Thursday, 12 February 2015

Egypt court orders release of Al-Jazeera journalists on Bail


A court in Egypt has ordered the release on bail of two Al-Jazeera English journalists, Mohammed Fahmy and Baher Mohammed who were arrested in December 2013 and sentenced to 7 years imprisonment in June 2014 on allegations of helping banned Muslim Brotherhood and spreading false information about the Egyptian government.

Mohammed Fahmy, a Canadian/Egyptian journalist will pay 250,000 Egyptian pounds (around £21,000) for his freedom while his colleague, Baher Mohamed, an Egyptian, will not pay anything.

The two journalist were arrested and tried alongside their Australian colleague, Peter Greste, who was deported back to his home country Australia on February 1st after the Egyptian government came up with a law allowing the deportation of foreign nationals to their home countries.

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 

Thursday, 5 February 2015

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.