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5 Shares Share Tweet Share Email Presidential Statement President Muhammadu Buhari has extolled the virtues of Hajiya Fati Koko, popularly called Maitalla Tara, who has passed away, aged 95. Mourning Hajiya Koko, who had waited nine hours in Kebbi early last year, to donate the sum of N1 million (One million Naira) to him as […]

Breaking! #Cameroon Army Finds #BokoHaram Members Hiding At A Camp, Wastes Them All – SIMONATEBA.COM 8 Shares Share Tweet Share Email The Cameroonian army on Thursday found Boko Haram members hiding at a camp in the country’s far north and killed all of them, a report said on Saturday as information was just emerging. Local […]

REMARKS BY PRESIDENT MUHAMMADU BUHARI ON THE 40th ANNIVERSARY OF THE DEATH OF GENERAL MURTALA MUHAMMAD Protocols On the 13th of February 1976, Nigeria suffered a grievous blow with the assassination of Murtala Muhammad in a failed coup d’état. The country mourned, and rightly so, because Murtala had been on his way to putting Nigeria […]

Ugodre conducted a twitter poll on how much the CBN should devalue the Naira to if they were to decide to devalue. Does this represent your view too? The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of […]

Last month, in our latest profile of the $2.8 billion Horseman Capital, we said that not only has that fund which some have called the “most bearish in the world” generated tremendous returns almost every single year since inception (except for a 25% drop in 2009 after returning 31% during the cataclysmic 2008), but more […]

In his final state-of-the-union address, President Obama famously accused anyone who dares to question the strength of the US economic “recovery” of “peddling fiction.” Shortly thereafter, we learned that the US economy grew at a paltry 0.69% in Q4. Below estimates.  Perhaps the most disturbing thing about the state of the economy – well, besides […]Read More

Submitted by Salil Mehta of Statistical Ideas Flipping volatility regimes Now we have a new year, with a carryover of the same volatility pick-up that started in August 2015.  For several years prior to August, it was the calamitous VXX ETF that was doing poorly; now it is the opposite-flavored XIV ETF that is being ravaged.  […]

It was just two days ago when Russian PM Dmitry Medvedev warned that if Saudi Arabia, the UAE, and Qatar invade Syria in a transparent attempt to shore up their Sunni proxy armies currently under siege by Moscow’s warplanes and Hezbollah, a “new world war” would be inevitable. He also indicated that such a conflict […]

If there was one man that had a profound effect on our history, perhaps more than any other, it was Gen. Murtala Ramat Mohammed. Sadly he was assassinated 40 years ago, on February 13th 1976. In a clime and a nation in which there are few true heroes, he was certainly one of them. I […]

Nine months ago, things weren’t look good for Syria’s Bashar al-Assad. Four years into his country’s bloody civil war, he found himself fighting a multi-front war against a long list of largely Sunni extremist elements and the government’s forces were stretched thin. The rebels enjoyed the support not only of the US, but of Saudi […]Read More

For those who follow the monthly consumer credit report released by the Fed there was nothing surprising in today’s release of the latest Household Debt and Credit Report by the New York Fed. It reports that total household debt rose to $12.12 trillion in Q4, up from $11.83 trillion a year ago… …mostly as a […]Read More

Submitted by SaxoBank’s Dembik Christopher via TradingFloor.com, Currency stability is a prerequisite for China’s economic transition Defending the yuan is prohibitively expensive – China cannot beat the market Progressive devaluation managed by PBoC is the most probable scenario for 2016 Remember that the country is on the capitalism learning curve Exchange rates will inevitably be […]Read More