See what Bloomberg wrote about Devaluation of the Naira

International business website, Bloomberg, has written a new article on the recent devaluation of the Naira. According to the magazine, the excitement from the devaluation is shortlived as the Nigerian economy has since sunk further. 

Read the article below:

Optimism that a devaluation of Nigeria’s naira would breathe life into the country’s banking stocks faded almost as quickly as it started.

The central bank’s abandoning of a 16-month currency peg was greeted with a world-beating rally in the nation’s shares on expectations foreign investors would return to Africa’s largest economy. It didn’t last, with all but two of the country’s biggest banking stocks falling since the naira started trading freely on June 20.

PHOTOs: Nigerian migrant graduates with First Class degree from Cambridge University

A young Nigerian migrant Sogo Akintaro recently graduated from Cambridge University with a first class degree in Economics. On his Facebook page on June 26, Akintaro wrote:

"Being a first generation migrant, a black male living on a council estate in South London, it's fair to say that I wasn't 'supposed' graduate from Cambridge University with a First Class degree in Economics.

Raheem Sterling slam for showing off his wealth few days after disastrous performance in #EURO2016 (PHOTOs)

After a terrible performance at the #EURO2016, 21-year-old England and Man City player Raheem Sterling was seen showing off his multi-million pound Cheshire mansion and fleet of super cars in a video shared on Snapchat.

Fans have criticized the £49m winger as the show off on snapchat comes days after England were sent crashing out of Euro 2016 following an embarrassing defeat to Iceland...

Sterling can be seen taking his friends on a tour of a luxury home, showing expensive cars outside, including a red Ferrari and a Range Rover 4x4, before he then shows his pals a luxury bathroom padded with crystals then takes them to a huge cinema room.

Beautiful Photo and Outfit of Munachi Abii ... Ladies you would love this dress!

I am so much in love with this dress ... Her smile is just stunning!

Olisa Metuh has agreed to return N400m To Show Support For Buhari’s Anti-corruption War

Olisa Metuh, former spokesman of the Peoples Democratic Party (PDP), says he is ready to return the “contentious” N400m as a sign of support for President Muhammadu Buhari’s anti-corruption war.

Metuh said this in a statement by his lawyer, Onyechi Ikpeazu (SAN), on Thursday.

The former PDP spokesman is facing trial at the federal high court, Abuja for allegedly receiving N400m being money for arms purchase from Sambo Dasuki, former national security adviser (NSA).

He  had said that the money was given to him by former President Goodluck Jonathan for media campaigns ahead of the 2015 presidential election, but on Thursday, he said he was willing to return the money as an honest citizen.

Boko Haram Suicide Bomber attach leaves 11 dead

A suicide bombing by a Boko Haram jihadist has killed 11 people in northern Cameroon, a provincial governor said Thursday, warning civilians not to breach special security measures aimed at preventing such attacks.

It was the latest in a spate of raids blamed on the Nigeria-based Islamist militant group in the area, which have driven tens of thousands of people from their homes.

A security source said the attacker blew himself up in the town of Djakana near the Nigerian border overnight. “Seven people were killed immediately, including the bomber,” the source said, adding that most of the victims were members of a local vigilante group tasked with hunting down Boko Haram fighters.

Wow Toke Makinwa look so different on cover of Glam Africa Magazine’s Power issue

View Pictures on Slides

Nigerian TV, radio and YouTube sensation,Toke Makinwa is featured on the cover of the Summer 2016 edition of Glam Africa Magazine. Aptly called the Power edition, the magazine speaks to Toke about her recent challenges and how she overcame them to maintain her crown as Nigeria’s top social media personality. Toke is on a mission “to showcase ‘New Africans’ who are working hard and creating their own wealth and affluence” and she shares the secrets behind that in her interview.

