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Tuesday, October 18, 2016

Alexander Amosu: "From a school dropout to focus on business, to being awarded a doctorate in entrepreneurship"

Nigerian couple welcome their second set of twins in two years (photos)


A Nigerian couple, Femi and Oyetomi Adisa welcomed their second set of twins a few days ago. They had the first set (boys) in 2014 and welcomed another set (a boy and girl) in October, 2016. Congrats to them! More photos after the cut...

Justice Ademola who was accused of collecting bribe from Dasuki withdraws from his trial


Justice Adeniyi Ademola of the Federal High Court Abuja who was handling the trial of former National Security Adviser, Sambo Dasuki, has withdrawn from the case. At the resumed hearing of the case this morning, Justice Ademola announced his withdrawal, stating that he cannot preside over a case which the DSS has accused him of collecting money from the defendant, Dasuki.

Justice Ademola was among the seven judges whose homes were raided a fortnight ago and were arrested over allegations of corruption.

Forex crisis: Emirates Airline to suspend flight operations to Abuja, threaten to leave Nigeria entirely


Emirates Airline has said it is cutting flight operations to the Nnamdi Azikiwe International Airport, Abuja effective October 22nd as part of its restructuring and loss saving effort.

Emirates has formally written the Minister of State, Aviation, Sen. Hadi Sirika over its intention to stop flight operations into Abuja following the airline's inability to buy forex and remit its sales..

Thursday, October 6, 2016

Alex Iwobi set for new £50,000 per week contract at Arsenal, his second pay rise this year

Arsenal football club of England is set to reward Nigerian football starlet Alex Iwobi for his wonderful performances this season with a new bumper pay rise, his second pay rise this year.

Wednesday, September 28, 2016

Nigeria's Nneka Ogwumike named the Women NBA’s Most Valuable Player 2016


Los Angeles Sparks forward Nneka Ogwumike also known as Nnemkadi Ogwumike has been awarded the Women's NBA Most Valuable player of the year award for her fine displays in the USA women's basketball league this season.

Former President Obasanjo backs sale of national assets



Former President Olusegun Obasanjo yesterday backed the call for the sale of some National assets to revive the current ailing economy. Obasanjo ‎endorsed the sale of the assets at the opening ceremony of the National Council On Finance and Economic Development Conference (NACOFED) in Abeokuta yesterday September 27th.

Tuesday, September 27, 2016

'I'll release tax records when Hillary releases 33,000 deleted emails' - All the major talking points of the U.S Presidential debate


So on Tuesday morning (Nigerian time), U.S presidential candidates Donald Trump and Hillary Clinton took to the stage to have the first presidential debate ahead of the November 2016 elections.
Donald Trump did well in the first 20 minutes while Hillary had the upper hand during the closing stages of the debate. A lot of political analysts believe Hillary defeated Trump overall during the debate with the way she tackled some important issues looking more prepared and assured during the debate. See the major talking points after the cut.

Saturday, September 17, 2016

Ronaldo, Bale miss Madrid trip to Espanyol

Bale and Ronaldo

Real Madrid will have to cope without Cristiano Ronaldo and Gareth Bale in the quest for a club-record 16th straight La Liga win after coach Zinedine Zidane said both will miss Sunday’s trip to Espanyol. Bale was forced off early by a hip knock as Real came from behind in dramatic fashion to beat Sporting Lisbon 2-1 on Wednesday in the Champions League. Ronaldo started Real’s fightback against his old club, but misses out this weekend due to illness. 
“Cristiano won’t travel. He has a problem with his throat and is not ready to play,” Zidane said on Saturday. “We are not going to risk anything and much less so with Ronaldo.”

VIDEO:WHEN MARK ZUCKERBERG(FACEBOOK FOUNDER) VISITED NIGERIA TO MEET APPLICATION DEVELOPERS

Mark Zuckerberg shares photo of 11 year old Nigerian boy who built a game


Facebook founder Mark Zuckerberg shared a photo of an 11 year old Nigerian boy named Tayo who built a game called Spike Rush. Read what Zukerberg wrote after the cut...

