Ponziponzi's Posts
Nairaland Forum › Ponziponzi's Profile › Ponziponzi's Posts
1 2 3 4 5 6 7 8 ... 11 12 13 14 15 16 17 18 19 (of 26 pages)
SoaringLife01:Rape is a serious issue, it's no Joke. That 5mins you want to enjoy may ruin the life of the lady forever. It is a VERY sad experience that they will never forget. Don't let your loved ones (sister, daughter, even your wife) be a victim before you speak against it.
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SoaringLife01:Don't protect a rapist! Expose them, it may be your daughter or sister next. |
Munzy14:Bros, just save your energy for the time. Don’t worry, e dey come. Its seems far away now abi? E go soon reach you. Relax, na turn by turn. I just pray when e happen, people will type this your response to you. |
Munzy14:When you daughter gets raped at 17 years old, we will hear from both sides. It is coming, just be patient it’s matter of time my brother. |
Kate06:Bring a ‘Man if God’ sown? This is not the first time, Over and over. My prayer for you is for God to put your daughters (at the age of 16-17) in the same position as Bukola and make you powerless to do anything. I prayer that when you try to seek for help, may God everyone you meet to make the same comment you just made. IJN |
morikee:People will ask you this question when your daughter get raped at 17. You will know the answer then, it’s a matter of time just be a little patient you hear. |
landmark86:Someone thinking like this may end up having children o! God Nigeria has no future. |
AverageAnnie:Beyond wealth, she is a child for God sake. What else can she see? This man has 3-4 other wives. I just hope she won’t be depressed. It’s going to be a long walk. |
lilbest4:Samsung ke? Just keep quiet if you don’t know what the OP is talking about. Or better still read slowly. Did you see sign of Samsung in the plot? |
What other choice do African telecom coy have? Do they want use Nokia or Erickson? |
yomi96:You guys are actually the ignorant ones, you have no idea what this is about. This is all about 5G technology which the US has already lost the race. They don’t even come close. I was listening to Trump yesterday on CNBC and he sounded so pathetic, sane people can see through all this bullshit. Yes, Chinese is a socialist economy, everyone must not follow the western style. Singapore has shown that it must not always be the way of the west. Most African countries are poor to shit and they practice the so-called democracy and capitalism. The US has about 2.8 million of its citizen in prison, that is more than China and Indian combine. At least China is not going around destroying other people’s countries, they are building bridges. You should understand that Huawei is the biggest telecoms equipment supplier in the world. The probability that you are using Huawei equipment in your communication right now is 100%. For your information, nothing can stop Huawei, the US will only try.
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Kylekent59:I didn’t insult you. |
Kylekent59:You just described madness. |
SolarKing:US a free country that has more of her citizens in prison that China and India combined. How about that? At least China is building bridges with other countries, US will just go there and destroy the country. Countries like Iraq, Afghanistan, Libya, Syria, Cuba, Venezuela, Somalia were all destroyed at a point for selfish reasons. US may be the world power 1 today, so were Rome, Great Britain, Greece, etc., where are they now? |
dan761:For one, I will never support a 17 old girl to get married and not even for money. Poverty is not even her problem, thank God for where was born. She will actually do well, will develop her talent and will be a successful woman who commands respect. It won’t make any different how poor the person she marries. She will be alright. That’s what I will keep teaching her. |
Bloooody:May your 17-years old daughter marry a 65-year-old polygamous man in your lifetime. Ashe Eledumare |
