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Monday, May 16, 2016

Africa's Richest Man Aliko Dangote Suspends Production Of Tomato Paste


Dangote Tomato Processing Factory, a newly commissioned company owned by Africa’s richest man, Aliko Dangote, has suspended its operations due to the unavailability of its most important raw material – fresh tomatoes.
The Managing Director of the factory, Abdulkadir Kaita, told the News Agency of Nigeria on Friday that several tomato farms in in Kano, Jigawa, Plateau, Katsina and Kaduna states (all located in Nigeria’s northern region), were affected by Tuta Absoluta, a leaf mining moth and common tomato pest, which destroyed all the tomato farms – a situation that has resulted in scarcity and higher prices for the commodity.

Kaita however said that production would resume during the next irrigation season.
Dangote Group, the Nigerian conglomerate owned by Africa’s richest man, Aliko Dangote, launched the $20 million tomato processing facility in Kano state, northern Nigeria earlier this year. The tomato processing plant has a daily production capacity of 1,200 metric tones per day, and will primarily buy tomatoes from farmers in the Kadawa Valley in Kano state and will pay them a guaranteed price of about $700 per ton of tomatoes.

Nigerian Oilman Kola Aluko Sells His Bel-Air Mansion For $21.5 Million



The Los Angeles Times has reported that Kola Aluko, a controversial Nigerian oil tycoon, has sold his Bel-Air, Los Angeles mansion, as Nigerian and European authorities investigate him for a series of money-laundering and fraud-related crimes.
Kola Aluko sold the home last week for $21.5 million, taking a $3 million loss after purchasing the sprawling residence in 2012 for $24.5 million. Aluko, 46, apparently sold the residence in an off-market transaction using a limited-liability company. An off-market sale in real estate refers to a property that is sold without any form of public advertising.
Aluko’s former home- a contemporary-style showplace in the 700 block of Sarbonne Road, Los Angeles, was designed by architect Paul McClean and built in 2011. The property sits on more than an acre, has a gated entrance, a subterranean garage and a 132-square-foot infinity-edge swimming pool among other features.


For a long time, Aluko had been linked as a business associate of Nigeria’s former Petroleum minister, Diezani Alison-Madueke, who is also currently under investigation by Nigerian and British authorities for money laundering and embezzlement. Shortly after she became oil minister in 2010, Alison-Madueke awarded Atlantic Energy- an unknown start-up co-founded by Aluko, a very lucrative contract to fund NNPC’s (the state oil company) operational costs in four lucrative oil blocks in which the NNPC owned a stake. In return for providing funding to the NNPC, Atlantic Energy was to lift the crude produced from the oil blocks, sell it, and thereafter pay the state-owned oil firm its share of profits. But there is an allegation and considerable proof that Atlantic Energy did not make any upfront funding but lifted crude and that a huge chunk of the proceeds from the sale of the crude oil did not make it to NNPC’s coffers and, by extension, the Nigerian treasury.
An email to Kola Aluko to confirm the sale of his Bel-Air property was not responded to as at the time of this post.

Wednesday, May 11, 2016

6- and 7-Year-Olds Couldn't Solve This Math Test Question, and We're Not Surprised

The internet is having a field day figuring out what the real answer is to a simple math problem. Twitter user Louise Bloxham shared a math problem from a Year 2 (equivalent to the first grade in the US) workbook that asked, "There were some people on a train. 19 people get off the train at the first stop. 17 people get on the train. Now there are 63 people on the train. How many people were on the train to begin with?"
If you try solving it yourself, you'll probably get this setup: X - 19 + 17 = 63. All you have to do is solve for x, which gives you 65 as the answer:
But if you look further into the comments, users start arguing that the answer is 46, not 65.
Someone even drew a detailed illustration of how they came to that number:
Other commentators became philosophical and said that the math problem fails to factor in the train driver and inspector:
The situation apparently became too much for one person, who said that everyone was "looking at it algebraically for proof purposes," when it was really just a simple equation.
Although the math question has stumped some parents and young children, the main concern here is not whether or not it can be solved, but if 6- and 7-year-olds should've been asked it. That answer to that question is simple: if there's this much debate about it with adults, then it's not suitable for children.