Nollywood Director and Filmmaker Caesar Oruade and wife welcome a set of twins

Nollywood filmmaker and Director with Jeta Amata Concept Caesar Oruade and wife welcomed a set of twins on June 28. The new father shared the photo on his Instagram page with the caption:

"With so much Joy in my heart, I want to welcome our heir and hero to planet earth, How wonderful you are O God Jehovah. You blessed me with Ayana Saunders and blessed us with our little royals. With love and praises to God of the Universe we say welcome Emperor and Empress! Your rule begins now."

EFCC Witch Hunting Agency – Bishop Sam Oyede reacts over Freezing Of Fayose’s Account

The president of God’s Fountain of Life Bible Mission International Incorporated, Delta State, Bishop Sam Oyede, has reacted to the freezing of Ekiti State Governor, Ayodele Fayose’s personal bank account by the Economic and Financial Crimes Commission, EFCC.

Oyede warned the commission to stop heating up the polity by posing as witch hunting agency adding that it was unconstitutional for the anti-graft agency to be stepping beyond its bounds.

Recall that Fayose recently had his personal accounts in Zenith Bank, Ekiti branch frozen by the EFCC over allegations that monies meant for the purchase of arms were paid into the accounts by the office of former national security adviser, Sambo Dasuki.

Photo Archives: Late 50th Ooni of Ife - Oba Okunade Sijuwade pictured with Fmr Argentine President Carlos Saúl Menem & Obafemi Awolowo

The first side photo above shows the Late Ooni of Ife; Oba Okunade Sijuwade being received by President Carlos Menem of Argentina at the Casa Rosada in Buenos Aires and the second side photo is the Late Ooni and Obafemi Awolowo at the coronation of the Olu Of warri in 1987.

(PHOTOs) Ex Model Kate Moss display nipples as she enjoys romantic outing with 29 yr old BF

Ex-Top model Kate Moss showed off her nipples in a transparent bra as she holidayed with 29-year-old beau Nikolai von Bismarck in Venice, Italy.

17 years old Brooklyn Beckham enjoys romantic trip with Girlfriend Chloe Grace Moretz

View Multiples Pics of their Vacation in Slides

David Beckham's son Brooklyn, showed his romantic side as he held the hands and gazed into the eyes of girlfriend Chloe Grace Moretz,19, on Wednesday at JFK Airport in New York City after having a romantic trip together. 

Gay men assaulted in Cote d’Ivoire for sympathizing with Orlando victims

Six gay men were attacked in Cote d’Ivoire and forced to flee their homes after they were pictured signing a condolence book for the victims of the recent attack at a gay nightclub in Orlando, Florida early this month. The U.S. embassy in the country had hosted an event a fortnight ago to honor the Florida victims and published a photo of the six men on its website with the caption: ‘LGBT community signing the condolence book’. 

33-year-old Woman Raped, Murdered In Edo Community

The Police in Delta state has confirmed the rape and murder of a woman identified as Akhere Emujede at Ubiaja town, headquarters of Esan South Local Government.

The corpse of the 33-year-old was reportedly dumped in a church within the locality.

Eyewitnesses, who spoke at the scene, said the victim’s throat was slit and vital organs removed from her body.

The Nation reports that she attended a church programme at a neighbouring village when she raped by unknown men and killed.

This current killing brought cases of suspected ritual killings in Ubiaja to seven within six days.

Abandon Sick Girl ... Does anyone know her?

The little girl who appears to be sick was dumped on the roadside at Alimosho area of Lagos state this morning. Police officers who found her took her to the Alimosho general hospital and handed her over to the nurses there.

Corp Members serving in Kano Protest Over Unpaid Allowances

A mild drama played out on Wednesday in Kano State as Batch A stream 2 National Youth Service Corps members in Karaye staged a protest over unpaid allowances, which disrupted their Passing Out Parade, POP.

The protesters disrupted the passing-out-parade attended by the state Commissioner of Information, Moh’d Garba.

The corps members lamented they were yet to receive their first allowance which is usually paid before the end of every orientation camp.

BIZARRE! Mortuary Attendant explains how he only have sex with dead bodies (VIDEO)

A Cameroonian man, Sharkan Lucas, on Wednesday made shocking revelations on how he took to having sex with dead bodies due to constant rejection from ladies because he works as a mortuary attendant.

Lucas, an attendant at Korle-Bu Teaching Hospital, insisted he was mentally stable. Speaking on Ghanaian TV station ADOM TV, the mortician claimed that sleeping with the dead women (an act called necrophilia) was part of the training he received when he was hired at the hospital in Ghana.

Lucas said, “I do it many many times. That is the training you have to do that, because once you have done that you will not be afraid of them again. If you want to bathe the dead body, you will carry her legs up to wash her private part, that’s why we are taught to learn to sleep with the corpses. When I am inside the mortuary, I see some fresh girls and I satisfy myself.

Kylie Jenner refers to Tyga asHer 'Husband' in Snapchat Video

So Kylie and Tyga aren't just back but it seems, this time, it is even more serious. Earlier we reported that Kylie want Tyga to move into her new home and a new post from the 18-year model confirm he referred to Tyga as her "Husband"

via US Weekly:

While stopping off for a trip to the nail salon with her pal Jordyn Woods on Wednesday, June 29, the 18-year-old reality star filmed some of the different nail designs on offer at the shop and gave the clip an interesting soundtrack.

Pope Reacts To Hijab Crisis In Osun State

Pope Francis has called for peaceful coexistence among Nigerians, particularly residents of Osun State, irrespective of the socio-cultural and religious beliefs.

The Pope made the appeal during a visit of the Roman Catholic Church to Governor Rauf Aregbesola at the Government House in Osogbo, the state capital.

The Catholic Pontiff, who was represented by Most Reverend Augustine Kassujja, said that dialogue instead of violence should ensue in resolving issues of disagreement between people of diverse culture, tradition, religion, and beliefs.

Eid-el-Fitri: Federal Government declares Tuesday, Wednesday public holiday

The Federal Government has declared July 5 and 6, 2016 as a public holiday to mark Eid-el-Fitri Celebrations.

The Minister of Interior, Lt. Gen. Abdulrahman Dambazau (retd.), who made the declaration on behalf of the Federal Government, on Thursday in Abuja, urged  all Muslim faithful and Nigerians in general to extend the spiritual benefits of Ramadan, which are love, peace and justice to their daily living and through this contribute to the development of the nation.

Men Parading themselves as Naval Officers Arrested in Rivers State

The Nigerian Navy yesterday handed over 11 suspects who were arrested for parading themselves as Naval personnel to the Rivers State Police Command for possible prosecution. Outgoing commander of Nigerian Navy Ship (NNS) Pathfinder, Port Harcourt, Commodore Sanusi Ibrahim, handed over the suspects to the officials of the State Criminal Investigations Department (SCID) of the State Command in the state capital.

Ibrahim said the suspects used navy uniforms and paraded themselves as ‘Merchant Navy’ with intent to defraud unsuspecting individuals and companies in the state and environs.

The outgoing Naval commander stated that the suspects were caught in the act by operatives of the 97 Special Operations Group (SOG), the Nigerian Air Force, Port Harcourt, who reported the matter to the Nigerian Navy.

Adamawa Musician, Ado Daukaka who went missing Narrates His Ordeal

An Adamawa-based musician, Ado Daukaka, who went missing this last Saturday but was found unconscious yesterday at a farm in Lamurde village, has recounted his ordeal.

The musician, who came into limelight during the administration of Murtala Nyako, with his popular praise song for the former governor, was last seen on Saturday after he left for early morning prayers.

His disappearance sparked fears that he may have been killed especially after his latest musical effort titled “Gyara Kayanka”, condemned some elected political office holders in the state, accusing them of deceiving the electorate.

I always spray fragrance on my jerseys before match - Daniel Sturridge

England and Liverpool forward Daniel Sturridge has revealed he sprays fragrance on his kit before matches.

