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While we have generally disagreed with Morgan Stanley’s Adam Parker flipflopping on stocks some two years ago, or just as the market was topping out, we can’t find fault with his latest note released today in which he openly admits that “our portfolio advice has been pretty horrendous lately. As my 90-year old Latin teacher […]Read More

In 17 of the 19 times in the last 100 years that Industrial Production has contracted for 3 consecutive months, the US economy has entered recession. Today 0.7% drop YoY is the 3rd month of declines. The only times in the last 100 years that 3 months of US Industrial Production contraction has not coincided […]

Oil prices limped higher overnight in their ubiquitous carry-driven way, only to tumble quickly this morning as the reality that, as Goldman says “at record levels, this production freeze doesn’t help at all“) and clear indications from the meetings in Tehran that Iran will do ‘whatever it takes’ to increase its production to pre-sanctions levels. […]Read More

Tiger Branded Consumer Goods Plc (company) have notified the Nigerian stock exchange (NSE) of the appointment of Ms. Halima Dangote as an Executive Director. In a letter written to the DG of the NSE, the company said that the appointment will take effect from the 15th of February 2016. Halima Dangote, before her appointment, was […]

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu said the Nigerian National Petroleum Corporation (NNPC) has commenced discussion with oil majors and banks to raise capital for new drilling and to repay up to $4 billion in debt. According to Dr. Kachikwu, also the Group Managing Director of NNPC, the state oil company […]

As Nigeria grapples with an exchange rate debacle that is escalating prices of goods and services an important meeting is taking place in Tehran the capital of Iran. According to Reuters, OPEC members are traveling to Iran to discuss with the country about its plans to resume export of crude oil. Iran was recently welcomed […]

Social Media has been agog with the ‪#‎BuyNaijaToGrowTheNaira‬ campaign made popular by Senator Ben Bruce. However, a poster on Facebook Tokunbo Akomolede, reveals the concept of Buy Naija Grow the Naira may have been brought to limelight by  Afrobeat Legend Fela Anikulapo Kuti and not Ben Bruce. In the song he says “Kilati ma l’owo ni Africa? […]Read More

MTN has partnered with the MTN Solution Space and Jumia to launch the MTN Entrepreneurship Challenge which will bring together over 1000 African entrepreneurs, students and investors, to collaborate on ways to amplify and consolidate the continent’s entrepreneurs. It targets more than 60 universities in 13 countries across Africa and will challenge students to develop […]

I was just going through the returns as rendered by Zenith Bank on how it utilized the forex allocated to it by the CBN and what has struck me is the fact that over 90% of the funds were utilized for the payment of School fees by Nigerians on behalf of their wards and children […]

Over 90% of Startups often fail in their first three years of operations and many more fail due to premature scaling. The few that make through to maturity often do so by avoiding or learning from common mistakes that many other make. We discussed with a few Startups to learn from their experiences with particular […]

Minister of Communications, Mr. Adebayo Shittu has said that the federal government has stopped the plan to privatise the Nigerian Communications Satellite Limited (NigComSat) because it will short change Nigerians. According to Mr. Shittu, it would be more strategic for the FG to take a loan to increase the fleet of satellites available to the […]

Nigeria’s Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, says he plans to meet top members of the Organisation Petroleum Exporting Countries (OPEC) – Qatari and Saudi – to find a solution to the current slump in prices of crude. Kachikwu told Reuters that there was no definite decision on production reduction reached […]