Wednesday, May 4, 2016

Nigerian Billionaire Femi Otedola Loses $400 Million In 9 Weeks


Nigerian billionaire Femi Otedola has lost more than $400 million of his personal fortune over the last 9 weeks as the stock price of Forte Oil, the Nigerian-listed energy behemoth he controls, shed off 43.5% in value within that period.
In late February the share price of Forte Oil hit an all-time high of N342 per share after the Lagos-based utilities and petroleum marketing company released its impressive 2015 FY results and declared an attractive dividend of N3.45 per share. However, as at close of trading today (Tuesday), its share price has dropped to N193.46 after recording consistent daily losses over the past few weeks. Otedola, who is the company’s controlling shareholder, has seen his paper net worth drop from $1.6 billion when FORBES published its annual ranking of the World’s Billionaires in March, to $1.2 billion today, according to the FORBES’ real-time billionaire scorecard.


A source at Forte Oil says that the drop in the company’s share price is not unconnected to massive sell-offs of bonus shares from some of the company’s retail investors. Last year, Forte Oil offered investors a bonus of 1 new share for every 5 ordinary shares they held. In total, Forte Oil declared roughly 216 million bonus shares for the 2014 business year. The bonus shares were only issued to investors a couple of weeks ago and they have been scrabbling to sell off their bonus shares on the market to cash in. This mass sell-off has precipitated the drop in the share price.
“This is only temporary. As you’ll see, even though investors are selling off their bonus shares, there are institutional investors who are buying up all the shares on offer as evidenced by the volume of the transactions in the last few days. When all those bonus shares are cleared up by institutional investors, you’ll see the share price rising again,” the source said.
Of the 216 million bonus shares which have been issued, Femi Otedola received approximately 170 million.
Forte Oil PLC is primarily engaged in the distribution of petroleum products such as diesel, aviation fuel and Premium Motor Spirit (PMS). The company has over 500 company-owned, dealer-assisted and dealer-developed gas stations spread across the country, oil storage depots in Lagos and Rivers states, a Power plant and a Joint User Hydrant Installation facility in Lagos. The company also sells its own range of automobile lubricants. In 2014 the company was included in the Morgan Stanley Capital International Frontier Market 100 Index.

Man dressed as Jesus arrested after refusing to leave Apple Store



Even the most hardcore Apple haters out there would have a tough time believing the company would turn away Jesus from one of its stores. And yet, that's sort of what happened at an Apple Store in Philadelphia when a man known locally as "Philly Jesus" was arrested for refusing to leave after being asked multiple times. WPVI-TV in Philadelphia reports that Philly Jesus, whose real name is Michael Grant, was also arrested back in 2014 for refusing to leave Dilworth Plaza, where he had decided to go ice skating in his full Jesus attire.
Here is a photo of Philly Jesus being arrested, courtesy of Instagram user Jen A. Miller:
Philly_Jesus.2e16d0ba.fill-735x490
Philly_Jesus.2e16d0ba.fill-735x490
It's hard to keep a good false messiah down, however, and Philly Jesus was freed less than a day after his harrowing arrest. He wasted no time telling the world on Twitter:

It's only appropriate that Philly Jesus get arrested in an Apple Store, of course, since the most hardcore Apple fans view using the company's technology as something of a religious experience. And hey, if you're going to win converts, you might as well go where the heathens are. Perhaps he can broaden his reach by designing his own Apple Watch app?


Tuesday, May 3, 2016

Is it good for Christians to Give Up?

                    


Many of us quit, half way through with what we have started and sometimes we have enough reasons and might not have enough reasons why we do it.

What does the Bible talk about in terms of giving up? Does the Bible recommend us to quit or does it urge us not to give up.

Galatians 6:9 “…for at the proper time we will reap a harvest if we do not give up.”

What does it mean? The scripture tells us that if we do not give up on something, we will surely see the reward of it. For example the farmer sows his seed and takes the little grown stuff and plants it in the properly field. He does not see the grains immediately, he waits for the rain and the shine at the proper times and then a harvest, during harvest it is not what he sowed but several measures more than what he had sowed. If this is true for a farmer I am sure the same principle applies for us too. The only thing is to wait patiently until we see results.


