Wednesday, 20 January 2016

Boko Haram kingpin, 10 others arrested in Borno


A Boko Haram kingpin identified as Jarasu Shira and 10 other terrorist were arrested in Damboa, Borno state today January 20th. He was arrested at a motor park at about 8.30am along with 10 other suspected members of the group who escorted him to Damboa to connect a vehicle to Biu enroute to Lagos. Dressed as a cowboy, Jarasu and his accomplice were arrested by men of the vigilante (Civilian Joint Task Force, JTF) who are providing support to the Nigerian military fighting the sect group.

Photos: 'I know I'm old but he makes me feel like I'm young again' newlywed Grandma says


Twitter user kinley (@Kinley_paige) shared photos from her grandmother's wedding on Monday writing: "So my grandma got married today. She said to me: "I know I'm old but he makes me feel like I'm young again" Awww!

Photos: Mercy Johnson Okojie takes her adorable kids on school run


The actress pictured on a school run with two of her beautiful kids. She shared the photo on social media writing that she dropped them off at school. See another photo after the cut...



Photo: Killers of ex-FUTA VC sentenced to death


An Ondo State High Court sitting in Akure has sentenced 2 persons, Ita Enang & Olayemi Bamitale, to death by hanging, for killing a former Vice Chancellor of Federal University of Technology, Akure (FUTA), Prof. Albert Ilemobade in June 2015

Enang and Bamitale who were both domestic staff of the deceased, connived and had him killed over financial disagreement.

After killing him, they hid his body in his garage and escaped with his SUV and other valuables.

After one week of declaring him missing, family members found the late scholar's decomposing body inside a sack. Both men were arrested while trying to sell off his SUV and other valuables they stole.

While delivering judgement, the presiding judge, Justice Olamide Williams, said the prosecuting counsel had proved beyond reasonable doubt that the accused persons killed the varsity don for their selfish gain. She thereafter sentenced them to death by hanging.

See this Indian grandfather's death defying yoga routine (photos)

Khiv Raj Gurjar, from Jodhpur in the Indian state of Rajasthan, has taken extreme yoga to new heights - literally. He spends an hour each day striking yoga poses on a bicycle perched precipitously on the edge of a 300ft cliff.

He said: “When I balance and perform complex yoga postures on a cliff, I don’t feel fear or think that I will fall from this mountain.

"I can do anything on this mountain. I don’t panic anymore.”
It does help that he has 20 years of experience to keep him from plunging to a rocky death but that's not all, for Khiv, the practice serves as therapy to help him cope with intense personal tragedy.
On November 4, 2014, Khiv lost his son, grandson and wife in a road accident.
“It was terrible accident and it will take time to heal,” he said.

Khiv began practicing yoga at the age of 12, and says he has been visiting the cliff where he does his stunts since childhood.
“As a child, I used to come here from school. Then I brought a BMX cycle and started doing extreme yoga,” he said.

“I am confident that I will not fall, I believe in myself.”


A man of many talents, Khiv has represented his country at a national level as a cyclist and even competed in his country's national football league.

You'd think his family would have gotten used to his extreme routine but for them, the apprehension is ever present.
His granddaughter Yoga Gurjar, 15, says she is proud of her grandfather and wants to imitate his feats - but does worry that he will hurt himself.

She says, “I feel a bit scared when my grandfather performs these kind of stances, but I feel also proud because he is the source of inspiration for me and he is the person I want be when I grow old.
“I also want to perform like him. Having a grandfather who does stunts on mountains is like having an in-house superhero.”

Actor Babatunde Owokoniran proposes to girlfriend at Lagos Int'l airport (photos)


Nollywood Actor Babatunde Tilapia Owokoniran proposed to his girlfriend, Akinwinsola Oluwatunmise, at the Murtala International Airport in Lagos yesterday January 19th. Congrats to them. See more photos after the cut...
 

Black man threatens to kill "hundreds" of black women for calling him a sex offender


A guy named Jack Zara Maaka on Facebook took to his page earlier this week to threaten to murder hundreds of black women after claiming that he was falsely accused of being a sex offender by a black woman. His page has since been taken down by Facebook after his threats were reported by other users. Continue to see more stuff he wrote...



This is the guy...

