Know Cryptocurrency!!!- A Must Read!!!

^{What is Cryptocurrency: Everything You Need To Know!!}

What is cryptocurrency:  21st-century unicorn – or the money of the future?

This introduction explains the most important thing about cryptocurrencies. After you‘ve read it, you‘ll know more about it than most other humans.

Crypto Currency: A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

Today cryptocurrencies have become a global phenomenon known to most people. While still somehow geeky and not understood by most people, banks, governments and many companies are aware of its importance.

In 2016, you‘ll have a hard time finding a major bank, a big accounting firm, a prominent software company or a government that did not research cryptocurrencies, publish a paper about it or start a so-called blockchain-project.

 

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“Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us.” – Thomas Carper, US-Senator

 

 

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But beyond the noise and the press releases the overwhelming majority of people – even bankers, consultants, scientists, and developers – have a very limited knowledge about cryptocurrencies. They often fail to even understand the basic concepts.

So let‘s walk through the whole story. What are cryptocurrencies?

• Where did cryptocurrency originate?
• Why should you learn about cryptocurrency?
• And what do you need to know about cryptocurrency?

 

What is cryptocurrency and how cryptocurrencies emerged as a side product of digital cash

 

Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency.

In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System.“

His goal was to invent something; many people failed to create before digital cash.

 

Announcing the first release of Bitcoin, a new electronic cash system that uses a peer-to-peer network to prevent double-spending. It’s completely decentralized with no server or central authority.  – Satoshi Nakamoto, 09 January 2009, announcing Bitcoin on SourceForge.

 

The single most important part of Satoshi‘s invention was that he found a way to build a decentralized digital cash system. In the nineties, there have been many attempts to create digital money, but they all failed.

 

… after more than a decade of failed Trusted Third Party based systems (Digicash, etc), they see it as a lost cause. I hope they can make the distinction, that this is the first time I know of that we’re trying a non-trust based system. – Satoshi Nakamoto in an E-Mail to Dustin Trammell

 

 

After seeing all the centralized attempts fail, Satoshi tried to build a digital cash system without a central entity.

This decision became the birth of cryptocurrency. They are the missing piece Satoshi found to realize digital cash. The reason why is a bit technical and complex, but if you get it, you‘ll know more about cryptocurrencies than most people do. So, let‘s try to make it as easy as possible:

To realize digital cash you need a payment network with accounts, balances, and transaction. That‘s easy to understand. One major problem every payment network has to solve is to prevent the so-called double spending: to prevent that one entity spends the same amount twice. Usually, this is done by a central server who keeps record about the balances.

In a decentralized network, you don‘t have this server. So you need every single entity of the network to do this job. Every peer in the network needs to have a list with all transactions to check if future transactions are valid or an attempt to double spend.

But how can these entities keep a consensus about this records?

If the peers of the network disagree about only one single, minor balance, everything is broken. They need an absolute consensus. Usually, you take, again, a central authority to declare the correct state of balances. But how can you achieve consensus without a central authority?

Nobody did know until Satoshi emerged out of nowhere. In fact, nobody believed it was even possible.

Satoshi proved it was. His major innovation was to achieve consensus without a central authority. Cryptocurrencies are a part of this solution – the part that made the solution thrilling, fascinating and helped it to roll over the world.

 

What are cryptocurrencies really?

If you take away all the noise around cryptocurrencies and reduce it to a simple definition, you find it to be just limited entries in a database no one can change without fulfilling specific conditions. This may seem ordinary, but, believe it or not: this is exactly how you can define a currency.

Take the money on your bank account: What is it more than entries in a database that can only be changed under specific conditions? You can even take physical coins and notes: What are they else than limited entries in a public physical database that can only be changed if you match the condition than you physically own the coins and notes? Money is all about a verified entry in some kind of database of accounts, balances, and transactions.

How miners create coins and confirm transactions

Let‘s have a look at the mechanism ruling the databases of cryptocurrencies. A cryptocurrency like Bitcoin consists of a network of peers. Every peer has a record of the complete history of all transactions and thus of the balance of every account.

A transaction is a file that says, “Bob gives X Bitcoin to Alice“ and is signed by Bob‘s private key. It‘s basic public key cryptography, nothing special at all. After signed, a transaction is broadcasted in the network, sent from one peer to every other peer. This is basic p2p-technology. Nothing special at all, again.

 

 

 

The transaction is known almost immediately by the whole network. But only after a specific amount of time it gets confirmed.

Confirmation is a critical concept in cryptocurrencies. You could say that cryptocurrencies are all about confirmation.

As long as a transaction is unconfirmed, it is pending and can be forged. When a transaction is confirmed, it is set in stone. It is no longer forgeable, it can‘t be reversed, it is part of an immutable record of historical transactions: of the so-called blockchain.

Only miners can confirm transactions. This is their job in a cryptocurrency-network. They take transactions, stamp them as legit and spread them in the network. After a transaction is confirmed by a miner, every node has to add it to its database. It has become part of the blockchain.

For this job, the miners get rewarded with a token of the cryptocurrency, for example with Bitcoins. Since the miner‘s activity is the single most important part of cryptocurrency-system we should stay for a moment and take a deeper look on it.

 

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“In the next few years, we are going to see national governments take large steps towards instituting a cashless society where people transact using centralized digital currencies. Simultaneously, the decentralized cryptocurrencies – that some even view as harder money – will see increased use from all sectors.” – Caleb Chen London Trust Media

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What are miners doing?

 

Principally everybody can be a miner. Since a decentralized network has no authority to delegate this task, a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. Imagine someone creates thousands of peers and spreads forged transactions. The system would break immediately.

So, Satoshi set the rule that the miners need to invest some work of their computers to qualify for this task. In fact, they have to find a hash – a product of a cryptographic function – that connects the new block with its predecessor. This is called the Proof of Work. In Bitcoin, it is based on the SHA 256 Hash Algorithm.

 

 

You don‘t need to understand details about SHA 256. It‘s only important you know that it can be the basis of a cryptologic puzzle the miners compete to solve. After finding a solution, a miner can build a block and add it to the blockchain. As an incentive, he has the right to add a so-called coinbase transaction that gives him a specific number of Bitcoins. This is the only way to create valid Bitcoins.

Bitcoins can only be created if miners solve a cryptographic puzzle. Since the difficulty of this puzzle increases the amount of computer power the whole miner’s invest, there is only a specific amount of cryptocurrency token that can be created in a given amount of time. This is part of the consensus no peer in the network can break.

 

Revolutionary properties

If you really think about it, Bitcoin, as a decentralized network of peers which keep a consensus about accounts and balances, is more a currency than the numbers you see in your bank account. What are these numbers more than entries in a database – a database which can be changed by people you don‘t see and by rules you don‘t know?

