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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 of earnings release by other corporates. These saw the All Share Index surge 6.57% to close at 25,820.10pt, following 5-consecutive session of gains. […]

Africa Prudentials Plc released its 2015 full year results showing earnings per share increased year on year by 18% to 72 kobo per share. The company also reported a 15% hike in revenue to N2.5 billion with growth coming from both its Registrar’s and Investment business. The Investment segment of the company led revenue growth […]

It never ceases to amaze (and amuse) us how much time big bank “economists” and “strategists” spend on Zero Hedge – even though we have never compensated said banks either directly or with soft dollars – instead of doing research, or spending time with their paying clients. Just one week ago, it was CitiFX’s Brent […]Read More

Submitted by Jack Salmon via The Foundation for Economic Education, A new report from JP Morgan Chase & Co. finds that the summer employment rate for teenagers is nearing a record low at 34 percent. The report surveyed 15 US cities and found that despite an increase in summer positions available over a two year […]

It’s probably safe to say that most central bankers aren’t particularly enamored with the idea that post-crisis monetary policy has contributed to rising income inequality. Take Ben Bernanke for instance, who took a few moments away from advising Citadel and PIMCO last year to throw on his blogger Ben hat and explain why he and […]

Submitted by Lance Roberts via RealInvestmentAdvice.com, At the end of January, I discussed the potential for a reflexive rally in the markets and laid out three retracement levels at that time. “The good news, if you want to call it that, is that the market is currently holding above the recent lows as short-term oversold conditions […]

In a stunningly honest and frank rant, FOX News’ Judge Jeanine unleashes anchor hell upon Mitt Romney and the GOP establishment hordes. She begins: “There’s an insurrection coming. Mitt Romney just confirmed it. We’ve watched governors, the National Review, conservative leaders, establishment and party operatives trash Donald Trump. But Mitt Romney will always be remembered […]Read More

Submitted by John Rubino via DollarCollapse.com, Suddenly, gold and silver are good again. In two short months, they’ve morphed from targets of derision to shiny new toys on the financial playground. Not surprisingly, questions have been pouring in from people who kind-of sort-of know the precious metals story and are wondering if they should jump […]

It was just seven weeks ago when we said the following about Donald Trump and Europe’s increasingly intractable migrant crisis: “Europe’s worsening refugee crisis is in many ways the best thing that could have happened to Donald Trump’s Presidential campaign.” The rationale behind that comment should have been obvious, but just in case it’s not, […]Read More

Via Dana Lyons’ Tumblr, The Value Line Geometric Composite, which broke critical support in early January leading to an immediate 12% drop, has climbed all the way back to the breakdown level. The Risk Model that orients our investment posture utilizes market inputs other than simply price in its construction. However, if we were to […]

There is perhaps no more perverse relationship in the world than that which exists between the West and Saudi Arabia – or, “the ISIS that made it,” as Kamel Daoud, a columnist for Quotidien d’Oran, and the author of “The Meursault Investigation” calls the kingdom. We’ve been over and over the glaring absurdity inherent in […]Read More

Breaking! James Ocholi, Nigeria’s Minister Of Labour Dies In Road Accident – SimonAtebaNews 3 Shares Share Tweet Share Share Email Mr. James Ocholi, the Nigerian minister of state for labour and employment, has died in a road accident. He died on Sunday afternoon in Kaduna State. Reports said his wife and child also perished in […]