Ifeanyi Ubah FC flies in 6 Brazilian professional footballers & 2 assistant coaches


FC Ifeanyi Ubah, one of the two privately owned clubs in the Nigerian Professional Football League has set the pace in its bid to win its first league title. The football club owned by the Billionaire businessman, Dr. Patrick Ifeanyi Ubah, has just flown in six footballers and two assistant coaches from Brazil after successful negotiations with their clubs. The players and coaches who landed Lagos, Nigeria at about 1:30PM aboard South African Airline today looked excited at the challenge ahead.

 
In telephone conversation with the club's media team about the arrival of the players/coaches, the Club Chairman, Mr Chukwuma Ubah stated how delighted the club is with the arrival of the Brazilian players and coaches. He affirmed his belief and confidence in the Brazilian players/coaches and their capacity to bring their experience to the team with a view to winning the league title for the first time and within its second attempt. He said that the choice of Brazilians will spur and challenge our local talents to bring out the best in them to meet international standard. He reiterated the club's desire to win the league this coming season and promised that the club will stop at nothing to achieving its goal.
The Agent of the players, Mr. Alexander in a visibly elated mood poured encomiums on Dr. Ubah and the Club's management  for their  vision and determination to become the premier football club not only in Nigeria, but in the whole of Africa. He further stated that FC Ifeanyi Ubah is a promising team and expressed his optimism to continue to partner positively with the club to achieve greater and lofty heights. He assured that the players will put in their best to ensure that the club achieves its goal of winning the Premier League title.
The players and coaches will be joining the other players at the club's camp base in Ibadan to commence preparations for the forthcoming season.
The Nigerian Professional Football League which kicks off by the end of February is poised to be full of fun, excitement and glamour with the arrival of the Brazilian players and the Nigerian Football League will be better for it.
See pictures of their arrival after the cut.

Army/Shitte clash: Buratai appears before Kaduna panel, says Army acted within the law


The Chief of Army Staff, Gen. Tukur Buratai, yesterday appeared before a panel of inquiry set up by the Kaduna state government over the December 12th clash between the Army and Shitte members that left over 60 people dead and many others injured. While testifying at the panel, Buratai justified the Army's attack on the shittes, saying they acted within the law.
“The circumstances leading to the incident of December 12 have been articulated by the officers involved. I was in the convoy. It was my convoy, the convoy of the Chief of Army Staff.
I left Dutse that morning, hoping to arrive Zaria in time, to attend the passing out parade of the 73 regular recruits. But the convoy was blocked when we entered Zaria. What transpired has been documented by the officers with me. They have also made their statements. They are here to give full account of what transpired. We are here because we respect human rights. We are here because we know the sanctity of human life, which we have sworn to protect. One of our constitutional roles is to defend the territorial integrity of Nigeria, which also includes the totality of the protection of human rights and indeed, the property of every Nigerian. We have laid down our lives as army officers and soldiers over the years in the course of performing our constitutional roles. There is no way we will pick our weapons and deliberatively violate the rights of the people, which we have been paid to defend and protect. This is quite fundamental. We have constitutional responsibility. Drawn from that constitutional responsibility, we also have our rules and regulations. And drawn from that we have a duty to perform in restoring peace and order where such peace and order are being disturbed. So, we followed our rules of engagement, which are derived from the laws. The Army is a very respectable organisation. We are alive to our responsibilities. In doing so, we will not tolerate a situation where, individuals, in the name of human rights, continue to violate the rights of others and then turn back and accuse highly responsible organisations, such as the Army of human rights abuse. I believe those organisations crying against what the military has been doing are not being sincere. They can be termed agents of anarchy. They don’t want law and order to prevail in the society.”he said

Stylish Ini Edo steps out...(photos)


She's been killing it lately. More pics after the cut...




Plus size top model has a way of getting back at online trolls


Plus size model, Tess Holiday, 30, has a way of getting back at online trolls, giving them more of what they love to hate. She admits she used to fightback when they came for her but now she just posts more pictures of herself in retaliation.