 

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“It is that narrative of human development under which we now have other fights to fight, and I would say in the realm of Bitcoin it is mainly the separation of money and state.” 

– Erik Voorhees, cryptocurrency entrepreneur

 

 

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Basically, cryptocurrencies are entries about token in decentralized consensus-databases. They are called CRYPTOcurrencies because the consensus-keeping process is secured by strong cryptography. Cryptocurrencies are built on cryptography. They are not secured by people or by trust, but by math. It is more probable that an asteroid falls on your house than that a bitcoin address is compromised.

Describing the properties of cryptocurrencies we need to separate between transactional and monetary properties. While most cryptocurrencies share a common set of properties, they are not carved in stone.

Transactional properties:

 

1.) Irreversible: After confirmation, a transaction can‘t be reversed. By nobody. And nobody means nobody. Not you, not your bank, not the president of the United States, not Satoshi, not your miner. Nobody. If you send money, you send it. Period. No one can help you, if you sent your funds to a scammer or if a hacker stole them from your computer. There is no safety net.

2.) Pseudonymous: Neither transactions nor accounts are connected to real-world identities. You receive Bitcoins on so-called addresses, which are randomly seeming chains of around 30 characters. While it is usually possible to analyze the transaction flow, it is not necessarily possible to connect the real world identity of users with those addresses.

3.) Fast and global: Transaction are propagated nearly instantly in the network and are confirmed in a couple of minutes. Since they happen in a global network of computers they are completely indifferent of your physical location. It doesn‘t matter if I send Bitcoin to my neighbour or to someone on the other side of the world.

4.) Secure: Cryptocurrency funds are locked in a public key cryptography system. Only the owner of the private key can send cryptocurrency. Strong cryptography and the magic of big numbers makes it impossible to break this scheme. A Bitcoin address is more secure than Fort Knox.

5.) Permissionless: You don‘t have to ask anybody to use cryptocurrency. It‘s just a software that everybody can download for free. After you installed it, you can receive and send Bitcoins or other cryptocurrencies. No one can prevent you. There is no gatekeeper.

 

 

 

Monetary properties:

 

1.) Controlled supply: Most cryptocurrencies limit the supply of the tokens. In Bitcoin, the supply decreases in time and will reach its final number somewhere in around 2140. All cryptocurrencies control the supply of the token by a schedule written in the code. This means the monetary supply of a cryptocurrency in every given moment in the future can roughly be calculated today. There is no surprise.

2.) No debt but bearer: The Fiat-money on your bank account is created by debt, and the numbers, you see on your ledger represent nothing but debts. It‘s a system of IOU. Cryptocurrencies don‘t represent debts. They just represent themselves. They are money as hard as coins of gold.

To understand the revolutionary impact of cryptocurrencies you need to consider both properties. Bitcoin as a permissionless, irreversible and pseudonymous means of payment is an attack on the control of banks and governments over the monetary transactions of their citizens. You can‘t hinder someone to use Bitcoin, you can‘t prohibit someone to accept a payment, you can‘t undo a transaction.

As money with a limited, controlled supply that is not changeable by a government, a bank or any other central institution, cryptocurrencies attack the scope of the monetary policy. They take away the control central banks take on inflation or deflation by manipulating the monetary supply.

 

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“While it’s still fairly new and unstable relative to the gold standard, cryptocurrency is definitely gaining traction and will most certainly have more normalized uses in the next few years. Right now, in particular, it’s increasing in popularity with the post-election market uncertainty. The key will be in making it easy for large-scale adoption (as with anything involving crypto) including developing safeguards and protections for buyers/investors. I expect that within two years, we’ll be in a place where people can shove their money under the virtual mattress through cryptocurrency, and they’ll know that wherever they go, that money will be there.” – Sarah Granger, Author, and Speaker. 

 

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Cryptocurrencies: Dawn of a new economy

 

Mostly due to its revolutionary properties cryptocurrencies have become a success their inventor, Satoshi Nakamoto, didn‘t dare to dream of it. While every other attempt to create a digital cash system didn‘t attract a critical mass of users, Bitcoin had something that provoked enthusiasm and fascination. Sometimes it feels more like religion than technology.

 

 

Cryptocurrencies are digital gold. Sound money that is secure from political influence. Money that promises to preserve and increase its value over time. Cryptocurrencies are also a fast and comfortable means of payment with a worldwide scope, and they are private and anonymous enough to serve as a means of payment for black markets and any other outlawed economic activity.

 

But while cryptocurrencies are more used for payment, its use as a means of speculation and a store of value dwarfs the payment aspects. Cryptocurrencies gave birth to an incredibly dynamic, fast-growing market for investors and speculators. Exchanges like Okcoin, poloniex or shapeshift enables the trade of hundreds of cryptocurrencies. Their daily trade volume exceeds that of major European stock exchanges.

At the same time, the praxis Initial coin Distribution (ICO), mostly facilitated by Ethereum‘s smart contracts, gave live to incredibly successful crowdfunding projects, in which often an idea is enough to collect millions of dollars. In the case of “The DAO” it has been more than 150 million dollars.

In this rich ecosystem of coins and token, you experience extreme volatility. It‘s common that a coin gains 10 percent a day – sometimes 100 percent – just to lose the same at the next day. If you are lucky, your coin‘s value grows up to 1000 percent in one or two weeks.

While Bitcoin remains by far the most famous cryptocurrency and most other cryptocurrencies have zero non-speculative impact, investors and users should keep an eye on several cryptocurrencies. Here we present the most popular cryptocurrencies of today.

 

 

Bitcoin

The one and only, the first and most famous cryptocurrency. Bitcoin serves as a digital gold standard in the whole cryptocurrency-industry, is used as a global means of payment and is the de-facto currency of cyber-crime like darknet markets or ransomware. After seven years in existence, Bitcoin‘s price has increased from zero to more than 650 Dollar, and its transaction volume reached more than 200.000 daily transactions.

There is not much more to say: Bitcoin is here to stay.

Ethereum

The brainchild of young crypto-genius Vitalik Buterin has ascended to the second place in the hierarchy of cryptocurrencies. Other than Bitcoin its blockchain does not only validate a set of accounts and balances but of so-called states. This means that Ethereum can not only process transactions but complex contracts and programs.

This flexibility makes Ethereum the perfect instrument for blockchain -application. But it comes at a cost. After the Hack of the DAO – an Ethereum based smart contract – the developers decided to do a hard fork without consensus, which resulted in the emerge of Ethereum Classic/ Besides this, there are several clones of Ethereum, and Ethereum itself a Host of Several Tokens like DigixDAO and Augur. This makes Ethereum more a family of cryptocurrencies than a single currency.

