Key Events In The Coming “Payrolls” Week
The week was supposed to start off quiet on the macro news front, but the PBOC spoiled that with an unprecedented Monday, Feb 29 RRR cut, its fifth since the…
USDJPY Spike Sparks Panic-Buying In Stocks; S&P Green
It appears the market got a hint from our tweet at 8:33 am… need some HFT momentum ignition in USDJPY soon — zerohedge (@zerohedge) February 29, 2016 … promptly going…
What If There Are No More Googles, Facebooks, Or AirBnBs?
Submitted by Charles Hugh-Smith of OfTwoMinds blog, The current batch of tech companies claim to be disruptive, but they’re all derivatives of the rare unicorns that scaled globally right out…
Caught On Tape: 500 Syrians Storm Greek Border Fence With Homemade Battering Ram
Last week, EU migration commissioner Dimitris Avramopoulos delivered a rather unnerving assessment of the prospects for Angela Merkel’s multicultural utopia: if Turkey and Greece can’t come to some kind of…
Chicago PMI Collapses From ‘Mysterious’ January Bounce As Employment Crashes To 7 Year Lows
Following the biggest beat on record in January jumping to 55.6, Chicago PMI collapsed in February to a stunning 47.6 – below the lowest estimate from economists. The entire report…
Pending Home Sales Plunge Most In 2 Years; Soaring Prices Blamed
Following strength in existing home sales and weakness in new home sales, pending home sales greatly disappointed. Against expectations of a 0.5% jump, pending home sales tumbled 2.5% in January…
Business News Round Up (Feb 29): Disco Fined N10million, Used Vehicle Prices Increase
Punch Naira fall: Used vehicle prices soar, sales drop:These are not the best of times for importers of and dealers in second-hand vehicles due to unexpected low patronage occasioned by…
How Nigeria Moved From Subsidy Financing To Profit Making In Less Than 6 Months
Perhaps for the first time, Nigeria now makes some profit from a litre of Premium Motor Spirit (PMS) or fuel. It was N14.28 last Monday, which is a huge departure…
Here Is Why You Might Want To Buy That Second-Hand Vehicle Now
The difficulty to access forex has taken a toll on businesses across the country and the latest association to be hit by the Central Bank’s policies is the second-hand vehicles…
This Is Why MTN (Again) And Glo Are Fined By NCC
MTN Nigeria and Globacom Limited were sanctioned and fined N22 million and N12 million respectively by the Nigerian Communications Commission (NCC) for a breach of the mobile number portability (MNP)…