Dollar may lose status as the world’s currency

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Though the US dollar continues to reign as the foreign reserve currency of choice, a new International Monetary Fund analysis shows that the currency has slumped to a 15-year low, heightening concerns that it may lose that status.

While the dollar currently constitutes 62 percent of the $6 trillion in foreign holdings by the world’s central banks, when a historical view is taken into account, Dick Bove, vice president of equity research at Rafferty Capital Markets says the dollar’s actual percentage of total money supply worldwide has gone from 90 percent in 1952 to about 15 percent today.
Bove, like many other analysts, believes that the rise of the Chinese currency, the yuan, is at the expense of the US dollar’s dominance as a safe haven.

Seven firms shortlisted for Lagos-Ibadan Expressway reconstruction

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Seven construction firms have been shortlisted for the reconstruction/rehabilitation of the Lagos-Ibadan Expressway.

This is coming at a time that the traffic situation at several bad portions of the road has worsened due to the advent of the rains. And as the condition of the road continues to deteriorate, gridlock has become a constant feature on both sides of the highway.

 

The names of the shortlisted firms, according a source at the Federal Ministry Works, have been sent to the Bureau of Public Procurement for ratification.

The source said the BPP was expected to issue a certificate of no objection, which would clear one or two of the construction companies for the project.

Nigeria Has Been Stagnant for So Long, It Is Time to Change – Obasanjo

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Former President Olusegun Obasanjo on Wednesday tasked political leaders to adopt practical measures to accelerate effective utilisation of human and natural resources for sustainable development in the country.

Obasanjo gave the challenge while speaking at the maiden Jigawa Economic and Investment Summit in Dutse.

The summit was organised by the state as part of the activities to mark the 2013 Democracy Day celebration.

The major highlight of the summit was to encourage investment on agriculture, information and communication technology (ICT), solid minerals and small and medium scale enterprises (SMEs).

Obasanjo said that Nigeria was endowed with abundant natural and human resources, which could be transformed to the social and economic benefit of the people.

You Can't Go Anywhere! Chocolate City Says Brymo Must Pay Their Money

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The sensational 'porting' of Brymo, the ARA crooner, from Chocolate City is set to be the latest controversy in the entertainment in Nigeria. The guy said he's moving on but the record label said no way! 

 

Brymo even confirmed his exit from Chocolate city on Twitter but an inside source told OluFamous.Com the singer can't go anywhere. He must deliver the money that was spent on him...

My source said Brymo must deliver two solid albums in the next three years for Chocolate City otherwise he will be slammed with a heavy law suit with would cost a lot as a 'struggling' artiste.

 

The reason for their quarrel leading to his decision to dump the record label is still been kept under the raps but My source said it has to do with money. He wanted more money but he has not justified it.

See Bromy's Tweet below confirming he has left Chocolate City:

Jonathan to critics - ''Develop your marking scheme and mark us''

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President Goodluck Jonathan on Wednesday challenged observers and critics of the administration to develop a marking scheme to appropriately grade the performance of his administration. At the same time the Minister of Finance, Ngozi Okonjo-Iweala, and the Minister of National Planning, Shamsudeen Usman, highlighted the performance of the Jonathan administration.

The president said this at the presentation of his midterm scorecard to Nigerians and the global community.

Mr. Jonathan said his two years performance should be compared with those of previous Nigerian leaders and other African leaders.

Nine Nigerians Arrested For Fraud In Malaysia

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Police in Malaysia have arrested nine Nigerians suspected of having cheated a beautician of an estimated $427,000, Borneo Post online has reported.

According to Commercial Crime Investigation Department head Supt Mohd Firdaus Abdullah, all suspects stationed at the country’s capital were arrested last Wednesday, after two local suspects in Kuching were released on bail following an interrogation.

“We traced these foreigners through the Internet Protocol Address provided by one of the local suspects,” he said when contacted yesterday.

Touch And Follow: Female Student Ra-péd By Heavy Guys After Touching Her With Ring

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There is a boy who was not my boy friend. He was a student in that school about two years ago. His name is Biola. He had wanted to date me several times which I politely turned down. Just last Wednesday, when I closed from school, Biola came to me in company of two unidentified boys and said his mum wanted to see me. I asked him what led to the invitation by his mum.

"I then told him I would not go. Then, one of the two other guys who had a ring on his hand hit me on the chest and I was unconscious. They took me to the residence of one of the boys and rap-éd me...

“Before ráping me, they gave me alcoholic drink and after the crime had been committed, they gave me ‘covenant water’ threatening me that I would die if I told anybody of the act,” the girl revealed.