Ripple

Maybe the less popular – or most hated – project in the cryptocurrency community is Ripple. While Ripple has a native cryptocurrency – XRP – it is more about a network to process IOUs than the cryptocurrency itself. XRP, the currency, doesn‘t serve as a medium to store and exchange value, but more as a token to protect the network against spam.

Ripple Labs created every XRP-token, the company running the Ripple network, and is distributed by them on will. For this reason, Ripple is often called pre-mined in the community and dissed as no real cryptocurrency, and XRP is not considered as a good store of value.

Banks, however, seem to like Ripple. At least they adopt the system with an increasing pace.

Litecoin

Litecoin was one of the first cryptocurrencies after Bitcoin and tagged as the silver to the digital gold bitcoin. Faster than bitcoin, with a larger amount of token and a new mining algorithm, Litecoin was a real innovation, perfectly tailored to be the smaller brother of bitcoin. “It facilitated the emerge of several other cryptocurrencies which used its codebase but made it, even more, lighter“. Examples are Dogecoin or Feathercoin.

While Litecoin failed to find a real use case and lost its second place after bitcoin, it is still actively developed and traded and is hoarded as a backup if Bitcoin fails.

Monero

Monero is the most prominent example of the cryptonite algorithm. This algorithm was invented to add the privacy features Bitcoin is missing. If you use Bitcoin, every transaction is documented in the blockchain and the trail of transactions can be followed. With the introduction of a concept called ring-signatures, the cryptonite algorithm was able to cut through that trail.

The first implementation of cryptonite, Bytecoin, was heavily premined and thus rejected by the community. Monero was the first non-premined clone of bytecoin and raised a lot of awareness. There are several other incarnations of cryptonote with their own little improvements, but none of it did ever achieve the same popularity as Monero.

Monero’s popularity peaked in summer 2016 when some darknetmarkets decided to accept it as a currency. This resulted in a steady increase in the price, while the actual usage of Monero seems to remain disappointingly small.

Besides those, there are hundreds of cryptocurrencies of several families. Most of them are nothing more than attempts to reach investors and quickly make money, but a lot of them promise playgrounds to test innovations in cryptocurrency-technology.

 

 

What is the future of Cryptocurrency?

The market of cryptocurrencies is fast and wild. Nearly every day new cryptocurrencies emerge, old die, early adopters get wealthy and investors lose money. Every cryptocurrency comes with a promise, mostly a big story to turn the world around. Few survive the first months, and most are pumped and dumped by speculators and live on as zombie coins until the last bagholder loses hope ever to see a return on his investment.

 

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“In 2 years from now, I believe cryptocurrencies will be gaining legitimacy as a protocol for business transactions, micropayments, and overtakingWestern Union as the preferred remittance tool.  Regarding business transactions – you’ll see two paths: There will be financial businesses which use it for it’s no fee, nearly-instant ability to move any amount of money around, and there will be those that utilize it for its blockchain technology. Blockchain technology provides the largest benefit with trustless auditing, single source of truth, smart contracts, and color coins.”  

– Cody Littlewood, and I’m the founder and CEO of Codelitt

 

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Markets are dirty. But this doesn‘t change the fact that cryptocurrencies are here to stay – and here to change the world. This is already happening. People all over the world buy Bitcoin to protect themselves against the devaluation of their national currency. Mostly in Asia, a vivid market for Bitcoin remittance has emerged, and the Bitcoin using darknets of cybercrime are flourishing. More and more companies discover the power of Smart Contracts or token on Ethereum, the first real-world application of blockchain technologies emerge.

The revolution is already happening. Institutional investors start to buy cryptocurrencies. Banks and governments realize that this invention has the potential to draw their control away. Cryptocurrencies change the world. Step by step. You can either stand beside and observe – or you can become part of history in the making.

 

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“If the trend continues, the average person will not be able to afford to purchase one whole bitcoin in 2 years. As global economies inflate and markets exhibit signs of recession, the world will turn to Bitcoin as a hedge against fiat turmoil and an escape against capital controls. Bitcoin is the way out, and cryptocurrency as a whole is never going away, it’s going to grow in use and acceptance as it matures.”

– Brad Mills: Serial Tech Entrepreneur 

South Africans defrauded of $80 million in Cryptocurrency scam

South African Police on Friday said that the authorities are investigating an alleged cryptocurrency scam that defrauded investors of 1 billion rand ($80 million).

The fraud, involving a company named BTC Global, was orchestrated with promises of huge returns that never materialised.

BTC Global allegedly told clients they would earn two per cent per day, 14 per cent a week and 50 per cent in a month.

Reuters reports Friday that a search for the company on the internet showed its services had been suspended. Although, the website lists Steven Twain as the “primary trader”, request for comment sent to an email address listed on the website as belonging to Twain received no response.

“Members of the public are believed to have been targeted as part of the scam and encouraged by agents of BTC Global,” the police said in a statement Friday.

“Some of the investors got paid in terms of the agreement. However, the payments suddenly stopped.”

“This may prove to be the tip of the iceberg with potentially thousands more yet to discover they’ve lost money,” police investigator Yolisa Matakata said.

On Thursday South Africa’s central bank said it was in the process of determining whether cryptocurrencies complied with its financial surveillance and exchange control regulations.

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography (the art of writing and solving codes) to secure its transactions, control the creation of additional units, and to verify the transfer of assets.

In March, the Central Bank of Nigeria (CBN) cautioned Nigerians to be wary of investments in the digital currency, stressing that virtual currencies are not legal tender in Nigeria.

FG Makes N50.45bn from Bonds Auction

 

The Federal Government has recorded N50.45 billion from its May bonds auction, lower than the N70 billion it targeted to raise, the Debt Management Office (DMO), has said. 

According to the auction result obtained from the DMO website on Thursday in Abuja, the Federal government made N3.50 billion from a five-year bond at 12.75 per cent.

It also made N8.54 billion from a seven-year bond at 13.53 per cent and N38.50 billion from its 10-year bond at 13.98 per cent, bringing the total amount realised from the May auction to N50.45 billion.

The DMO added that N14.99 billion of the 13.53 per cent for March 2025 and N14.99 billion of the 13.98 per cent for February 2028 were allotted on non-competitive basis.

It also said of the 101 bids, only 62 were successful, adding that the auction drew subscriptions of N89.82 billion.

