The naira on Thursday depreciated the most against the dollar as scarcity of foreign exchange (FX) persists in the markets, according to BusinessDay investigations. The naira weakened by N14 or…
Increase in electricity tariffs in Nigeria, which took effect February 1, and was greeted with nationwide protests, did not affect consumers in the low-income class, otherwise known as the R1…
Kemi Adeosun, minister of finance, and Udo Udoma, minister of budget and planning, are expected to appear before the Senate and House of Representatives’ joint Committees on Appropriation to clarify…
Submitted by Paul Rosenberg via Free-Man’s Perspective blog, Over the last few months a stream of articles have crossed my screen, all proclaiming the need of governments and banks to…
“We should all fear Oilmageddon!” That’s the word from CitiBank, which is SUPPOSED to be the voice of reason in these markets. When Banksters tell us to get out of…
Late last month, HSBC Holdings CEO Stuart Gulliver announced a global freeze on hiring and compensation in a move designed to help the bank cut some $5 billion in costs…
Neither USDJPY nor Japanese stocks can hold a bid in the early going in Asia markets which has dragged both into the red post-QQE2. Since Kuroda took over from The…
Day after day we are told that the plunge in oil prices (just like the collapse in The Baltic Dry freight index) is a “supply” issue… it’s transitory and global…
By now all of our readers should be familiar with JPM’s head quant Marko Kolanovic whose unblemished track record of accurate market calls is not only second to none, but…
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…