Chinese Weak Factory Data, Saudi Arabia/ Iranian War Causes World's Richest Men To Lose In Global Sell-Off!

Microsoft Corp co - founder, Bill Gates, was among the world’s five richest people who on Monday, 4th January, 2015, suffered losses in a global stock selloff sparked by weak factory data in China and a flareup in tensions between Saudi Arabia and Iran.

With a current net worth of $56 billion, after losing $3.7 billion as the world’s largest online retailer fell 5.8 percent, Amazon .com Inc. founder Jeff Bezos led decliners on the Bloomberg Billionaires Index in the first trading day of 2016.

Amancio Ortega dropped from $2.5 billion to $70.4 billion the biggest fashion retailer, Inditex SA, fell 3.5 percent. 

Berkshire Hathaway Inc. Chief Executive Officer Warren Buffett, Mexico’s Carlos Slim and Microsoft Corp. co-founder Bill Gates, the richest person on the planet, lost a combined $2.5 billion.

Despite the huge loses, the biggest gainer was Carl Icahn, an activist investor whose net worth climbed $210.4 million to $20.1 billion. 

Iranian Oil Fields Set To Bounce Back Into Full Production!

The world over, oil traders anticipate the return of Iranian oil, the futures market is already lowering its expectations for prices in 2016.

The fate of the oil market in 2016 depends in large part on a series of oil fields like Ahwaz, Gachsaran, Bibi Hakimeh, and Darkhovin. All of them are pumping crude buried thousands of feet under the hills of the Zagros mountain range in western Iran.

Bloomberg's report showed that Iran's return to the oil market comes as the world is producing more oil than it needs.  This supports International Energy Agency (IEA), data which revealed that global oil production in the first half of 2015 averaged 95.7 million barrels a day, while average daily consumption came in at only 93.8 million barrels. 

Since mid-2012 Iranian fields have been producing far below their capacity because of U.S. and European sanctions limiting Iranian oil exports. 

Weeks before the first international oil conference held in years in Tehran - the capital and largest city in Iran and Tehran Province, in September 2015, Iran Oil Minister Bijan Namdar Zanganeh said “Immediately after lifting sanctions, it’s our right to return to the level of production we historically had,”.

Now that Tehran has reached a deal with the Western powers to resolve the dispute over the country’s nuclear program, Iranian engineers are working to bring the fields back to full production.

Nicki Minaj Debunks Bleaching Her Skin!

Nicki in a twit shared with her fans debunks rumors that she bleached her skin.

Ruins Of The Address Downtown's New-Year Eve Fire Outbreak!

Inside ruins of the fire out break in which about 16 people were slightly injured at the Address Downtown hotels and residences in Dubai, at about 17:30 GMT on Thursday, 31st December, 2015.

Epidemic - Young African American Men Killed By US Police at Highest Rate In 2015!

As protests accusing law enforcement officers of being too quick to use lethal force against unarmed African Americans spread across the United States since dramatic unrest gripped Ferguson and Missouri, following the fatal police shooting of 18-year-old Michael Brown by a white officer, findings of a Guardian study that recorded a final tally of 1,134 deaths at the hands of law enforcement officers indicates that black men were nine times more likely than other Americans to be killed by police officers in 2015. 

African American males between the ages of 15 and 34 comprised more than 15% of all deaths logged in 2015, despite making up just 2% of the U.S population. On going investigation reveals that the use of deadly force by police officers on the young black males was five times higher than for white men of the same age.

This information established the fact that about one in every 65 deaths of a young African American man in the US is a killing by police bullet.

MAVIN Vs YBNL Headies Award Drama, Olamide Tenders Apology!

This is the video of the drama that ensued after MAVIN’s Reekado Banks took home the award for the Next Rated Artiste Category at the Headies Awards which took place early Saturday, 2nd January 2016. A situation that did not go down well with Olamide Adedeji, known by his stage name Olamide and popularly called Baddo, he thought another artiste deserves the award. Olamide left no stone upturned as he let his feelings get the best of him in his speech later on on stage, when his artiste Adekunle Gold won the award for Best Alternative Act for his song, Shade. 

The drama:

After the speech (or what ever you call that), Olamide dropped the microphone on the floor, threw away his cup with its content gushing on stage, and walks  away with his crew.

Later in the day, after much more ranting on his twitter page, peharps realizing that there wasn't any need for the brouhaha he caused on stage, a sober Olamide tendered an apology to his fans.

The apology:

Tallest Statue of Jesus Unveiled In Nigeria!

The statue of Jesus De Saviour, the tallest statue of Jesus Christ was unveiled on Friday, 1st January, at Abajah - Imo State, South - East Nigeria, by the Bishop of Orlu Catholic Diocese, Most Rev. Augustine Ukwuoma.