Should Nigerians be worried about the rise of exchange rate in Nigeria?

Should Nigerians be worried about the rise of exchange rate in Nigeria? As at today, a pound to naira is now N311 while a dollar to naira is now N204. After a lot of research conducted, it looks like the naira has devalued by more than 25% in the last few years while as at yesterday the naira to a pound was 304. It devalued by 2.5%.

On the other hand, Venezuela's  currency only devalued by 9% even though they were more affected by the fall in oil prices because they were able to put economic policies in place to reduce the rate of the devaluation in the same time period and reduce the impact of the reduction in oil prices.

This is just within the time frame of 5 years (2011-2015). Will this result to hyperinflation?

"At this rate of devaluation, our currency could end up like the Zimbabwe Dollars and become worthless within the next few years if necessary economic policies are not put in place." an Economist said

Paul Play slams Etisalat N200m for copyright infringement

Singer Paul Play Dairo has filed a N200m lawsuit against telecommunications company, Etisalat Nigeria for using his song, Mosorire in its popular reality series, Nigerian Idol, without seeking his consent. In the suit filed at a Lagos High court and marked FHC/CS/581/2014, Optima Media Group was made co-defendant. Paul stated that the defendants had used his hit song, Mosorire, which he composed himself, to promote their TV show, Nigerian Idol in 2012 and 2013.

He alleged that during the course of the programme, a contestant was made to reproduce his song and sing it without his express permission as the owner of the song.

The court paper in part reads 

Twitter users blast Kim Kardashian for going 'full frontal' again

Kim Kardashian has faced harsh criticism for going naked yet again, this time for Love magazine.
According to the Mirror, following the leak of the 34-year-old reality TV star's nude snaps from the raunchy Steven Klein shoot, fans took to Twitter and slammed Kanye West's wife.
"At what point is Kim Kardashian going to realise that the entire world has seen her sex tape, these naked photoshoots aren't so shocking?"
"Getting really bored of seeing Kim Kardashian naked lately... she must be desperate for cash... cover up for your daughters sake yuck! (sic)".
"I'm so sick of seeing Kim Kardashian naked. You're someone's mother. You act like we can't all log on and see you s******g Ray J if need me."
In the pics, which have been released by the magazine, Kardashian has gone full frontal showing off her assets and lady parts, and had excitedly tweeted about the '30+ page spread'.
Speaking of her Paper magazine's 'break the internet' issue, she had tried to justify by saying that she needed to do something to feel confident and good about herself.

No more Talking till after February 14 - Obasanjo

Former President, Olusegun Obasanjo, has said he will no longer discuss the forthcoming general elections until after the polls.
Mr. Obasanjo said this on Wednesday while inaugurating a flyover bridge in Kano city constructed and named after him by the Kano State Government.
Asked by journalists to speak on current national concerns including the elections, Boko Haram and other issues, Obasanjo simply said, "I will not talk on elections till after February 14."
The former president, however, commended the state Governor, Rabiu Kwankwaso, for his achievements, saying the governor has the potential to rise to the highest office in the country.
He said Mr. Kwankwaso has acquired knowledge and experience over time as a career civil servant, minister and governor.
"Rabiu Kwankwaso ministerial job and many other serious jobs he undertook have
The former president has come under pressure for supporting the All Progressives Congress, APC, ahead of the February general elections.
While he avoided the delegation led by President Goodluck Jonathan to his Ota country home, Mr. Obasanjo had on January 13 adjusted his itinerary to receive an APC delegation led by its presidential candidate, Muhammadu Buhari.
He not only received the APC delegation but he also expressed support for the Buhari presidency, come May 2015.
"Let me in a special way welcome Muhammadu," Mr. Obasanjo had said.

Pastors collected N6 billion Naira to campaign against APC, Buhari - Amaechi

Gov Rotimi Amaechi, who is the Director General of the APC Presidential campaign organization has accused the PDP of paying some Christian clerics N6billion to campaign against the APC and its presidential candidate, Gen Muhammadu Buhari. Amaechi made the allegation during the state's APC governorship candidate, Dr Dakuku Adol Peterside's campaign in Emohua local government area of Rivers State.

"Some pastors collected N6 billion and they are circulating documents and telling you not to vote for a Hausa man, not to vote for a Muslim because they want to Islamise Nigeria. Tell them to return our N6 billion. They gave them N6 billion. They should return it to the Federal Government coffers. They will tell you that Buhari wants to Islamise Nigeria. Tell them we are too educated.

I am a Catholic, but no Catholic priest has told me that story right now in the Catholic Church, because I will ask him how. 

If any Pastor tells you that, tell him to return the money. Nobody can Islamise Nigeria. They have commercialized Jesus Christ. They should stop commercializing Jesus Christ. He is our Lord and Saviour. You know what Jesus Christ did in the temple. He chased them away. We shall chase away those pastors who collected money from PDP leaders to tell us lies. We shall chase them away on behalf of our Lord Jesus Christ.” he said

Actor Muna Obiekwe laid to rest in Hometown

Nollywood actor Muna Obiekwe who died on Sunday, January 18 2015 at the age 36. Was laid to rest yesterday morning in his hometown of Umudioka in Anambra state. Muna is survived by his wife and two children. May his soul rest in peace Amen.