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It appears, first slowly and now quickly, the world is realizing that Alan Greenspan was right after all: “Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.” As Nick Laird exposes, gold prices are running away in the weakest countries first… It […]

Authored by Pascal-Emmanuel Gobry, originally posted at The Week, Venezuela’s economy is collapsing. The country has topped Bloomberg’s “Economic Misery Index,” which takes into account several economic measures, for two years. Runaway inflation and high unemployment are plaguing the country. The country’s government is taking emergency measures, including increasing the price of gas (which is […]Read More

The decision on whether to devalue or not has apparently split the country into two or should we say three? Those for devaluation, those anti devaluation and those who will rather have us float the naira all taking positions for or against or perhaps recommending a more radical approach. It is also instructive to note […]

President Muhammadu Buhari has quashed any suggestion that the naira – officially between N197-N199 while almost N400 in the black market – will be devalued to reflect the true market realities. The President reiterated his stance against naira devaluation, insisting that Nigeria is not at par with developed countries that produce to compete among themselves […]

The Central Bank of Nigeria (CBN) has not stopped the allocation and sale of Foreign Exchange for purposes of paying medical and school fees abroad, the apex bank has said. Director, Corporate Communications Ibrahim Mu’azu made the clarification on Friday, explaining that any information stating otherwise is false. “Despite assurances from the CBN, some persons […]

On Friday, David Cameron trumpeted a “deal” the British PM says he secured with the EU that will reduce the UK’s financial burden as it relates to refugees and other EU nations. To be sure, the “agreement” seems more symbolic than anything. Indeed, it’s not even clear exactly what it is Cameron accomplished with negotiations […]Read More

Any time the relative performance of global financials to US Treasuries has stumbled as far as it has, as shown in the chart below, it has meant one thing – a major central bank intervention was imminent. At least that’s the interpretation of BofA’s Michael Hartnett, who shows that in order to provide the kick […]

If you have had a current bank account in Nigeria, then you may at one time or the other been faced with heavy excessive charges from your bank. Most Commercial Banks in Nigeria are fond of charging their customers fictitious and excessive charges which are often goes unnoticed by depositors. The situation even gets worse […]

During the week, Charles Sirleaf the son of President Ellen Johnson Sirleaf was confirmed as the interim governor of the Central Bank of Liberia. However, his appointment has stirred up fresh allegations of nepotism against President Sirleaf. A leading voice against the choice is head of human rights monitoring at the influential United Methodist church […]

Ekiti State Governor, Mr Ayodele Fayose has raised the alarm over the imminent collapse of the county’s economy, saying the President Mohammadu Buhari led All Progressives Congress (APC) government was yet to show any sign that it has any solution to the dwindling economy. The governor, who called on Nigerians to prevail on President Buhari […]

Huhuonline.com can disclose that the divorce between Pastor Chris Oyakhilome and his wife Anita has been finalized. A statement issued by Mrs Oyakhilome`s lawyer, Attwater Jameson Hill and published on its website,said,“a decree absolute was pronounced in the High Court of Justice Principal Registry of the Family Division dissolving her marriage to Christian Onehirokpeana Oyakhilome.” […]Read More

…Mass defection looms Rivers State governor, Nyesom Wike and his Ekiti State counterpart, Ayo Fayose were the masterminds of the emergence of a former governor of Borno state, Ali Modu Sherrif as the new chairman of the Peoples Democratic Party (PDP), investigations have revealed. Their action, now causing a whirlwind of protests in the party, […]