Ex-minister’s relation accused of killing live-in lover

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A relation of a former Minister of Interior, Capt. Emmanuel Iheanacho (retd.), has been accused of killing his live-in lover.

The suspect, George Iheanacho, allegedly killed his 32-year-old partner, Regina James (pictured above), the mother of his three children – two boys and a girl.

George was said to have killed Regina in their residence at 3, Calvary Street, Iyana Isasi, Lagos-Badagry Expressway in late April, 2013.

PUNCH Metro learnt that the accused, who worked in the ex-minister’s company, Genesis Worldwide Shipping Company, Apapa, on the fateful day, accused Regina, who had lived with him for six years, of unfaithfulness.

It was further learnt that subsequent argument over the accusation led to the suspect beating up Regina and in the process, she fell into a coma.

Sad: Two crushed to death as trailer falls on car on Airport road

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This sad incident occurred on Monday night May 27th along Airport road in Mafoluku, Lagos. A trailer carrying heavy duty rods lost control and fell on a car with three people inside.  The three occupants of the car, two men and a woman, were staff of Zenith Pension, Victoria Island. The two men, Ovie and Sir Kay, lost their lives, while the lady survived with a deep cut on her head.

 

Rescuers managed to bring the lady out of the car that night after they heard her shouting she was still alive, but the two dead men were left in the car wreckage until the following morning when their colleagues showed up at the accident scene. Sad! May their souls rest in peace, amen.

Obasanjo Confesses He Found a Job For Sule Lamido (Video)

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Former President Olusegun Obasanjo on Wednesday congratulated himself for selecting Sule Lamido to be the governor of Jigawa state insisting that his choice has paid off.
Mr Obasanjo, speaking as a guest at the Jigawa State Economic Summit, said Governor Lamido has shown by his achievements in office that he was the right person to lead the state.
He said, "You people of Jigawa, once again, I congratulate you and I congratulate myself; because if you can say, yes, Obasanjo forced this one (Governor Lamido) on us, it is a good forcing.
"It comes to one thing that you will say, you can help anybody to find a job but you cannot help anybody to do the job. In this case, we found a job for Sule Lamido. Sule Lamido was ready, willing, able and competent to do the job."

Don’t pay ransom to pirates, kidnappers – Naval chief

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The  Chief of Naval Staff, Vice-Admiral Dele Ezeoba, has urged members of the Nigerian Trawlers Owners Association not to pay ransom to pirates and kidnappers, who attack their trawlers.

Paying of ransom to the kidnappers, Ezeoba said, would perpetuate the vice in the country.

According to him, the country has a responsibility to adopt the measures to discourage the crime.

The Navy Chief spoke while receiving the National Executive of the Nigerian Trawlers Owners Association led by its President, Mr. Joseph Overo, in Abuja on Tuesday.

China baby’s toilet fall accidental – Police

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This frame grab taken from AFPTV footage received on May 28, 2013
 shows rescue workers breaking away bits of a pipe to remove a
newborn baby boy stuck inside in the city of Jinhua, in the
eastern province of Zhejiang. The newborn baby boy was
rescued from a sewage pipe in a Chinese apartment building
after being flushed down a toilet, state media said, provoking
 online outrage on May 28. AFP PHOTO

BEIJING (AFP) 

The fall of a newborn baby into a toilet pipe in China was accidental and his mother will not be prosecuted, local officials said Wednesday, adding the boy is healthy.

The mother, 22 and unmarried, had kept her pregnancy secret and gave birth unexpectedly when she went to the lavatory on Saturday.

BBA Update: Beverly battles tears at diary session

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The Chase Housemates’ first Diary sessions were filled with a mix of emotions ranging from joy, to guilt to indifference.

Ruby Head of House, Nigeria’s Beverly was the most visibly emotional Housemate of all the Rubies. She got choked up when Biggie asked about her decision to save Bassey from the Eviction gallows and replace him with Natasha. “It’s not that I don’t like her, I have nothing against her,” the Nigerian dame insisted.

Bassey, who has no idea that he has been replaced in the list of Eviction Nominees by Natasha, dished to Biggie about how he feels about the Malawian. “Natasha is a control freak. She is most likely to have clashes in the House,” he declared. But he was quick to clarify to Biggie that despite her mother hen ways, he has bears no ill feelings towards her and that he does get along with her and all of the other Housemates.

Africa plans emergency force, but can it deliver?