Huawei is currently fighting a ban in the US aimed at curtailing purchases on its equipment and limiting its global reach. But that’s not the case in Africa, where the company has rapidly expanded since starting operations here over two decades ago. The Chinese telecommunications giant today announced a three-year memorandum of understanding to improve the technical expertise of the African Union and to cooperate on key issues related to information and communication technologies. As part of the agreement, Huawei will partner with the continental body to strengthen sectors including internet of things, cloud computing, broadband, rolling out 5G networks, and artificial intelligence. The initiative will also train young people in tech skills, and offer AU departments support in dealing with cybersecurity, as well as digital health and education. The deal follows a 2015 MOU which focused on improving the union’s technological capabilities, including by organizing annual tours to Huawei’s training centers in China. The timing of the agreement is crucial and strategic for the Shenzhen-headquartered company, which currently finds itself in the crosshairs of Washington DC. United States president Donald Trump has accused the company of stealing trade secrets and violating US sanctions against Iran and has barred American firms from dealing or selling equipment to Huawei. The clash is part of a bigger gambit set by Trump against China over trade amid Beijing’s growing industrial, economic, and technological foothold. Trump has threatened to introduce more tariffs over the slow pace of the negotiations, while Beijing has warned of cutting exports of rare earths used in everything from smartphones to military hardware. Huawei’s deal with the AU could also be seen in the context of trying to improve its competitive advantage in the continent. The company is already one of the biggest phone brands operating in Africa, coming just behind China’s Transsion and South Korea’s Samsung in the smartphone space. Since starting its operations in Kenya in 1998, it has used a blend of pricing, customer service, brand awareness, and a vision to bridge the digital divide to penetrate the African market. Huawei has also reportedly built about 70% of Africa’s 4G networks, vastly outpacing competitors in the demand not just for internet but for improved and faster connectivity. The firm also installed much of the communications infrastructure at the China-built African Union headquarters in Addis Ababa. After allegations surfaced last year that the AU’s confidential data was being copied and sent to servers in Shanghai through a backdoor, Huawei denied them. It also said it didn’t provide the equipment used for the AU’s intranet or extranet. Yet given Huawei’s improbable rise, the current trade ban could really undermine its future operations in Africa. This is especially true if Google cut its phones from accessing Android after the Aug. 19 grace period—potentially denying users not just popular applications like Gmail and Google Maps but essentially the world’s most widely used operating system. The telecoms supplier has said it has built its own OS as a backup option. The trade ban on Huawei could also accelerate the internet’s division into what former Google CEO Eric Schmidt called Chinese-led and US-led internets. This could put African nations in a bind, forcing them to choose between European and American telecommunications providers and Chinese tech giants, the latter of whom are significantly subsidizing Africa’s telecom and internet infrastructure. However, for now, the African Union isn’t remaining non-aligned in the push to improve Africa’s digital communications networks. “Under this agreement, we are pleased to consolidate our existing partnership with Huawei, a leading group in the fields of innovation and technological research,” Thomas Kwesi Quartey, the deputy chairperson of the AU said. “It is essential that we work closely with our partners to meet the digital transformation challenges of Africa.” https://qz.com/africa/1632111/huawei-african-union-sign-deal-to-boost-5g-ai-cloud-computing/
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jaxxy: lanre316:America and the rest of the West have no clue what they can do to stop China. They have no answer to rapid rise of China and it scares them. This has become a complicated question for Western countries to answer in recent years, and the source of much angst as they cling to archaic views rooted in an imperial past. Because China failed to develop along the Western model, it is seen in Western capitals with worry, if not outright fear. "For example, the United States’ recent decision to effectively ban Chinese telecommunications company Huawei epitomizes their deep-rooted fear. Another was the statement by a senior official of the State Department, Kiron Skinner, that for the first time the United States is being challenged by a “different civilization” and one that is “not Caucasian.” History has taught us that there is an end to every "world power", Ancient Greece, Persian, Rome, British, etc. Just look at statistics below, the rise of China is inevitable.
