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Showing posts with the label world News

EFCC Accuses Man Of Swallowing $115,000 At The Airport

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One Onwuasonya Augustine was charged to court on Tuesday by the EFCC for allegedly swallowing $115,000 to avoid declaring it to officials of the Nigeria Customs Service at the Murtala Muhammed International Airport in Lagos. He was arraigned along with five other alleged accomplices, Christian Okoli, Kingsley Nwokenta, aka Buchito, Nwokenta Emmanuel, Ezenwa Ikenna and Ezenwa Uzoma for the offence of money laundering The six were charged with four counts before Justice C.J. Aneke of a Federal High Court in Lagos. The agency alleged that Onwuasonya and the 5 others committed the offence on August 25, 2015, and were apprehended at Room 303 of a five-star hotel in Lagos. The sixth accused, Uzoma, was singularly charged with the offence of obstructing an NDLEA official, Bello Tsanya, in the discharge of his duty. However, when the charges were read to the six accused in court, they all pleaded not guilty. The prosecutor said: “In view of the plea of the accused, I respectf...

Children Lose Their Teeth A Cause Of A Product That We All Have To Fridge!

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This dentist is warning parents of the dangers of toxic sugary soft drinks all brands, whose effects are harmful and devastating on children’s teeth. This is not exclusive to the case of Australia, but of all countries around the world that sell soft drinks containing artificial sugar. To support its conclusion, she recalled the case of a poor 3 year old who has 10 tear of his teeth because of an addiction to sugary soft drinks. It is terrible to lose a small child half his teeth from an early age due to the consumption of sugary drinks, especially that it will push to isolate themselves, refusing to communicate with those around him and not being able eat properly. To support its conclusion, she recalled the case of a poor 3 year old who has 10 tear of his teeth because of an addiction to sugary soft drinks. It is terrible to lose a small child half his teeth from an early age due to the consumption of sugary drinks, especially that it will push to isolate themselves, ref...

Man Utd flop players arrive England looking dejected after Champions league exit

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The footballers looked unhappy as they arrived England following their defeat in Germany last night. The club needed at least a point against Wolfsburg to qualify from the champions League group stage to the knockout stage but unfortunately came up short losing 3-2. See more pics after the cut  

See The Photo Of The Most Expensive Meat In The World

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                                             According to CNN, this steak costs about 3,200 dollars, which is about N640,000 in nigeria.

World's shortest man Chandra Dangi dies

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The world's shortest man Chandra Dangi from Nepal has died. He died from pneumonia in a US hospital yesterday September 4th. He was 75. He had been sick in his home which he was treating but had traveled to the US for work where he was rushed to the hospital after his symptoms worsened Dangi was just 21.5ins, and was declared the shortest human adult ever documented in history. ‘Today, our circus is flooded with tears at the loss of the world’s smallest man...whom we lovingly called Prince Chandra.’a family friend said

SoftBank acquires more shares in Sprint for about $87 million

Japanese telecoms group SoftBank Group Corp (9984.T), the majority owner of U.S. wireless carrier Sprint Corp (S.N), said it bought an additional 22.9 million shares in Sprint at a weighted average price of $3.80. Sprint's shares were up 8.2 percent at $4.20 in extended trading on Wednesday. SoftBank, which owns about 80 percent of Sprint, said the share purchases totaling about $87 million were made through subsidiary Galaxy Investment Holdings Inc. The company said it does not expect that its ownership in Sprint would increase to 85 percent or more as a result of the purchase. SoftBank had lost confidence in Sprint and was considering selling it as Sprint had been burning through cash because of monthly leasing plans that require U.S. wireless carriers to pay vendors for devices up front. . However, after Sprint last week reported a smaller-than-expected quarterly loss, as it added a...

Nestle chairman: lab tests show Maggi safe - paper

Indian authorities have forced Nestle to burn 29,000 tonnes worth of food after Maggi health scare, Chairman Peter Brabeck told a newspaper, dismissing the allegations as unfounded. "Laboratories in the United States, Britain, Australia and Singapore did not find anything harmful in the noodles. Our products are safe for consumers," he was quoted as saying by Swiss paper Handelszeitung in an advance summary of a story. He said the Indian case was "not harmless and not to be underestimated.". . The government has filed a lawsuit against Nestle's Indian unit, seeking 6.4 billion rupees in damages on behalf of consumers after the country's worst packaged food scare in a decade.

India's economic data brings cheer amid worries over stalled reforms

India's retail inflation cooled to a record low in July and annual growth in industrial production hit a four-month high in June, bringing cheer to investors fretting that gridlock in parliament is stalling reforms. Consumer prices rose 3.78 percent year-on-year in July, their slowest pace on record, compared with a 4.42 percent rise predicted by analysts. The sharp cooling, however, was in large measure due to a favourable base effect. Output at factories, utilities and mines expanded an annual 3.8 percent in June, helped by a sharp rebound in demand for consumer goods. Wednesday's economic data comes as a political logjam in parliament has stalled Prime Minister Narendra Modi's reform agenda, putting in doubt the fate of a major tax overhaul that will create one of the world's largest single markets. A crash in global commodity prices has helped inflation slip below the Reserve Bank of India's (RBI) medium-term target of 6 percent, giving it room to cut interest ...

