Oh dear! Femi Otedola loses 1.3billion in value. Now worth $550m from $1.8billion in March this year

Recession in high places! Nigerian billionaire businessman Femi Otedola is no longer a billionaire in dollars. According to Forbes, he's now worth $550million following a massive drop in the stock price of his company, Forte Oil. Read the report from Forbes below...

As at the close of trading on Friday October 14th, Forte Oil’s share price plunged to a one-year low of N145 ($0.44) per share, down from an all-time high of N342 ($1.1) in March this year when Forbes published its annual ranking of the world’s richest people.

Apart from the tumble in Forte Oil’s stock price, Otedola’s fortune has also been adversely affected by a central bank devaluation of the Naira in June. In dollar terms, the devaluation in addition to Forte’s floundering share price has knocked about $1.3 billion off the value of Otedola’s fortune which was pegged at $1.8 billion in March.

Otedola, who is Forte Oil Plc’s Chairman, is now worth only $550 million as at the close of business of Friday, according to the FORBES’ billionaires’ database.

Femi Otedola was unavailable for comments. However, an analyst at a Lagos-based Investment bank hinted that the share price drop may not be unconnected to the current recession in Nigeria that has witnessed 2 consecutive quarters of negative growth with inflation soaring to levels as high as 17%

Atlanta teacher whose photos went viral for being sexy now does Club appearanes for a fee

Remember the Atlanta teacher's aid, Patrice Brown, whose photos went viral some months ago, after she posted the types of clothes she wore to school? Well, according to VladTV, she is now doing club appearances and getting paid big money.

Photos: See all the food a man ate to win cash prize

According to a Facebook user from Sierra Leone, the man ate three loaves of bread, eight chapatis, ten eggs, several bottles of mineral water, two raw cabbages, four apples, two bundles of raw nakati and half-kilogramme of posho and went back home with a Shs10,000 cash prize. More photos after the cut...

Rihanna steps out in a Hillary Clinton T-shirt in NYC

Singer, Rihanna wore a T-shirt with an image of Hillary Clinton on it as she stepped out in New York City Wednesday. More photos after the cut...

Angelina Jolie & kids interviewed by the FBI

Read the report from TMZ below...

Angelina Jolie and her kids were interviewed Tuesday by 2 FBI agents ... primarily to determine where exactly the incident between Brad Pitt and 15-year-old son Maddox went down.

Law enforcement sources tell us ... 2 FBI agents paid Angelina a visit at her Malibu home and spent more than 3 hours there. 

Well-placed sources tell us there is not an official investigation ... the agency is in a "fact-finding" stage to determine if there's evidence to warrant an investigation.

We're told the agents wanted Angelina and the kids to walk through the incident step-by-step, but they spent a lot of time trying to pin down the location of the airplane at the time it happened.

We're told it matters if the plane was not in U.S. airspace when the argument went down. The FBI also asked numerous questions about what happened on the ground when the plane refueled in Minnesota. There's some question as to whether Minnesota officials might have jurisdiction.

Sources tell us Angelina was cooperative but her endgame is for the whole thing to just go away.

As we reported, it's highly unlikely the FBI will press the case.

Mark Zuckerberg shares cute photo of his daughter, reveals her first word

Billionaire Facebook CEO Mark Zuckerberg shared this photo of his daughter, Maxima, playing with their dog - a white Ouli (small-medium breed of Hungarian herding and livestock guarding dog).

Chibok girls have seen the worst the world has to offer- Pres. Buhari

President Buhari today received the rescued 21 Chibok girls at the state house in Abuja. In a statement he shared on his Facebook wall, he said the girls have seen the worst the world has to offer. Read the statement below...

Today I received 21 dear daughters. They have seen the worst that the world has to offer. It is now time for them to experience the best. They will be given adequate and comprehensive medical, nutritional and psychological care and support. 

The Federal Government will rehabilitate them, and ensure that their reintegration back to the Society is done as quickly as possible. Aside from rescuing them, we are assuming the responsibility for their personal, educational and professional goals and ambitions in life. Obviously, it is not late for the girls to go back to school and continue the pursuit of their studies. We will be with them every step of the way. While joining their parents to rejoice and praise the Almighty, we shall redouble efforts to ensure that we fulfill our pledge of bringing the remaining girls back home.

Man replies a pervert who 'sexted' his girlfriend on Facebook by sending him a picture of himself in his girlfriend’s panties

28-year-old Karl Hughes and his girlfriend Jessica Davidson were out in Middlesbrough England, with their infant daughter Valencia, when a pervert sent her a text message seeking photos of Jessica in her underwear. Karl, instead of getting angry, sent of photo of himself wearing Jessica's wig, holding her bag and in nothing but a yellow pant. He then the photograph to the the pervert... lol

Lisa Omorodion wins the most Promising Actress award at the NIGMA AWARDS 2016

Actress and producer Lisa Omorodion wins the most Promising Actress award at the NIGMA AWARDS 2016. Congrats to her!