Friday, September 16, 2016

Nigeria imports rice worth $6m daily – Ogbeh


The Federal Government has said the country spends $6m on the importation of rice daily, the News Agency of Nigeria reported.
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said this while addressing farmers at Ndeagu-Echara and Omege-Echara in Ikwo Local Government Area of Ebonyi on Friday.
“The country is currently importing $6m worth of rice daily and the funds to sustain such importation are no longer obtainable,” Ogbeh, who spoke through his Senior Adviser on International Donor Partners, said.
To reverse the trend, Ogbeh said that government was giving priority to rice production

FG’s $1bn Euro-bond ready by December, says DMO

The Director-General, Debt Management Office, Dr Abraham Nwankwo, has assured that the one billion dollars Euro-bond proposed to be issued by the Federal Government will be ready by mid-December.

He said this on Friday in Abuja at a news conference organised by the Minister of Finance, Mrs Kemi Adeosun.
He said the DMO made requests for proposals for both local and international managers who were interested to compete on Monday, adding that the closing date was Sept. 19.
He said, “Immediately after that, we would fast track the process of vetting, screening and selecting.

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Thursday, August 18, 2016

Cristiano Ronaldo shares a video of himself driving his £1.7million Bugatti Veyron around his Madrid mansion


The 2016 World's highest paid athlete according to Forbes, uploaded an Instagram video of himself driving his new machine, a £1.7million Bugatti Veyron around his mansion in Madrid, Spain. He bought the car as a gift to himself following Portugal's Euro 2016 win. He captioned the post 'Coming back home". See more photos after the cut...

Love is blind: 18yr old man and 71yr old granny to celebrate one year wedding anniversary (photo)


18 year old Gary and 71 year old Almeda Hardwick of Tennessee are ready to celebrate their one year wedding anniversary and say they have so much chemistry despite the massive 53 years age difference between the pair.

According to USA Today, the relationship began in June 2015 when they met at the funeral of Almeda's son Robert.
"It was like an instant connection. (There was) so much chemistry there," Gary told USA Today. We both loved music. I had prayed about my soul mate for like two years, so, you know.
 ''I was lonely," said Almeda. I had no one, so God sent him to me."
''When I looked into her eyes I knew it," Gary continued. "Her eyes were a dead giveaway." 
"His were too ... I knew," she said.

Photos: 31 year old Chinese man can't stop drinking detergent liquid


31 year old Chinese man, Zhang Yue has been stuck with a bizarre addiction, he can’t stop drinking liquid detergent. Originally from southwest China’s Chongqing city, Zhang said his addiction started in 2012. He said what initially began with a few sips later turned into an uncontrollable appetite for anything from dishwashing liquids to shampoos.

Zhang’s obsession with consuming detergents has gained him an unusual fame but that has come with a cost. His habit, he said, has turned away women, making his love life unstable.

Monday, August 15, 2016

Usain Bolt's mother wants him to find a wife but sadly, she will have to wait five more years


Jamaica's Usain Bolt became the first athlete to win three Olympic 100m titles by beating American Justin Gatlin to gold at Rio 2016 Games. The 29-year-old ran 9.81 seconds in his final Olympics to replicate his success at Beijing 2008 and London 2012.

His mom, Jennifer Bolt, thinks that’s cool and all, but what she’s really interested in is having grandchildren. Really Soon. Lol



"I would hope he’ll settle down, get married and start his family," Jennifer Bolt told CNN’s Don Riddell in a segment that aired Saturday about what she hopes Bolt will do after the Olympics end.

Monday, August 1, 2016

Nigerian ringleader of global network behind thousands of online scams arrested in Rivers State- Interpol

A Nigerian suspected of being in charge of a network of internet scammers, stealing around $60m (£45m), has been arrested in Port Harcourt, Rivers State.


According to the international police organisation, the 40-year-old Nigerian known as 'Mike', the head of an international criminal network behind thousands of online frauds was arrested in a joint operation by INTERPOL and the Nigerian Economic and Financial Crime Commission (EFCC).

The Nigerian national is believed to be behind scams totalling more than USD 60 million involving hundreds of victims worldwide. In one case a target was conned into paying out USD 15.4 million.

Sacked House of Reps committee chairman on Appropriation, Jibrin, to meet ICPC, EFCC, Police and DSS officials today



Sacked chairman of the House of Representatives Committee on Appropriation, Abdulmumin Jibrin, will today meet with security and anti-corruption agencies to personally provide insight on his petition against Speaker Yakubu Dogara and three other principal officers of the House.

