The Minister of Finance, Dr Ngozi Okonjo-Iweala, on Friday bagged the African Finance Minister of the year award for her outstanding performance as a finance minister.The award was presented to her by the African Investor Magazine on the sideline of the ongoing annual meetings of the World Bank and the International Monetary Fund (IMF) in Washington DC.She thanked the organisers for the award and described it as an absolute honour and auspicious.She called on all investors in Africa to join the fight against the deadly Ebola virus disease that is ravaging some countries in West Africa.“What is happening in Liberia, Guinea and Sierra-Leone and the success we had in Nigeria and Senegal in containing this virus should not be allowed to set Africa back.“You as private sector and friends of Africa need to send the message that we should not be so afraid of Ebola that we stigmatise the whole continent. Continue..
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Friday, 10 October 2014
Alex Ekubo - Yemi Alade is my darling
For those who don’t know who Alex Ekubo is, the guy is a one-time first runner up in the Mr Nigeria contest 2010. He’s a fast rising actor and “friend of Uti Nwachukwu”.Recently, speculations were going viral that the Nollywood dude and Nigerian music act Yemi Alade, are in a relationship.Following this rumour, the Nollywood act has come out to deny the story spreading like wildfire, saying, Yemi is just a darling and sweetheart to him. “Yemi is vibrant, she’s a breath of fresh air, and she’s young, creative and talented. Have you seen Yemi dance? I’ve been in two of her videos and she is my darling, a sweetheart and there are two things I don’t talk about; they are my finance and my relationship”. He said.
White House Hotel boss - Nigeria should reward Adadevoh
The President of the White House Hotel, Ikeja, Mr. Austin Eruotor, has called on the government and other relevant bodies to reward the late Dr. Stella Adadevoh posthumously.
Adadevoh was the doctor that restrained the Liberian that brought Ebola to Nigeria, the late Patrick Sawyer, when she treated her in Lagos.
She contracted the disease – after she had battled hard to restrain Sawyer from leaving First Consultant Hospital, Obalende. According to Eruotor, God used Adadevoh to minimise the Ebola scare in Nigeria. Continue..
Police uncover fake healing homes in Ogun
Residents of Erukun community in Itori, Ewekoro Local Government Area of Ogun State, were jolted over the weekend after detectives stormed the area and arrested suspected members of a syndicate that hide under the cover of spiritualists to swindle unsuspecting members of the public.
At the end of the operation which lasted for hours, 11 members of the syndicate including four women whose ages range between 35 and 52 years, were reportedly arrested in three buildings located inside the forest. Boldly written in front of one of the buildings is the inscription; Heritage Naturalist Car Limited a.k.a Isese Ajogunba. It is commonly believed to be a spiritual healing home where people with varying ailments visited from far and near, for treatment. Continue..
Keshi - I’m not desperate for Eagles job
Embattled out-of-contract Super Eagles Coach Stephen Keshi has told SL10.ng that he isn’t desperate to remain as the Super Eagles coach, as speculations over his immediate future continues.Keshi’s future has come under intense scrutiny after Nigeria’s slow start to the qualifying campaign for the Morocco 2015 Africa Cup of Nations. His future was also under scrutiny before the qualifiers began, with the immediate past board of the Nigeria Football Federation led by Aminu Maigari seemingly unwilling to offer him fresh terms. Continue..
Malala Yousafzai wins Nobel Peace Prize
Pakistan’s Prime Minister Nawaz Sharif has congratulated teenage education campaigner Malala Yousafzai on winning the Nobel Peace Prize, calling her the “pride” of his country.“She is (the) pride of Pakistan. She has made her countrymen proud. Her achievement is unparallelled and unequalled. Girls and boys of the world should take the lead from her struggle and commitment,” he said in a statement The Nobel Peace Prize went Friday to 17-year-old Pakistani Malala Yousafzai and India’s Kailash Satyarthi for their work promoting children’s rights. Continue..
Adeh - Why I don’t expect crazy things from female fans.
