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Showing posts with label Social Feeds. Show all posts

Five Types Of People You Need To Surround Yourself With in Life to Succeed

 The journey of life is not an easy one, Sometimes you are happy and sometimes you are sad. You win today, lose tomorrow, this minute you feel like taking it all up and the next you want to give it all up. It is a combination of simplicity, mystery, joy and sorrow, love and hate etc.

However if you want to make it easier and steadier to navigate, you need to surround yourself with people of valuable character and influence. This kind of people will give you the right push and words to help you go through your daily hurdles and struggle.

1. The Inspired And Motivated

Much of life’s problems and situations greatly depends on how you see it, what you see in it and how your mind wants to tackle it. To one person a situation could be a problem and to another it could be an opportunity to achieve greatness. This is why you need to surround yourself with the people that has the right mindset and optimistic attitude towards life. The words that comes out of their mouth will always be that to encourage, inspire, motivate and invigorate your mind no matter the circumstance. This way your greatness will only be one step ahead!

2. The Open Minded And Passionate

It is easy for you to get locked up in a closed circle, right inside your own mind. Only thinking or reasoning life in one way or pattern, without being aware or willing to explore the endless possibilities and ideas there is. It is also possible for you to keep chasing multiple possibilities and forget that which really matters- your passion. Surround yourself with people that are open minded and passionate, they see multiple opportunities and ideas in any circumstance, while teaching you the right and passionate way towards pursuing them.

3. The Grateful

Nothing beats a thankful heart. Someone who recognizes that they receive something no matter how little and remain grateful for it. Whether it is to a fellow human for some favour recieved or to God, being grateful is underated. Furthermore it paves way for more gifts and favour, just for being grateful for a small gift or favour, you could receive more! Imagine going out of your way to do something for someone and they come back feeling it was their right to have benefited so? Let your circle be people of a grateful heart, that way you will be in position to recieve more both from God and man.

4. The Wise And Knowledgeable

When the blind leads another blind, you can only imagine the outcome. You definitely don’t want to be in the middle of such a situation. Always be in company of people who are wiser and more knowledgeable than you, this way you always have something new and good to learn each time. As time goes you become wiser and more Knowledgeable, learning better and more intelligent ways in dealing with life and issues.

5. The Experienced

No one knows a situation better than that person who have experienced it first hand. There is no better person to give advice than that person who have gone through so many life experiences or has practiced a trade, art or profession repeatedly and successfully for several years. The importantance of an experienced advice coming from an experienced person cannot be overstated. Make sure your circle also includes someone experienced enough to give you practical advices when they come handy.

Finally, to reach your maximum potential you need the right people around you and the above list will sure help you make your choice and consequently help make the right decisions for optimum results.

The Travails Of Couples In The Hands Of womb Watchers Waiting For Conception

 The moment a couple get married, “womb watchers” begin to look out for the wife’s tummy and some insensitive bunch will even go ahead to ask her when she wants to take in for her husband; not minding her state of mind at the moment.

What these people fail to realize is that some newlyweds deliberately put a hold on childbearing for reasons best known to them, while some may actually be having difficulties with taking in.

Most of the blame is hinged on the woman because, she’s the one that bears the burden of carrying a child (or, children) in her womb.

Sometimes, families mount undue pressure on the woman to take in for their son or, she may be termed as a witch that ate all of her children.

Some will even go ahead to tag the woman as a man because, saying “two men can’t live in one house”.

Time and chance happens to everything in life and, everyone can’t tread the same path. For newlyweds, its a different ball game because they have to deal with pressures from every side.

The only thing that can keep them together is if they decide not to let what outsiders say about their predicament get to them.

In the event that a couple is yet to bear their own children, they can try out several options like IVF (In-Vitro Fertilization), artificial insemination, legal adoption amongst others. Both parties have to be in agreement before this can eventually pull through.

While waiting to get pregnant, awaiting couples should first learn to shut their ears to distractions and naysayers because, truth is, their opinion doesn’t and will never matter.

They should stand with, by and for each other at all times; regardless of what’s going on. They should love each other and treat each other kindly; even on the days when they don’t feel like it.

Doing this will help them strengthen the bond of love that they share. This is because couples go through hell while trying to conceive and, in most cases, their attempts flop.

They have to do several IVF procedures and, most of the time, it doesn’t pull through. Tension everywhere.

Hopes lost. And, sometimes when they eventually manage to conceive, they miscarry the pregnancy! Consequently making the whole process a turmoil for them.

The couple in this picture – (Mr Tosin and Mrs Tomike Adeoye) got married in 2019 and, two years after, they’re expecting their first child together.

Nollywood actress, Kemi Akindoju-Fregene and, her husband, Gbugbemi Fregene, got married mid 2018 and, just last month, they welcomed their first child after 3 years.

Nollywood actress, Adesua Etomi-Wellington and, her music superstar husband, Banky Wellington, got married in November 2017 and, on 22nd January 2021, they welcomed their first child together after almost 4 years of waiting.

These couples obviously must’ve had the worst of times while waiting for children to come; not to forget the constant bashing they got from both inside and outside sources.