According to a statement he shared on his Facebook wall this morning, himself and his lawyers will be at ICPC by 10am, DSS 12noon, EFCC 2pm and Police HQ 4pm. In the post, he wrote;

[PHOTO] FCMB Manager Shoots Himself In The Head In Lekki

Olisa-Nwakoby
Olisa Nwakoby, a bank Manager at a second generation bank, First City Monument Bank (FCMB) Plc, on Friday evening shot himself dead in the presence of his Priest at the Lekki area of Lagos Island, Lagos State.
The father of a 10-year- old daughter was said to have taken his own life because of an incriminating huge loan transaction he approved in his bank.

Floyd Mayweather pays over $50k to service his $1.5m Bugatti Veyron

Retired super rich boxer Floyd Mayweather recently paid $50,000 to service his $1.5m Bugatti Veyron. TMZ reports that the repair was done by Nigerian Obi Okeke, who revealed how much it cost to service the luxury sports car.

"The breakdown: Four (4) 2015 Bugatti tires cost $33k, Basic service (oil & fluid changes) cost $23k and then to top it off, a $3k detailing service."

Photos: Nigerian gay man David Ukre weds his partner Eric in America



A Nigerian Gay man David Ukre, who hails from Warri, Delta state, got married to his white partner Eric T. Shoen in New York, on Saturday July 30th.

Thursday, July 28, 2016

MTN to list on Nigerian Stock Exchange


Telecommunications giant, MTN Nigeria, has said it will list its shares on the Nigerian Stock Exchange in 2017.
The company said in a statement on Thursday that the listing was part of a settlement arrangement with the Federal Government.
“The Board of Directors has resolved to proceed with preparations for a listing of MTN Nigeria on the NSE as soon as commercially and legally possible, and has established a management task team with the responsibility to guide the company towards a listing,” it said in the statement.
The statement was signed by MTN Nigeria’s Public Relations and Protocol Manager, Mr. Funso Aina.
‎The telecoms firm said it had appointed Stanbic IBTC Capital Limited (together with its affiliates, The Standard Bank of South Africa Limited and Standard Advisory London Limited) (collectively “Stanbic”) and Citigroup Global Markets Limited (‘Citi’) as Joint Transaction Advisors and Joint Global Coordinators, with Stanbic acting as Lead Issuing House.
It added, “A full syndicate including Nigerian receiving agents, Nigerian receiving banks and other advisers would be appointed in due course, as appropriate.
“The proposed listing would be subject to suitable market circumstances and conditions and the appropriate approvals from relevant regulators and other stakeholders.”

Alleged budget padding: Abdulmumin Jibrin alleges Dogara diverted Fed. govt water project to his farm in Nasarrawa


Sacked chairman of the House of Representatives committee on Appropriation, Abdulmumin Jibrin, has released a new statement indicting speaker of the House of Representatives, Yakubu Dogara. According to Jibrin, Dogara fraudulently diverted  a Federal government water project to his farm in Nasarawa state. Read his statement below 
Good morning fellow Nigerians, Everyday I will give additional allegation against Mr Speaker and the 3 others until the law catches up with them. Allegation no21 to MrSpeaker: why did you fraudulently divert a Fed Govt water project to your farm in Nasarawa and how are you funding the farm?

 When a new Speaker emerges and the other principal officers replaced, I will write to the presiding officers of both chambers to commence a radical internal reform in the entire NASS beyond budget to cover performance assessment, running cost and allowances, investigations etc 

If the reform so done on NASS is not made public latest by December, I shall take it up and lay before the general public even if I am alone
 
 
God Almighty knows I am not perfect but as I approach 40 years in September, I have always wondered what is it that I can live and die for...
 
On one hand, I settled for aggressive rural agriculture with emphasis on migrating our farmers from subsistence to commercial farming but I woke up mid night yesterday to pray and SUDDENLY realized I have become AN ACCIDENTAL ACTIVIST. This is noble and there is NO GOING BACK!
 