Graduate of Lagos State University, Gbolahan Adeola, a.k.a, Adeh has arrived on the scene not to follow the bandwagon, but to carve a niche for himself as a different specimen with a lot to prove. His first album which is just beginning to get off the ground is a potpourri of different genres. Yes, such is the talent of Adeh, he could spin different things together and evolve a song that is unique. Listen to his story.
D'banj becomes Apple/Beats By Dre African ambassador
Apple/Beats By Dre just made the announcement! D'banj has signed a contract with Apple to be the African ambassador for the brand. More picx...
US website removes Jonathan from Africa’s richest list
The US-based website, Richest Lifestyle, which listed President Goodluck Jonathan as Africa’s sixth richest president has retracted the publication.
Richest Lifestyle had ranked Jonathan alongside King Mswati III of Swaziland, stating that both African leaders were worth $100m (N16.5 bn) in the publication titled “Africa’s Richest Presidents 2014. ”Following the publication, the President had threatened to institute a legal action against the publishers of the online magazine, stating that the ranking lacked “factual basis.”
“The Presidency condemns the totally unwarranted inclusion of President Jonathan in the publication titled “Africa’s Richest Presidents 2014” as another attempt to unjustifiably portray the President as a corrupt leader and incite public disaffection against him. Continue...
Thursday, 9 October 2014
Union Bank Boss calls for proactive strategies against e-fraud
Group Managing Director of Union Bank Plc, Mr. Emeka Emuwa, has called for proactive strategies to tackle the rising problem of electronic fraud (e-fraud).He made this call while addressing members of the Committee of Chief Internal Auditors of Banks in Nigeria (CCIABN) at their 28th Quarterly Meeting hosted by Union Bank in Lagos.Emuwa challenged Internal Auditors in the banking industry to brace up to tackle emerging trends in electronic fraud, which have become a real threat to the survival of the sector.Acknowledging that e-fraud was not just a Nigerian problem but a global challenge, Emuwa said, tackling this problem requires an “all hands on deck” approach to proffering proactive strategies, realigning processes and developing realistic action plans to curtail the menace.Emuwa, who was represented by Emeka Okonkwo, Executive Director, Corporate and International Banking at Union Bank, said: Continue..
Ebola: US begins screening of W’African visitors
Travellers from Ebola-affected countries will face increased security scrutiny at five major US airports. Passengers from Liberia, Sierra Leone and Guinea will have their temperatures taken and have to answer questions. The new measures at O’Hare in Chicago, JFK and Newark in the New York area, Washington’s Dulles, and Atlanta’s airport will begin in the coming days.
The Ebola outbreak has already killed more than 3,000 people and infected more than 7,200, mostly in West Africa. The increase in passenger testing comes after the first person diagnosed with Ebola on US soil died in Dallas on Wednesday. Thomas Duncan travelled to the US from Liberia, and was only diagnosed with the disease once he arrived in Texas. A police officer who visited Duncan’s home is now reported to have Ebola-like symptoms and has been taken to hospital as a precaution.
Frisco Mayor Maher Maso described the risk as “minimal”, but officials were taking “an abundance of caution” Continue..
Kashmir: India warns Pakistan to stop 'unprovoked attacks'
Defence Minister Arun Jaitley said India would make it "unaffordable" for
Pakistan if the attacks continued. These are the strongest comments yet from India's government on the recent
escalation of tension. At least 19 people have been reportedly killed as troops continue to exchange
fire in some of the worst violence in the disputed region in a decade. Of those killed since violence began last Friday, 11 are on the Pakistani
side while eight are on the Indian side.
Both sides have accused each other of starting the hostilities. A ceasefire agreed in 2003 remains in place, but the nuclear-armed neighbours
often accuse each other of violating it.
Both sides continued to exchange fire on Wednesday night, and Indian
officials said eight people, including three soldiers, had sustained "minor
injuries". Continue..
