Are You Above 25 & Under Pressure To Marry? This Video Is A Must Watch

In China, the term “sheng nu” — which translates to “leftover woman” — is offhandedly used to describe single women, many barely over the age of 25. Even in 2016, the single adult lifestyle is seen as embarrassing for these women’s families, which explains the popularity of “marriage markets,” matchmaking hubs wherein parents seek suitable partners for their shamefully single daughters. In this video from Chinese skin care brand SK-II, some of these so-called “leftovers” attempt to stand up against the pressure to settle . . . for a partner, lifestyle, or societal expectation that doesn’t suit them.

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Credit: popsugar

Why Yuan Currency Swap Will Reduce Pressure On Forex Market- Emefiele

Central Bank of Nigeria (CBN) Governor, Mr. Godwin Ifeanyi Emefiele, has expressed optimism that the agreement reached between Nigeria and China last week on a currency swap will strengthen the naira and help reduce the strong demand for the US dollar in the country.

Nigeria’s central bank has said it plans to diversify its foreign exchange reserves away from the dollar by switching a stockpile into yuan. It converted up to a tenth of its reserves into yuan five years ago.

Lin said a framework on currency swaps had been agreed with Nigeria, making it easier to settle trade deals in yuan.

Throwing more light on the currency swap, Emefiele said in a phone interview yesterday that Nigeria was not the only country that had agreed to a currency swap with China, as several other countries – developed and emerging markets – with growing trade volumes with China had entered into similar currency swaps with the Asian country.

He said as the second largest economy in the world, more and more countries are turning to China for business, as the country seeks to make its currency a convertible global currency like the US dollar, the euro, the Japanese yen and British pound sterling.

To buttress Emefiele’s point, information provided by the Peoples Bank of China (PBOC; China’s central bank) showed that China had bilateral currency swap agreements with 31 central banks for varying sums at the end of 2015.

The countries are the United Kingdom, Belarus, Malaysia, South Africa, Australia, Armenia, Surinam, Hong Kong, Pakistan, Thailand, Kazakhstan, South Korea, Canada, Qatar, Russia, the European Union, Sri Lanka, Mongolia, New Zealand, Argentina, Switzerland, Iceland, Albania, Hungary, Brazil, Singapore, Turkey, Ukraine, Indonesia, Uzbekistan, and the United Arab Emirates, totalling RMB3.137 trillion.

China has a trade volume of RMB10.747 trillion with the 31 countries with which it has currency swaps.

Emefiele said: “The agreement on the currency swap with China will definitely benefit Nigeria because the essence of the mandate is to ensure that Nigeria is designated as the trading hub with China in the West African sub-region for people who want the renminbi as a currency denomination.

“Also for us, we believe that using the renminbi will improve trade with China, as this will encourage importers to open L/Cs in the Chinese currency for the importation of raw materials, equipment and machinery from China, rather than other trading regions, so the agreement will encourage trade between both countries.”

But when reminded that trade between Nigeria and China was skewed heavily in the favour of China, he said: “On the reverse, we are working to encourage the export of raw materials to China in order to reduce the trade imbalance.

“And we aim to become competitive by improving on infrastructure especially in the area of electricity and ensuring that credit is made available to manufacturers at concessionary rates.”

Credit: Thisday

Woman Commits Suicide Over Pressure Of Being Single

Danielle Saul, a business development manager, committed suicide after her battle with depression due to her inability to cope with her friends getting married while she remained single.

According to a report, Danielle, 31, who desperately wanted to get married and had been pressured by the marriages of her friends was found hanging in her Manchester, UK home by her friend.

The sad incidence reportedly happened a few days after her attempt to get back together with an ex-boyfriend had failed.

Nigeria Under Pressure By IMF To Devalue Naira

The IMF is pressing Nigeria to further devalue its naira currency amid uncertainty over the political and economic outlook for Africa’s biggest oil producer and economy.

Analysts said there’s disappointment that President Muhammadu Buhari’s long-awaited Cabinet list — five months in the making and still not finalized — includes no economic stars to guide much-needed reform.

“There’s no economist on the (Cabinet) list that can suggest to the government ways to improve revenue generation and how to run the economy,” said Garba Kurfi, managing director of APT Securities and Funds.

Credit: AP

Pressure On Buhari, Others To Declare Liabilities

By declaring their assets, leaving out the liabilities, federal, state and local government officials might not have fulfilled all constitutional righteousness.

President Muhammadu Buhari and Vice President Yemi Osinbajo had, upon assumption of office, tendered the required documents containing information about their assets to the Code of Conduct Bureau (CCB) for scrutiny and promised to make the contents public, as pledged during the 2015 presidential election campaigns.

However, an elder statesman, Alhaji Tanko Yakassai, and some legal practitioners are arguing that if the figures reeled out last week are representative of the contents of the documents the two leaders lodged with the CCB, they might have come short of fulfilling the provision of the 1999 Constitution as amended.

Section 140, sub-section 1 of the 1999 Constitution as amended states: “A person elected to the office of President shall not begin to perform the functions of that office until he has declared his assets and liabilities as prescribed in this Constitution and he has taken and subscribed to the Oath of Allegiance and the oath of office prescribed in the Seventh Schedule to this Constitution.”

Read More: ngrguardiannews

Tyga Under Pressure To Pay House Rent Or Move Out

Tyga needs to just move in with Kylie Jenner already, because he’s been ordered to fork over $70,000 in back rent on a house in her gated community… a pad he claims he’s actually buying.

Tyga’s gone to war over the Calabasas home — just a few minutes from Kylie’s and on Monday a judge ruled he had stiffed the landlord. Even with $70k on the line, Tyga didn’t even bother showing up in court … possibly because he says he’s no renter.

Last week he filed suit against the landlord, saying he has an agreement to buy the property, and even plunked down $200,000 as a down payment. Until that’s settled, the bottom line is … he’s gotta pay up AND move out.

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