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Want to lose money in one of Africa’s biggest markets? Put it to work in Nigeria. Despite sitting on nearly 40 billion barrels of proven oil reserves and over $48 billion worth of investment opportunities in the oil and gas sector, Africa’s largest economy is mired in problems with big corporate investors as president Muhammadu Buhari readies his second-term after a swearing-in ceremony scheduled for May 29. Nigeria’s stock index is down 0.4% year-to-date while emerging markets are up 2.3% and the MSCI Frontier Markets 100 is up 10.2%. As one of the better known, investable African equity markets, anyone who tried their luck with the Global X Nigeria (NGE) exchange-traded fund is down 27.7% over the last 12 months. In five years, the Nigeria ETF has blown up, now down over 74.5%. Frontier and emerging indexes are better than Nigeria. It’s also worse than South Africa, Africa’s largest stock market, and Egypt, Africa’s second largest. In terms of foreign direct investment, back in 2013 inflows totaled $5.6 billion, most of it in the telecom and energy sectors. Last year, Nigeria’s FDI flattened to $2 billion. Equity investment between 2013 and 2018 has fallen from around $2.9 billion in 2013 to just $139 million in 2018. In the last quarter of 2018, there was the first net pullout of equity capital since records began under the current accounting methodology in 2008, according to data compiled by The Economist Intelligence Unit (EIU). Nigeria is Africa’s largest economy in terms of nominal GDP. South Africa comes in second, even though its GDP per capita is roughly five times that of Nigeria. It’s Nigeria’s abundant commodity resources that make it so big. But it’s Nigeria’s government that keeps it from getting bigger, and richer. “Nigeria has never been a particularly business-friendly place,” says David Bruckmeier, a sub-Saharan business intelligence analyst at London-based political risk firm AKE Group. “Outright hostile action against major foreign investors is rare, but bureaucracy, pervasive corruption, an unfavorable tax system and disputes with investors hurt investment,” he says. Nigeria’s GDP contracted 13.8% in the first quarter, wiping out last year’s economic gains. The only country to do that of late is Venezuela. And like Venezuela, Nigeria has also dealt with blackouts in the power grid—six of them this year. “Electricity price controls are a big problem,” says Benedict Craven, a Nigeria analyst for the EIU. “The private sector is given little incentive to invest.” According to USAID, the main U.S. government international aid organization, Nigeria has the potential to generate over 12,000 megawatts of electricity daily. On most days, it generates around 4,000 megawatts. A March 25 documentary by the BBC, Africa Eye, said half of Nigeria’s population has no access to electricity and those that do face daily power cuts that can last for hours. This is the kind of stuff that happens in Venezuela, a country facing U.S. sanctions, three years of economic depression and a government with dwindling support. Unlike Venezuela, Nigeria is the eighth-largest recipient of international aid. And the second largest in Africa. Nigeria has Africa’s largest gas reserves, some 190 trillion cubic feet. Yet for all of this great oil and gas wealth, the country’s electrical grid is a charade. “Perhaps most worryingly of all, the damage being done by a range of investor disputes where basic property and contractual rights are being violated seems to be on the increase,” says Shanker Singham, CEO of The Competere Group, a legal and trade advisory firm in London. “The erosion of Nigeria’s commitment to the rule of law is highly worrying, both from a political and an economic perspective,” Singham says. The most notable disputes are with South Africa telecom MTN Group, an energy project with Process & Industrial Development (P&ID), and a hydroelectric contract between Sunrise Power and Chinese investors. In the P&ID case, a London court in January 2017 said Nigeria owed the company $6.6 billion plus interest, a significant percentage of Nigeria’s $44 billion of foreign currency reserves. Both P&ID and Sunrise have been a thorn in Nigeria’s side, with Nigeria’s government on one side saying they were duped by P&ID as far back as 2012, and courts ruling against their defense on the other. So far, these two disputes alone have easily led to more than $11 billion in international legal awards against the Buhari government. As for the P&ID saga, the company’s main complaint relates to the government’s failure to complete a pipeline and other critical infrastructure. The project would have generated annually up to 2,000 megawatts of electricity for residential and commercial use. The company initiated arbitration proceedings in 2012, the standard legal set up for international investor disputes. “Whether its calculations regarding its supposed investments and foregone profits are plausible is a different matter—but the government never made any effort to challenge them anyway. Nor is it surprising that Nigeria failed to show up to court hearings in the case,” says AKE Group’s Bruckmeier. “This is exemplary of the unprofessional and nonchalant attitude Nigeria often displays in such matters.” P&ID is in limbo. “We are well aware of the government’s efforts to characterize P&ID, and its founders, as frauds,” Brendan Cahill, the company’s founder, told Nigerian daily This Day Live on May 15 in a Q&A published on its website. “The arbitrators in London spent five years carefully reviewing the written agreement and all the facts surrounding the deal, and in the end, they unanimously concluded that Nigeria