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Authored by Mark St.Cyr, Here in the U.S. election season is in full swing, and it’s near impossible to find relief from the minute by minute relentless political ads, along with the ever-present media commentary. However, I never contemplated when I previously prayed, then begged for relief from the incessant pharmaceutical ads that bombarded me […]

Just when you thoughjt it was safe to chase the biggest short squeeze in history Fed vice-chair Fischer f##ked it all up… [embedded content] The US equity market has only been more overbought 3 days in history… Amid the Biggest short squeeze…ever! It’s not the fundamentals; it’s oil stupid!! As WTI (front-month continuous based on […]Read More

There’s a Petition at Change.org to suspend Turkey’s membership in NATO. Why kick Turkey out of NATO? Because: Turkey just shut down the largest Turkish newspaper using tear gas, water canons and brutality: [embedded content][embedded content] After reporters, local police and Turkish generals caught a weapons shipment from Turkey into Syria, they were all arrested […]Read More

Akwa Ibom Commissioner for Finance, Akan Okon, said the state would begin to tax consumption of alcohol in hotels and beer parlours. Okon confirmed to journalists in Uyo over the weekend that people who consumed alcoholic drinks would henceforth pay a token as tax. < blockquote> “Some people who lodge in hotels and consume alcohol […]

Aliko Dangote, Africa’s richest man and President and Chief executive officer of Dangote Group, says his cement company Dangote Cement has seen a 47 percent growth in sales volumes between January and February 2016.Dangote was speaking today at the Economist Summit in Lagos which Nairametrics is covering.Other anecdotes shared by Dangote include: Dangote Cement can […]

Dangote Group, said on Monday that it is planning to buy phosphate from Morocco and potash from Congo-Brazzaville to feed a planned fertilizer plant. According to Reuters, Dangote told a business forum in Lagos his firm was close to signing a deal with a Moroccan firm to supply phosphate, without giving details. Dangote has raised […]

Nigeria’s minister of Industry, Trade and Investment Okey Enelamah said at the Economist Summit today that options for the naira may involve pricing flexibility to create an environment for the private sector to bring in money.Okey who also said that GE was in talks with the Government on improving power supply listed his priorities for […]

An Iranian court on Sunday, sentenced billionaire businessman Babak Zanjani to death for embezzlement of public funds, and “spreading corruption on Earth”. Babak Morteza Zanjani is auguably one of the richest men in the entire Islamic Nations, with a net worth of over $13.5 billion, he heads a body known as the UAE-based Sorinet Group […]

Nigeria will not be experiencing any industry wide banking crises, despite the slump in oil prices according to Access Bank CEO Herbert Wigwe.Wigwe who was speaking at the Economist Summit in Lagos, said not all banks financed oil and gas deals at the peak of oil prices.Banks also have the ability to restructure oil loans […]

Wale Tinubu Group CEO of Oando says the company will pay off its existing $450 million in debts in about 2 years.Tinubu who was speaking at the economist summit said the firm will clear its existing debt (which is down from $900 million) by paying $50 million a quarter over the next 18 – 24 […]

Iranian oil has been delivered to Europe for the first time since the sanctions were lifted in January by the European Union(EU). You may recall that an oil trade embargo was imposed on Iran by the European Union for them to put an end to their nuclear program back in 2012. An Iranian oil tanker,The […]

Nigerian stocks started the week on a positive, as the All Share Index rose marginally by 0.27% to close at 25,890.94. Last week, Nigerian equities posted strong gains driven by impressive numbers and corporate action announcements from DANGCEM and to a lesser extent AFRIPRUD as well as improved market sentiments, as local investors positioned ahead […]