'When I'm having a bad day, that's when I usually take naked photos and post them online, which hasn't happened often because my mom moved in with us and she doesn't really appreciate that, that much. I don't know why,' Tess said .
She says rather than 'waste energy' replying online trolls, she now understands that she can't educate everyone on the need for acceptance. At size 22, she is the first woman her size to land a modelling contract with a prominent modelling agency

Fayose: Lai Mohammed must name 15 ex-governors, 55 Nigerians that stole N1.34tr

Read the press statement below...
Ekiti State Governor, Mr Ayodele Fayose has challenged the Minister of Information and Culture, Lai Mohammed to make public names of the 15 former governor and 55 Nigerians that he claimed stole N1.34 trillion between 2006 and 2013 or keep his mouth shut permanently.
He said; “The reality is that the APC Federal Government has destroyed the economy within eight months in power and rather than look for solutions to the problems facing Nigeria, Lai Mohammed and his cohorts are branding bogus figures about stolen money just to cover up their lack of solution to the country’s economic problems.”

 The governor, who also described as disgraceful, bringing the Peoples Democratic Party (PDP) National Publicity Secretary, Olisa Metuh to court in handcuff, said; “Even the masterminds of Mandala and Nyanya bomb blasts, Kabiru Sokoto and Aminu Sadiq Ogwuche were not handcuffed when they were arraigned in court.”

In a release issued by his Special Assistant on Public Communications and New Media, Lere Olayinka, Governor Fayose said it was funny that close to one year after it won the presidential election, the President Mohammadu Buhari-led All Progressives Congress (APC) federal government was still operating as if it was campaigning for votes.

The governor said; “They are turning governance to Nollywood, such that when one movie is about to end, they release another one. As it appears that the $2.1 billion arms deal movie is getting to an end, Lai Mohammed introduced another movie titled; N1.34 trillion loot. “Unfortunately for them this time around, Nigerians have become tired of watching the Federal Government movies, they now want reality. Nigerians are now aware of the scam in the $2.1 billion arms deal movie having seen that the amount those already charged to court were charged with is not more than N10 billion and $2.1 billion is over N600 billion.

“Therefore, Lai Mohammed must either tell Nigerians details of the 15 former governors and 55 people that he claimed stole N1.34 trillion, where the stolen money is kept and bring back the money or apologise to Nigerians for lying.” While describing the persistent claim by the federal government that the Peoples Democratic Party (PDP) destroyed Nigeria for 16 years as hypocritical, Governor Fayose said Nigerians must begin to ask which party majority of those presently ruling the country under the APC government were between 1999 and 2014.

 “Majority of those who ran the Federal Government between 1999 and 2003 under the PDP are in the APC government today. President, vice president, ministers, governors, senators and House of Reps members who were part of the PDP government are now in APC. Yet, APC keeps telling Nigerians that PDP ruined the country. This hypocrisy must stop,” he said.

The governor, who insisted that due process of the law must be followed in fighting corruption, noted that disobedience to court orders itself is a criminal offence that is more grievous than corruption. He said no amount of harassment and intimidation will silence opposition in the country, saying President Buhari and his men should rather get used to the reality that opposition must exist in a democracy.

Ecobank Nigeria launches MyMall online trading platform for SME Businesses

Ecobank, a foremost bank in Nigeria, is expanding its impact in the e-commerce industry by establishing MyMall Nigeria. MyMall Nigeria is essentially for Small and Medium Enterprises (SME) operators to sell and market their goods and services. It is designed for all categories of products and can be accessed from any part of the world.

This online mall is different from other e-commerce platforms currently in the market in a number of ways; it is merchant-focused, backed by Ecobank, a trusted financial institution with vested interest in SMEs and managed by a partner, Netplus Advisory Services which has substantial experience in the ecommerce space.

Registered merchants have access to own personalized web stores, logistic support for delivery of goods purchased online, inventory management system and a secured payment platforms for goods.

There are also international trade opportunities to market their products to the whole world and collect sales proceeds with ease. The platform will also be supported with digital marketing solutions, provide opportunities for business to business, business-to-consumer and consumer-to-consumer sales, among others.

This new offering from Ecobank is indicative of the already successful Ecobank SME club which has significantly impacted a number of SMEs by providing expert guidance and tools to properly establish and succeed at running an SME.

Perhaps most important and unique is the exposure that MyMall Nigeria gives its merchants and customers alike simply by living up to its ‘Pan-African Bank’ strategy. Ecobank with its presence in 36 African countries will in the long run be able to grant access to merchants from other countries to sell their products online using the platform.