Nigeria issues sovereign bonds monthly to support the local bond market, create a benchmark for corporate issuance and fund its budget deficit. (NAN)

Swiss authorities block bank accounts linked to Malabu Oil scam

The government of Switzerland has blocked several bank accounts in the country linked to the planned bribery trial of Eni and Shell executives in Milan, Italy, as it relates to the infamous Malabu oil scam.

On Monday, the office of the Swiss Attorney-General confirmed that at the request of public prosecutors from Milan, it has confiscated, assets and shared information with Italian authorities.

The trial of the executives, including former Eni’s Claudio Descalzi, and his predecessor, Paolo Scaroni, was originally slated for March but was moved to May after it was transferred to Milan.

Nigerian and Italian investigators accuse officials of both Eni and Shell of shady financial deals to secure a licence for the lucrative OPL 245.

Three separate bank accounts in Lugano, Basel and Geneva were blocked, according to media reports confirmed by prosecutors but they declined to reveal the value fo the seized assets.

In all, apart from Messrs Descalzi and Scaroni, 11 other people including two former top Shell managers, former Nigerian oil minister, Dan Etete and a series of middlemen and advisers are being probed.

Eni and Shell were also listed as corporate defendants in the case. Both oil companies have denied wrongdoing and expressed confidence that the trial would exonerate both the companies and individuals.

Apart from Mr Etete, a former Attorney-General, Bello Adoke, are amongst several Nigerians indicted in the deal, which was approved by ex-President Goodluck Jonathan, who also denies wrongdoing.

Despite price recovery, cost discipline remains key driver in oil, gas industry

 

The oil and gas industry has survived some tough years due to weak demand and low prices. While the low price lasted, oil and gas companies aggressively slashed capital expenditure (CAPEX) budgets, bringing drilling activity to a fraction of what it was at its peak.

Evidently, prices are beginning to recover. Crude oil futures recently hit a near three-and-a-half-year high, bolstered by geopolitical risk with July Brent crude futures trading as high as $80.18 per barrel.

“Supply overwhelmed the market but the Organisation of Petroleum Exporting Countries (OPEC) cooperation with non-OPEC oil producing countries helped to rescue the market which marked the beginning of oil price recovery”, said Ambrose Ojiako, Chairman, Seplat Petroleum Development Company at a recent breakfast meeting on “Emerging trends in oil and gas sector” organized by Olaniwun Ajayi Law firm.

OPEC’s “declaration of cooperation” with a group of non-OPEC oil producers did speed up the rebalancing of the international oil market and accelerated the stabilisation of the global oil market. The oil cartel, which along with 10 non-OPEC allies led by Russia, cut about 1.8 million barrels per day production which helped to draw down crude oil inventory levels.

As the oil and gas industry strengthens, with eyes on rising commodity prices, maintaining cost discipline remains a critical factor considering the profligacy that has always been associated with high oil prices in the past.

“There were a lot of financial indiscipline during the past boom period. Projects that needed 10-year loan were given 5-year duration loan. There was a huge compromise of balance sheet such that when the bust happened, the impact was not restricted to the oil and gas sector”, said Hakeem Adedeji, executive director at HydroCarbon Advisors.

Though in the past three years, oil and gas companies learned to live with the lower prices, a tighter capital spending program and a much stricter cost discipline, however, there is always that temptation to reset costs amidst the rising crude oil prices.

“There is still limited capital available locally, thus, increasing cost discipline cannot be over emphasised. I agree that there is a shifting dynamics with focus on leveraging producing assets and focusing one core business, but this is the age of prudence” said Rolake Akinkugbe-Filani, head, energy and natural resources at FBN Quest Merchant Bank.

Credit rating agency, Moodys, in a recent report, stated that “an increase in oil production and higher oil prices support Nigeria’s slow economic recovery and the 2.8 per cent growth we expect in 2018.” The agency, however, says that Nigeria’s economic recovery is cyclical and that the government will need to take further reforms to boost the economy.

 

Ify Ubah Seems to have no problems with nudes.

Nollywood actress, model and event host, Ify Ubah, worked as a banker before calling it quits to face acting in 2015. In this interview with JOE AGBRO JR., the 26-year-old actress and filmmaker who has starred in movies such as Kemi, Ajo-Obi, Gain Nothing, Beware, Not My Migh

How exactly did acting start?

Well, already I was a model. So, I already had friends who started going into music videos. I was a vixen in Koffi’s video too. And Koffi started producing his comedy TV series which I was part of. So, gradually when you’re in that circle, there would always be information. But because then, I was working, I will get the text message but I won’t be able to show up and things like that. So, it wasn’t really steady but when I finally made the decision, I just had to take this seriously as a career path. That was in 2015.

You studied Banking and Finance at the University of Lagos. How did you veer into acting and modelling?

Yes, I actually worked in a bank (laughs). I gained the banking experience because it’s good to do the theory but the practical is also important. But as I was in banking industry, atimes I would still do my modelling and try out one or two things. so, it’s a passion that has always been burning on the inside and at a particular point, I said ‘Ify, it’s time to make a decision because if you’re in banking industry, you really don’t have time for any other thing.’

When did you leave the bank?

That was first quarter, 2015. I finally made the decision that I should resign and focus on passion, acting.

And how long did you work in the bank?

I was there for three years.

Weren’t you scared making that move?

From school, I was a model and saw that the entertainment industry can be lucrative depends on how you position yourself and what you really want to achieve. So, I wasn’t scared to say I don’t want to do banking. I know it will need me to adjust for a while because of the comfort of the regular allowances and things like that. I think so far, I’m grateful I made the decision. It’s better to make the decision early and adjust early.

So, has acting been paying all the bills now?

(Laughs) It’s not only acting I do but acting on its own has been good and I’m happy. Since I do modelling jobs, event hosting.

So, two years of fulltime acting now. Has the acting world been what you expected?

Yes, it’s been wonderful. I’ve done interesting roles, leads, sub-leads, feature films and cinema movies. It’s been really an experience. I’ve travelled to different parts of Nigeria and meet different people. And learn from them. So, I’m really happy.

Are you looking at going into production?

Yes, I was able to do a short film, ‘Mirable’. Mirabel is the story of a teenage model. She had aspirations to be a model and had to get her father’s approval. Well, the father didn’t want to give her the approval because of his experience with her mother which she did not know because her mother abandoned her to be a model. So, it’s a family movie with its twists and turns.

So, what informed you doing it?

It was a story that a friend brought to me. She was like, ‘Ify, I think since you also say you’ll like to try out filmmaking’ and I just said, ‘fine, let’s just try it.’ And it came out well. It was an experience managing people for six, seven days on a movie set, technical challenges, the camera, location, accommodation, welfare. It’s like you’re the mother of so many toddlers and they’re like, ‘I want this, I want that.’ And I was happy that my crew were so supportive of me. They’re part of the EXCOs of the Actors’ Guild of Nigeria (AGN), Lagos.