I am a product of the establishment but something in me has never been comfortable. Iam so glad that by September 9th my 40th birthday everybody would have known where I stand for the rest of my life; rural agriculture and fight against corruption especially in the NASS
 
For those who keep saying why now should realize that for every situation like this to occur, there must be a trigger how ever it looks!

Dangote drops out of World's Top 100 Rich list as Naira crashes


Africa's richest man, Aliko Dangote, has dropped out of the list of top 100 richest people in the world. This is largely due to the devaluation of the Naira. Dangote who owns the second largest sugar-refinery in the world, remains richer than American billionaires, Donald Trump, and Oprah Winfrey who ranks as the second richest black woman in the world.

Dangote is now worth $11.1 billion, while Trump and Oprah are estimated at $4.5 billion and $3.1 billion, respectively.

The devaluation of the Naira against the dollar from about 198 to about 300, has eroded about a quarter of Dangote’s wealth as he continues to invest heavily in Nigeria. At the launch of the new foreign exchange regime on June 23rd, Dangote fell from number 46 on the world billionaire list to 71 and has continued to drop as the Naira continues to crash.

According to Bloomberg billionaires, Dangote, who was worth $15.4 billion (N3.05 trillion) in March, is now worth $11.1 billion (N3.3 trillion) - richer in naira but poorer in dollars.

Photos: Emir of Kano acquires Rolls Royce Phantom


Emir of Kano, Muhammadu Sanusi II has just added a Rolls Royce Phantom to his fleet of exotic cars. He drove the car around Kano state yesterday July 27th. More photos after the cut...

More photos: Strong wind & heavy rain sweeps vehicles into a river in Suleja


Heavy rain and strong winds reportedly destroyed and swept some vehicles into a small river, after Kantoma Brigde, in Suleja, Niger state. According to an eyewitness, most of the cars were in a motor park and belonged to a car dealer. See more photos of the damaged vehicles as you continue.

Wednesday, July 27, 2016

Photos: Meet Chierika Okogu, the first athlete to represent Nigeria in Rowing at the Olympics Games

\
US-based Chierika Ukogu will be making history at the 2016 Olympics Games, being the first rower to represent Nigeria. Born on October 1992, Okogu, who is a graduate of Stanford University, said in a recent interview that the sport had been challenging but she will put in her best, adding that her training with members of the U.S. team at the Vesper Boathouse at Schuylkill, Philadelphia had helped develop her skills.
"It is my ultimate goal to be the 1st Nigerian to row at the Olympic Games. Heading into Rio, it's a really wonderful opporunity for Nigeria. This is the first time we've had an athlete at the Olympics in the sport of Rowing," said Ukogu
 



Friday, June 24, 2016

EU referendum results: Britain votes to leave the EU

Brexit is official! With 16,737,273 votes for Leave, Britain has voted to leave the EU, breaking the winning post in the referendum. Leave won 52% to 48%, with England and Wales voting for Leave while Scotland and Northern Ireland voted for 'Stay'.


This exit has plunged the pound against the dollar to its lowest level since 1985 as Britain lurched towards Brexit. Sterling has crashed nearly 10% to $1.34, and by more than 6% against the euro. Gold is up nearly by 6% this morning.
US markets were expected to open down 550 points on Friday morning. Trading in Tokyo was halted after stocks plunged nearly 7 per cent, while South Korea's Kospi tumbled about 4 per cent.
Crude oil prices also took a hit. As results poured in, a picture emerged of a sharply divided nation: Strong pro-EU votes in the economic and cultural powerhouse of London and semi-autonomous Scotland were countered by sweeping anti-Establishment sentiment for an exit across the rest of England, from southern seaside towns to rust-belt former industrial powerhouses in the north.

Nigel Farage, leader of the UK Independence Party, has declared June 23 Britain's 'Independence Day'. 
One expert forecast the UK, will plunge back into recession.

Kathleen Brooks, of City Index, predicted shares in big banks would tumble at least 10% when markets open. She said:
“This is bad news for the country, the economy and the UK’s position in the world order. “In other words, for now at least we should batten down the hatches.”

 Meanwhile, in Europe, far-right leader Geert Wilders has reportedly called for a Dutch EU Referendum “as soon as possible.”
The Party said: “The United Kingdom is leading the way to the future and liberation. The time is now for a new start, trusting in its own strength and sovereignty. Also in the Netherlands” 

Prime Minister David Cameron, who called the referendum and led the 'remain' campaign, faces an uncertain future with this result.