People don’t bother anymore what couples go through whole expecting children and, it makes no sense that they throw tantrums at them at every given opportunity.

Childbearing is a thing of joy to be experienced but, if it isn’t happening early for you, you don’t need to worry yourself to death.

Try out several other conception methods and, if you and your partner are cool with it, go ahead and adopt a baby.

Spend time with your partner and keep reminding each other of the love you share. Buy each other gifts and speak kindly to each other; no matter how tensed or worked up you are.

This will create a warm, serene and enabling environment for the love you both share to grow stronger and for your body systems to be more calmer and stable.

Stress and anxiety, most of the time, can lead to increased chances of infertility. When your mind is at peace and your body, at rest, “THINGS WILL HAPPEN!”

Most importantly, pray with and for your partner ALL the time. Invite God into the situation and, let him work things out for you.

Jennifer Lopez, Alex Rodriguez Call Off Engagement to remain as Friends ONLY

 Jennifer Lopez and Alex Rodriguez are officially calling it quits weeks after attempting to work past issues. On Thursday morning, the two issued a joint statement shared exclusively with Today.

“We have realized we are better as friends and look forward to remaining so. We will continue to work together and support each other on our shared businesses and projects. We wish the best for each other and one another’s children. Out of respect for them, the only other comment we have to say is thank you to everyone who has sent kind words and support,” the statement read.

The news comes a few weeks after Lopez, 51, and Rodriguez, 45, announced that they were “working through some things” following news that the two had ended their engagement in early March.

“They never officially broke up and talked about it but are still together. They hit a rough patch. But they were not broken up. She’s working in the Dominican Republic and he’s in Miami so it’s tough seeing each other especially with quarantining and COVID, but they want to try to stay together,” a source close to the pair told PEOPLE then.

When the news first broke in early March that the two were calling it quits, a source told PEOPLE it had “been a long time coming.”

However, soon after, Rodriguez flew to the Dominican Republic where the two spent time together as she films Shotgun Wedding. A source told PEOPLE in late March that the couple was “doing everything they can to prioritize their relationship.”

“He flew back to spend a few more days with Jennifer,” an insider told PEOPLE about Rodriguez. “He is making a big effort, and he wants Jennifer to be happy.”

“Jennifer was excited to see him in person. They are really trying to figure things out,” a separate Lopez source told PEOPLE at the time. “It was a happy reunion.”

The source explained that Lopez was “very much ready to give up” on their relationship but “she is happy they are still together.”

MC Edo Pikin Dedicates His House To His Son

 Comedian MC Edo Pikin has taken to Instagram to show off his new house.

The comedian dedicated his new house to his son Jayden, who will be dedicated in church today April 11.

MC Edo Pikin wrote;

As I DEDICATE you to God today , I DEDICATE this HOUSE to you my son, congratulations my king JAYDEN OJIE GBADAMASI @kingojie2021

@lilytom_ you the best wife in the world my precious pearl

The king is going to church today , you all should join me celebrate my son @kingojie2021

Nigerian Couple Remarries After Over 10 Years Of Separation And Divorce

 A Nigerian couple Babsola Kuti and Lola Fafowora have remarried after severing ties for about a decade, Igbere TV reports.

The duo first got married in London on April 8, 1996. They have three children — a boy and two girls — now aged 24, 19 and 16 respectively.

Kuti and Fafowora met about 32 years ago in Lagos. After a year of getting to know each other, they began dating on Kuti’s 20th birthday in 1990.

Following separation and divorce, the couple eventually reconciled in 2017 and renewed their vows on April 8, 2021, about 25 years after they first got married.

Their children witnessed the ceremony while some family members also joined on Zoom due to COVID-19 restrictions.

It was learnt that the couple’s best man Folarin Agbede and bridesmaid Kemi Kalejaiye-Mason at their first wedding in 1996 also witnessed the reunion.

“I feel grateful to see God’s grace. It was all topsy-turvy, but I believed someone up there was fighting for our love,” said Fafowora.

On his part, Kuti said:

“After more than 10 years of separation and even a divorce, against all odds we found ourselves together again.”

“We hardly spoke. Interestingly there was never any personal animosity and most people who knew me well always said we would get back together. I always laughed at them. One of them was my flatmate in Abuja Tunji Adenuga. Many people who knew me always wished it for us but it was hard at the time to see how it would happen,” he added


Woman finds out on son’s wedding day bride is her long-lost daughter at a recent wedding in Jiangsu, China

The daughter-in-law is the biological daughter, and the son instantly becomes the son-in-law! At a recent wedding in Jiangsu, China, a woman found her daughter-in-law’s birthmark from her daughter-in-law as her biological daughter who had been separated for many years. 

A woman attending her son’s wedding was left in tears after she identified the bride as her long-lost daughter. The incident happened in Suzhou, Jiangsu province in China on March 31.

The mother-in-law noticed a birthmark on her new daughter-in-law’s hand, which was similar to the one on her lost daughter’s hand.

After spotting the birthmark, the woman approached the bride’s parents and asked if she had been adopted over 20 years ago. The bride’s family was baffled by the question as it had been a secret. However, they went on to reveal that they had found a baby girl by the roadside several years ago whom they brought up as their own daughter.

