Exposure
FTX will be the last giant to fall this cycle: Hedge fund co-founder
While the FTX crisis is continuing to unfold, the former head of risk at Credit Suisse believes the exchange’s fall from grace should be the last catastrophic event — at least in this market cycle. CK Zheng, the former head of valuation risk at Credit Suisse and now co-founder of crypto hedge fund ZX Squared Capital said that FTX’s fall was part of a “deleveraging process” that began after the COVID-19 pandemic and further accelerated after the fall of Terra Luna Classic (LUNC), formerly Terra (LUNA). “When LUNA blew up a few months ago, I expected a huge amount of deleveraging process to kick in,” said Zheng, who then speculated that FTX should be last of the “bigger” players to get “cleaned up” during this cycle. Before its collapse, FTX was the third largest crypto exch...
WHO: 146 million Africans die yearly from tobacco-related diseases
The World Health Organisation has revealed that no fewer than 146 million Africans die annually from tobacco related disease. Dr Matshidiso Moeti, WHO Regional Director for Africa said this on Thursday during a virtual press conference. Moeti said tobacco was the leading cause of preventable deaths in the world and emphasised that “smoking damages nearly every organ in the body.” The director also said that “globally, exposure to secondhand smoke kills more than 1.2 million people yearly.” She explained that the use of tobacco products other than cigarettes, such as vaporizers, was on the increase in Africa. Moeti said that quitting tobacco was the way to reduce the risk of developing cancer, heart disease, stroke and other diseases, noting that it would also increase one’s life expectancy...
COAS: Why President Buhari settled for General Yahaya – minister
The Minister of Defence, Maj. Gen. Bashir Salihi Magashi (retd) said President Muhammadu Buhari has expediently put national interest above ethnic and religious chauvinism in the appointment of Major General Farouk Yahaya as the new Chief of Army Staff (COAS). Magashi noted that certain factors were considered and General Yahaya satisfied all requirements. The Minister said, “these include his unblemished track records of service, Professional, Command and Operational competences among other yardsticks that culminated into his emergence as most suitably qualified new Army boss.” He, therefore, commended the appointment of General Yahaya as the 22nd Chief of Army Staff, succeeding the late Lt. Gen. Ibrahim Attahiru, who died in a plane crash alongside ten others last Friday in Kaduna. The m...
NAF chief: Terrorists’ll be brought to their knees
The Chief of Air Staff, Air Marshal Oladayo Amao, has said the Nigerian military will win the war on insecurity in the North-East and other parts of the country. Amao said this when he received the Chairman, Nigerians in Diaspora Commission, Hon Abike Dabiri-Erewa, at the Nigerian Airforce Headquarters in Abuja. This was disclosed in a statement issued on Friday by Gabriel Odu for NIDCOM Media, Public Relations and Protocol Unit. According to the statement, “Air Marshal Oladayo Amao believes that with the professional competence of the air servicemen and women, and well-boosted morale, the terrorists and their kind will be brought to their knees. “CAS said the NAF is willing to collaborate with Nigerian Professionals in diaspora in relevant fields as it is imperative to tap into the enormo...
Reports: Governments ‘gender blind’ to coronavirus’ ‘greater impact’ on women
Governments are putting women and girls at greater risk of the health and socio-economic impacts posed by the coronavirus pandemic, two global studies released Wednesday show. They called on leaders to prioritise gender equity in their response to the health crisis. Two studies, one from a global research partnership led by the Global Health 50/50 Project in London and another by the Center for Global Development (CGD) in Washington, were released Wednesday to coincide with World Health Day that highlight major failings by national governments to consider sex or gender in their COVID-19 policies. Since the start of the pandemic in March 2020, several studies have pointed to the disproportionate impact of the pandemic on women. Many women have shouldered a heftier burden taking on more unpa...
