admin

First, it was The BoJ’s utter collapse from omnipotence to impotence. Then came the collapse of The Fed’s credibility in the short-term…. and the longer-term. And now it is the turn of Mario Draghi’s ECB to face total failure, as the European banking system – the prime beneficiary of “whatever it takes” – has crashed […]Read More

Submitted by Brandon Smith via Alt-Market.com, Many of us saw it coming a long time ago — increasing confrontation between liberty proponents and the corrupt federal establishment leading to increasing calls by political elites and bureaucrats to apply to American citizens the terrorism countermeasures designed for foreign combatants. It was only a matter of time […]

By Monique Muise, as published on Global News Canada sells nearly half of all its gold reserves The government of Canada sold off nearly half its gold reserves in recent weeks, continuing a pattern of moving away from the precious metal as a government asset. According to the International Monetary Fund’s International Financial Statistics, Canada […]

…and credit is always right in the end! 1,100 is the target… High Yield bond yields and Leveraged Loan prices are at their worst since 2009 as it seems the hosepipe of QE3 liquidity (its the flow not the stock, stupid) is slowly unwound from a buybacks-are-over equity market. Average: Your rating: None Average: 4.5 […]

15 Shares Share Tweet Share Email Ekiti State Governor, Mr. Ayodele Fayose, has hailed the Supreme Court judgment which affirmed the election of Governor Darius Ishaku of Taraba State. Mr. Fayose said he was happy the country’s apex court had restored the confidence of Nigerians in the judiciary and explained that politicians who believed they could circumvent the electoral […]Read More

1 Share Share Tweet Share Email Two boys, who were injured by Boko Haram suicide bombers in Nguetchewe area of Cameroon’s far north on Wednesday morning while attending a funeral, died at the hospital on Thursday, but their parents cannot afford the bills to take their corpses home for burial, reported local newspaper, L’Oeil du Sahel. […]Read More

The current agitation for devaluation of the naira is being led by investment bankers, who thrives on currency manipulation and speculations. This was the submission of Edo State Governor, Comrade Adams Oshiomhole while calling for increase in the number of items excluded from accessing foreign exchange in the country as part of measures to protect […]

The exchange rate between the naira and the dollar depreciated to N320 on Thursday as the scarcity of the dollar at the parallel market continued to hip pressure on the naira. The CBN had last month shut out parallel market operators from accessing its window blaming them for round tripping. It appears now that the […]

The Lagos Chamber of Commerce and Industry, LCCI, has warned that the current foreign exchange restrictions especially the exclusion of 41 items from the foreign exchange market might lead to loss of 80,000 jobs in the manufacturing sector. The Chamber said this was due to inability of manufacturers to access foreign exchange even for items […]

Breaking! Nigerian Army Sends Serving Generals To EFCC For Corruption Probe, Other Senior Soldiers – SIMONATEBA.COM 6 Shares Share Tweet Share Email Military Press Statement The Nigerian Army wishes to inform the public that 12 Army officers have been sent to the Economic and Financial Crime Commission (EFCC), for investigation. This comprised of 3 serving […]

The United States Embassy in Nigeria condemned on Thursday deadly Boko Haram suicide bombings at an Internally Displaced Persons camp in Dikwa, Borno state, that left 58 people dead and 78 injured on Tuesday. “We extend our deepest condolences to the families of the victims,” the Embassy said, adding that America remains committed to assisting internally displaced […]Read More

4 Shares Share Tweet Share Email A Nigerian pilot, Captain Ademilola Odujinrin, would begin next April the first ever solo round the world flight by an African originating and terminating in Africa, a statement said on Thursday. The project known as Transcend (One Man! One Plane! One World!) is a powered by “the relentless motivation, determination and […]Read More