On hearing the story, the bride burst into tears. She wanted to know more about her biological parents. She described the moment of meeting her biological mother as “happier than the wedding day itself”.

The story didn’t end there. There was more to come.

The bride was now concerned about marrying her elder brother. However, the mother-in-law revealed that there would be no objection to their marriage as the groom was also adopted.

The woman had adopted a boy after losing all hopes of finding her missing daughter. She had searched for her for years but in vain, Oriental Daily reported.

She said that there would be no problem in their marriage as they were not biological siblings.

The bride was relieved to know this and the couple completed their wedding rituals.

Source: Orientaldaily 

Trust Issues: What My Girlfriend Did When I Wanted To Check Her WhatsApp

 Happy new week everyone.

I decided to bring this up on this platform caused I want candid and lucid advice. I be brief on this.

I am a Pharmacist working with one of the government owned health care centre. There's this girl I've been with for more than 2years now. She is a law student in her penultimate year in university. Like most Nigerian relationships, we started with lot of distractions and lacked commitment but over time it remained just the two of us.

At the beginning of this year 2021 we made relationship goals and decided to be transparent to each other. We shared every secrets, went through each others phone and asked questions where necessary. All went well until last month when I went to check on her in the university, asked for her phone as usual wanted checking her whatsapp. She didn't let me, said till she comes for weekend when we'll have good time for that. I was surprised, had my doubts but let it slide. She later came for the weekend, I acted as if I don't care anymore and that was it.

Similar event happened last night after she went through my phone (whatsapp, facebook, twitter etc) cos she has my password but I don't have hers. I unexpectedly asked for her phone too, she said it's late and we should leave it till am back from weekend call later in the evening. I kept my cool last night but was bent on seeing her chat this morning not until she bursted into tears. I ain't perfect, have my flaws but I am free spirited whenever I am around her. It normal for a lady to have lots of guys in her dm, but I think it's a problem when it becomes secretive to your partner.

Should I play along, start having secrets too or what's your thought guys.

NB: I skipped so many things, decided being straight to the point.


This Dream My Fiancée's Mother Had Is Bothering My Fiancée And I

 I have been making preparations since late last year to settle down with my fiancee. I intend going to collect the marriage list this coming April to kick start the marriage processes.

My girl and I are very compatible in almost all ramifications you can think of. Honestly, she's the perfect definition of a supportive wife, well mannered and loyal to the core, just to say a few.

We now lived in different states, but we've known ourselves and have been seeing/dating each other in the same city between December 2016 and September 2019. I even made her to redeploy during her NYSC in 2018, to be close to me because of my intentions for her.

As usual, we've been praying and trying to seek the face of God to get divine revelation.

So on the 9th of this month (March), my fiancee and her mum visited a priest for normal pre marriage talk/counseling. The priest of course asked my girl some questions about me, which she answered sincerely. The priest then advised my girl and her mum to put everything in God's hand and be praying about it.

About a week later (around 16th or so), my fiancée's mother had a dream where my fiancée's hair was cut in the dream. In trying to understand the dream, my fiancee then called her cousin who is a Reverend, and the cousin told her that the dream is a bad dream, that it means "someone is trying to take her glory."

That dream compelled my fiancee and her mum to have two days midnight prayer (19th and 20th precisely) to cancel any bad dream.

Reaching today, my girl and her mum visited the priest again, to let him know about the dream. The priest then asked my girl about her understand of the dream. My girl said it means "widowhood." But my girl's mum was having a different understanding.

In summary, the priest then asked my girl if she had gotten a divine revelation, as to whether we're meant to be husband and wife. My girl said no has not.

Personally, I've fasted and prayed severally to God to show me reasons not to marry my fiancee, but I'm yet to see reasons not to.

Honestly, apart from divine validation which I'm yet to get, I'm yet to see reasons why I shouldn't marry my fiancee. And my girl have been worried since this afternoon, thereby getting me worried also.

Now my questions are:

1.) What does it mean for someone's hair to be cut in a dream?

2.) Is it 100% compulsory that one must get a divine validation to have a peaceful and happy marriage?

Please, your honest contributions will be appreciated.

Mods, please help a brother if this piece isn't in the right section.

And help send it to front page for more response.


South African official apologises after his wife appears Naked behind him during Zoom meeting on Covid Crisis-VIDEOS

Xolile Ndevu speaking on a parliamentary Zoom when his wife walked in naked

Faith Muthambi, the committee's chairperson, cuts in and points out the mistake

Ndevu explained the meeting overran and his wife didn't know camera was on

 This is the embarrassing moment the wife of a South African traditional leader walks into the frame completely naked during a parliamentary Zoom meeting.

Xolile Ndevu, a member of the National House of Traditional Leaders, a body of 23 traditional leaders in South Africa, was talking about deaths from Covid-19 in the province of Eastern Cape during a meeting on Tuesday. 

During the cooperative governance and traditional affairs meeting, Ndevu was explaining how Eastern Cape is working with local doctors when his wife suddenly appeared behind him wearing no clothes.

Faith Muthambi, the committee's chairperson, cuts across Ndebua as he is speaking to point out the mistake. 

