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IMF chief visits Nigeria amid decreased oil prices

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first_imgInternational Monetary Fund (IMF) managing director, Christine Lagarde is in Nigeria on a 4-day visit to advise Africa’s largest oil producer on how to recover from the shock of falling oil prices on the international market.The oil price has slid to $37 a barrel, a tough feat for Nigeria where 70% of revenue is realized through oil sales internationally.Lagarde is meeting with President Muhammadu Buhari and newly installed Finance Minister Kemi Adeosun.The Nigerian President recently announced a record budget for 2016. He plans to triple expenditure in a move to help the country adjust to the downturn in oil, which lost almost two-thirds of its value in the last year.Nigeria’s Central Bank has also issued a directive restricting the use of debit and credit cards abroad as a temporary measure to limit the flow of foreign currency out of the country.Nigeria’s currency Naira has also weakened further against the dollar, this on the heels of a forecast that announced a budget deficit of 2.2 trillion naira, about $11-billion.Lagarde will deliver a speech to lawmakers from Nigeria’s National Assembly and will also meet with business leaders during the visit. Also on the agenda for the IMF chief is a meeting with finance ministers from the six member nations of the economic and monetary community of Central Africa – CEMAC – she’ll address hat group on January 8th.last_img read more

Beaudry Repeats As GSC Freshman of the Week

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first_imgBeaudry had the most efficient game of his career in the road win over Shorter, completing a career-high 25 passes on 33 attempts for a school-record 75.8 completion percentage. The Oviedo, Fla. native finished with 322 yards and four while also serving as the team’s top rusher, totaling 52 yards on 14 carries and a touchdown. His 374 yards of total offense were the most in the GSC this week and he was responsible for all five offensive touchdowns in the 42-29 triumph. A week after posting a career-high eight completions of 20 yards or more, he had five of those plays on Saturday while leading the Argos to their third-consecutive road victory. BIRMINGHAM, Ala. – UWF quarterback Mike Beaudry was named the Gulf South Conference Freshman of the Week as announced by the league on Monday.  Print Friendly Version UWF (5-2, 3-2) will return to action this Saturday when it travels to No. 18/13 West Alabama (6-2, 5-1). Kickoff at Tiger Stadium in Livingston, Alabama, is scheduled for 4:00 p.m. The game is the GSC Game of the Week and will be televised on ESPN3 and the Watch ESPN app. It can be heard on the UWF Sports Network at Choice 106.9 FM and WRNE 980 AM, beginning 30 minutes before kickoff.last_img read more

3rd co-defendant takes plea deal in O.J Simpson case

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first_imgLAS VEGAS – A man accused of pulling a gun while O.J. Simpson confronted two sports memorabilia dealers in a Las Vegas hotel room told a judge on Monday that he’ll accept a plea deal and testify against Simpson and two other men. Michael McClinton, 49, of Las Vegas, became the third man to agree to plead guilty to reduced charges in the case. He told Las Vegas Justice of the Peace Joe M. Bonaventure he will plead guilty to robbery and conspiracy to commit robbery, felonies that combined could get him probation or up to 11 years in prison. McClinton spoke only to acknowledge he understood the terms of the plea agreement and to waive his preliminary hearing. In brief comments outside the courtroom, McClinton’s lawyer, William Terry, declined to say what testimony McClinton would provide. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGame Center: Chargers at Kansas City Chiefs, Sunday, 10 a.m.McClinton’s decision to take a plea came as both sides gear up for a Nov. 8 preliminary hearing. According to police reports, McClinton brought two guns at Simpson’s request to a Sept. 13 confrontation with collectibles dealers Bruce Fromong and Alfred Beardsley at an off-Strip casino hotel. McClinton wielded one gun and acted like a police offer, according to others in the hotel room. McClinton’s testimony would provide prosecutors with another account contradicting Simpson’s claim that no guns were involved when he went to retrieve items he said belonged to him. Simpson’s lawyer, Yale Galanter, did not immediately respond to a request for comment. He has criticized Clark County District Attorney David Roger for “giving away the courthouse” while cutting deals with co-defendants. Simpson and co-defendants Clarence Stewart and Charles Ehrlich face 12 criminal charges, including kidnapping, armed robbery, assault with a deadly weapon, conspiracy and coercion, and one gross misdemeanor, conspiracy to commit a crime. A kidnapping conviction alone could result in a sentence of life in prison with parole. Charles Cashmore and Walter Alexander have pleaded guilty to reduced charges and agreed to testify against the three men. Alexander, a Simpson golfing buddy from Mesa, Ariz., told police that Simpson said to bring guns, and told him later to deny that guns were used. Alexander pleaded guilty to felony conspiracy to commit robbery, and could face probation or up to six years in prison. Cashmore, a journeyman union laborer from Las Vegas, pleaded guilty to felony accessory to robbery. He could receive probation or up to five years in prison. Authorities say memorabilia taken from the hotel room included football game balls signed by Simpson, Joe Montana lithographs, baseballs autographed by Pete Rose and Duke Snider, photos of Simpson with the Heisman Trophy, and framed awards and plaques, together valued at as much as $100,000, according to police reports. For the latest news and observations on crime in Los Angeles and the San Fernando Valley, check out the Daily News’ crime blog by clicking here.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more