Jonathan splashes over N300m on athletes, officials
President Goodluck Jonathan on Wednesday splashed over N300 million on athletes and their officials who made the country proud at different international competitions in 2014.Jonathan announced the cash rewards at a reception in honour of the 351 sports men and women at the Banquet Hall of the Presidential Villa, Abuja.Among the athletes were those who participated in the African Senior Athletics Championships in Marrakech, Morocco, and the Commonwealth Games in Glasgow, Scotland.Others were participants in the African Youth Games in Gaborone, Botswana; the World Junior Athletics Championships in Oregon, USA, and the 2014 FIFA Female U-20 Football World Cup in Montreal, Canada.The list included athletes in the Partille World Handball Youth Championships, in Sweden; the World Powerlifting championships in Dubai, United Arab Emirates, and the African Shooting Championship in Cairo, Egypt. Continue...
Australian woman safe after 17 days lost in bush
Shannon Leah Fraser stumbled out of the bush on Wednesday morning, reported
local media. The 30-year-old had gone to the Golden Hole swimming spot with two men,
including her partner, when she disappeared on 21 September. She is now recovering in a hospital and is being treated for infected cuts
and severe sunburn. Ms Fraser's companions first raised the alarm after she got separated from
them and failed to return to their vehicle, said
Queensland Police. The mother-of-three's disappearance sparked a search operation involving 25
officers from the police and state emergency services. Divers combed the pond while officers searched the area on foot and quad
bikes. Helicopter searches were conducted as well, with search teams dropping
coloured markers.
Family members said Ms Fraser followed these markers out of the bush. Continue..
China took over America as the World’s Largest Economy
According to the International Monetary Fund, IMF, China has overtaken the
United States as the world’s largest economy. The IMF estimates that the size of
the US economy is $17.4tr, while the Chinese economy comes in at $17.6tr,
Business Insider reports. China’s share of the global economy is 16.48 per cent,
while the United States accounts for 16.28 per cent, the IMF said Tuesday as
part of its outlook for the world economic growth.
These figures are adjusted for the relative costs of living in both countries, known as “purchasing power parity.”
These figures are adjusted for the relative costs of living in both countries, known as “purchasing power parity.”
In
2005, Chinese economy was less than half the size of US economy. Today, the
story has changed
Ozil out for 12 weeks
Mesut Ozil will miss Germany’s Euro 2016 qualifier against Poland on Saturday and faces up to 12 weeks out with a knee injury, the German Football Association (DFB) confirmed Wednesday.The 25-year-old Arsenal star complained of pain in his left knee and was flown to Munich on Wednesday morning to be treated by the DFB’s doctor, who diagnosed a partial tear of the left cruciate knee ligament.Ozil will miss the Group D qualifiers in Warsaw and against the Republic of Ireland in Gelsenkirchen next Tuesday.He also misses a qualifier against minnows Gibraltar in Nuremberg on November 14, plus a friendly against European champions Spain on November 18. Continue..
Nigerian passengers cancel US, Europe trips over Ebola
The spread of the Ebola Virus Disease to the United States and some European countries has forced many Nigerian travellers to cancel their flights to some of the affected countries. This is even as health and immigration officials at the Murtala Mohammed International Airport, Lagos have been ordered to properly screen passengers coming into the country from the affected countries. The European countries of Spain and Norway have recorded cases of Ebola, with medical workers outside a hospital in Spain protesting over suspected cases of the disease. Investigation by our correspondent revealed that some passengers billed to travel from Nigeria had been cancelling their flights over renewed fears of the deadly disease. Mrs. Tope Philips, who was booked to travel on Delta Air flight to the US on Monday, cancelled the booking and opted to go to a Far East country for her vacation.
“Ebola is very deadly and it is better to stay away and prevent it as much as possible. I will go to the Far East, maybe Jordan or Qatar, for my annual vacation and visit the US maybe next year. It is too dicey to take a risk now,” she said. Continue...
President Jonathan - I'm not the 6th Richest President in Africa
President Goodluck Jonathan has dismissed the report that ranked him as the 6th
richest African president just barely six years after assuming office. That
rating could make Nigerians start thinking that Jonathan is busy making money
and amassing wealth for himself, rather than work for the masses.