She tells Ndevu: 'Inkosi, people behind you are not properly dressed. We are seeing everything.

'Please, Inkosi, did you tell them you are in a meeting. It is very disturbing what we are seeing.'

Muthambi then tells Inkosi Sipho Mahlangu, chairperson of the National House of Traditional Leaders, that it is not the first time such an incident has taken place during a Zoom meeting.

She adds: 'Whenever we are meeting with you, we see these unruly pictures. You are live on TV.'

Ndevu covers his face with his hands and apologises: 'I'm very sorry. I was focusing on the camera and not behind me. I'm so embarrassed.'

He explained the following day: 'This Zoom technology is new to us and we were never trained. Our houses are not built so we can have privacy for these meetings.

Ndevu added that the meeting began at around 7pm and was due to finish by 10pm, but overran so he moved to the bedroom.

He said: 'As the meeting continued after 10pm, my wife came in to use the bathroom and was unaware I had the video feed on. I apologise.'

Source: Dailymail

Veteran Nollywood Actors Pete Edochie Shun Feminism -Feminism has no place in our culture he Said

 Veteran Nollywood actor, Pete Edochie, has said feminism should be held responsible for the domestic violence women suffer in marriage.

The actor told BBC Igbo that modern women lack a basic skill like cooking to keep their husbands happy, adding that women are usually to blame for cases of domestic violence.

He noted that any woman who cannot cook has lost the right to refer to herself as a woman.

He said, "Feminism isn’t something black people are known for. Once a woman leaves her parents to meet her husband and takes his surname, she is to be submissive to him. If she wasn’t married, she can do whatever she wants.

"Women walk and show off their behinds, it’s so that men would find them. If you see such a woman and express your marriage interest, then she starts walking properly. Our women now plunge into feminism nowadays.

“They can’t even keep their husbands anymore. Is that a good thing? These women are schooled but a lot of wives now can’t even cook — one thing that a woman should be good in so as to be able to keep her husband.

“My mother was not educated but she would cook all sorts of soups, including bitter leaf, Oha, Ogbono, Okro, Egusi, Ukwa, and what have you. My father would always get back home hurriedly to eat what his wife had cooked.

“Today, our wives can’t even cook anymore. Women who can’t cook aren’t supposed to call themselves women. And feminism is what causes women to be beaten up in marriages. You complain to a woman and she retorts.

"It becomes unbearable, so you stretch your arm and deal her a slap. Domestic violence starts. I don’t like seeing women crying because it hurts me deeply. But it is the fault of the woman herself a lot of times.”

According to Edochie, feminism has no place in Nigeria’s culture.

He continued, “To be honest, the understanding of women is low. I’m not a misogynist but I’ve associated with them a lot, even at work. Feminism has no place in our culture. We don’t worship women as the whites do.

“In the west, women could join forces and accuse a male colleague of assault. The man resigns. This can’t happen in our culture. As a young woman, if pedestrians don’t admire you, you’d weep for fear of not being beautiful.

"I’m a strong adherent of culture. Kneeling to put a ring on a woman’s hands is not our culture. Any man who does that transfers the headship of his family to that woman. Until my dad died at 96, he never knelt to propose.

“It’s just like kneeling down on entering a church because there’s a higher being to whom you’re paying respect. Men climb trees to tap palm wine. How does it look if women do the same? Today women dictate to men.

“It wasn’t like that in our days. How women talk to men nowadays isn’t how we were raised. My mother was never beaten. My wife and I have been married for 52 years. I never beat her. My five married sons don’t beat their wives.”

When a Nigeria Lady tell you she Need a God Fearing Man- This is what she mean

 When it comes to relationships or picking a partner for marriage, most Nigerians have a long list of preferences and what they want their spouses to possess in order to make a perfect partner.

Men have want their women to be respectful, beautiful, caring, bold and hard-working before they can consider them as "wife materials". This ideology often make some men to be too selective and usually end up being single even in their forties.

What about the women? Nigerian girls are very complicated people and their idea of an "ideal" husband might depend on age.

A teenage girl or one in her early twenties would want a fun guy, the party type that would take her places to have fun on weekends. Any guy that behaves like a husband to a girl of these age bracket will surely be disappointed as her lifestyle and mentality might be too over-whelming for him. These kinds of ladies prefer play boys and fun lovers at the moment.

Since we're talking about ladies who are choosing the kind of men they want to spend the rest of their lives with, let's get down to the point.

What do ladies mean when they say they want a "God-fearing" man?

First let's describe who a God-fearing man is. A person who is God-fearing is an overly religious person who sees nothing more important than his relationship with God. These people are try to live as holy as they can and often times, treats all people with love and respect equally. These kind of people don't lay much emphasis on romance or being a "great husband" and treat their spouses equally with the way they treat other people outside.

Now, with the above description is there any Nigerian woman that would want that kind of man? Many would cringe at the mere idea of marrying a pastor so as not to appear wearing gowns that they wouldn't normally wear.

No Nigerian woman would want to share her husband's love and affection with anyone and clearly, intimacy is a vital ingredient in marriage that must be shown as often as possible so as to keep the bond strong.