There is a thing about models being perceived of as women of easy virtues as they get to flaunt their bodies

Well, my first appearance on the runway was in a mesh top. And for people into fashion, if you know what a mesh top is, it’s more like a fish net. But, most people feel nudity is pornography when it comes to modelling but it’s not the same. People in the entertainment industry are among the most disciplined people. I think I can say that because I’ve worked in different sectors. Some of them are really hardworking and that they show parts of their body is for a reason. It’s what the designer wants to do. The body of a model is merely like a ‘hangar.’ It’s like a mannequin. You’re not meant to look at the mannequin. You’re meant to admire the outfit, the art of what the designer is trying to do.

So, how far are you willing to express nudity for art sake?

Yeah, nudity for art sake, it depends on what it’s for. Certainly, it’s not pornography but at least the message should be important. And we should know the target audience and if the audience is ready to receive it. But I think in Nigeria, the entertainment audience are beginning to be more open-minded to see the difference between the two. So, for me, I don’t have an issue on nudity but it should have a reason. A woman should not just go and be nude, either on runway or for photography.

Has there been any reason for you to go nude?

No, I haven’t done any nude job or role. But I don’t frown at it. I know I’ve seen some people that have done it. For me, I really don’t have issues with them.

Is Ify Ubah married, single, divorced or widowed?

I’m single for now but searching hopefully I find someone.

Really? A beautiful lady like you, why?

I have no idea.

Or are you being choosy? What do you look for in a man?

I don’t think I’m overly choosy. What I look for in a man is someone loving, caring, supportive of what I do. Yes, because I know most mentality of most men is they are not too comfortable with the entertainment industry. But for me, you have to be supportive of what I do, encouraging and also God-fearing.

Okay, tell me about growing up?

I was born in Lagos, Ikeja. Growing up, Ify was a quiet person, a bookworm. I still like to read. We’re three, my sister (first born), my brother and me. My sister was mostly in boarding school so, it was just me and my brother in the house. Everyone will say Ify is quiet.  Well, not so many friends when I was growing up. But right now, it’s different. More friends, more outings.

So, you’ve overcome being shy

Most people think I was shy. But I don’t think really I was shy. So, maybe it was something inside that needed to come out but it was taking the opportunity to come out. I guess maybe being in a school like Unilag and having the opportunity to go through the beauty pageantry, maybe, it just brought out something I never knew was inside.

Tell me about the beauty pageantry

Yes, I did Miss Unilag in my first year. You know, when you’re in first year in school, you feel you have all the time in the world. Miss Unilag is usually like an annual thing held by the Student Union. Normally, when I’m walking to class from the hostel, they’re usually large shouts from the male hostel like ‘Agbani Darego’. Then, I was super skinny and walking to the hostel. Gradually, Maybe because I was in Business Administration, some of those people in the Student Union were also in Arts. For one reason or the other, they scouted me and they kept asking me, ‘are you a model?’ I didn’t really take it seriously. It was when people like Bayo Haastrup started coaching us on walking, cat walking, beauty pageant walk, that was when I said, ‘this is really serious.’ Then, we went to camp at Unilag Guest House. I didn’t win but I learnt a lot. I made very important contacts that helped me starting as a model, getting runway jobs, things like that.

Tattoos on your body

Yes, I love my tattoos. It’s personal to me, you know, put things that I like. I love arts and put things that mean things to me. It’s not just that just drawing anything or writing anything or writing ex-boyfriends’ names. I just put things that I always want to remember, that I always want to think about because atimes, life gets a bit too busy or crowded.

How do you relax?

I like to read, I like to keep learning new things, I like to play all genres of music. I try to write but maybe the environment is too noisy here. I think I read about writing but I haven’t gotten to writing even half a page but I keep reading about writing on Pinterest. And I think I would like photography because it’s something I’ve been downloading, learning to photograph, finding the light.

t talks about acting, women empowerment, and other issues. Excerpt

Cee-C praises her dad on his birthday, calls him ‘world-class dad’

   It appears Cee C is a new person as she has been trying to make her fans believe. After the daily dosage of ‘double wahala’ she gave millions of Nigerians back in the Big Brother house, a lot of people simply wrote her off. Somehow, the former housemate is using the gram to her advantage, showing only what needs to be seen. On Thursday, May 24, the House of Lunettes ambassador shared a photo of herself and her dad while wishing him happy birthday with praises. While everyone loved the father-daughter adorable photo, many were surprised to see how Cee C now treats her dad. In the Big Brother a little over a month ago, the ‘double wahala queen as some Nigerians call her on social media was calling out her dad and warning him against saying anything when she leaves the house. Surprisingly, they are now best buddies.

CBN injects additional $100mn Forex to cater for pilgrims

The Central Bank of Nigeria (CBN) on Thursday injected additional $100 million into the foreign exchange market (Forex) barely 24 hours after making available $210 million on Wednesday.

 

The Central Bank of Nigeria (CBN) on Thursday injected additional $100 million into the foreign exchange market (Forex) barely 24 hours after making available $210 million on Wednesday.

The bank said in a statement  that the additional injection of funds was to cater for the personal needs of Nigerians who may want to travel to fulfill personal obligations, particularly for pilgrimage.

The bank said the move was to safeguard the interest of customers seeking to purchase foreign exchange for personal obligations and checkmate any attempt at causing panic in the market.

On Wednesday, $210 million was allocated to the wholesale segment of the market, to take care of the the spike in the seasonal demand for foreign exchange to meet various personal obligations.

The statement said the CBN plans to inject more dollars into the market in the coming days, to checkmate any attempt to trigger artificial scarcity.

The CBN spokesperson, Isaac Okorafor, said the decision to inject fresh funds became necessary to protect customers from the activities of speculators who might want to capitalise on the increase in demand for foreign exchange at this time to make brisk gains.

Noting that the CBN had sufficient foreign exchange to meet genuine needs, Mr Okorafor cautioned dealers against speculation.

He warned that they stood to lose much if they chose to hoard currencies in anticipation of a spike and a depreciation in the value of the Naira.

On Wednesday, the CBN frowned at the action of some banks that reportedly refused to sell FOREX to customers requiring the currency for the purpose of religious pilgrimage or embarking on personal and business travel allowance (PTA/BTA).

‘I’m tall, he’s a little shorter’: Cristiano Ronaldo doesn’t see comparison with Mohamed Salah as they prepare to meet in Champions League final

cristiano Ronaldo has rejected any comparison with Mohamed Salah as two of the major stars of European football prepare to clash in this Saturday’s Champions League final.

