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The Economic and Financial Crimes Commission, EFCC, on Wednesday,  presented its tenth witness in the on-going  trial of a former Director General of the Nigeria Maritime Administration and Safety Agency, NIMASA, Mr. Patrick Akpobolokemi and five others. Akpobolokemi is standing trial, alongside five others, before Justice Ibrahim Buba of the Federal High Court sitting in […]

18.8K Crime Exclusive: Yewande, Nigerian Lawyer Who Stabbed Husband To Death Lived Pious Life Before Incomprehensible Tragedy 11.6K Crime Fake Nigerian Governor In Gombe State Docked For N.2m Fraud 9.4K Business MTN #Nigeria fined $5.2 billion for failing to register users 6.9K Politics Lagos Govt Justifies Investment: Our Choppers Located Crashed Bristow Helicopter 6.5K Business […]Read More

18.8K Crime Exclusive: Yewande, Nigerian Lawyer Who Stabbed Husband To Death Lived Pious Life Before Incomprehensible Tragedy 11.6K Crime Fake Nigerian Governor In Gombe State Docked For N.2m Fraud 9.4K Business MTN #Nigeria fined $5.2 billion for failing to register users 6.9K Politics Lagos Govt Justifies Investment: Our Choppers Located Crashed Bristow Helicopter 6.5K Business […]Read More

Abductors of three schoolgirls – Timilehin Olisa, Tofunmi Popoolaniyan and Deborah Akinayo – from Babington Macaulay Junior Seminary (BMJS) Ikorodu, Lagos have demanded N200 million as ransom. The three, all in SS2,  were stolen from their classroom where the were observing prep around 9:30pm on Monday.  It was learnt that Timilehin Olisa is the daughter […]

Are you the 1% or the 99%? How about among millennials? Or high-school dropouts? The Wall Street Journal shows how your income compares with your fellow Americans. Earning $25,780 would put you below 50% of Americans reporting individual income in 2014. What percent are you? Click image below for interactive version Average: Your rating: None […]

While the market has had its share of bogeymen to worry about so far in 2016, mostly along the lines of the “Four Cs“, namely China, Crude, Credit and Currencies, it has so far largely ignored one letter: the Big D, for Donald, as in how would a Trump presidency affect the market. And, as […]

Submitted by Gail Tverberg via Our Finite World blog, We have been living in a world of rapid globalization, but this is not a condition that we can expect to continue indefinitely. Figure 1. Ratio of Imported Goods and Services to GDP. Based in FRED data for IMPGS. Each time imported goods and services start […]

British workers will have to work until they are 81 if they want to build up savings that guarantee their parents’ standard of retirement, according to a new study by pension provider Royal London. Without significantly higher levels of engagement in pensions, the report concludes rather ominously, “we may be witnessing the death of retirement.” […]

Once again we find that it is only after they leave their official posts that central bankers finally tell the truth. Last night, it was Alan Greenspan who blasted the state of the economy, saying that “we’re in trouble basically because productivity is dead in the water” and when asked if he is optimistic going […]

Submitted by Charles Hugh-Smith of OfTwoMinds blog, Could it be that America’s ruling classes, its Imperial state and the Federal Reserve, no longer rule their own destiny? America’s smug ruling classes are supremely confident: they feel no fear, no caution, and exhibit no prudence. I outlined the five ruling classes in America’s Nine Classes: The […]Read More

While “greed was good” in the ’80s, it appears “gold is good” in the new normal. As much as the barbarous relic is despised by all the mainstream money-peddlers in public (aside from those who have left the familia like Alan Greenspan), it seems to be loved in private. Central banks have been net buyers […]Read More

Dangote Cement, Nigeria’s largest company by market value just reported sterling results for year-end 2015, but look underneath the numbers and there are some troubling signs, investors should be aware of. Fig 1: Segment revenues and results Source: Company Financials Looking at the segment revenues and results across DANGCEMs regions of operation across Africa, one […]