Some Nigerian women would likely cheat or even loath on her "God-fearing" husband because well, that isn't what she had hoped for.

So in summary, what people actually mean when they tell you that they want a "God-fearing man" is actually "I want a Good man''.

"I don't want someone who's too religious".

Patience Ozokwor Narrated her Ordeals in Marriage-Video

 Veteran actress, Patience Ozokwor has narrated how she got married at a young age, IgbereTV reports.

In an interview with Bolanle Olukanni which aired on Channels Television, the actress said she was married off at a young age by her parents after being told she can't wait for the person she loved.

Ozokwor who described the experience as horrible, said she endured because she didn't want to disappoint her father who loved her so much.

The actress noted that she comes from a polygamous family in which one does not leave their marriage, and from a Christian background in which divorce is not an option. She also revealed that she looked for ways to take care of her children after discovering that her husband had a terminal disease.

She also narrated how her husband who woke from coma, expressed surprise of her still sticking with him in spite of his sickness.

See video below.

Source:Igbere Tv


In a situation where two or group of people have been together for years, sharing things in common, be it affairs, ideas, social life styles etc. Then all of a sudden all these became a history and crashes. 

What do think is the cause? I have ask so many friends and they said that the cause is lack of understanding. Then I pulse to reason their answer.

 Does it mean that they have not been understanding each other all these years of been together? 

Does it mean that one or some persons among them lack understanding of each other?

 oh yes! that might be the truth but I have come up with my own real facts about that, which I tagged 

" relationship boundaries"

when we say relationship is a links between two individuals or it is an involvement of something, this shows that there is a connection which binds them and when (connection) it is no more  problems surfaces.

 One should know his/her boundaries in every relationship and learn how to deal with it for the sake of a long lasting relationship.

 It is so painful for one to loose what he/she has spent time to build for years in a twinkle of an eye just because of a mere mistake.

It is very important that we know where we fit in or belong in a relationship and maintain that position because the moment you cut across your limit/boundary the mutuality in that relationship dies gradually without you knowing until it collapses.

Even in marriage where they say husband and wife are one, yes I agree but for them to have a healthy relationship they must know their limit and respect each other for that.

 A wife should act as one and never go beyond that and vise visa. for any day she lives her position and act otherwise the marriage will begins to notice unhealthiness.

Likewise in a case of a group of people that share the goals and aspirations, the superior must stand as one and discharge his/her duty for any day he decided to go beyond that problems arises among them.

For a healthy and  long lasting relationship, you must know your boundaries.

 In summary of it all

Mind your business in every relationship so as to have focus and play your role well. Avoid finding unnecessary faults in another person's position because you can't perform every duty.

Always respect instructions and policies in any given relationship.



Binnabook Wishes the President of Ghana Nana Akufo-Addo Happy 77 years Birthday Celebration

The Management of Binnabook would like to take this opportunity to wish the President of the Republic of Ghana, H.E. Nana Addo Dankwa Akufo-Addo Happy Birthday.

It is Our humble prayer that the Almighty God shall grant President Akufo-Addo longlife, good health, unlimited grace, mercy, Godly wisdom, divine protection, success, favour AMEN.

Nana Akufo-Addo who turned 77 years today Monday, March 29 2021, was born in Swalaba, Accra. He was brought up in Ga Maamli (Accra Central) in the Nima area of Accra.

He first run for president in 2008 as flagbearer of the NPP but was beaten by the late Prof John Evans Atta Mills.

His second attempt in 2012 was also unsuccessful. He was beaten by ex President John Mahama.

He was chosen as the NPP's candidate for a third time in the 2016 elections and defeated incumbent John Mahama in the first round (winning 53.85% of the votes) which was an unprecedented defeat and the first time in the history of Ghana.

And in 2020 December he won election for a second term in office till 2024


Binna Limited wishes it's CEO Obinna Pascal Amajuoyi a Happy Birthday Anniversary Celebration

 Today been the 29th of March 2021, the CEO of Binna Limited Obinna Pascal Amajuoyi is celebrating his Birthday Anniversary.

Binna Group is Wishing him a Happy Birthday Anniversary Celebration and Many years of Prosperity.




Singer Burna Boy has been given nothing short of a royal welcome following his arrival in Port-Harcourt - The Grammy-winning artiste is in Rivers state for a homecoming event - Burna Boy was spotted in a group photograph session with Governor Wike among others.

Days after emerging as a Grammy-winning artiste, Nigerian singer, Burna Boy, has returned to pay homage to a place where it all started for him. 

The singer recently arrived in Port-Harcourt for a homecoming event to celebrate his milestone and he was given nothing short of a royal welcome. A video spotted on social media captured the moment Burna Boy and his mother, Bose Ogulu, posed with Rivers governor, Nyesom Wike, for a group photograph.

Fans in the state also trooped out in their numbers to show support for the self-styled African Giant. He was spotted in his motorcade waving to supporters who wouldn’t stop singing his praises.

Bitcoin and the Future of Planet Earth in Energy Consumption and Generation

 There was some snark thrown around in February when Elon Musk’s Tesla announced its purchase of $1.5 billion of bitcoin out of their corporate treasury. Musk has been outspoken on the role of fossil fuels in causing climate change. The businesses Musk leads explicitly are tackling this challenge. To cite the company’s website: “Tesla’s mission is to accelerate the world’s transition to sustainable energy.”

