Month: December 2017

Bitcoin surge: Digital currency closer to $12,000 mark

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The price of cryptocurrency bitcoin surged to 11,800 dollars on Sunday afternoon – its highest level yet. Bitcoin, a peer-to-peer digital currency system created in 2009 that is not propped up by a central bank, has seen its value increase ten-fold, but with dramatic fluctuations, this year. After surpassing the 11,000-dollar threshold on Wednesday, the currency fell to around 9,000 dollars the following day. Central bankers have warned of bitcoin’s unpredictability and of indications that it constitutes a bubble asset that could come crashing down in value. On Friday, the…

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UK warns its citizens of terrorist attacks in Nigeria

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The United Kingdom has asked its citizens to avoid traveling to Nigeria during the Christmas and New Year holiday period, owing to possible militant attacks in the capital Abuja and other volatile areas. “Terrorist groups have threatened to conduct bombings and attacks in the Federal Capital Territory (Abuja) area during this period,” the British Foreign and Commonwealth Office (FCO) said in a travel advisory. “You should avoid places where crowds gather, including religious gatherings and places of worship, markets, shopping malls, hotels, bars, restaurants, transport hubs and camps for displaced…

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PDP will become solid after Saturday convention – Ex-President Jonathan

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Former President Goodluck Jonathan has said that the Peoples Democratic Party (PDP) will become solid after its Saturday national convention. Jonathan expressed the optimism in an interview with newsmen after his visit to Gov Nyesom Wike of Rivers, in Port Harcourt, on Sunday. He said that he was hopeful that by Saturday PDP would elect its new set of national officials “God willing we will go through the convention and the party will become solid. “Now we have the National Caretaker Committee and when you are caretaker you are not…

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Indian hospital sacks 2 doctors over baby declared dead

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Max Healthcare in New Delhi, India has sacked two doctors involved in the case of a premature baby being wrongly declared dead. The Times of India reported  that  the decision was taken after a meeting of the hospital’s authorities. “While the inquiry by the expert group which includes external experts from the Indian Medical Association IMA is still in process, we have decided to terminate the services of two treating doctors, doctors AP Mehta and Vishal Gupta in the case relating to the twin extreme pre-term babies,” Max Healthcare said. Policemen…

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US, South Korea in biggest ever air drill with 230 aircraft

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The US and South Korea on Monday kicked off their largest ever joint air drill, an operation North Korea has labelled an “all-out provocation”, days after Pyongyang fired its most powerful intercontinental ballistic missile. The five-day Vigilant Ace drill — involving 230 aircraft, including F-22 Raptor stealth jet fighters, and tens of thousands of troops — began Monday morning, Seoul’s air force said. Pyongyang over the weekend blasted the drill, accusing US President Donald’s Trump’s administration of “begging for nuclear war”. However South Korea’s Unification ministry said the drill was…

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England should ‘fear no-one’ in World Cup draw – Roy Hodgson

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Roy Hodgson says that England should ‘fear no-one’ as the nation waits to hear who they will be paired with in the World Cup draw. Gareth Southgate will find out on Friday who they will face when the eight groups are unveiled at a ceremony in Moscow. Hodgson, who oversaw two ignominious finals campaigns – in Brazil in 2014 and at Euro 2016 in France – during his four-year tenure with England, sees a renewed belief in Southgate’s side and says they should go far in Russia next summer, irrespective…

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Wizkid beats Jay Z, Lamar, Drake to MOBO award

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The Nigerian artist Wizkid may have missed the Grammy nomination this year, but he beat a strong field including Jay-Z, Drake, Travis Scott and Kendrick Lamar to net the best international artist prize at the Mobo awards in London Wednesday night. Other artists edged out by Wizkid are Cardi B, DJ Khaled, Migos, Solange Knowles, SZA Another Nigerian artist Davido, also emerged the best African Act for the year. He beat a field of artists, including Wizkid to get the award. The other artists in the pack were: Eugy, Juls,…

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Why FG is not enjoying full private sector contribution to development – ACCI

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The President of Abuja Chamber of Commerce and Industry (ACCI), Tony Ejinkeonye, on Thursday urged the federal government to create the right environment for the private sector to meaningfully contribute to development. According to him, the government is not enjoying full private sector participation in its developmental efforts because a sustainable framework of mutual trust between the public and private sector has not been created. He said this when he delivered a lecture on “The Role of the Private Sector in FCT Development” at the second annual lecture series of…

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Japan’s Emperor Akihito gives abdication notice

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Japan’s Emperor Akihito will step down on April 30, 2019 for health and age reasons,  the prime minister Shinzo Abe announced Friday. It would be the first retirement in more than two centuries in the imperial family believed to be the world’s oldest. Abe said he was “deeply moved” at the “smooth decision” taken after a special meeting of the Imperial Council to decide on the date for the popular 83-year-old to step down for health reasons. “The government will make utmost efforts to ensure that the Japanese people can…

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2800 delegates to participate in PDP Convention

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Mr Dayo Adeyeye, the National Publicity Secretary of the Peoples Democratic Party (PDP) on Thursday said no fewer than 2,800 delegates would participate in the party’s Dec. 9 national convention. Adeyeye made this known while briefing journalists at the end of the 77th National Executive Council (NEC) meeting in Abuja. He said the party Caretaker Committee was determined to conduct the best party election in the history of the country. He said the committee had promised to be free and fair in the convention and was ready to provide answers…

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