U.S. crude ends at six-year low on China devaluation, OPEC data

U.S. crude settled at a more than six-year low on Tuesday after China's currency devaluation raised questions about oil demand in the No. 2 consumer and a new OPEC estimate showed non-member producers are likely to keep output high despite low prices. A BP refinery outage in Whiting, Indiana, that could last at least a month, idling some 240,000 barrels per day of crude distillation, also weighed on oil prices, traders said. U.S. crude fell $1.88, or more than 4 percent, to$43.08 a barrel, its lowest settlement since March 2009, and about $1 above the 2015 contract low on March 18. Brent fell $1.23, or 2.4 percent, to $49.18 a barrel, paring more than half of its gains in a rally on Monday. The market continued to weaken in post-settlement trade after the American Petroleum Institute (API), an industry group, reported a smaller-than-expected drawdown in U.S. crude inventories last week. "It's time to sell any and all rallies," said Tariq Zahir, managing member at Tych...

Risky assets reel as China allows yuan to fall for second day

Asian stocks and emerging market currencies tumbled on Wednesday and commodities fell after China allowed the yuan to fall sharply for a second straight day, forcing investors to seek refuge in safe-haven government debt. On Wednesday, the People's Bank of China set the yuan's midpoint rate weaker than Tuesday's closing market rate, which had already fallen sharply after China devalued its currency by 2 percent in a surprise move. The central bank had billed Tuesday's change as a free-market reform but experts suspect it could be the beginning of a longer-term slide in the exchange rate aimed at making China's ailing exports more competitive. The rapid drop in the value of China's currency -- around 4 percent in the last two days -- dealt a body blow to appetite for risky assets globally, with equities, currencies and commodities coming under selling pressure as money managers feared it could ignite a currency war that would destabilise the global economy. MSCI...

Raising interest rates with zero inflation is a hard sell

Americans and Britons bracing for their first interest rate rises in almost a decade are puzzled: why are rates about to go up when there's no inflation? Both the Federal Reserve and Bank of England are proclaiming that they are on the cusp of raising interest rates for the first time in almost a decade. It may take a few months, but the message they are sending still heavily-indebted households either side of the Atlantic is clear: 'be warned'. It's not hard to see why near-zero interest rates should be 'normalised' when you do a quick economic health check. After years in the post-credit crisis doldrums, both economies are now growing at brisk annual clips of between 2 and 3 percent. Jobless rates are near long-term averages of less than 6 percent. Real estate and financial asset prices have raced higher over the past couple of years. The problem is that annual consumer price inflation rates are zero in Britain and just 0.1 percent stateside, far below the 2 p...

Iran says oil output will not rise until sanctions relief

DUBAI (Reuters) - Iran's crude oil production will not rise until international sanctions against it have been lifted, a senior Iranian oil official was cited as saying on Tuesday. "Any increase in Iran's oil production depends on sanctions being lifted and oil production will not change until sanctions are lifted," Rokneddin Javadi, managing director of state run National Iranian Oil Company (NIOC), was quoted as saying by Iran oil ministry news agency Shana. Iran and six major world powers reached a landmark nuclear deal on July 14, clearing the way for an easing of international sanctions on Tehran and higher oil exports. Oil Minister Bijan Zanganeh has said that Iran was aiming to add 500,000 barrels per day (bpd) to production within two months of easing Western sanctions that have halved shipments in recent years, and as much as 1 million bpd in six to seven months.

FTSE falls as China devaluation hits Burberry, mining stocks

The FTSE 100 fell on Tuesday, led by stock mining companies and luxury firm Burberry, after China devalued its currency, raising the costs of imports. The world's second-largest economy devalued the yuan on Tuesday after a run of poor economic data, guiding the currency to its lowest point in almost three years in a move that economists said was aimed at helping its exporters. Mining groups BHP Billiton, Glencore, Antofagasta and Rio Tinto were down between 2.3 and 4.7 percent. Copper fell 3.2 percent after the move by China, which is the world's biggest consumer of metals. The mining sector was down 2.6 percent, moving back towards a six-year low hit in late July. The exception was precious metal miners, with Randgold and Fresnillo up 2.1 percent and 2.6 percent respectively, as gold hit a three-week high. Burberry, which sells extensively in China, fell 3.4 percent. "A weaker yuan makes imports more expensive, and with China accounting for some 14 percent of the company...

U.S. productivity rises in second quarter, but trend still soft

U.S. nonfarm productivity rebounded in the second quarter, but a weak underlying trend suggested inflation could pick up more quickly than economists have anticipated.     Productivity increased at a 1.3 percent annual rate in the April-June period, the Labor Department said on Tuesday. But productivity, which measures hourly output per worker, rose only 0.3 percent from a year ago. In line with annual revisions to gross domestic product published last week, first quarter productivity was revised to show it falling at a 1.1 percent rate instead of the previously reported 3.1 percent pace of decline. "What it means is that inflation could be more problematic down the road, but we haven't seen it yet. It's something to think about long term," said Gennadiy Goldberg, an economist at TD Securities in New York. Productivity is one of the metrics the Federal Reserve is watching as it contemplates raising interest rates for the first time in nearly a decade. Economists had f...