Former London Mayor Boris Johnson. If 'leave' wins, he may have no choice but to resign.

'If the prime minister loses this I don't see how he can survive as prime minister,' said Scottish National Party lawmaker Alex Salmond.


Jose Mourinho tables £35m offer for Arsenal's Aaron Ramsey

Man U manager Jose Mourinho is set to increase the bad blood between him and Arsenal coach Arsene Wenger as he has tabled a £35m bid for Arsenal and Wales midfielder Aaron Ramsey.

According to the Sun UK, Mkhitaryan of Dortmund is Mourinho's first choice, but after watching Ramsey at the Euros, has ordered Man U executive Ed Woodward to trash out a deal for Arsene Wenger's prized asset. 
Mourinho wants him to be Manchester United’s answer to Frank Lampard, and believes he could achieve for Man U what Lampard achieved for Chelsea.

Raiding Premier league rivals Arsenal for Ramsey  would be one of Mourinho’s boldest ever transfer moves as he knows he would face fierce resistance from Gunners boss  Wenger.

Breaking! David Cameron steps down as UK's Prime Minister following UK vote to leave the EU


UK Prime Minister David Cameron resigned today after his devastating defeat in the EU referendum. He had fought strongly for Britain to remain in the EU but lost. He said he will stay in post till about October this year when a new Prime Minister is chosen. He said the country requires fresh leadership.

Cameron's voice broke as he spoke outside Downing Street this morning with his wife Samantha in tears next to him. “We should aim to have a new prime minister in place by the start of the Conservative Party conference in October," he told the media after the country voted to leave the European Union.

The Brexit campaign officially passed the winning post in the EU referendum at around 6am today, triggering a political earthquake and panic in the markets. Nigel Farage earlier declared it to be 'independence day' and a 'victory for real people' as the Leave campaign racked up votes across England and Wales - defying the verdict of London, Scotland and most of the big cities.

The Pound - which soared in value earlier after Nigel Farage admitted he thought Brexit had lost - has nose-dived against US dollar to its lowest level for 31 years. And more than £100billion was wiped off the FTSE 100 within minutes as markets opened on Friday as Britain's decision caused turmoil across global exchanges. 

Monday, June 20, 2016

Investors inject N760bn into stock market in three days

The unveiling of the new foreign exchange guidelines for the country by the Central Bank of Nigeria has prompted stock investors to pump huge amount of funds into the market, STANLEY OPARA writes

The Nigerian Stock Exchange reacted positively to the news of the unveiling of the new foreign exchange guidelines by the CBN last Wednesday as the market capitalisation soared by over N760bn, with investors committing huge sums to acquire more shares.

The move by investors to acquire more stocks at this time is hinged on their desire to re-enter the market when share prices are at their lowest, as the market is expected to recover after months of persistent fall.

Prior to the three-day straight gains last week, the NSE market capitalisation had stood at N9.284tn on Tuesday. But as of the last day of trading last week on Friday, the value of the market had soared to N10.044tn.
Other variables like the All-Share Index, market turnover, share volume and deals also recorded significant appreciation.

Between Tuesday and Friday, the NSE ASI rose from 27,034.05 basis points to 29,247.27 basis points; the market turnover increased from N2.424bn to N6.791bn; the share volume rose from 170.686 million to 628.752 million; while the number of deals appreciated from 3,153 to 5,965.

On Wednesday when the market got wind of the release of the new forex guidelines, the ASI rallied by 3.17 per cent, boosting the market capitalisation by N295bn, as the value of the market rose to N9.579tn from N9.284tn, while the NSE ASI hit 27,891.96 basis points from 27,034.05 basis points.

Aggregate of 588.427 million shares worth N3.477bn were traded in 5,088 deals at the close of trading on the Exchange.

The day after, the market gained more than N205bn after 32 firms made it to the gainers’ chart, which boosted the NSE ASI by 2.14 per cent.

The NSE market capitalisation soared to N9.784tn from N9.579tn, while the index rose to 28,489.89 basis points from 27,891.96 basis points. Total of 618.248 million shares valued at N5.41bn were traded in 6,757 deals.

