Would you term this 'Torture or Training'?

Each year thousands of children, some as young as four, are enrolled in Schools of Sport in China, and begin the harsh training regimes designed to turn them into Olympic winners. If they succeed in winning Olympic gold they are rewarded with a $25,000 payment from the government. The picture above shows a young gymnast practising her leaps at Wuhan School of Sport, where dozens of children with sporting potential stay in dormitories away from their families. Not bad, whatever brings the gold home. See more photos after cut;

Feb. 27, 2016 in History

 On Feb. 27, 1991, Operation Desert Storm came to a conclusion as President George H.W. Bush declared that “Kuwait is liberated, Iraq’s army is defeated,” and announced that 

Guess who rejected a multi-billion house

 

 Vice President Yemi Osinbajo said yesterday that the building of a new residence for the nation’s number 2 citizen is a waste of public funds. Vice President Yemi Osinbajo's current residence, 'Aguda House' according to him is

The weather this days tho

Lol....
Photo Credit: I.G @Funny_Iyke

Petrol Import mounts pressure on the Naira- Mutallab

 

 The Chairman of Jaiz Bank Plc, Alhaji Umaru Mutallab has said the on-going foreign exchange crisis was triggered by the expending of billions of Dollars to import refined fuel products to sustain the economy. 
Mutallab told participants at the Daily Trust Board of Economists Breakfast Meeting held yesterday, 

Cedric Larry Ford; the man behind the gun

 

 Three people were actually killed and 14 people were injured, this happened on Thursday. 10 out of those injured are in critical condition at local hospitals. The shooter was also killed by the police,

I hear people call him "Anti-Christ"

 The Supreme Court has passed a verdict on the convicted General Overseer of the Christian Praying Assembly, Chukwuemeka Ezeugo popularly known as Rev. King to die by hanging. The Judgement was passed

Recommendations on how to grow the Naira

Hey Readers,

 This article is linked to my previous post on What every Nigerian must know about the Exchange rate. Recently, we have watched the price of foreign currency rise by 100% in less than 6 months, Presently, 1 dollar in Nigeria costs 199 naira in Central bank of Nigeria and 375 naira in the Open market. Someone might say “I don’t make use of foreign goods so it doesn’t really affect me”? Before you make quick judgement on that, look around you, a bag of pure water now is 100 naira instead of 80 naira, we can rarely purchase bread for 50 naira, photocopy is now 10 or 20 naira for a page, Yellow bulb is now 100 naira among others. These are the things that we use daily so it does concern us. Most of the things we use in Nigeria are imported,virtually everything even down to our food stuffs. This situation affects everyone. Obviously, something needs to be done. Now, let's discuss on few steps that will help the system;

What every Nigerian must know about the Exchange rate: Part 4

EXCHANGE RATE APPRECIATION AND DEPRECIATION

The price of money can rise and fall like any other item in the market, depending on the way people are demanding for them. For example, the price of 1 dollar in Nigeria as at 2010 was 111.58 naira, but in 2009, it was 125 naira, now(February, 2016) its cost 199 naira. So between 2009 and 2010 the price of Dollar fell from

Exchange rate Palava: What every Nigerian must know: Part 3

WHY ARE WE ALWAYS MEASURING EXCHANGE RATE WITH DOLLAR?

The reason is that the American dollar is the most stable currency, this means that the value does not increase and decrease like that of other currency. For instance, if the naira was used as a standard measure it will be bad because the value keeps fluctuating. I can buy recharge card in March with 100 naira, by December I can’t buy it again; it’s now 110 naira then the next year it changes. In 2011, 1500 naira could take me from Lagos to Awka, but now that amount of money cannot, it’s now 4000 naira and above. The American dollar value does not change like this, that’s why it is used as a standard measure.

WHY MAY I NEED TO BUY DOLLAR?