Both Ronaldo and Salah have been in inspirational form for their respective clubs this season, with the former scoring 43 goals for Real Madrid and the latter hitting 44 for Liverpool.

Though both he and Salah are tipped to be in the running for the 2018 Ballon d’Or, Ronaldo says there is no comparison to be made between them, pointing towards their differing stature as a prime example.

Speaking to BT Sport, Ronaldo said: ‘People want to compare me with other players, I am different to everyone. Salah is different to everyone. So we are different.

‘He plays with the left, I play with the right, I’m tall, he’s a little bit shorter. I play with my head, you know – we are completely different. But I have to say he has had a fantastic season, but Saturday, let’s see.’

While Salah will be looking to win his first major European title, Ronaldo is hoping to lift the big-eared trophy for an incredible fifth time – a feat that would put him in the history books as the competition’s most successful player.

 Ronaldo can make history with a fifth Champions League win, which would be a new record

Always hungry for individual accolades, Ronaldo says it would be a ‘dream’ come true to set a new landmark for most Champions League wins by an individual player and says he is completely focused on the task in hand.

‘It is a special competition, in terms of me as an individual. I love to play in the Champions League.

‘It will be a dream if we, and I personally win my fifth Champions League. It will be unbelievable. I just want to be focused on Saturday and try to win this amazing trophy.’

 Ronaldo will be looking to win his fifth Champions League trophy and fourth with Real Madrid

Falz – This Is Nigeria…

Super creative act – Falz is always pushing the envelope with his content and he does it again once more.

He draws inspiration from Childish Gambino’s trending single – “This Is America” as he debuts the Nigerian version “This Is Nigeria”.

Falz never shy away from addressing the ills of our society and he does that once more on this song.

Enjoy!

Watch video

Naira maintains rate against Dollar, Euro, slips against Pound

The local currency maintains the same rate against Dollar and Euro at parallel market.

The local currency, however, slipped against Pound

The Naira closed at N366 to a Dollar, N430 to Euro while the Pound traded at N500 .          The Nigerian Naira on Friday, May 25, retained its depreciated rate at the parallel market against Dollar. According to Halifsblog.com findings, the local currency maintained the same rates of N366 against Dollar and N4308 against Euro as it was yesterday, May 24.

Halifsblog.com earlier reported that the Central Bank of Nigeria (CBN) made available 210 million dollars to meet customers’ requests in various segments of the foreign exchange market, Isaac Okorafor, the acting Director, Corporate Communications (CBN) said in a statement. Okorafor stated in the statement on Wednesday, May 23, in Abuja that CBN offered 100 million dollars to authourised dealers in the wholesale segment of the market.

CHAMPIONS LEAGUE FINAL :From Merseyside to Madrid, the nine players to play for Liverpool and Real ahead of the Champions League final

XABI ALONSO

A Champions League winner both at Liverpool and Madrid but it’d surely be the miraculous 2005 final in Istanbul with the Reds that would edge it for Alonso. He scored Liverpool’s third goal – the equaliser – from a rebound after missing a penalty.

The Spain midfielder had five years at Liverpool before moving back to his homeland with Madrid for six seasons.

‘I have feelings for both clubs,’ Alonso said ahead of the final. ‘I was lucky enough to win this trophy with both clubs so for me it’s difficult to pick one and I will be happy whatever happens.’

NICOLAS ANELKA

Anelka’s time at Real Madrid was unsurprisingly awry; he didn’t score in the first five months and had a bust-up with manager Vicente del Bosque but found the net in both legs of Madrid’s Champions League semi-final against Bayern Munich and started in the final in Paris against Valencia, which Madrid won 3-0.

He only ever played for Liverpool on loan, joining in December 2001 and impressed until the end of the season. But curiously, Reds boss Gerard Houllier opted to sign El-Hadji Diouf in the summer of 2002 instead.

ALVARO ARBELOA

Arbeloa began his career at Real Madrid but only made a couple of first-team appearances before leaving for Dpeortivo La Coruna in 2006.

He was signed by Rafa Benitez a year later and his Liverpool first start came away to Barcelona in the Champions League. Benitez fielded him at left back rather than his usual right to negate Messi cutting inside on his left foot. The plan worked, Liverpool won 2-1 and eventually progressed into the quarter-final.

Arbeloa returned to Madrid from Anfield in 2009 and spent seven years there, winning La Liga once and the Champions League twice.

 Alvaro Arbeloa was tasked with silencing Lionel Messi in his early days at Liverpool

 He renewed his rivalry with the Barcelona star during his days as a Real Madrid player

JERZY DUDEK

At Liverpool, Dudek will forever be a hero for his display in the 2005 Champions League final. Not only did he pull off a wonder save from point-blank range to deny Andriy Shevchenko in extra time, but he replicated Bruce Grobelaar’s wobbly legs in the penalty shoot-out to seal Liverpool’s fifth – and latest – Champions League title.

Pepe Reina’s arrival that summer demoted Dudek to No 2 and he left Liverpool for Madrid ahead of the 2007-08 season, arriving as back-up to Iker Casillas. He played for Madrid for three seasons and worked under Jose Mourinho before leaving in 2011.

 Jerzy Dudek will forever be a Liverpool hero after his role in the Champions League final

 Dudek later moved to Spain and joined Real Madrid as a back-up to first choice Iker Casillas

STEVE MCMANAMAN

McManaman left Liverpool for Spain on a free transfer in 1999 and starred in their Champions League final victory over Valencia in 2000, before lifting the trophy again two years later when Madrid defeated Bayer Leverkusen in Hampden.

Despite the success of his time in Madrid, McManaman will be supporting his boyhood side at the weekend and believes the three-pronged attack of Roberto Firmino, Mohamed Salah and Sadio Mane can prove the difference.

‘They know whether they are watching quality or rubbish,’ McManaman said about Liverpool fans. ‘But, right now, they are seeing quality. Of course they can win it. With that front three? Dear me.’

 Steve McManaman came through the ranks at Liverpool but departed for Madrid in 1999

 In the white of Madrid, McManaman lifted the Champions League on two occasions

FERNANDO MORIENTES

At Madrid, Morientes partnered Raul in attack during eight trophy-laden years at the Santiago Bernabeu. He had three Champions League titles and two La Liga medals when he arrived at Anfield, via a loan spell at Monaco, in January 2005.

He started brilliantly in England, following up a fabulous first goal in a 2-1 comeback win against Charlton with a towering header against Fulham at Anfield.

But from then on, he struggled for goals. When he left Liverpool in 2007 for Valencia, his record was 12 goals in 61 games.

