Author: Admin

Aliko Dangote named Africa’s richest for 7th year

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Aliko Dangote, President and Chief Executive of Dangote Industries Limited, has been adjudged the richest man in Africa by Forbes. Mr. Dangote, ranked Africa’s richest with a net worth that Forbes pegged at $12.2 billion, is being so declared for the seventh year running. The Nigerian billionaire’s net worth recorded an increase of about $100 million from last year. Similarly, Forbes noted that Bill Gates maintained his position as the richest man in the world with a net worth of $86 billion, while Warren Buffet and Jeff Bezos were second…

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Sanctions: China’s trade with N/Korea tumbles

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As North Korea struggle to cope with economic challenges following sanctions imposed on Pyongyang by UN and U.S. over nuclear and missile development, China says its trade with the Kim Jong Un-led country fell 50 per cent in December from a year earlier. Chinese government had also imposed sanctions on Pyongyang’s nuclear and missile programme. The Chinese customs agency said Friday that imports from the North shrank 81.6 per cent to $54 million while exports to the isolated, impoverished country contracted 23.4 per cent to $260 million. The UN Security…

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Africa alarmed by Donald Trump’s `shithole’ comment

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Africa is “frankly alarmed” by President Donald Trump’s questioning why the U.S. would accept more immigrants from Haiti and “shithole countries” in Africa. Using vulgar language, Trump on Thursday questioned why the U.S. would accept more immigrants from Haiti and “shithole countries” in Africa rather than places like Norway in rejecting a bipartisan immigration deal. The African Union continental body told The Associated Press it was “frankly alarmed” by Trump’s comments. “Given the historical reality of how many Africans arrived in the United States as slaves, this statement flies in…

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Nigerian lady marries man six days after Facebook advert

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A Nigerian man, Chidimma Amedu has taken Facebook post to a whole new level when he posted an unusual advert on 30 December 2017 asking any woman interested in being his wife to reply. He also said he was ready to tie the nuptials knots on 6 January, 2018. “Am of age and I am ready to say I do and am wasting no time. “Send in your applications – the most qualified will be married on January 6, 2018. Application closes 12 midnight, 31/12/2017,” t Amedu posted. He then…

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NNPC assures of adequate petrol supply

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The Nigerian National Petroleum Corporation (NNPC) has advised motorist against panic buying, saying it has adequate supply of the product in the country. In a statement by the Group General Manager, Group Public Affairs division Mr Ndu Ughamadu, on Thursday in Abuja,it said the corporation had product that would last for over 30 days. “NNPC wishes to enjoin motorists in Abuja, its environs and other parts of the Country not to engage in any panic buying of petroleum products. “NNPC assures motorists that the Corporation has robust stock of PMS, otherwise…

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‘Mini pill box’ that stays in stomach for a week could vastly slow HIV infection

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US scientists say they have found a way to prevent between 200‚000 and 800‚000 new HIV infections in SA over the next 20 years. A team at the Massachusetts Institute of Technology (MIT) has developed a “mini pill box” that stays in the stomach for a week‚ delivering a long-lasting dose of antiretroviral medication. By simulating the dynamics of HIV and patient drug-adherence patterns in SA‚ the MIT team — which published its research in the journal Nature Communications — showed that the invention could reduce therapeutic failures and prevent…

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Bishop David Oyedepo tops Forbes list of richest pastors in the world, net worth $150m

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The General Overseer of Winners Chapel and the Chancellor of Covenant University, Bishop David Oyedepo tops the Forbes list of richest pastors in the world with a net worth of $150 million. According to Forbes, Oyedepo heads the single largest church in the world, which is otherwise known as Winners’ Chapel. He also exerts control over churches in 45 African nations, as well as several in Dubai, the United Kingdom and the United States. Pastor Chris Oyakhilome of the Believers’ Love World; T.B Joshua of the Synagogue Church of All Nations; and Pastor E.A…

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Bitcoin and cryptocurrencies ‘will come to bad end’, says Warren Buffet

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Billionaire investor Warren Buffett said Wednesday that he would never invest in Bitcoin or other cryptocurrencies, and predicted the wildly popular assets are in for a fall. “I can say almost with certainty that cryptocurrencies will come to a bad end,” Buffett told CNBC in an interview. Buffett’s comments were backed by Charlie Munger, his longtime partner at his investment company Berkshire Hathaway, who described the soaring values of Bitcoin and the other cryptocurrencies as “bubbles”. Munger said investors “are excited because things are going up at the moment and it sounds vaguely modern. But…

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Manchester United make bid for Alexis Sánchez in attempt to hijack City deal

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• United make offer in region of £25m for Arsenal forward  • Henrikh Mkhitaryan offered as a makeweight but salary a stumbling block Manchester United have made a bid to sign Alexis Sánchez from Arsenal as José Mourinho attempts to scupper Manchester City’s hopes of securing the arrival of the Chile forward this month. Sánchez has already agreed personal terms worth around £250,000 a week with Pep Guardiola’s side, with City having submitted a £20m offer for the 29-year-old earlier this week. Arsenal have yet to respond to that but it is understood that…

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Samsung faces French legal case over alleged abuses in China

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Two French campaign groups filed a legal case against Samsung in France on Thursday, alleging the Korean electronics giant was responsible for the use of child labour and other abuses in its Chinese plants. Using a new French law that makes a company potentially liable for working conditions elsewhere in the world, the NGOs Peuples Solidaires and Sherpa lodged a complaint in Paris against the Samsung’s French subsidiary and international parent company. Using research from the China Labor Watch group, the French campaigners alleged that children had been found in…

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