Ibadan Discos Accused of diverting Bailout Fund
The Ibadan Electricity Distribution Company (IBEDC) has been found wanting by an audit report in the management bailout fund for the electricity sector. The company is among the first of…
Naira Reverses Loss After Dropping to 500/Dollar
The naira dropped against the United States dollar from 498 to 500 at the parallel market during the early trading hours on Monday, crossing the critical threshold currency analysts had…
We’ll Resist Petrol Price Increase- NUPENG
Any attempt to increase the price of Premium Motor Spirit, which is popularly known as petrol, will be resisted by the National Union of Petroleum and Natural Gas workers, its…
Customs Intercepts 661 Rifles in Lagos
Nigeria Customs Service has seized 661 pump action rifles imported into the country from China illegally. They were packed in 49 boxes and concealed with steel doors and other merchandize…
Trump Slams “Astronomical” Drug Prices, Tells CEOs To “Get Prices Down”
In his latest close encounter with top US CEOs, President Donald Trump told drugmakers at a White House meeting Tuesday they were charging “astronomical” prices and promised to get better…
The Foolishness And Hypocrisy Of #DeleteUber
Submitted by Michael Shedlock via MishTalk.com, #DeleteUber is a social media protest against Uber. The protest surged following a New York City taxi impromptu strike at JFK airport following the…
Democrats Boycott Confirmation Of Trump Nominees, Blocking Mnuchin, Price Votes
Full out war between Democrats and the White House broke out today when Senate Democrats on Tuesday refused to attend a committee vote on two President Trump’s more controversial nominees,…
Is A US-German Trade War Imminent?
In the aftermath of the stunning statement by Trump‘s top trade advisor, Peter Navarro, who indirectly warned that a currency, and therefore, trade war with Europe may be imminent after…
Online Grocer Debuts “Fruit-Picking Robot” In Latest Blow To Minimum Wage Proponents
In the latest sign that low-skill jobs are doomed to the inevitable, detrimental effects of technological advancements, particularly in era of politicians relentlessly fighting for higher minimum wages, an online…
Why February May Be An Ugly Month For Markets: Here Are BofA’s “Danger Signals”
With the S&P500 ending January on the back foot, more pain may be in store for markets in February. This is the observation of BofA’s chief technician Stephen Suttmeyer, who…