The 26-year-old has returned home after England's humiliating exit from Euro 2016 at the hands of Iceland.

The campaign may have left a bitter taste in the mouth, but Sturridge at least smelled the part.

Gov Aregbesola explains why He is running Osun State withour commissioners

Osun State Governor, Ogbeni Rauf Aregbesola has explained what is preventing his government from appointing commissioners since it was inaugurated in November 27, 2014.

Aregbesola, who spoke while breaking fast with journalists on Tuesday, said that the paucity of funds is the major reason behind the delay.

The governor noted that the government, as presently constituted, is going through harrowing experience, adding that the state is being run through ingenuity and goodwill.

Stressing that the dwindling allocation from the federal allocation has really affected the state, he stated that the appointment of commissioners would be additional burden which the state cannot presently afford.

73 year old woman sentences to death over drugs

A Vietnamese court has sentenced an elderly Australian woman to death for heroin trafficking, local media reported on Thursday.

The officials said that Nguyen Thi Huong, 73, left Ho Chi Minh City airport in December 2014 for Australia.

They also found 1.6 kilogrammes of heroin in her luggage disguised as 36 bars of soap.

FFK’s Aide Debunks "Letter to Christians & Apostle Suleiman"

RE: FEMI-FANI-KAYODE SENDS MESSAGE TO ALL CHRISTIANS AND APOSTLE SULEIMAN FROM DETENTION

This is to inform the general public that the purported message making the rounds that Chief Femi Fani-Kayode wrote a certain message to Christians and Apostle Suleiman from detention is not true. 

(PHOTOs) Woman Forced To Walk N*ked After Being Caught In Bed With A Married Man

A woman has been subjected to a wicked form of public shame by her man after she was caught having s*x with another man. The incident which happened in the city of Perm in central Russia has gone viral online.

According to The Sun, the extreme walk of shame was captured on camera by shocked passers-by in a packed city centre. The redhead desperately tries to cover her modesty as she walks the streets stark n*ked.

Nigerian Navy pleads with Nigerians "Help Us Capture Tompolo"

Nigerians have been urged to assist security agencies with vi­tal information that can lead to the arrest of wanted for­mer Niger Delta militant leader, Chief Government Ekpemupolo alias Tompolo.

The appeal came on Tuesday from the Chief of Naval Staff, Vice Admiral Ibok-Ete Ekwe Ibas.

In an interaction with journalists in Warri, Ibas announced plans to upgrade the Nigerian Navy Second­ary School in Ibusa, Oshimi­li North Local Government Area of Delta State to a mar­itime university.

His disclosure raised fears that the Federal Gov­ernment may have finally dumped the controversial Nigerian Maritime Univer­sity in Okerenkoko in the same state.

Vice Admiral Ibas, who inspected facilities in na­val formations in the state, said the process of getting the university licenced for the operation was ongoing with the relevant agencies.

Nigeria Among World’s Most Unstable Countries according to Fund for Peace

The Fund for Peace, a Washington D.C.-based non-profit, non-governmental research and educational institution, has ranked Nigeria as one of the world’s most unstable countries.

In its 12th annual Fragile States Index (FSI) released Wednesday, Fund for Peace ranked Nigeria alongside war-torn Afghanistan, Haiti, Iraqi, Guinea, Pakistan, Burundi and Zimbabwe.

 It stated that the situation in Nigeria deteriorated in 2015 when compared with 2014.

Fund for Peace cited the economic downturn occasioned by the fall in oil price and the activities of Boko Haram in the North-eastern part of Nigeria for classifying Nigeria among countries where peace deteriorated in 2015.

Nigeria was also placed among countries classified as “high alert” meaning that the situation in Nigeria had worsened compared to the previous year.

Ojo Maduekwe, former minister of foreign affairs, has died at 71

The cause of his death is not clear as the former minister is not know to suffer any terminal ailment.

Maduekwe, who is from Abia state, has held several ministerial positions – notably minister of transport in the administration of former President Olusegun Obasanjo.