Keshi - I’ll never invite Ike Uche as long as I’m in charge
Super Eagles Head Coach Stephen Keshi yesterday warned that he will not be interested in talking about out-of-favour striker, Ikechukwu Uche who is yet to play for the national team since after the 2013 African Cup of Nations (AFCON) win. A visibly angry Keshi said that he will never beg any player to play for the country because during his time he was never begged by any coach to play for the national team.The former national team captain who was explaining why he chose to invite young and inexperienced players while ignoring established players like Uche and Obafemi Martins, Keshi said hence forth he would not entertain any question about Uche again. Continue..
Nigeria donates $3.5m to Liberia, others
The Minister of Health, Prof. Onyebuchi Chukwu, on Wednesday said Nigeria had already donated $3.5m as part of its intervention in the affected countries.
Chukwu said the sum was made up of $500,000 to each of the countries and the balance to the common ECOWAS Fund for the disease.
He also said 591 health practitioners had volunteered to join the international force that would go to Liberia, Sierra Leone and Guinea to help in the containment of the Ebola Virus Disease.
He said the volunteers registered with his ministry at three points in Lagos, Abuja and Port-Harcourt.
Chukwu said this while speaking with State House correspondents at the end of the weekly Federal Executive Council meeting presided over by President Goodluck Jonathan.
He said that he had already told a recent meeting of the United Nations General Assembly on EVD of Nigeria’s readiness to help the three countries. Continue...
Wednesday, 8 October 2014
Nigerian threatens South Africa over ‘frozen’ weapons deal
Nigeria on Wednesday accused South Africa of blocking a legal arms purchase and threatened retaliation against major South African companies, including telecom giant MTN, if the spat is not resolved.A top official in the office of Nigeria’s National Security Advisor (NSA) told AFP that the country had an agreement to buy $5.7 million (4.5 million euros) worth of military hardware in a deal brokered by a South African firm.The official, who asked that his name be withheld, said Pretoria had frozen cash that had been wired to the South African firm’s account.South Africa’s National Prosecuting Authority made no immediate comment, but the asset freeze has been widely reported in both Nigerian and South African media. Continue..
US Ebola patient, Thomas Duncan, dies
The first person to be diagnosed with Ebola within the US has died, Texas hospital officials have said. Thomas Duncan, who caught the virus in his native Liberia, was being kept in isolation in a Dallas hospital and receiving experimental drugs.
Earlier the US announced new security procedures at entry points to check travellers for symptoms of the virus. More than 3,000 people have died in West Africa in the worst Ebola outbreak yet.
While Duncan was the first person to be diagnosed within the US, three American aid workers and a photojournalist contracted the virus in Liberia. Continue...
Breaking News: Google removes lindaikeji blog
Google has taken down popular blogsite, lindaikeji.blogspot due to complains on copyright violation.
Popular blogsite, lindaikeji.blogspot.com is down. The reason is unknown as at this time.
It will be recalled that the pouplar blogger complained about threat of cybersquatters. She took to twitter to inform her teeming readers that the mobile version is working while assuring them that she will be back soon.
Popular blogsite, lindaikeji.blogspot.com is down. The reason is unknown as at this time.
It will be recalled that the pouplar blogger complained about threat of cybersquatters. She took to twitter to inform her teeming readers that the mobile version is working while assuring them that she will be back soon.
Eleven states resume today after forced Ebola holidays
Schools in at least 11 states of the country are set to resume a new academic session today (Wednesday) after a forced holiday occasioned by the Ebola Virus Disease outbreak.
The states which had earlier shunned the September 22 resumption date announced by the Federal Government, picked October 8, as a more realistic resumption date to enable them to put in place the logistics required to prevent the spread of the Ebola Virus Disease and also observe the Eid-el-Kabir holiday. Some of the states commencing academic activities today include Rivers, Benue, Lagos, Ekiti and Oyo. Others are Kano, Kogi, Akwa -Ibom, Ebonyi, Ogun and Kwara states. Continue..
Top 10 Richest Footballers in the World 2014
The above-mentioned football greats entertain football lovers all over the world through their skill. They deserve all the money they are making. Also known as soccer, football is an immensely popular sport all over the world and the most lucrative. A soccer player requires strength and skills. Successful football players enjoy huge fan following all over the world. They also make plenty of money. Based on Wealth-X and Goal 2014 lists of the Top 10 Richest Footballers in the World. Continue..
