Author: Olukunle OdeboThe Chief Judge of the Federal high court, Justice Dan Abutu is expected to commence hearing, this morning, in a fresh suit by an Abuja based lawyer, Mr Christopher Onwuekwe, pushing for an order compelling Vice President, Goodluck Jonathan to begin the performance of presidential function, following the ill-health of his boss, President Umaru Yar’’Adua. Yar’’Adua has been away from the country for more than 50 days...more
Author: Ahmad HassamPink Sheets is where most of the penny stocks get traded. However, this small market is just like the Wild West with no rules and no oversight. Do you want to take part in this exciting small market than you should first do your due deligence and research before you decide to take the plunge.Companies traded on Pink Sheets do not have to file financial statements and do not even have to issue an annual report even. Most of...more
Before setting in on a definite agreement, calculate the amount that you are allowed to borrow using variables such as annual incomes and monthly outgoings. These are essential computations in order not to be engulfed with debt down the road. Next, you should speak to a local financial advisor or attend seminars which feature talks on the best mortgage deals. Not only that, ensure that your credit score is at optimum level so that the application is easier to be approved. The most frequent covenant is a fixed rate mortgage deal which has a permanent interest rate. You can invest in for 10 to 20 years and save more on the interest. Initial rates usually range from 1.98% to 3.4%, depending on the providers policy. Basically determining the rate of interest for a specific duration enables a rest-assured conscience for the borrower. This option is also recommended for those with non-supplementary salary and cannot easily attain an added bonus.The other option is the adjustable rate mortgage deal, where the interest rate can change during the whole course of the payment. The initial rate is when there is a specified period of time that the borrower pays a fixed amount. This is called...more
2012 will usher in a new economic age. The United States dollar hegemony is coming to an end and as such, so is our dominance in the world. Some people may find this unbelievable to suggest, but when you consider the financial realities it's actually quite reasonable. The U.S. went off the gold standard and removed the gold link to the dollar...more
While many Western investors remain fixated on somehow acquiring a slice of Turkmenistans natural gas riches, despite a recent scandal over the countrys actual reserves, there is another country further east whose energy and mineralogical reserves have been overlooked Uzbekistan.While a number of factors are responsible for this oversight,...more
As we all live in the present, it is very hard to fully assess the future implications of decisions supported or made by political and business leaders. An extraordinary game of geo-strategy is under way to lock in long-term agreements, notably in the energy sector. At a global level, the transit routes of future oil & gas pipelines become the object of a power struggle involving not only the suppliers and end-users but also the transit countries. Intensive courtships are under way where a mnage trois, or more, may be the best option to prevent any country from being in a dominating position to rule a region and exercise political or economic pressure. Lets take a practical example and look at some of the dynamics behind the Nabucco pipeline and at the different interests involved. Nabucco and the competing projects Nabucco is a 3,300 km natural gas pipeline going East to West, with a capacity of 31 billion cubic meters (bcm) per year that would reduce Europes dependency on gas supplied by Russia. It will go from Turkey to Austria via Bulgaria, Romania, and Hungary. That project would be in direct competition with the Russian-endorsed South Stream pipeline, with a capacity of 63...more
Stock option refers to a deal between the buyer and the seller to possess a right to buy or sell shares or stocks at a certain price. It comes with an expiry date and the buying or selling must be done before that date. But thats not compulsory for...more
Is it time to invest in the remaining investment banks and assorted financial Institutions? OK they are not called investment banks anymore but we all know who I am talking about.There is a small sense of medium sized to large corporations finally...more
Many people are increasingly thinking about taking control of their finances; especially in the light of the positives and negatives drawn from the economic crisis.Being more tax efficient with your investments and savings is always a good idea....more
I like to trade stocks and shares but what do when unemployment in both the US and UK keep increasing? Interestingly the major stock markets are also increasing.Unfortunately, equity markets are completely detached from the real economy. So as...more
The recent weakness of the US Dollar has certainly helped bolster the commodities futures markets. With most commodities, like Gold and Crude Oil, priced in dollars, any dollar weakness can help boost the commodity prices. Gold has shot up to $1,100...more
The rose tinted view of financial data continues to drive the markets as more and more reasons are found to speculate on shares even as the driving impetus of the actual economy seems to be stuttering once again. As far as I can see, much of the data...more