Not long after this announcement, the BBC ran a story on the significant energy usage of the Bitcoin network, as estimated by The Cambridge Centre for Alternative Finance.  The Cambridge researchers calculated Bitcoin’s energy usage to be 121.26 terawatt-hours per year, which, without being energy experts, we take to be significant consumption on par with mid-size countries. The article’s headline: “Bitcoin consumes ‘more electricity than Argentina.’”

The implication of the article is that Bitcoin consumes a lot of energy. Naturally, people question if this large amount of energy causes humans to burn more fossil fuels, emit more greenhouse gases and otherwise accelerate climate change. Can one square Musk’s embrace of bitcoin with the Bitcoin network’s energy consumption? And, for readers of this piece, should investors who are concerned about ESG issues invest in bitcoin?

Why Does Bitcoin Consume Energy?

The Bitcoin network consumes energy. This is undeniable. The Bitcoin blockchain relies on a proof-of-work method for achieving consensus on the ledger. This method of consensus requires Bitcoin miners to use specialized computers to constantly compete to solve a puzzle to propose a new block (a group of transactions) to the blockchain. The computers competing to propose a new block—and earn their bitcoin reward—are consuming electricity this whole time. This competition, and the requisite work, are intrinsic to the functioning of the Bitcoin network. Through that lens, energy consumption is not really an externality of Bitcoin. In a way, it’s the point.

Is Bitcoin Mining Inherently Bad for the Environment? (No)

If energy consumption is unavoidable, the cost of that energy becomes very important to Bitcoin miners as profit-maximizing firms in a perfectly competitive market. To maximize profits, miners must constantly keep down their largest variable cost (electricity). This is not a hypothetical. Riot Blockchain, a publicly traded cryptocurrency miner, filed an annual report with the SEC (10-K) that contains interesting language:

The operation of a bitcoin or other cryptocurrency mine can require massive amounts of electrical power. Further, our mining operations can only be successful and ultimately profitable if the costs, including electrical power costs, associated with mining a bitcoin are lower than the price of a bitcoin. As a result, any mine we establish can only be successful if we can obtain sufficient electrical power for that mine on a cost-effective basis, and our establishment of new mines requires us to find locations where that is the case.[2]

Somewhat ironically, given the global, intangible nature of Bitcoin, geographic location is critical for miners. While we often speak about energy on a global basis, the delivery of energy is a local problem, and, as Riot Blockchain points out, miners will locate as physically close to cheap energy sources as they can to lower their variable costs. To illustrate this phenomenon, we only need to look at the February 2021 blackouts in Texas in the U.S. The U.S. as a country did not lack in energy at this point in time, but, as many first learned, much of Texas operates on a separate power grid than the eastern and western regions of the U.S. Delivering energy from one point to another is a costly process—it is not freely fungible around the globe or even within a country, as this crisis has illustrated. The local nature of delivery is even more salient for renewable energy like wind or hydroelectric, which cannot be stored in barrels on a tanker (a problem Tesla is working to solve with new battery technology). If energy cannot be distributed and would otherwise be wasted, a supplier would be incentivized to sell it cheaply to a user nearby.

So, what is a Bitcoin miner to do? Locate yourself next to energy that is produced cheaply and would otherwise be wasted. While we do not have perfect data, observed patterns indicate this is what happens. Many analysts point out that China’s central planning has overbuilt hydroelectric dams in certain regions such as Sichuan. These dams produce more energy than local users consume and grids can store. Sichuan is also one of the largest sources of Bitcoin mining, suggesting that miners, smartly, have been turning clean energy that might otherwise be wasted into, effectively, the Bitcoin network. Analysts will point to numerous other examples like this. Unlike physical materials miners, Bitcoin miners are much more mobile and able to quickly relocate to the nearest electricity source regardless of the environment. In a sense, Bitcoin has, impressively, shown a way to convert wasted energy into a global asset with utility.[4]

Again, we do not have complete data here. Our review of the research has not shown that one can affirmatively state that a certain percentage of Bitcoin’s energy consumption is from renewable energy, for example. The burning of coal—still common in China—is undoubtedly a source of energy for Bitcoin miners. So long as it remains a source of energy cheaper than the price of bitcoin for miners in China, we suspect it will continue to be. Like most environmental problems, if society does not like the result of a firm’s profit-maximizing decision, it is incumbent on society to enforce costs commensurate with the negative externalities of that decision. And, if mining pools in Western countries take share away from China, you’d expect Bitcoin’s energy mix to shift toward less-polluting sources.

Compared to What?

There is a temptation for certain environmental analysts to argue that Bitcoin is merely something “extra” or “unnecessary” by comparing Bitcoin to traditional financial networks and institutions. They may argue the incremental CO2 emission from a Visa transaction is significantly lower than that of a Bitcoin transaction, so Bitcoin is not justifiable from an environmental perspective.[5]

We struggle with these comparisons. Even the most enthusiastic Bitcoin advocates would admit that the Bitcoin network has its limits as a network for small-value payments, for which Visa—a centralized network—has proven well-suited. Other decentralized ledgers operate on a much more energy-efficient basis for transactions such as these than Bitcoin. We do not think a bullish perspective on bitcoin requires one to believe that the Bitcoin network is going to replace Visa. In our view, that is highly unlikely.