'Stretch marks are beautiful reminders of pregnancy & motherhood. Learn to love it' - Anna Ebiere

Ex-beauty Queen and mother-of-one, Anna Ebiere, advices mothers to never be ashamed of their stretch marks, but rather embrace the beautiful memories that are associated with it. In her words:

"Most people see stretch marks as scary, irritating, disgusting and dirty! But guess what? All I see is Beauty! My beautiful baby grew, played, slept and ate in there. I miss rubbing my tummy just to feel her or make her move. These marks are beautiful reminders of pregnancy and motherhood. Learn to love it if you have any! ❤#motherhood"

Former President Jonathan in South Africa (photos)

Former President Jonathan at the African Union High Level Meeting for Heads of Mission of International Election Observation Missions in Johannesburg, SA. Other participants include HE Mrs Aminata Toure, Fmr Prime Minister of Senegal. HE President Cassam Uteem, Fmr President of Mauritius, Dr. Pat Merloe, Director of Elections Integrity Programs at NDI, among others.

Guys allow your girls to cheat as well, it is impossible for a man not to cheat- singer Tekno says

In a video he shared on his IG page, singer, Tekno, asked guys to allow their babes cheat on them because according to him, it is not possible for a man to just be with only one woman.

 "Guys, if you have a girlfriend, sometimes you should allow your girlfriend to cheat on you just small because we all cheat as guys. Be honest men, there is no way you can be with one girl. It is not possible. So give the girls the chance to just cheat for one day. So girls, take out a Thursday and cheat"he said In another video which he shared on his page, the singer says he has come to realize that he got into music for the girls, money and fame and not for the passion as some of his colleagues always say."Click on the links below to watch the two videos

1. https://www.instagram.com/p/BLvXLgFjQYR/?taken-by=teknoofficial

2. https://www.instagram.com/p/BLvWVubD71e/?taken-by=teknoofficial

Photos: Fayose to inaugurate heavily built Ekiti grazing enforcement marshalls tomorrow

To show the seriousness in curtailing the activities of herdsmen in the state, Ekiti state governor, Ayo Fayose, will tomorrow, inaugurate the Ekiti state Grazing Enforcement Marshalls made of heavily built young men that will control the activities of herdsmen in the state. Last week, Fayose inspected the "arrest" of one of the cows of a herdsmen who was grazing in an undesignated area. The governor says grazing beyond 6pm in the state has become illegal. Continue to see more photos.

Khloe Kardashian wears revealing sheer lace top at launch of her denim brand (photos)

Khloe Kardashian left little to the imagination in a sheer lacy black top and her own branded 'Good American' jeans designed to make  women feel "positive in their skin" as she launched her new denim brand on Tuesday night. Her mum, Kris and her sister Kourtney were also at the event to support her. More photos after the cut.

Senate to pass bill that'll ensure government interference in football is reduced and private sponsorship increased

sports Industry- a bill that if passed into law will reduce government funding of football events, increase private funding and partnership and also reduce government interference in football.

Senate president Bukola Saraki appreciated the sponsor of the bill and referred it to the Committee on Sports & Social Development to report back in 4weeks. More tweets after the cut...

Desmond Elliot calls for assistance for ailing Nollywood actor, Prince James Uche

Actor/Lawmaker, Desmond Elliot, took to social media this morning to call for public assistance for ailing Nollywood actor, Prince James Uche, who has been ill for over a year now. He wrote;

"WHEN GOD BLESSES U, REMEMBER OTHERS, PRINCE JAMES UCHE NOLLYWOOD ACTOR HAS BEEN IN HOSPITAL STRUGGLING TO LIVE FOR OVER ONE YEAR NOW ( KIDNEY FAILURE ), MY FELLOW ARTIST,GREAT PEOPLE & FRIENDS PLS SUPPORT HIM ,HE NEED DIALYSIS ,MEDICAL CARE &,FOOD TO SURVIVE PRINCE JAMES UCHE ,WEMA BANK PLC 0232151677 OR ZENITH BANK PLC 1001063788".

Family of Lawyers! Check out photos of Nollywood actor Kenneth Okonkwo and his sisters at Enugu High Court

Nollywood actor and lawyer, Kenneth Okonkwo shared photos of himself and siblings at the Enugu High Court. He wrote: "It tastes pretty good for lawyers from the same womb to appear on the same side of a case. Glad to be with Anita and Princess my siblings at an Enugu High Court. To God be the glory"

'I think he's a racist, misogynist pig': Azealia Banks claims she and Russell Crowe were flirting before he turned on her for mocking a guest

25 year old rapper Azealia Banks has filed a battery report with the Beverly Hills Police department over claims she was racially abused and mal-handled by Hollywood actor Russel Crowe in his Beverly Hills party on Saturday night.

According to Azealia, known nowadays for her Twitter- trolling more than for her music, she was flirting with the actor before he turned on her when she started mocking another guest during the party.

'This is a stain on me. My ­femininity feels stained. I feel stained as a woman, I feel mishandled, I feel mistreated, I feel dirty. I feel very f*cking low,' she said.

Ageless beauty! Liz Benson on set of a new movie

Ageless beauty, Liz Benson Ameye pictured on the set of a new movie, Lotanna. More photos after the cut.

Photos: Tonto Dikeh left speechless after her husband buys her 2017 Lexus SUV

The actress on social media, shared the photos of the car above and wrote:

"I am indeed speechless by your love for me..Everyday I applaud myself for marrying such an awesome husband as you....Thank u my dearest husband for gifting me such a wonderful gift as dis cutie(Lexus LX 570 2017).

May God bless and enrich u dearly for me,You SHALL KNOW NOT LACK. Your Love has made me a better woman and I am grateful to God for letting our paths cross..I LOVE YOU SO MUCH #PAPAKING#MYKINGKONG #LOVERS #GIFT#PRAYINGWIFE #SANTA CAME EARLY@lexususa".