In the same vein, customers have a diverse collection of merchants to shop from. MyMall Nigeria helps to bridge the gap between merchants and customers across different borders in Africa. In the burgeoning e-commerce industry in Nigeria, MyMall hits all the right notes for both merchants and customers by offering convenience, security, ease of transaction, payment options, logistics and visibility.

This Is What Pamela Anderson Wears To Address The French Government

Pamela Anderson has gone from Playboy to parliament.
The 48-year-old model/actress arrived in Paris Monday to address the French National Assembly looking refreshingly chic in a polka-dot top, high-waisted pencil skirt and open-toe pumps.




Anderson, a longtime animal activist, spoke to the assembly to support a bill that would abolish force feeding ducks, a practice done to fatten up their livers for foie gras. According to Reuters, the proposed law, sponsored by an environmentalist, "has little hope of passing in the absence of support from virtually all other members of parliament."

Her outfit for the occasion is a bit more formal than her outfit for a recent appearance at Miley Cyrus' "Dead Petz" tour and a lot more covered up than the completely nude shoot she did for Playboy last month, but in staying true to herself, the high-neck top was sheer, revealing her bra beneath.
Dressing chic and campaigning for a good cause looks great on you, Pam.












'My Husband Cheated Many Times And Wants Me Back... How Can I Start Caring About Him Again?'

UNHAPPY WIFE

I am a 40-year-old wife and mother. I have been with my husband 15 years, married 10 of those.  I recently found out that my husband was having an affair with a co-worker.  Unfortunately, this was not the first one.  Because of his line of work, he lost his job, as did she.  The windfall happened when I subsequently found that he has been cheating on me the entire 15 years.  I found secret bank accounts and email addresses, "dating" sites, etc.

In the past, I was hurt and would beg him to tell me what I needed to change to make him love me and not do this again.  This time, I feel different.  I can't seem to forgive him.  He swears he's changed, blah blah blah.  I was devastated when I found everything that I found -- including that he had another women in our home while I was out of the state helping plant our homestead for him to later move into. He even maintained contact with them (more than one) just in case I ever kicked him out.
It only took a few weeks for me to get over the pain and now, I'm pretty much numb to the whole thing.  In the past, I wanted to work things out, make it better, etc.  I have given him more than one second chance.  Each time with him saying he stopped when indeed he hadn't. This time, I just can't seem to get my heart to care.  If we are able to repair it, good if not, who cares.  The thing I do worry about is if I do indeed go for a divorce, he will have nowhere to go.

We moved closer to my family so HE could go to school.  My family has helped us do sooooo much, including getting him through his last certification.  I pushed and supported him through college into his Master's program.  I gave up my dreams of finishing school (three classes away from a Bachelor's degree) so we could afford to send him.  I've always pushed him and taken the back seat.

I love him but quite honestly can't stand him.  There are days when I drive as slowly as I can because I dread getting home to him.  I'm not sure if I  want a divorce or not. We have children from 19 to age 4 and I don't want to hurt my children by making them "kids of divorce."  He does have bipolar issues and I'm scared he'll try to do something stupid to himself if I do make him leave.

At one point, I did try cheating.  I went online and created a profile and even talked to one guy.  Trouble (maybe not a bad thing) is that I have too much respect for myself and the fact that I am indeed still married to do anything beyond a few non-sexual messages.  I deleted the profile after only two days.
How can I make myself care again?

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How to Survive your wife's first pregnancy and many more!

Shutterstock

Rule 1 - Learn Proper Vocabulary: 'The Bump' I encourage use of the word "bump." Never use the word "lump" by accident (I did once, but managed to persuade her that she'd misheard). A bump can be described as: tidy, neat, compact or trim. Never as: swollen, uneven, wide or 'in the way.' Telling your pregnant wife that she doesn't look pregnant from behind is always a good idea. And if you're tired from all the disrupted nights, reading a book out loud to the bump is a great way of getting everyone to sleep.

Rule 2 - Beware the Anxiety To a pregnant woman, the world becomes more dangerous than a tiger on a unicycle. Seemingly innocent foods like pineapple are suddenly cervix-softening poison. And accidentally eating some Brie will end in hours of self-recrimination. To a pregnant woman, even the blandest-looking Cheddar is possibly unpasteurized and anyone with a cough looks like they're incubating Pertussis. Remember, whilst your wife may appear to be developing Generalized Anxiety Disorder, it all makes perfect evolutionary sense. If men had to bear children, the human species would never have survived. So be prepared to do whatever research is necessary to ease her worries. And above all -- never let her do her own research (see "Rule 6 - Parenting Forums" below). Our thinking when we created Nanny App™ was to eliminate anxiety completely. It doesn't quite manage that (nothing could!) but it does give authoritative, reassuring answers to all the questions and worries new moms and pregnant women have.

Rule 3 - Mind These No's No's Never ask her if she is retaining water, losing her posture or eating too much. Never assume she'll drive just because she's not drinking. Never tell her she looks unwell. Never tell her she looks tired, or needs to 'take it easy for the sake of the baby.' Never look worried when she tells you she ate some chicken liver paté (in fact, never allow yourself to look worried no matter what happens -- it will only make the situation worse). Never laugh at the size of her new maternity bra. Never tell her you find parenting books boring. Never suggest that her friend/sister/mother would make a better birth partner than you (even if you think it's true).

Rule 4 - Nest First, there will be a wave of baby magazines. Next, you will notice your wife has started ripping pages out of them. Then you'll notice she is spending hours at a time browsing the Internet. The final stage is when she presents you with a list of all the things you never realized you needed (including a roof box for the car to carry it all). With infallible logic, she will be able to explain why the $799 Stokke baby cot is better value than the $99 Ikea version (it turns into a bed, apparently -- but I'm sceptical). The phrase, "let's think about it" will become your bank account's best friend. And be warned: You might think it's a good idea to stem the buying by mentioning the environmental impact of all the stuff you are about to buy. This will NOT encourage her to buy less stuff. She will simply buy stuff that it is eco-sourced and twice the price.


Rule 4 - Nest First, there will be a wave of baby magazines. Next, you will notice your wife has started ripping pages out of them. Then you'll notice she is spending hours at a time browsing the Internet. The final stage is when she presents you with a list of all the things you never realized you needed (including a roof box for the car to carry it all). With infallible logic, she will be able to explain why the $799 Stokke baby cot is better value than the $99 Ikea version (it turns into a bed, apparently -- but I'm sceptical). The phrase, "let's think about it" will become your bank account's best friend. And be warned: You might think it's a good idea to stem the buying by mentioning the environmental impact of all the stuff you are about to buy. This will NOT encourage her to buy less stuff. She will simply buy stuff that it is eco-sourced and twice the price.

Rule 5 - Make a Date Night You may notice that your erudite, fascinating wife starts devoting her entire conversation to one subject. Never tell your wife that you are not interested in the washing instructions for bamboo breast pads. Never try to the change the subject if she suggests you read her book on hypno-birthing. Instead, if there is a pause in the conversation, suggest that it might be good to de-stress by having a break from thinking about the baby. Suggest a weekly "Date Night" where the baby isn't mentioned. It will do you both the world of good.

Rule 6 - Steer Clear of Parenting Forums Whoever invented the Parenting Forum should face prosecution. Not only are they dangerous (I once read a mom who recommended that "smoking is fine as long as you don't do it in the first trimester"), they also spread fear and anxiety like a plague. You will, at some point, find your wife reading a parenting forum. Usually in tears as she reads about the symptoms of 'slapped cheek disease' or toxoplasmosis. As a rule of thumb, expect to spend two hours re-assuring your wife for every 1 hour she spends on a parenting forum.

Rule 7 - Empathize Remember, your wife is doing all the hard work. And being pregnant is HARD. A man can only guess what the combination of nausea, sleep-deprivation, anxiety, exhilaration and constipation really feels like. The closest a man can get is sailing single-handed across the south pacific whilst eating Imodium. But if you don't fancy that, a friend suggested this simple experiment: find a cat or small dog, tuck it up your jumper and see how you feel after a couple hours. I tried it with our spaniel. And after 20 seconds, I decided I could be a lot more sympathetic.

How to help your child learn through technology

Dad and daughter on bench using a tablet on bench

How to help your child learn through technology

Almost any game, app or website can provide a positive learning opportunity for your child if you think about ways of supporting their play.

Being there is key

Effective guided interaction is about finding ways of supporting your child’s play and learning with technology. It’s more than helping out when they get stuck, although sometimes that’s all that’s needed. Guided interaction often comes naturally: showing interest, asking questions, making suggestions, providing encouragement, praising achievements, just being nearby and helping children to deal with their frustrations. All of these can build confidence and support your child’s play and learning.

Turning virtual fun into real-world skills

Guided interaction also involves thinking about ways of extending children’s learning beyond the screen. For example, if the virtual game involves sorting objects into different categories, you could follow up with a real-world game in which your child helps to sort the washing. By doing this, you have helped them to relate what they have experienced on the screen to everyday life.

Getting children involved in your online tasks

Letting your child get involved in everyday tasks such as online shopping, checking the weather or looking up directions can also be great for giving children a sense of purpose and developing their know‐how about how to find out about things. These everyday tasks can also be great opportunities for talking with your child about the wider world and developing their general knowledge, for example, talking about what their favourite foods are and why, where the food in the shops comes from, or different kinds of weather.

How to find good apps for children

woodblock laptop with apps on

'Educational' apps

The apps, games and websites that are promoted as ‘educational’ are not always the best ones for supporting learning. The fact that they’re interactive doesn’t necessarily mean that they’re much better than an old-fashioned workbook with its right and wrong answers. Children may enjoy these products for a while but then get a bit bored, and we now know that they are not the most appropriate or engaging way to learn.

Free apps

Treat so-called ‘free’ apps with caution. Some will expose your child to adverts. Others are designed to wait until your child is engaged in a game or storyline and then demand payment before they can go any further. This can lead to frustration as young children don’t understand why they can’t continue. Sometimes it’s better to make a small payment up front if the app promises no further purchases. However, the CBeebies Playtime and CBeebies Storytime apps are free to download and completely free of adverts or in-app purchases.

Choosing the right app

Choosing an app needs the same kind of thought and care you would put into buying anything else for your child. Don’t rely only on the star rating, but read the user reviews and check the privacy policy if you’re worried about the personal information that the app might be collecting. If you want your child to enjoy learning, to develop curiosity, and to think about things creatively then provide them with a range of games and apps. Open-ended games that become progressively more challenging and encourage children to explore and have fun are more likely to establish a love of learning and to lay the foundation for their future development.

Global stock markets fall amid oil rout

Stressed US trader
Stock markets worldwide have tumbled with investors unsettled by the continued slide in oil prices and fears about the impact on global growth.
On Wall Street the Dow Jones and S&P 500 were 2% lower in early trading, whilethe Nasdaq fell 2.3%.
The FTSE 100Germany's Dax and the Cac 40 in Paris are all trading about 2.5% lower - resuming the year's sell-off.
Many markets are now in so-called bear market territory - a fall of 20% or more from their most recent peak.
The falls in Europe and the US came after Asian stocks closed sharply lower.
Markets in Dubai closed at a 28-month low, while in Japan shares fell to their lowest level since October 2014.
Top emerging market shares and currencies were also caught up in the turmoil, with the Russian rouble hitting a new record low of 80.295 against the dollar.

Analysis: Andrew Walker, economics correspondent:

Some observers think that many markets were riding for a fall. Asset prices were pumped up by ultra-low interest rates in the developed world and also by the central banks that have engaged in quantitative easing, buying financial assets with newly created money.
That happened with shares, with bonds and with commodities. For commodities the boom is well and truly over, partly due to the slowdown in China and in the case of oil mainly due to plentiful supplies.
Clearly there are some troublesome developments and the IMF has a warning: "If these key challenges are not successfully managed, global growth could be derailed."
That at bottom is what the markets are worried about.
"Investors have decided the world is a riskier place," said Laura Lambie, senior investment director at Investec Wealth Investment.
She says that concerns over growth in China, the prospect of rising US interest rates and the possibility that low oil prices might force some oil companies out of business are the main concerns for investors.
"There's been a short-term change in sentiment," she said.