US accuses Nigeria of significant human rights abuses
US Embassy in South Africa The United States has accusesd Nigeria of significant human rights abuses in its latest ‘’Country Reports on Human Rights Practices for 2020’’, released Wednesday by the Department of State, Bureau of Democracy, Human Rights and Labour. In the report titled ‘’’Nigeria 2020 Human Rights Report, Executive Summary’’, the US accused Nigeria of ‘’significant’’ human rights abuses, which include: unlawful and arbitrary killings by both government and non-state actors; forced disappearances by the government, terrorists, and criminal groups; torture and cases of cruel, inhuman, or degrading treatment or punishment by the government and terrorist groups; harsh and life-threatening prison conditions. The 102-page report also accused the federal government of ‘’arbitrary d...
AC Milan ready to pay €30 million for Real Madrid’s Brahim Diaz
AC Milan are willing to pay as much as €30 million (£26m/$36m) to land Real Madrid forward Brahim Diaz, with the 21-year-old having made a positive impact during his loan spell with the Serie A side. Goal can reveal that Milan bosses are keen to make the loan move permanent and, although they do not have a purchase option, they are keen to discuss a transfer with Madrid. While Brahim has always wanted to succeed at the Bernabeu, Madrid will now weigh up whether to keep him beyond the end of the 2020-21 campaign or sell for what would be a significant amount amid the coronavirus crisis. Following his loan switch to Milan in September 2020, Brahim immediately took to life in Italy and has become an important member of Stefano Pioli’s first-team squad. He has made 25 appearances in all compet...
NNPC seeks $1 billion funding to revive PHC refinery
The Nigerian National Petroleum Corporation, NNPC, is currently shopping for $1 billion to revamp Nigeria’s biggest refinery located in Port Harcourt, Rivers State. To realise its plans, the nation’s oil company is already in high-level discussion to raise the money via a prepayment deal with trading firms. If the financing is successful, the long overdue rehabilitation of the refinery should reduce Nigeria’s hefty fuel import bill. It would also mark Nigeria’s second oil-backed financing since the COVID-19 pandemic that has added to the difficulty of finding investors as fuel demand is sapped by lockdowns and renewable energy is gaining ground over fossil fuels. The money would be repaid over seven years through deliveries of Nigerian crude and products from the refinery once the refurbis...
Yuletide: Police chief orders tight security nations wide
The Inspector-General of Police, IGP, M.A. Adamu, has ordered 24/7 water-tight security arrangement and proactive high visibility patrols in all the States of the Federation and the Federal Capital Territory (FCT), ahead of the Christmas and New Year Celebrations. The IGP gave the directives to all Assistant Inspectors-General of Police and Commissioners of Police in charge of Zonal and State Commands nationwide to ensure a peaceful celebration. The IGP equally directed the Strategic Officers to ensure massive deployment of intelligence and other operational assets of the Force particularly on major highways, airports, railway stations, recreational centres, motor – parks, places of worship, financial institutions, amongst others. They are also to ensure that personnel deployed are adequat...
NIGCOMSAT host first space-sector innovative challenge
Nigerian Communications Satellite Limited (NIGCOMSAT) have on Friday launched the first edition of Hackathon ActinSpace Challenge to help drive innovative ideas in the Nigerian space sector. The post NIGCOMSAT host first space-sector innovative challenge appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Governor Fayemi: Traditional institution agent of grassroots development
The Ekiti State Governor, Dr. Kayode Fayemi, has promised to always accord the traditional institution with respect, describing it as agents of grassroots development, hence the desire of his administration to always fill vacant stools promptly Fayemi’s said this on Tuesday, at the presentation of the staff of office and instrument of appointment to the new Olorin of Orin Ekiti, Oba Olufemi Adeniran Ajibewa. The ceremony was held at the Conference Hall of the Governor’s Office, Ado Ekiti in line with COVID-19 protocols. Fayemi urged Oba Ajibewa to see his new position as a call to duty to serve his people and move the town forward. Represented by the Deputy Governor, Otunba Bisi Egbeyemi, the Governor described the throne as a sensitive position that calls for considerable wisdom, diligenc...