was to blame for the deal’s collapse and had to pay damages to P&ID,” he says. “Not once during those five years did Nigeria present the courts with any evidence that there had been some kind of fraud—because there wasn’t one.” That battle continues in the courts. Then there is Sunrise Power. Sunrise recently brought Nigeria and its Chinese partners before the International Chamber of Commerce in Paris. Nigeria faces another $2.3 billion fine in arbitration over breach of contract. Sunrise was behind the Mambilla hydroelectric dam project. It would have been Nigeria's biggest hydropower plant, capable of generating 3,050 megawatts of power. There have been no new developments in the arbitration case as of May 20. Nigeria’s energy woes are costing it a fortune. It is also making some bond analysts nervous, judging by an article in the Financial Times recently saying Nigeria was facing “a looming external debt crisis.” Its external debt increased $12 billion in three years, going from $10 billion to $22 billion between 2015 and 2018. “Their debt service eats up 60% of their government revenue and is rising according to the IMF,” says Andrew Roche, managing partner at Finexem in Paris. “If they do not raise revenue, and if they can’t continue borrowing for whatever reason, then we are looking at a potential default or at least a period of dried up financing for Nigeria.” The economy is expected to grow at just 2% this year, according to Fitch. They have Nigeria’s credit outlook as stable. Its bonds are rated B+, a low-tier speculative grade credit. Nigeria’s general government debt is expected to rise to 292% of revenue, well above the historical B-rated credit, thanks in part to the government’s lack of progress on raising government revenue. Debt-to-GDP is below 30%. But interest payments on the debt owed to bondholders—which includes local banks—is estimated to be around 20% of general government revenue, more than twice that of average B-rated countries. “Nigeria’s markets are broken, but not in the sense that they don’t work,” says Jan Dehn, head of research for the Ashmore Group, an emerging and frontier market investment firm with holdings in Nigerian stocks and dollar-denominated debt. “Opportunities rise, get exploited, and then they end,” he says, noting that Nigeria was kicked out of the Barclays global bond index due to capital controls in 2015. Much of Wall Street’s institutional client base left. “I’ve had positive experiences with officials at the central bank and in the banks,” Dehn says. “But the quality of the (federal) government varies.” Buhari was reelected in February. Investors hope he can signal a new direction for economic policy in the months ahead. With regards to Nigeria’s investor disputes with the two energy projects, Singham estimates that the P&ID dispute can cost Nigeria nearly 40% of their foreign reserves, calling it “a significant threat to investor confidence” if not settled. Nigeria has yet to pay the settlement. “P&ID is a bigger deal than MMT and Sunrise,” he says in a phone interview from London. “If I was the Nigerian government trying to signal that we were back in business, I would do something about that case first,” he says. Global capital moves quickly. These little signals can be a powerful mover in a country that most investors believe is heading in the wrong direction. On the other hand, there is a consensus that Nigeria can transform itself pretty quickly. “Is there the political will in a new Buhari government? It might just be more of the same,” says Singham. “Change is not always about one leader. When you want to get a country to improve, you need to give oxygen to the reform-minded people in the country. I think we at least have something we can work with Buhari.” https://www.forbes.com/sites/kenrapoza/2019/05/28/nigeria-has-become-africas-money-losing-machine/#54b2dc5477ac |
A new floating bullet train capable of hitting speeds of 600 kilometers per hour (about 372 miles/hour) is one step closer to reality in China. On Thursday, the body prototype for the country's latest high-speed magnetic-levitation (maglev) train project rolled off the assembly line in the eastern Chinese city of Qingdao. Developed by the state-owned China Railway Rolling Stock Corporation (CRRC) -- the world's largest supplier of rail transit equipment -- the sleek-looking train is scheduled to go into commercial production in 2021 following extensive tests. Those involved with the project are optimistic it will completely transform China's travel landscape, filling the gap between high-speed rail and air transportation. "Take Beijing to Shanghai as an example -- counting preparation time for the journey, it takes about 4.5 hours by plane, about 5.5 hours by high-speed rail, and [would only take] about 3.5 hours with [the new] high-speed maglev," said CRRC deputy chief engineer Ding Sansan, head of the train's research and development team, in a statement. While the cruising speed of an aircraft is 800-900 km/h, at present trains on the Beijing-Shanghai line have a maximum operating speed of 350 km/h. Three years in development Maglev trains use magnetic repulsion both to levitate the train up from the ground, which reduces friction, and to propel it forward. After nearly three years of technical research, Ding said the team had developed a lightweight and high-strength train body that lays the technical foundation for the development of five sets of maglev engineering prototypes. So what comes next? CRRC Qingdao Sifang -- a subsidiary of the CRRC -- is currently constructing an experimental center and a high-speed maglev trial production center, which are expected to begin operating the second half of this year. Japan's maglev ambitions China's new prototype won't be the first train to surpass the 600-kilometer mark when it hits the testing track. A Japan Railway maglev train achieved a top spot of 603 km/hour on an experimental track in Yamanashi in 2015, setting a new world record. Japan is now developing a new Chuo Shinkansen maglev line, with trains set to hit top speeds of about 500 kph. The first phase of the project, connecting Tokyo and Nagoya, is scheduled to be completed in 2027 and is expected to cut traveling time between those cities by half. China's first commercial maglev system, a 30-kilometer stretch between Shanghai Putong Airport and the city center, opened in 2002. It has hit speeds of 431 kilometers per hour and is the world's fastest commercial maglev system to date. The project was co-created by Shanghai Maglev Transportation Development Co. Ltd., a German Consortium consisting of Siemens AG, Thyssen Transrapid GMBH and Transrapid International GMBH. While the maglev technology has been developed and touted as the future of train transportation for decades, there are only a handful of countries operating maglev trains around the world: China, South Korea and Japan. https://www.cnn.com/travel/article/china-highspeed-maglev-prototype/index.html
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How much is the company sef worth? ![]() |
LuciferQuran:God! This is suppose to be a human being o. People like you shouldn’t have children, it will save the future generation money and time. Mehn! |
mechanics:It’s three 3 years my dear, that god must be really slow. |
jaxxy:You should have gone with her to the court and tell that to the Judge and NHS. |
All because of 5G? Why is the US a bully? |
Alphabet Inc’s Google said Tuesday that it plans to work with China’s Huawei over the next 90 days, shortly after the U.S. temporarily eased some trade restrictions on the world’s second-largest smartphone maker. The move marks a sudden and dramatic turnabout for the U.S. tech conglomerate. On Sunday, Google said it would cut ties with Huawei in order to comply with Washington’s decision to put China’s telecom giant on the so-called Entity List. However, shortly thereafter, the U.S. Commerce Department announced it had granted a 90-day license for mobile phone companies and internet broadband providers to work with Huawei to keep existing networks online and protect users from security risks. The exemption allows Google to send software updates to Huawei phones which use its Android operating system through to August 19. “Keeping phones up to date and secure is in everyone’s best interests and this temporary license allows us to continue to provide software updates and security patches to existing models for the next 90 days,” a Google spokesperson told CNBC in an email on Tuesday. Temporary general license The U.S. Commerce Department said it would assess whether to extend the temporary exemptions beyond 90 days. Late last week, the Commerce Department added Huawei and 68 other entities to an export blacklist, rendering it practically impossible for the Chinese company to purchase goods made in the U.S. The companies placed on the Entity List are deemed to be engaged in activities that threaten the national security or the foreign policy interests of the U.S. Monday’s announcement explained the latest authorization had been created as a temporary general license. It allows disclosures of security vulnerabilities and for Huawei to engage in the development of standards for future 5G networks — effectively prompting the firm to become more transparent. A spokesperson for Huawei declined to comment when contacted by CNBC. Huawei was the second-largest smartphone maker by global market share in the first quarter. The company has previously laid out its ambitions to become the top player in smartphones by 2020. Out of the $70 billion Huawei spent buying components in 2018, some $11 billion went to U.S. firms including Qualcomm, Intel and Micron Technology. Just over 49% of Huawei’s smartphone shipments went to international markets outside of mainland China in the first quarter of 2019, according to Canalys. https://www.cnbc.com/2019/05/21/google-will-work-with-huawei-for-next-90-days-after-restrictions-eased.html |
Isinweke: ![]() |
Isinweke:What are you talking about? What has Korea got to do with the OP? |
Isinweke:What is Korea? |
martineverest:In first place, there is no evidence to the allegations provided by US. They have continually asked for proof, to which none has been provided. Huawei signed the agreements because the believe they have nothing to lose. Same thing with the Nord II built from Russian to Germany for LNG. You can’t just keep being a bully. |
RTSC:The Chinese citizens in jail, are they employees of Huawei? How can someone even steal what you don’t have? Besides, everyone built their technology from somewhere. That’s how the world works. In the 18-19th century, American built their technology from the Europe especiallly the Great Britain. You can read about the textile industriy in GB between 1800-1900. |
martineverest:It’s all about 5G, everyone knows that the 5G technology will define many of the future technologies like the AI. US is really scared that China will have an advantage which is true. Huawei has invested heavily on the 5G technology and have the largest patents and other things to build the network. US have been pressuring every other countries not to use Huawei equipment in building 5G, it’s been a monumental failure in many European countries like UK, Italy and Germany. All what these countries are asking from the US is to prove the allegations. |
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