Synagogue: Joshua accuses commentators of ‘killing Nigeria’
Against the backdrop of reactions that have continued to trail the recent collapse of the six-storey guest house attached to the Synagogue Church of All Nations, SCOAN, Ikotun Egbe, Lagos, the founder, Prophet T.B. Joshua, has again fired at several commentators, describing their alleged negative commentaries as an act of destroying Nigeria’s image before the international community In another two minutes and 44 seconds video clip sermon titled “A cloud that covers Nigeria has closed my mouth,” posted weekend, on the church’s Facebook page, T.B. Joshua Ministries, Joshua who was said to have just returned from Colombia decried that since the September 12 tragic incident which claimed over 116 lives, Nigerians have continued to soil the country’s image through bad press.His words: Continue..
Teslim Balogun ready to host NTTF league
The Teslim Balogun Stadium in Lagos, venue of the Nigeria Table Tennis Federation national league, is wearing a new look ahead of the competition which starts on Thursday.
The ITTF-approved floor has been installed, while the new plastic balls approved by the world body will also be deployed for the championship.
Referee of the tournament, John Peters, said the stage was set for the commencement of the competition, noting that it would provide a platform for the local players to showcase their talents.
Meanwhile, coach of Sunshine of Akure, Dotun Omoniyi, believes the absence of star player Ojo Onaolapo would affect the team’s target in Lagos. Continue...
Bishop Oyedepo is the richest pastor in the world...see the top 10 richest
Nawa o! The General Overseer of Winners Chapel, Bishop Oyedepo is the richest pastor in the world according to a list that was released yesterday by Richestlifestyle.com. Out of the 10 richest pastors in the world as of 2014, 5 of them are Nigerians. Continue..
UPDATE: Five Afghan men executed for rape
Five Afghan men have been executed for gang-raping four women, in a case that has sparked national outrage.Officials say the men were executed in Pul-e-Charkhi prison east of Kabul. A sixth man convicted of unrelated crimes was also hanged.The authorities ignored last-minute appeals for clemency from rights groups who said the convictions were unsafe.Violence against women in Afghanistan is rife but correspondents say cases rarely attract this much attention. Continue..
I'm well now, back soon — IBB
Former Military President, General Ibrahim Babangida (rtd) has said that he has recovered and would soon be back in the country.General Babangida, who spoke on telephone with journalists at Governor Muazu Babangida Aliyu’s Tunga residence in Minna yesterday when General Abdulsalami Abubakar paid the governor a Sallah homage said,”I am now well and will be back to Nigeria very soon.”He was not however specific on the date of his arrival.IBB, while speaking through General Abdulsalami’s phone said “I miss all of you, I wish you all Barka de Sallah. I am better now and I will be back in few days’ time.The two former military leaders normally pay Sallah homage on the state governor annually but this year, General Babangida is currently receiving treatment in a foreign country.Last week, the state governor sent a delegation from the state to visit the former military president.
UN appoints special representative in Côte d’Ivoire
The UN Secretary-General Ban Ki-moon on Tuesday announced the appointment of Mr Simon Munzu as his Deputy Special Representative of UN Operation in Côte d’Ivoire (UNOCI).
The appointment of Munzu, a Cameroonian, is contained in a statement issued by the Secretary-General’s Spokesperson, Stephane DuJarric, in New York.
The statement said Munzu will succeed Arnauld Akodjènou of Benin, who now serves as Deputy Special Representative of the Secretary-General in the UN Multidimensional Integrated Stabilisation Mission in Mali. Continue....
Stop calling me old school – 2shotz
Williams Orioha aka 2shotz ,some years back, was a name that meant so much to so many on the music scene. Just when it seemed the rapper had the world of music by the jugular, he faded into thin air. Many still wonder what happened to the rapper: Has he ever left? What happened to his music and his career? These and many more questions are answered by the rapper who only recently released a video of his latest hit ‘In My Room’ featuring Ruffcoin:For some time now, we have not heard from 2shotz, where have you been?I have not actually been far from the scene, I am still in the scene doing the same thing that I do. But the fact is that, people are carried away with the music of now. Everyone is busy listening to Davido, Wizkid and the likes. I have no problem with that.Things like evolution should occur. Sometimes, when people say, you have been away for some time, I always tell them, I have not. Continue...