Oil slide continues

North Sea Brent Crude
The downwards move came after oil prices continued to slide, with the price of international benchmark Brent Crude down 2.4% at $28.08 a barrel, around a 12-year low.
The oil price has plummeted 75% since mid-2014 as oversupply, mainly due to US shale oil flooding the market, has driven down the cost of the commodity.
At the same time, demand has fallen because of a slowdown in economic growth in China and Europe.
The world's energy watchdog warned on Tuesday that the market could "drown in oversupply".
The International Energy Agency, which advises countries on energy policy, said it expected the global glut to last until at least late 2016.
The International Monetary Fund's decision on Tuesday to downgrade its global growth forecast for this year and issue a warning about the outlook added to the dark mood among investors.
World stocks are now at their lowest levels since 2013, with the MSCI world equity index down 9.9% in January, its biggest drop since 2009.
Analysts said they expected the volatility to continue.
"I am quite pessimistic about the equity markets for the next two to three months. I do not see a 2008-style scenario, but I do see a bear market coming," said Andreas Clenow, hedge fund trader and principal at ACIES Asset Management.

Kenyan Muslim who shielded Christians in al-Shabab attack dies

Salah Farah
Salah Farah called for Muslims and Christians to look after each other
A Muslim teacher who shielded Christian fellow passengers when their bus was attacked by Islamist militants has died in surgery to treat his bullet wound.
Salah Farah was on a bus travelling through Mandera in Kenya when it wasattacked by al-Shabab in December.
The attackers told the Muslims and Christians to split up but he was among Muslim passengers who refused.
A bullet hit Mr Farah and almost a month on, he died in hospital in the capital, Nairobi.
In previous attacks in the area, al-Shabab has killed Christians and spared Muslims.
At the time, Mr Farah told the BBC's Bashkas Jugsodaay that attackers had offered him an escape.
"They told us if you are a Muslim, we are safe. There were some people who were not Muslim. They hid their heads," he said.
However, he recalled to Kenya's The Daily Nation that people were told to separate but they refused.
"We asked them to kill all of us or leave us alone."
Explaining his actions, he told Voice of America earlier this month that "people should live peacefully together".
"We are brothers.
"It's only the religion that is the difference, so I ask my brother Muslims to take care of the Christians so that the Christians also take care of us... and let us help one another and let us live together peacefully".
After his death, Inspector General of Police Joseph Boinnet paid tribute to Mr Farah, telling Kenya's Standard Mr Farah was "a true hero".
Mr Farah's brother Rashid told Kenya's The Star newspaper he hoped his brother's death would bring religious harmony and encourage Kenyans to live as one community.

Ebola: $5m vaccine deal announced

Ebola vaccine trial

The Vaccine Alliance, Gavi, has signed a $5m (£3.5m) deal for an Ebola vaccine, to protect against future outbreaks of the deadly disease.
The deal commits pharmaceutical company Merck to keeping 300,000 vaccines ready for emergency use or further clinical trials.
It will also submit an application to license the vaccine by the end of 2017, which would the next step towards enabling Gavi to prepare a global stockpile.
More than 11,000 people have died in the latest outbreak in West Africa.
The sheer scale of the outbreak - the largest in history - led to an unprecedented push on vaccines, which condensed a decade's work into less than a year.
Merck has led trials of the VSV-EBOV vaccine - which combines a fragment of the Ebola virus with another safer virus in order to train the immune system to beat Ebola.
Early evidence from studies in West Africa suggest it may give 100% protection, although more data is still being collected.

'Wake-up call'

Dr Seth Berkley, the chief executive of Gavi, said: "The suffering caused by the Ebola crisis was a wake-up call to many in the global health community.
"New threats require smart solutions, and our innovative financing agreement with Merck will ensure that we are ahead of the curve for future Ebola outbreaks."
Gavi, an alliance of public bodies and companies committed to saving lives through vaccination, announced the advanced-purchase commitment at the World Economic Forum held at Davos in the Swiss Alps.
The $5m paid to Merck will be offset against any vaccines Gavi orders once the shot is licensed.
Ebola deaths
The World Health Organization declared West Africa Ebola-free last week, after all of the affected countries had gone 42 days without a case.
But then, just hours later, a death in Sierra Leone was confirmed to be from Ebola.
The WHO has warned more flare-ups are expected.
Dr Jeremy Farrar, the director of the Wellcome Trust medical research charity, said VSV-EBOV had shown "remarkable results" and was one of the "few positive outcomes" to emerge from the epidemic.
He said: "As we saw with the new confirmed case just last week, the Ebola epidemic is likely to have a long tail and it's possible that several more isolated cases will emerge in the coming weeks and months.
"This vaccine, therefore, could still play an important role in containing any additional flare-ups of this outbreak, as well as being available to help prevent future epidemics."