 Fernando Morientes won the Champions League three times as a Real Madrid player

 Morientes pictured celebrating the first of the 12 goals he scored as a Liverpool player

MICHAEL OWEN

Synonymous with Liverpool, where he scored 158 goals in 297 games after bursting into the first-team as a 17-year-old. He won the European Footballer of the Year gong in 2001, the then equivalent of today’s Ballon d’Or.

Owen departed Liverpool for Madrid for £8million plus Antonio Nunez in 2004, the summer Benitez became Liverpool boss, with a year left on his contract. In a solitary season in Spain, he scored 15 goals in 40 matches before returning to the Premier League with Newcastle.

‘I loved playing at Real Madrid,’ Owen told Marca. ‘ I think I started 20 games, and I was substitute for the same amount. But it was almost impossible for anyone to play all the minutes of all the matches with Raul, Ronaldo, Morientes.’

 Michael Owen scored an impressive 158 goals in 297 games as a Liverpool striker

 In his only season in Madrid, Owen scored 15 goals in 40 matches before returning to England

FCMB promo produces four millionaires

Four new millionaires yesterday emerged in the first draws of First City Monument Bank’s (FCMB) bumper reward scheme, tagged, ‘ ‘FCMB Millionaire Promo Season 5 .

Also, 640 other customers of the bank won various exciting gifts, ranging from LED televisions, power generating sets, decoders, tablets, smart phones and other consolation prizes.

The winners emerged through electronic selection of qualified customers at a colourful ceremony held at the four regions and 25 zones that make up the financial institution’s footprint. In attendance were officials of the National Lottery Regulatory Commission, Consumer Protection Council, community leaders, thousands of customers of the financial institution and other dignitaries.

At the Lagos regional draw which took place at the Sanusi Fafunwa branch of the Bank in Victoria Island, Lagos, Mourence Oluwatoyin Ibitola emerged winner of N1million, while Mr. Murphy Onminyi won N1million at the Abuja/North regional draw held at Wuse Zone 4 in Abuja. In addition, Binabi Miller smiled home with N1million at the South-East/South-South draw held at Effurun town in Delta State, just as Mrs. Moriliat Ajerinola was rewarded with the same amount at the South-west  regional draw that took place at Ojoo branch of FCMB in Ibadan, Oyo state. One of the winners of N1million, Mrs. Moriliat Ajerinola, a teacher, commended FCMB.

According to her, ”I am on top of the world. This is a marvellous experience. To FCMB, thank you very much and God will continue to bless the bank”.

The ‘FCMB Millionaire Promo Season 5″, which commenced in March and will run till October 2018, is part of the various initiatives of the financial institution to reward customers for their loyalty and patronage during the year. It is targeted at all segments of the society and for existing as well as potential savings account customers. The eligible products or accounts for the promo include FCMB basic savings, kids account, Nairawise, e-savings and premium savings.

Speaking on the latest draws of the promo, the Executive Director, Retail Banking of the Bank, Mr. Olu Akanmu, said, “we are delighted to produce another set of millionaires and winners of varuous gift items. We will continue to reward and enhance the experience of our customers through this promo and other offerings that will further empower and add value to them. All they need to do to be a winner in the promo is to keep on saving with FCMB”.

Nigerian family disowns daughter seeking to marry another woman!

A Nigerian family has disowned one of their own after they found out that she wants to marry another woman- The daughter who was disowned had approached a marriage registry to seek approval for a marriage with another woman- She was denied and her family shared a public notice to announce that she has been disowned for her decisionDespite Nigeria’s law against same-sex marriages, many couples have come out to announce that they are in a same-sex relationship, but it is not common for same-sex couples to request for marriage.A young lady identified as Shalom Shoremi from Ogun state has been disowned by her family after she approached a federal marriage registry to request approval for a marriage with her partner.The family severed all ties with her and released a newspaper advert to announce their decision.

CHAMPIONS LEAGUE FINAL

Excitement among Liverpool fans is really starting to build ahead of the eagerly-anticipated Champions League final against Real Madrid on Saturday.

Liverpool fans, in their thousands, have made the arduous journey to sunny Kiev for what will be an occasion to cherish and they are clearly making the most of their trip at the moment.

Despite the cost and length of the journey to watch their side in a European Cup final, it hasn’t stopped Liverpool fans from having a grand time in Kiev.

They have been snapped singing along to Liverpool chants, while enjoying a drink in their hand outside the local pubs.

They are making themselves known and painting Kiev red by hanging up their Liverpool flags all over the pubs and walls on the eve of the showdown at the Olympic Stadium.

Liverpool have reached their first Champions League final since 2007, where they lost 2-1 to AC Milan in Athens.

Jurgen Klopp’s side remarkably progressed to the final, having seen off Porto, Manchester City and Roma in the knockout stages.

They go into the final in fine form but come up against a side that are searching for a third straight Champions League title.

Madrid, who beat Atletico Madrid and Juventus in their previous two finals, have endured a difficult but extremely successful route to Kiev.

Cristiano Ronaldo and Co have beaten French champions Paris Saint-Germain, Italian champions Juventus and German champions Bayern Munich in the knockout rounds.

More people embracing farming as Business! – Ruwase

 

More farmers have turned out to be registered as members of the Lagos Chamber of Commerce and Industry.

The President, LCCI, Mr. Babatunde Ruwase, disclosed this on Wednesday during the 2018 induction ceremony into the chamber in Lagos.

Ruwase noted that this was a sign that people had started recognising farming as business.

He said, “Farming business was not what people liked to do but today, 20 farmers have joined the chamber out of the 105 new members admitted.  They are tractor assemblers, tractor hirers, and people who are producing drugs for farming.

“This is an indication that many people are embracing farming as business.”

He said that 105 members were inducted making it the largest number of new members admitted into the chamber in recent times.

Ruwase said, “A good number of them are graduates of  our mentoring programme that prepares young men and women  to go into business.

“We also have people from the Information and Communications Technology sector and real estate.

“Real estate is the barometer of measuring recession. If more people are going into the real estate business, it means that indeed we are coming out of recession.”

According to him, the members have stated their expectations from the chamber and he is studying them to see how best to meet those expectations.

He advised members on how to maintain the  tradition of the  chamber which involves high ethical standards, integrity, and good corporate governance in business practice.

He said, “As businessmen and women, we have obligations which transcend profit making. We should pay adequate attention to integrity in our business transactions and practices.”

Earlier in his welcome address, the Chairman, Membership Welfare Committee, Mr. Soboma Ajumogobia,  disclosed that the companies had fulfilled all criteria to become members of the chamber.

He urged members to participate in all activities of the chamber and pay their subscription dues promptly.