Before getting into the principles of how not to quit, let us examine few reasons why we quit.
The reasons can be so many; I have tried listing few of them…

1. Fear of failure.
2. I am not trained enough.
3. Someone can do it better than me.
4. I don’t want to be the first, let someone do it and then I will follow.
5. I have a bitter past experience.
6. This is not my cup of tea.
7. I don’t want to be embarrassed.
8. I am too sensitive to handle failures.
9. My support system is poor.
10. I don’t prefer to risk when all is fine.
11. Why get into a mess?

Some of the reasons are overlapping but still this is how we feel and reason out to quit and remain a bit satisfied though we know we can do it more than we have tried.


I want to drive out just two aspects for not giving up but before that I want to quote few people and their views on never giving up…


King Solomon – for an upright man, after falling seven times, will get up again. (Proverbs 24:16)

The first aspect to consider if we decide not to give up is:

I. Making the most of every opportunity. (Ephesians 5: 15,16)
Be very careful, then, how you live—not as unwise but as wise, making the most of every opportunity, because the days are evil.

The wise person makes the most of the opportunity but the foolish ones miss out on every opportunity and grumble about their failures. Grab every chance that you get, never mind whether you fail or win – the result is secondary what is primary is the attempt. There is nothing wrong in giving it a try, it might click and we can become experts so I urge you not to miss a chance. Peter toiled all night at the sea but was willing to give it a try when Jesus told him to do so. He made the second time more than what if would have done the first time. He knew he had God on his side. That was blessed assurance. If we have such confidence we too can try and we will surely make it by not letting a chance go by. Therefore make the most of every opportunity and be wise. The second aspect is…

Marching Forward. (Philippians 3:13)

Brothers, I do not consider myself yet to have taken hold of it. But one thing I do: Forgetting what is behind and straining toward what is ahead.
If you have to march forward, you have to forget about what happened in the past, if we brood over the past more either success or failure it can ruin us. If we brag about the past success it will makes us complacent and would never make new attempts at the same time if we brood over our failures it will diminish the morale and the potential we possess. Therefore it is important to be moving and not stagnating.
Paul understood this and that is why he is going ahead with the goal and not worried over the past. If Paul had to think of his past as wretched man he will have be ashamed for the rest of his life not doing anything. He overcame the shame and guilt of destroying so many good Christians and began to be a blessing. He never gave up but carried on.

 NEVER, NEVER, NEVER GIVE UP!
 Matthew 27:45-46

            This is the only moment in history that Jesus was alone.  He who controls the universe stayed on the cross to finish what He came to do.

            How much can you take before you give up?  Are you a feather or a mighty oak against the winds of adversity?  Can you hold a steady course when difficulties mount?

            Would you faint when going to work one day and the boss says, “Hand in your keys, this is your last day?”  Do you pull up roots with the news:  “Your child has cancer, we are going to have to amputate his leg?”

            In moments like these, let me tell you where you find your inspiration.  You find it in the man who kept His word, though God’s people sometimes don’t keep theirs.

            The hands that shed the blood of heaven will reach down again, again, and again…as many times as it takes…to pick you up when you are knocked down and are tempted to give up.
            So the next time bad news shatters your day, take a hike!  Take a hike up Calvary’s hill where there’s a cross stained with holy blood from the hands of the Son of God!  That blood is from the same hands that wrote you a promise:  “God would give up His only Son before He would give up on you!”


Dear friends, how about you? Better wise up, make the most of every opportunity. Never leave room for compromise, March forward don’t retreat. I think of my friends and my room mates they never gave up and i thank God for them. We have Jesus on our side we will surely be conquerors, not just conquerors but more than conquerors.
God bless you!

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Sunday, May 1, 2016

Top 10 Inventions That Changed The World


Humankind is always working to modify it's environment, to make life more convenient some of these inventions do little but others have the potential to change our day to day lives.The world as we know is a result of a series of inventions that makes living more convenient and the world is safe and a more healthy place to live. There are so many possible inventions out but what have made it on to our list watch and find  out. From the telephone invention to vaccination These are the top 10 inventions that changed the world.




Watch The video below: