bps) and Greece (CDS around 1800bps) are the nations most likely to default. Of course, our readers will be well […]

Authored by Michael Shuman, originally posted at BloombergView.com, Call me old fashioned, but I still think prices matter. I vividly recall the first time I studied those simple supply-and-demand graphs as a college freshman, and today, far too many years later, their basic logic remains undeniable. When prices are right, money flows to the most […]

Frontrunners Donald Trump and Hillary Clinton will both face fresh tests on Tuesday, in their respective quests for their party’s presidential nomination. Trump put on a respectable, if less spectacular performance on Saturday, prevailing in Louisiana and Kentucky but falling to Ted Cruz in Kansas and Maine. As Bloomberg writes, “Trump’s victories also were narrower […]Read More

The Fed is rapidly losing control. Core inflation has already broken above 2%. This happened when OIL was imploding. As well as commodities in general. Why does this matter? Because core inflation is ABOVE 2% at a time when commodity prices were FALLING. The Government HAS TO adjust its models to account for this so […]

As global stock markets have soared in recent weeks, accelerating most recently after the dud of the G-20 meeting, gold has also rallied, strongly suggesting there is anything but confidence in this ramp. So Gold Is Screaming, but as ConvergEx’s Nick Colas asks, What Is It Saying? Gold is up 19% so far in 2016, […]