At least 14 dead as protests rage in Turkey over Kobane
At least 14 people were killed as protests by pro-Kurdish demonstrators raged across Turkey over the government’s lack of action to save the Syrian town of Kobane, officials said Wednesday.
The violence was concentrated in the mainly Kurdish southeast but also flared in Istanbul, Ankara and other cities, where demonstrators clashed with police in the most serious pro-Kurdish rioting in years. The Turkish army has been deployed on the streets of the cities of Diyarbakir, Mardin and Van — which have large Kurdish populations — to impose a curfew, an unprecedented move in recent years. Continue...
Ronke Oshodi-Oke Says - 'I regret not having a University degree'
Actress Ronke Ojo-Gbolahan aka Ronke Oshodi-Oke says she regrets not completing her education to the University level and now wants to return to school.
"My big regret is not going back to school as I had wanted to. I have been planning to return back to school for quite a long time but when you are making money, seeing yourself being celebrated here and there, you will feel on top of the world. But you are nothing without completing your education. So that's the bold step I want to take now. So it's going to be fun. I don't want to agree it's going to be difficult. I really want to go back to school and I mean it this time around" she told Encomium magazine...
"My big regret is not going back to school as I had wanted to. I have been planning to return back to school for quite a long time but when you are making money, seeing yourself being celebrated here and there, you will feel on top of the world. But you are nothing without completing your education. So that's the bold step I want to take now. So it's going to be fun. I don't want to agree it's going to be difficult. I really want to go back to school and I mean it this time around" she told Encomium magazine...
Twitter sues US government over spying
Twitter has sued the US government over surveillance laws. Under current regulations, Twitter cannot reveal certain information about government requests for users’ data relating to national security. Twitter argues that this violates the right to free speech, as defined by the First Amendment to the US Constitution. The firm said it brought the case in an effort to force the government to be more transparent about personal data requests. “It’s our belief that we are entitled under the First Amendment to respond to our users’ concerns and to the statements of US government officials by providing information about the scope of US government surveillance,” Twitter’s lawyer, Ben Lee, wrote in a blog post. Continue..
Enyeama - We’ll beat Sudan in front of their fans
Super Eagles safe hands Vincent Enyama has assured Nigerian soccer fans that the country will qualify for Morocco 2015 African Cup of Nations (AFCON) despite her slow start to the on going qualifiers.The Super Eagles lost their first game at home to Congo and managed a draw against South Africa in the second game played in Cape Town but the former Enyimba International goal tender said the team will win the two legged encounter against Sudan this month.
After the team’s second training at the main bowl of the refurbished Abuja National Stadium, Enyeama said the odds favour the Super Eagles even as he quickly said the Sudanese will not be underrated in any way. Continue...
Victim of Nyanya bomb blast dies after second surgery
Ijeoma, wife of Chiamaka Dominic, one of the two victims of the May 1, 2014 bomb blast in Nyanya, Federal Capital Territory, Abuja on Tuesday said her husband died after doctors complained that his blood level was too low.
Dominic died on Sunday night at the University of Abuja Teaching Hospital, Gwagwalada, where he had been receiving treatment. His death came barely two weeks after a surgery was carried out on one of his legs. Continue..
Edo LG APC leaders dole out N5m to market women
The leadership of All Progressives Congress, APC, in Uhumnwonde Local Government Area of Edo State, yesterday, gave out of N5 million to over one hundred market women to boost their small scale businesses in the council.Some of the women received N50,000 each while others got N30,000.The cheques were presented to the women by the APC leader in the area and the Special Adviser to Governor Adams Oshiomhole on Political Matters, Mr. Charles Idahosa and the Minority Whip of the House of Representatives, Mr. Samson Osagie.In his address to the women, Osagie said: “As politicians, the best we can do for our people is to empower the woman and our youths so as to fight unemployment and poverty in our communities. Continue...