Instead, bitcoin investors can simply believe the asset class will continue to have worth as a decentralized, censorship-resistant, scarce and structurally deflationary asset. None of these characteristics are contingent on Bitcoin replacing Visa or the global financial system.

Even If you do not share this view and are looking for a way to compare Bitcoin’s energy consumption to existing systems, we think this needs to be done on an “apples to apples” basis. The energy consumed by the Bitcoin network isn’t just to process the transactions but also to secure and reconcile the state of the ledger. In the traditional space, Visa processes the transaction, but it is reliant on the banking system to maintain accounts and reconcile holdings to ensure the system functions. This activity requires computers, people and office buildings, all of which require energy.

So How Should Investors Think About It?

One day, maybe we will have the data to provide a framework for investors to answer this question for themselves mathematically. But today, we do not.

Bitcoin—like gold, art, homes—requires energy to produce. By its nature, Bitcoin is well-suited to consume renewable and sustainable energy, more so than other scarce assets. There is nothing inherently anti-environmental about Bitcoin. As renewable energy sources get cheaper and costs of “dirty” energy sources continue to rise, Bitcoin’s energy mix will further adjust toward sustainability.

As a more general thought, it’s rare that a major technological advancement results in a lower overall energy requirement than the state of the world that proceeded it. The advent of the Internet and smartphones increased the energy the average person consumes as a result of the hardware everyone now has. There is no reason to think that this trend will change, but it does frame the environmental issue: How do we serve an ever-increasing energy demand without destroying the planet? This question needs to be solved urgently, but it is distinct from Bitcoin.

As such, we do not believe Tesla and Musk are inherently hypocritical for their adoption of bitcoin.

In fact, we think those who are inclined to embrace both environmental issues and bitcoin can take some comfort in their decision, as Tesla has an advanced understanding of energy supply and distribution.

Likewise, we believe investors can continue to invest in the asset class without feeling like they are abandoning ESG principles, although some investors may find the lack of data unsatisfying. There will continue to be research on this topic, and we will update our views as the research evolves.

Igbo Leaders met in Owerri to Discuss 2023 Presidency

 Ohanaeze Ndigbo Elders Council, on Saturday, met in Owerri, and mandated the President of Ohanaeze Ndigbo, Professor George Obiozor, to begin immediately consultation with other ethnic groups in Nigeria, in order to actualize Nigeria president of Igbo extraction in 2023.

This decision was contained in a communique they issued to newsmen after their meeting at the Government House in Owerri. The meeting with Governor Hope Uzodimma as the host, alongside his counterpart, Ebonyi state governor, Dave Umahi as well as representatives of other governors. They argued that 2023 would be the turn of the Igbo to occupy the plum position of the presidency, just as they warned some Igbo politicians to desist from speaking against zoning.

They spoke among other things, on the security they said: “The council mandated Ohanaeze Ndigbo leadership to work in consultation with the state government in Ala Igboland, to reduce the vulnerability of those residing outside Igboland to the current abysmal state of affairs.

 “The council agreed that Ala Igboland needs a security outfit to begin to address the things that are peculiar to the culture, religion, tradition of Ala Igboland.” On the 2023 Nigeria Presidency of Igbo extraction, “The elders’ council mandated the President General of Ohanaeze Ndigbo worldwide to work with Igbo socio-political intelligensia to pursue the task of ensuring that Ala Igbo takes the turn in producing the next president of the Federal Republic of Nigeria in 2023.

The elders’ council frowned at the sudden rhetoric from partisan leaders in Igboland that zoning should be de-emphasised. Insisting that even that will be, it will be after Igbo have taken their turn.” “The council mandated the Ohanaeze Ndigbo to also work in consultation with other ethnic groups in pursuant to this objective.

 We urge every Igbo man with the needed capacity to show interest in the 2023 presidency,” They said. Other dignitaries at the meeting included former governors of Imo state, Ikedi Ohakim, former governor of Abia state, currently a Senator, Theodore Orji, as well as former and serving members of the National Assembly members, first republic minister, Mbazulike Amaechi. Also, the President of Ohanaeze Ndigbo Worldwide, Professor George Obiozor, former Ohanaeze President, Nnia Nwodo, Elder statesman, Chief Emmanuel Iwuayanwu, Obi of Onitsha, of Igwe Alfred Achebe, Anglican Archbishop of Enugu Ecclesiastical province, Emmanuel Chukwuma among others.

The Shutting Down of SCOAN has Affected the Hospitality Industry in Ikotun Lagos State.

ONE year after the founder and Senior Pastor of the Synagogue Church of All Nations (SCOAN) Prophet T.B. Joshua, closed down the church in order to meet the government’s directive on COVID-19 pandemic, hospitality and ancillary services that depend on pilgrims and tourists to the church for their patronage are on the verge of extinction.

