NNPC Post N267 Billion Loss In 2015
Source: NNPC NNPC has released its 2015 Full year report posting a whopping N267 billion loss. This was the first time in decades that Nigerians are seeing NNPC’s results. Here…
Low Registration Forces CBN To Postpone BVN For Diaspora Depositors To June 2016
The Central Bank has issued a circular postponing BVN registration for Diaspora depositors to June 30th 2016. The Bank had earlier set a deadline of January 31, 2015 but was…
Highlights of FCMB’s Conference Call To Investors
FCMB had its earnings call today as investors listened in eagerly to hear what CEO Ladi Balogun had to say about the results. The Bank earlier in the year issued…
The Real Reason For Oil’s Crazy Volatility This Week
The volatility in crude oil trading has reached the highest levels since Lehman’s systemic crisis in 2008. Intraday swings of 5-10% are now de rigeur with OPEC and geopolitical headlines…
Saudi Arabia “Ready To Send Ground Troops To Syria”
Last month, when Saudi Arabia announced it would be heading (that’s heading, not beheading) a 34-nation “anti-terror coalition”, everyone who knows anything at all about the Mid-East and about the…
A Preview Of This Weekend’s Event That Could Unleash A “Vicious Bear Market Rally”
As noted earlier today, BofA’s chief credit strategist Michael Hartnett is anything but bullish: in his own words, he remains a seller “into strength in coming weeks/months of risk assets…
Sweden: Death By Immigration
Submitted by Ingrid Carlqvist via The Gatestone Institute, The atmosphere on Swedish social media is now almost revolutionary. People post videos of themselves accusing the government of murder, of filling…
“HY Primary Markets Are All But Shut” – What Keeps BofA’s Junk Bond Analyst Up At Night
We’ve written quite a bit about US O&G producers’ dependence on capital markets to plug funding gaps. In short, the entire space is free cash flow negative, which means without…
Congress Wants To Turn The US Postal Service… Into A Bank
Submitted by Simon Black via SovereignMan.com, It’s news that seems ripped from the pages of The Onion. Or perhaps Atlas Shrugged. But incredibly enough it’s actually true: earlier this week,…
Obama Proposes $10/Barrell Oil Tax To Fund Government Transportation Spending
“It’s a supply issue“, “No, it’s a demand issue” – when it comes to the cause for plunging oil prices, the two camps will surely never agree on just what…