Maheeda talks about why many youths in Nigeria fail
Singer Maheeda took to twitter to share her thoughts on why some youths fail. See more tweets after the cut...
Jonathan, 6th richest African president’
President Goodluck Jonathan of Nigeria as the 6th Richest African president. In an article titled, ‘Richest African Presidents 2014′ , the US compiled a list of the nine richest presidents and kings in Africa. According to the article, President Jonathan is worth $100million. Other African presidents and kings on the list include; Continue...
Tuesday, 7 October 2014
Nigeria has 48 million active Internet users -NITDA
Nigeria’s active internet users currently stands at over 48 million, Dr Peter Jack, the Director-General of the National Information Technology Development Agency (NITDA), has said.
A statement issued by NITDA’s Head of Public Affairs, Mrs Hadiza Umar in Abuja on Tuesday, stated that Jack made the assertion in a speech at the global media meet in Dubai.
The meeting was preparatory to the Global Information Technology Exhibition Week 2014.
Jack said, “In Nigeria, with over 48 million regular internet users, various activities are being carried out online. “We are currently measuring the impact of the plan and implementation level in preparation for review next year.
“ICT contributes over 8 per cent to the Nigeria’s Gross Domestic Product and is now growing at 7 per cent annually. Continue....
Marketers make N148.5bn illegal profit on kerosene
Between January and September this year, oil marketers in the country made not less than N148.5bn illegal profit on Dual Purpose Kerosene sold to Nigerians.
Officially, the DPK is meant to be sold at N50 per litre, but this has not been the case as consumers have continued to buy the product at N100 and above per litre.
Daily supply of kerosene to the market is put at 11 million litres by the Petroleum Products Marketing Company, which implies that over N550m illegitimate profit is made by oil marketers daily on the product at a retail price of N100 per litre.
By implication, over N16.5bn abnormal profit is made every month, meaning that between January and September this year, a total of N148.5bn would have been dubiously made by marketers across the country. Continue......
Three killed, seven missing in China gas explosion
Three people were killed, while seven remain out of contact, following a gas outburst in a southwest China colliery, local authorities said on Tuesday. The accident happened at around 7 p.m. Sunday at the Xintian Coal Mine in Qianxi County, Guizhou Province. A gas outburst occurred in a mine pit, where 134 people were working, according to initial investigations. Rescuers managed to pull 126 out of the groove, with 13 of them injured. Two of the injured died after emergency treatment failed.
As of 9:40 a.m. Tuesday, firefighters have found one body out of the missing eight. Rescue efforts for the remaining seven are still under way. The colliery, which is under the Yonggui Energy Development Co. Ltd, has an annual capacity of 600,000 tonnes.
Monday, 6 October 2014
W’Bank cuts China growth forecast for next three years
The World Bank has cut China’s growth forecast for the next three years as the country tackles structural reforms. rowth in the world’s second-largest economy will fall to 7.4 per cent from a previous estimate of 7.6 per cent, it said.
“In China, growth will gradually slow, as efforts to address financial vulnerabilities and structural constraints increase,” the lender said.
Growth in 2015 will go down to 7.2 per cent and then 7.1 per cent in 2016 from a previous forecast of 7.5 per cent for both years. Continue..
Arjen Robben To Build Museum
Many footballers manage to keep just a fraction of the keepsakes from their medal-laden careers. But Bayern Munich star Arjen Robben has come up with a novel idea to ensure nothing important gets forgotten.
The former Real Madrid, Chelsea and PSV Eindhoven star has announced he plans to build a museum to house all his memorabilia in his own home once he calls time on an illustrious career.
‘When my wife and I are settled in our house, I dream of collecting all my things and building a private museum. It will be for me, my family and my close friends,’ the Dutch international told Bild.
‘I have so many souvenirs – shirts of other players. I kept the ball from the 2013 Champions League final (Bayern beat Borussia Dortmund 2-1 and Robben scored a late winner).
‘There are boots that I have worn at European Championships and World Cups. The idea is to pull everything together so that nothing is lost.’
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