UK to force out Nigerian students, others after graduation, Ban them from working

Nigerian students studying in theUnited Kingdom, and their counterparts from other countries, will be forced to leave the country after graduation. A fresh policy ordered by Home Secretary, Theresa May, seeks to ban foreign students, with the exception of those from EU countries, from working in Britain after completing their studies. The policy requires that they return to their countries and reapply for a visa to return and work in the country. It is argued that many students are using colleges as a “back door to a British work visa”. According to official figures, out of the 121,000 non-EU students that entered the UK in the 12 months to June 2014, only 51,000 left. This indicated a net influx of 70,000 students. Already, May has banned 870 UK colleges from taking foreign students as a means to stop student visas being used as an easy way to enter the UK before getting a job and claiming benefits. The new rules will deny non-EU students the right to work while in the UK...

Congo eye upset against Nigeria In Olympic 2016 qualifiers

Congolese coach Claude Le Roy says he is confident his Under-23 team have what it takes to upset their Nigeria counterparts, when both teams clash in an Olympics 2016 qualifiers this weekend in Porthacourt. Le Roy who lead Congo senior national team last year to inflict a first ever home loss on Nigeria, in an Africa nations cup qualifer which went a long way in denying Nigeria a chance to defend her 2013 crown, at the tournament proper is confident his Under-23 team are capable of doing same. “We are in an identical position to last year with no one beyond Congo giving us a chance,” Le Roy said during a training camp in Atlantic City Pointe-Noire. “But my team have a huge chance of not only eliminating Nigeria, but qualifying for the Rio Olympics, there is no reason why we should fear Nigeria. “Congolese football has made tremendous progress recently and we must maintain that improvement.” The 67 year old can call on four of his senior squad for the third-round, first-leg...

CSKA Moscow continue to thrash out Aaron Samuel Transfer Fee

CSKA Moscow and Guangzhou R&F continue to haggle over a transfer fee for Nigeria international Aaron Samuel. The Russian Premier League side have failed to meet the attacker's five million euros buy-out clause after several months of negotiations but they have agreed to insert a 10 percent sell - on fee on top of the €3.5 million that has been offered. Unlike some European teams, Guangzhou R&F are backed by real estate developers and don't have cash flow problems, and are reluctant to do business with the Muscovites except they cough up €5 million. But CSKA Moscow power brokers are confident a deal is imminent, with the club instructing Aaron Samuel to start processing his visa to Russia. A five - year contract has been offered to the Guangzhou R&F frontman but the player and his intermediary have insisted that the duration of the agreement should be four seasons. The 21 year old has maintained his professionalism while talks are ongoing, and netted a b...

Shakhtar return to Istanbul, Monaco tackle Young Boys

Robin van Persie's new team Fenerbahce have a tough date with Shakhtar Donetsk while last season's quarter-finalists Monaco must overcome Swiss outfit Young Boys to reach the Champions League play-offs. For Shakhtar, their pairing with Fenerbahce in the third qualifying round means a return to Istanbul's Sukru Saracoglu Stadium, the scene of their finest hour, the 2009 UEFA Cup triumph over Werder Bremen. In other ties produced by Friday's draw, Dutch giants Ajax, four-time winners of Europe's premier club competition, face Rapid Vienna, Panathinaikos are up against FC Bruges, and CSKA Moscow play Sparta Prague. Scottish champions Celtic can look forward to a trip to either Azerbaijan or Montenegro if they come through the second qualifying round. Ronny Deila's team are 2-0 up after Wednesday's first leg against Icelandic side Stjarnan. Should the Hoops seal the tie in next week's second leg they will face either Qarabag in Baku, venue for th...

Mourinho Blocks Mikel Moves To Leave Stamford Bridge

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Chelsea manager Jose Mourinho has refused to sanction the sale of midfielder John Mikel Obi, delivering a blow to United Arab Emirates suitors Al Ain and Al Wahda. The Nigeria international, who started only six league games last season, wants to leave Stamford Bridge after failing to hold down a regular starting place. The 28-year-old, who has two years left on his contract, has been told he remains p

Beach injury rules out Bayern's Dante

Brazil defender Dante is set to miss Bayern Munich's opening pre-season warm-up tournament at Borussia Moenchengladbach on Sunday after picking up an injury while playing beach football on holiday. Bayern face hosts Moenchengladbach, Hamburg and Augsburg in a mini-tournament as the German champions begin their preparations for the new Bundesliga season on August 14 when they host Hamburg in Munich. Centre-back Dante, 31, picked up a leg injury while playing footvolley a popular mix of football and beach volleyball at home in Salvador, Brazil. "Dante trained a lot on holiday and also played a bit of football, where he suffered a small tear in a muscle," explained Bayern Munich's director of sport Matthias Sammer. It means Spain international Javi Martinez is the only fit centre-back Bayern coach Pep Guardiola currently has at his disposal as Dante recovers from the minor set back. Bayern are set to present their team on Saturday in Munich before travelling ...