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One month ago, we first revealed that for one prominent winner from the subprime crisis, Hayman Capital’s Kyle Bass, “the greatest investment opportunity right now” is to short the Chinese Yuan: as he explained “given our views on credit contraction in Asia, and in China in particular, let’s say they are going to go through […]Read More

    By EconMatters While I do not see EconMatters as a movie critic like Roger Ebert, sometimes it feels almost like civil duty to let people know not to waste money on a bad movie. I missed the Start War VII when it opened during Christmas last year and at the same time endured a […]

Authored by Paul Craig Roberts, I, Michael Hudson, John Perkins, and a few others have reported the multi-pronged looting of peoples by Western economic institutions, principally the big New York Banks with the aid of the International Monetary Fund (IMF). Third World countries were and are looted by being inticed into development plans for electrification […]

Happening Now: #Cameroon Guns Down 15 #BokoHaram Members After Early Morning Attack – SIMONATEBA.COM 1 Share Share Tweet Share Email At least 15 Boko Haram members were killed in Cameroon’s far north on Monday morning following an attack by about 50 insurgents, a report said. Local newspaper, L’Oeil du Sahel, said at least two militants […]Read More

President Muhammadu Buhari said at the weekend that his administration will continue to guarantee the economic rights of women by increasing budgetary allocation to projects by Federal Government ministries, agencies and departments targeted at improving the lives of women, spokesman Femi Adesina said in a statement, quoting a speech the President made at the 26th Ordinary […]

President Muhammadu Buhari said on Sunday that the African Union’s vision to silence the guns and reduce preventable conflicts in the continent by 2020 must be achieved now. Buhari was speaking at the 26th AU summit in Addis Ababa, the Ethiopian capital, spokesman Femi Adesina said in a statement. Buhari, Adesina said, decried the use […]

On Friday, on the way to diving into Goldman’s $20 crude call, we recapped our characterization of low crude prices as a battle between the Fed and the Saudis, a battle which is now manifesting itself in budget troubles in Riyadh and a concurrent FX reserve burn. Here’s what we said:     When Saudi […]

The Financial Times on Sunday reported that Nigeria was planning to obtained a $3.5b loan from the World Bank and African Development Bank (AFDB). Nigeria has approached the World Bank for a $2.5 billion and another $1 billion from the AFDB.  Whilst the World Bank will typically require IMF consent to disburse any loan the, […]

January 31, 2016•Allocations to constituencies of Saraki, Dogara Principal Officers affected •Aftermath of NASS leadership tussle•469 Constituencies now to get N60bnWritten by: Taiwo Adisa, Abuja As the details of the 2016 Budget continues to unfold, it has emerged that President Muhammadu Buhari has slashed the N100 billion Constituency funds meant for the 469 Senatorial Districts and […]

Share Tweet Share Email At least three persons were killed and 56 others injured on Sunday after Boko Haram suicide bombers attacked a locality in Lake Chad, an Agence France Press (AFP) Report said. The Lake Chad attacks came only a day after close to 70 people were massacred by Boko Haram terrorists on Saturday […]

The Financial Times is reporting that Nigeria is seeking for an “emergency loan” of $3.5b to help finance the 2016 Budget. According to the times, Nigeria is seeking funding of $2.5b and $1b World Bank and Africa Development Bank (ADB) respectively. The article quoted the Minister of Finance: I’m getting sub 3 per cent blended […]Read More

Forte Oil released its 2015 FY results showing profit after tax for the group rose 30% to N5.8 billion. The company also reported a 27% drop in revenue for the year as revenue dipped to N124 billion compared to N170 billion a year earlier. Here are the key highlights of this results; Revenue The company’s […]