According to hospitality operators in Ikotun, 60 per cent of the accommodation facilities in the area have shut down sending thousands of workers into the labour market.

Even though the SCOAN has put in place all the necessary health precautions in line with the COVID-19 protocols,   Prophet T.B. Joshua has insisted he will only re-open the church when directed by God.

However, the continuous closure has caused so much hardship to the hospitality operators in Ikotun and the environs and they are hoping that the church will reopen as soon as possible.

Chief Sunny Ozumba, an owner of a hotel and a pilgrims’ hostel in Ikotun, who commented on the situation said the operators were in dire condition, “Your guess is as good as mine. You must have guessed that we are roasting. I am thinking of relocating. I am thinking of relocating because the coronavirus is not abating and the government is not telling us anything that is important to us. “The church is mindful of the current situation plus the social distance guideline and so are cautious of taking decisions. And the Synagogue Church of All Nations (SCOAN) is such that if it opens, some people will start disseminating information that people should come over for the cure of COVID-19 and all that.

“Even if the Man of God tells them don’t come, they will still come. I think he is mindful of the people’s well-being honestly, but the situation is not to our own economic interest.”

Another hotelier while commenting on the situation said “We survived other crises including the Ebola crisis, but we need God and the government’s help to survive the current situation. There is so much hunger around this area. Our source of livelihood is temporarily gone. We don’t know what to do.

Speaking further on the closure, Ozumba said “Well, we have those whose main source of clientele is accommodating pilgrims that visit the SCOAN only or mostly. I don’t know about others, but for us who are involved in accommodating pilgrims to Synagogue, we are having it tough.”

On whether the hoteliers are having any form of clientele from local pilgrims, he said “It is the same situation, except in the case of the local pilgrims, you can see one in a hundred sauntering in, but for international pilgrims, it is totally zero.”

But, there is hope. Without the hope we would have gone totally extinct. I think the church may not open its door until the virus fizzles out,” Ozumba said.

He lamented that despite the difficulty and situation, they have not received any form of palliative of help from either the state or Federal Government “During the first phase of the virus, I never knew some people from either the state or Federal Government have my details.

“They sent me a letter saying that I was going to have some palliatives. I was hoping and waiting, nothing happened. So, I shared my experience with a group I belong to. They told me that I should either wait there until I die of hunger, or go and find what to do. These days, the only things I get on my phone are vaccination messages. So, there has been no palliative of any kind.”

Source:Tribune News

AstraZeneca Is 76% Effective in Preventing All Covid-19 Illness-DrugsMaker

 AstraZeneca said its COVID-19 vaccine was 76% effective at preventing symptomatic illness in a new analysis of its major U.S. trial - a tad lower than the level announced earlier this week in a report that was criticised for using outdated information.

U.S. health officials had publicly rebuked the drugmaker for not using the most up-to-date information when it published an interim analysis on Monday that said the vaccine was 79% effective.

The latest data was based on 190 infections among more than 32,400 participants in the United States, Chile and Peru. The earlier interim data was based on 141 infections through Feb. 17.

“The primary analysis is consistent with our previously released interim analysis, and confirms that our COVID-19 vaccine is highly effective in adults,” Mene Pangalos, executive vice president of BioPharmaceuticals R&D at AstraZeneca said in a statement.

AstraZeneca said it plans to seek U.S. emergency use authorisation in the coming weeks and the latest data has been presented to the independent trial oversight committee, the Data Safety Monitoring Board.

AstraZeneca reiterated on Thursday that the shot, developed with Oxford University, was 100% effective against severe or critical forms of the disease. It also said the vaccine showed 85% efficacy in adults 65 years and older.

“A lot of us were waiting for this large, well-constructed and reported Phase III study,” said Paul Griffin, a professor at the University of Queensland.

“This appears to be a very effective vaccine with no safety concerns. Hopefully, this should now give people the confidence that this vaccine is the right one to continue to use moving forward,” he said, adding that he and his parents have taken the vaccine.

The updated 76% efficacy rate compares with rates of about 95% for vaccines from Pfizer/BioNTech and Moderna.

The AstraZeneca vaccine is, however, seen as crucial in tackling the spread of COVID-19 across the globe, not just due to limited vaccine supply but also because it is easier and cheaper to transport than rival shots. It has been granted conditional marketing or emergency use authorisation in more than 70 countries.

The highly unusual rebuke from U.S. health authorities had marked a fresh setback for the vaccine that was once hailed as a milestone in the fight against the COVID-19 pandemic, but has been dogged by questions over its effectiveness and possible side-effects.

The shot has faced questions since late last year when the drugmaker and Oxford University published data from an earlier trial with two different efficacy readings as a result of a dosing error.

Then this month, more than a dozen countries temporarily suspended giving out the vaccine after reports linked it to a rare blood clotting disorder in a very small number of people.

The European Union’s drug regulator said last week the vaccine was clearly safe, but Europeans remain sceptical about its safety.

Cuba Adopts Cryptocurrency as Part of Communist Party Agenda

 Cryptocurrency is now officially part of the Communist Party agenda in Cuba. Over the weekend, Cuba’s government adopted a proposal to incl...




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