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First Bank Nigeria Plc has been recognized as the first financial institution in Nigeria to achieve a volume of N100 million transactions in a month by Interswitch Transnational, Africa’s leading integrated payment and transaction processing company. Confirming this development, Interswitch’s Divisional CEO, Switching and Processing Akeem Lawal said: “It really says something about the strength […]Read More

According to data from the National Bureau of Statistics (NBS) on Motor vehicle registration and Personal License Statistics the number of license plates produced per state in Nigeria has reduced by 272.31% from 1,004,469 in 2013 to 269,795 in 2015. In contrast, the number of licenses issued have risen by 191% in the same period […]

Chairman of BUA Group, Abdulsamad Rabiu, has revealed to Reuters that the company is in talks with SINOMA, a Chinese company to build a cement plant in Nigeria and two others in East Africa for $1.9 billion. The two cement plants to be built will have an annual capacity of three million tonnes each, and […]

Terror attacks have repeatedly rocked Turkey over the last year. The government has blamed ISIS and Kurds for the attacks … and is about to use this “justification” to launch troops into Syria. But there is an alternative explanation.  Specifically, government officials have admitted that Turkey has repeatedly carried out false flag attacks. For example: […]

Submitted by John Whitehead via The Rutherford Institute, “We are not to simply bandage the wounds of victims beneath the wheels of injustice, we are to drive a spoke into the wheel itself.”—Dietrich Bonhoeffer The untimely death of Supreme Court Justice Antonin Scalia has predictably created a political firestorm. Republicans and Democrats, eager to take […]

In what could be the biggest blow yet for her campaign, the leader of the America’s largest federation of unions (counting 12 million active and retired “everyday Americans”) has chosen not to endorse Hillary Clinton over Bernie Sanders. Clinton has racked up endorsements from 18 unions, according to The Hill, including the Service Employees International […]

The Naira has plunged more than 70% in the black market when compared to the parallel market since the Central Bank adopted its “managed float” exchange rate system that saw it introduce quasi capital controls as well as restricting the purchase and sale of forex at its official window. The widening premium between the parallel […]

Prominent lawyer and human rights advocate, Mr Femi Falana said he will institute a legal action against the Nigerian Government if it proceed with its plan to take credit facilities to finance the 2016 budget. Mr Falana, in a letter to the minister of finance, advised the government to recover debts owed it by different […]

While we would be the first to admit that we disagree with Jeffrey Sachs on virtually every other issue, on the topic of Hillary Clinton, the ongoing Syria bloodbath which has come to define the geopolitical situation for the past 3 years, and how this is an event that would  “surely rival Watergate in shaking […]

Following this morning’s weak Starts and Permits data, even homebuilders are starting to lose faith in the recovery meme but there is a long way to go before that is priced in. Perhaps the follwoing two data points will help to wake up the rest of the investing public that all is not as well […]

One week ago, we were delighted to report that Australia admitted that its glorious, 6 and 8-sigma outlier job numbers from October and November, were nothing but a “technical issue” glitch, in other words, one big political lie. Specifically it was Treasury Secretary John Fraser, who admitted during testimony to parliamentary committee that jobs growth […]

Submitted by Michael Snyder via The Economic Collapse blog, After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment.  But that does not mean that the crisis is over. On the […]