On Friday, the market capitalisation moved up to N10.044tn, while the NSE ASI hit 29,247.27 basis points. The number of deals rose to 5,965, while the volume of shares traded also rose to 628,752 million worth over N6.7bn.

To this end, the President and Chairman of Council, Chartered Institute of Stockbrokers, Mr. Oluwaseyi Abe, said that the coast was already clear for investors to shore up their holdings as the market had begun to rebound.

Abe noted that there was nothing unusual about the current state of the market as it essentially mirrored the economy and it was moving in phases.

He added, “It is only normal for the market to swing upward and downward because that is what makes it a market. It is absolutely normal. In any case, the direction of the market at any given time is the reflection of the economy and it’s been known that the economy has not been doing well lately.

“So, I feel it is even the best time to invest in the capital market, because the economy is now on the steady path of rebound.”

To this end, analysts at Meristem Securities Limited said the operation of a flexible forex system in an import-dependent economy such as Nigeria would certainly expose the naira to significant depreciation pressures, especially in the days and months to ahead.

“Nonetheless, we consider the new development a bold step in the right direction as it greatly reduces the pressure on the nation’s FX reserves, while also presenting market participants with a liquid and transparent exchange rate system,” they added.

Forex trading under the new guidelines is scheduled to commence today (Monday).

Also commenting, the President, Constance Shareholders Association of Nigeria, Alhaji Shehu Mikail, said unhealthy economic policies of the current government prior to now had been the bane of the country’s capital market.

According to him, the capital market is driven by information and will continue to react sharply to policy swaps.

He said the unfavourable policies of government, especially in the area of foreign exchange management, had fuelled the negative market sentiment by foreign as well as local investors in recent times.

It will be recalled that the Nigerian stock market crashed by N1.732tn in one year of the Muhammadu Buhari-led Federal Government.

Data showed that the NSE market capitalisation on May 28, 2015, a day before Buhari took over from former President Goodluck Jonathan, was N11.658tn, while it was N9.926tn on May 27, 2016, while the All-Share Index also crashed to 28,902.25 basis points from 34,310.37 basis points.

Market capitalisation is the total market value of the shares outstanding of a publicly traded company.

Investors in the country’s capital market (equity category) lost over N1.053tn in the first quarter of 2016.

During the first three months of this year, the equities market depreciated by 10.79 per cent.

As of the first day of trading this year (January 4), the NSE market capitalisation stood at N9.757tn, while the All-Share Index was 28,370.32 basis points.

But as of March 31, the market capitalisation and All-Share Index had crashed to N8.704tn and 25,306.22 basis points, respectively.

Equity investors in the country’s capital market had in the first seven trading days of 2016 lost N804tn of their investments’ worth, as the market capitalisation closed at N8.953tn.

The All-Share Index also dropped from 28,370.32 basis points recoded on the first day of trading in the year to 26,034.94 on the seventh trading day.

The market capitalisation of the NSE fell by N811bn in the first 10 weeks of trading this year.

The NSE market capitalisation dropped from N9.75tn on January 4, 2016 to N8.939tn 10 weeks into the year, while the All-Share Index also closed at 25,988.40 basis points from the 28,643.67 basis points recorded on the first trading day of the year.

Investors also made huge losses in the Nigerian equities market last year as the market capitalisation (equities only) of the NSE shed a total of N2.354tn between December 2014 and December 2015.

Photos: Ooni of Ife and his wife attend golf tournament in the US




Zara Holland leaves Love Island reality show, days after being stripped off Miss Great Britain title for having sex on TV



Zara Holland, former Miss Great Britain winner, took to her Twitter handle to announce her sadness at leaving the dating program after hearing of her mother's illness, days after she lost her Miss GB crown for having sex with a housemate.

In a statement, published by Mirror UK, she said: "I'm so sad to leave the villa but it's important for me to get home and spend time with my mum while she gets better.


"I've had the time of my life on Love Island and would like to thank all of my fellow Islanders and the production team for all their support."

ITV added: "Our thoughts are with her and her family and we send all of our best wishes

After being told of the news of her crown being taken from her, off-camera, Zara returned to the villa in a fluster of emotion. She burst into tears before calling everyone to hear her cry.