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NAIROBI  (AFP)

Aware that they have failed to get a fully-fledged peacekeeping force up and running, African leaders now plan a rapid-deployment emergency force, but analysts question whether it can deliver.

The African Union’s “African Standby Brigade”, meant to intervene swiftly in regional crises, has made little headway since preparations for a proposed force of 32,500 troops and civilians drawn from the continent’s five regions started a decade ago.

Only two of five regional sections are close to becoming operational.

A new emergency force announced this week is intended to bridge the gap pending the full coming into operation of that brigade, AU security chief Ramtane Lamamra said at the organisation’s headquarters in the Ethiopian capital.

OPEC to maintain crude production ceiling

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LONDON (AFP) – 

OPEC meets on Friday in Vienna and is expected to maintain its crude production ceiling, with Brent oil prices steady above $100 a barrel, analysts said, with angst over weaker demand particularly from China.

Ministers from the Organization of Petroleum Exporting Countries (OPEC) will convene in the Austrian capital amid demand worries linked to poor global economic growth, and with one eye on the prospect of booming US shale output.

PHOTOS: 19-Year-Old Girl Jumps From Third Floor Window After Finding Out Her Boyfriend Is Married

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A Chinese teenager who jumped from a third-floor window in a suicide bid after learning that her boyfriend is married was saved by a giant pillow.

The 19-year-old Chinese woman threatened to launch herself from the building after discovering her partner had a wife and a ten year old child.

Mum Locked Up Mentally Challenged (Killer) Son In A Cage For 11 Years (SEE PHOTOS)

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A 74-year-old woman, Wang Muxiang, was forced to cage and shackle her mentally ill son in a homemade cage for 11 years has emerged from China. The cage was made after her son Wu Yuanhong murdered a teenager in his village in Ruichang, Jiangxi Province, while reportedly suffering an episode of 'psychosis'.

Wu also beat a 13-year-old boy to death in the same village in 2001. He was released home a year later because he suffered from mental illness.The woman built the cage when no one else agreed to help her out for fear of being attacked by Wu. Wang said: 'I wielded the cage while crying heavily. Although he suffers from mental illness and killed a person, he still is my son. Thinking I was making a cage to lock him in, my heart was broken.'

Jonathan Gives Order For Amaechi's Impeachment Immediately

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The next phase of the total war declared against Rivers State Governor, Rotimi Amaechi, by the Presidency is for him to be impeached unconstitutional "immediately" by just 5 members of the of the House of Assembly which is populated by over 20 members.

 

The five House members are known to be loyal to President Goodluck Jonathan's camp in Rivers State, that is headed by the Minister of State for Education, Amaechi's former boy, Nyesom Wike.

 

See details of the unfolding wicked plan...

According to Sahara Reports, President Jonathan’s political witch-hunt of Rivers State governor, Chibuike Rotimi Amaechi, has reached a dramatic stage, with the Presidency approving and funding a plan to impeach the governor with the help of only five state lawmakers.

6 Ways To Tell If A Woman Does Not Want To Sléep With You

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The saying about s-éx and women goes something like this: A woman knows within 5 minutes of meeting a man whether or not she would ever have s-éx with him. Now the approximation of time might not be an exact five minutes but generally speaking, women do have an inclinatión after a short time as to whether or not the man in front of them is someone they would ever give a taste of the honey pot. This does not include if he later does something that turns her off for eternity.  With that being said, fellas take out your note pads and listen carefully. Here are a few clues to assist you in distinguishing that the woman you are dating does not desire you.

1. She never touchés you or initiatés afféction

If you have been dating this woman for several months let’s say, and she never once has initiatéd any afféction of any kind then brother leave the condóms at home. You are not one of the privileged. When a woman is attracted to you on any level then after some time she will not be able to contain it. It will slip out in spurts of her gently rubbing your face, putting her hand on your knee, or even boldly grabbing your hand and placing it on her body in some way. She will initiaté some form of physical contact in some regard if she has even ever thought of letting you get close to the honey pot.

Why Prem-áture E-jáculation Isn't Really A Bad Thing ( Do You Agree ?)

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Don't be disappointed when a man finishes really early in bed -- it's a compliment to you, claims Tyrese Gibson.

When the actor and model appeared on Chelsea Lately on May 22nd to promote his upcoming film "Fast & Furious 6," the conversation turned to what constitutés good séx. He told host Chelsea Handler:

 “Well, see, [women] got this thing about minute mén. And so, when you’re a minuté man, women get mad. But it’s actually a compliment because if you’re in the béd for like 45 minutes and nothing is happening, you should get your life together.”

Do you agree?