“I will like to reiterate the need for high quality representation at the level of chief executive officers and managing directors or at least at the senior management level in participating in the activities of the chamber.

Ambode grants LASU’s best graduating student scholarship, N5m

Lagos State Governor, Mr Akinwunmi Ambode has granted the best graduating student of the Lagos State University a scholarship for Masters Studies abroad and five million naira.

The offer was in response to the plea of the student, Ogunsanya Fuhaf Adetoro, who during his valedictorian speech sought an opportunity for his Master’s degree program abroad.

Adetoro, who is of the Faculty of Management Sciences, was announced as the best graduating student at the 22nd convocation ceremony held at the Auditorium Complex of the University in Ojo having scored CGPA 4.78

He recalled his stay on the campus through sheer hard work and determination which he deemed important to honour his parents.

Responding to Adetoro’s request for scholarship to go for masters’ study outside the country, Governor Ambode said he would personally finance the student’s education in any university of his choice anywhere in the world.

“In response to the best graduating student’s request, Lagos State Government does not generally give scholarship anymore but only bursary. So, I adopt him.

“His story is too compelling and it reflects on my own story. So, any university he wants to go, I will do it personally; I will be responsible.

“In addition to that, because he is the best graduating student, I dash him N5million,” Governor Ambode who is the visitor to the institution said.

The cash award and scholarship is in addition to the one hundred thousand naira Adetoro already got for being the best graduating student.

The Governor said occasions such as university convocation deserved necessary attention as the future of any nation could only be guaranteed when its youths, who form a majority of the population, are educated enough to contribute to the economy and the continued sustenance of the country.

Recalling the pledge to construct 6000 capacity hostel for the institution, Governor Ambode said it was gratifying to report that preliminary works had already been concluded on the project, while work would start in few months, adding that other ongoing projects in the university were on course and would also be delivered on schedule.

“Our State has always been a trailblazer in various spheres of life and in order to consolidate on the economic gains made so far, the education of our youth is paramount.

“We seek the cooperation of all Lagosians to ensure we eradicate illiteracy in the State, groom the next generation of leaders and captains of industry as well as position our State as the standard bearer for the nation in the provision of qualitative tertiary education,” the Governor said.

Besides, Governor Ambode said he was encouraged by the successes so far recorded through Ready.Set.Work (RSW), an initiative of the State Government targeted at equipping penultimate and final year students of public tertiary institutions in the State with employability and entrepreneurship skills.

While lauding LASU management, staff and students for the feats recorded by the institution, Governor Ambode assured of continuous support in ensuring accreditation of courses and completion of all ongoing projects in the University.

In his opening remarks, Chancellor of LASU, Justice Adesola Oguntade (Rtd) lauded Governor Ambode for the RSW initiative introduced by the present administration in the State, saying it was gratifying that the scheme keeps getting bigger and better.

He said the initiative had turned out to be a game changer in the lives of students, adding: “It is rapidly changing the thinking of students from being job seekers after school to job producers even while in school.”

Besides, Oguntade charged the graduands to make integrity their watchword, broaden knowledge by reading very well, be bold to take risk and never be afraid of failure, just as he urged them to strive to create a better world for incoming generations.

Also, LASU Vice Chancellor, Professor Olanrewaju Fagbohun said the graduands have been found worthy in learning and character, saying they have been adequately schooled to contribute to the development of the country.

He said due to reforms put in place, the institution ranked first among state universities in the 2018 maiden edition of National Universities Commission (NUC) ranking, while LASU was also selected by NUC as lead institution for the development of blueprints on how to ensure health security by 2050 and blueprint for transportation in Nigeria.

He lauded Governor Ambode for the various initiatives designed to promote education in the State and projects executed in LASU especially the RSW through which over 1500 students of the institution had been trained in employability and entrepreneurship skills and Code Lagos programme, among others.

A total of 29,710 students graduated with 201 awarded diploma; 21,481 first degrees; 7982 Post Graduate Diploma (PGD); and 46 Doctorate Degrees. In all, 26 students graduated with first class

Man divorces his new wife 15 minutes after being tied together in marriage

A shocking incident has occurred at a wedding in Dubai. A couple has gotten a divorce fifteen minutes after they tied the knot. The groom had reportedly asked for the divorce after his bride’s father insulted him by demanding for the bride price at the wedding. The groom had agreed to pay a bride price of Dh100,000 (N9,814,000). It was gathered that the groom had agreed to paying half of the bride price Dh50,000 (4, 907,000) and pay the other half later. The groom kept up the end of the bargain but the bride’s father grew impatient and asked for the other half.

He felt insulted and embarrased by the series of demands and called off the marriage fifteen minutes after signing the contract. According to the lawyer who handled the case, the groom had stated that he was no longer interested in the lady. He said: “He told the bride’s father that he did not want his daughter as his wife and divorced her in less than 15 minutes from signing the marriage contract.”

It was gathered that despite the fact that it was strange to divorce 15 minutes after marriage, the incident was not the first to occur in Dubai. In 2012, a groom had divorced his bride because the father demanded that she be allowed to work after marriage.

Nicki Minaj trolls fan who asked her if she was dating rap legend, Eminem, by saying yes!

Nicki Minaj trolled a fan who asked her if she was dating rap legend, Eminem.

Nicki had taken to her page to promote a new single she’s featured on, YG‘s ‘Big Bank‘, alongside 2 Chainz and Big Sean, where she rapped about Eminem and the fan asked her if she was dating Eminem to which she said yes.

Nicki, was most recently romantically linked to 44-year-old rap veteran Nas, after dating rapper Meek Mill.

Buhari receives 2018 Appropriation Bill

President Muhammadu Buhari on Friday night received the 2018 Appropriation Bill passed by the National Assembly.

Senate President Bukola Saraki had promised on Thursday night that the document will get to the President for assent on Friday.

The Senior Special Assistant to the President on National Assembly matters (Senate), Senator Ita Enang, confirmed on telephone that the budget has been transmitted to the executive arm of government.

He said: “I can confirm to you that the budget has left the National Assembly.”

Asked about the destination of the document, Enang added: “When the budget leaves the National Assembly, it goes to the President. The President has received the budget.”

A statement later issued by Enang reads “The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang, has acknowledged receipt of the 2018 Appropriations bill passed by the National Assembly.

‘Ita Enang, in a statement signed on Friday evening, said he has received the 2018 budget passed by both chambers of the house and is set to be transmitted to President Muhammadu Buhari.

He said: “I have received the 2018 appropriations bill for onward transmission to the President as soon as possible.”

“Since the appropriations bills has received, what is left is for it to be transmitted immediately to the President”, he added.