IMPACT
Barcelona, Atletico Madrid ordered to further tighten belts by La Liga
FC Barcelona and Atletico Madrid will have to cut down the costs of their squads by more than 35 million euros ($42.14 million) following new salary limits imposed by La Liga on Tuesday to cope with the financial impact of the Covid-19 pandemic. The figures, published twice annually following each transfer window, dictate how much teams can spend on players, coaches, support staff and their youth teams. They are calculated in line with revenues, which have been obliterated by coronavirus restrictions preventing fans from attending matches for 12 months while depressing the transfer market and reducing income from merchandising. Barcelona are the club most acutely affected by the new limits and will be forced to reduce their costs by an additional 35.7 million euros, to 347 million. League ...
Energy firms’ bank debts rise to N5.94 trillion
The debts owed to Nigerian banks by oil and gas operators as well as power companies in the country rose to N5.94tn at the end of 2020 from N5.25tn in December 2019. The N5.94tn represents 29.16 per cent of the N20.37tn loans advanced to the private sector by the banks as of December, according to the sectoral analysis of banks’ credit by the Central Bank of Nigeria. Oil and gas firms, which received the biggest share of the credit from the banks, increased their debt by N600bn to N5.18tn in December 2020 from N4.58tn in December 2019. The debt owed by power firms to the banks rose to N763.22bn in December 2020 from N671.45bn in December 2019, the CBN data showed. Oil firms operating in the downstream, natural gas and crude oil refining subsectors owed N393tn as of December, up from N3.42t...
Former NAF chief Nsikak Eduok laid to rest in Akwa Ibom
It was a harvest of tributes for a former Chief of Air Staff, late Air Marshall Nsikak Eduok as his remains were laid to rest in his hometown in Ibesikpo Asutan, Akwa Ibom state on Saturday. Chief of Air Staff, Oladayo Amao who spoke at the Ibom Hall grounds Uyo during the funeral service conducted by United Evangelical Church, Founded as Qua Iboe Church, described late AM Eduok as a man of valour, integrity and a great achiever with unprecedented strive for success. Based on these sterling attributes, the Force has decided to immortalise him by naming Ultrafit Gymnasium center at the Nigerian Air Force Base Yola after him. According to him, late Eduok was one of the best hands the force had, one who changed the landscape of the service and was mentor to many retired and serving officers. ...
UNICEF partners Delta in renewed fight against malnutrition
United Nations Children’s Fund (UNICEF) has restated its commitment and support for the Delta State Government in the renewed effort to flatten the curve for malnutrition in the state, particularly through supplementary and improved dietary provisions for adolescents in the state. The UNICEF zonal Chief of Field Office (Rivers), Dr. Tushar Rane, gave the assurance in virtual remarks at a one-day meeting in Asaba with stakeholders for Scale-Up of Adolescent Nutrition Programme for six local government areas of Delta State, organised by UNICEF. While lauding the state government for putting in place necessary policy instruments for a scale-up of the adolescent nutritional status of the state because of their importance to the realisation of the Sustainable Development Goals (SDGs), he commen...
Kano set to design metro transport master plan
The Kano state Executive Council has approved the constitution of a committee, to design a Strategic Metropolitan Transport Master Plan, in order to regulate the transport system in the metropolis. This is contained in a statement signed by the State Commissioner for Information, Mr Muhammad Garba, made available to newsmen on Friday. It said the development of a Transport Master Plan for the state would strengthen economic growth and development, in line with the megacity goal of the Ganduje administration. Garba, in the statement, noted that the terms of reference of the committee, included a comprehensive mass transit system, to address the current transportation challenges. “It will also identify facilities and services to manage the dynamics of Kano as an emerging Megacity.” the state...
Northern governors condemn Zamfara schoolgirls abduction
The Northern States Governors Forum on Friday condemned another attack on Government Secondary School, Jangebe, in Zamfara State where hundreds of schoolgirls were abducted, saying enough is enough. Chairman of the Forum and Governor of Plateau State, Simon Lalong, in a statement, said this trend is unacceptable and that strong measures must be taken to put an end to it before it escalated into a monster that would consume educational pursuit and national aspirations. Lalong said this development, which is coming on the heels of the abduction of school children in Kagara, Niger State still being addressed, called for serious concerns among all Nigerians. He said “as Northern Governors, we are deeply saddened by this embarrassing and unfortunate attack on our children who are in schools to ...
French village rejects Elon Musk’s space-age internet
To realise his dream of satellite-powered internet, tech billionaire, Elon Musk, needs to install antennas around the world. In northern France, a village hopes he’ll decide to keep those antennas far away. Saint-Senier-de-Beuvron, population 350, is none too thrilled to have been picked as a ground station for Musk’s Starlink project for broadband from space. “This project is totally new. We don’t have any idea of the impact of these signals,” said Noemie Brault, a 34-year-old deputy mayor of the village just 20 kilometres (12 miles) from the majestic Mont Saint-Michel abbey on the English Channel. “As a precaution, the municipal council said no,” she explained. Musk, founder of SpaceX and electric carmaker Tesla, plans to deploy thousands of satellites to provide fast internet for remote...
French village rejects Elon Musk’s space-age internet
To realise his dream of satellite-powered internet, tech billionaire, Elon Musk, needs to install antennas around the world. In northern France, a village hopes he’ll decide to keep those antennas far away. Saint-Senier-de-Beuvron, population 350, is none too thrilled to have been picked as a ground station for Musk’s Starlink project for broadband from space. “This project is totally new. We don’t have any idea of the impact of these signals,” said Noemie Brault, a 34-year-old deputy mayor of the village just 20 kilometres (12 miles) from the majestic Mont Saint-Michel abbey on the English Channel. “As a precaution, the municipal council said no,” she explained. Musk, founder of SpaceX and electric carmaker Tesla, plans to deploy thousands of satellites to provide fast internet for remote...
NLC: Nigeria’s insecurity, poverty getting out of control
The Nigeria Labour Congress (NLC) on Wednesday held their National Executive Council (NEC) meeting, at the Nigerian Airforce Conference Centre, Abuja, where they lamented the precarious state of insecurity and economic woes in the country. According to President of the NLC Ayuba Wabba, hardly does any day passes by without one negative report of citizens either kidnapped or abducted for payment of ransome. Lamenting the situation, Wabba said our beloved country has never been emmeshed in the grips of insecurity turbulence and crisis as we witness today. He said in the past two years or so, we have witnessed an intense resurgence of terrorism, armed banditry, kidnap-for-ransom, militancy and resource conflicts all over the country. According to him, there is also the challenge of criminals ...
AC Milan ready to pay €30 million for Real Madrid’s Brahim Diaz
AC Milan are willing to pay as much as €30 million (£26m/$36m) to land Real Madrid forward Brahim Diaz, with the 21-year-old having made a positive impact during his loan spell with the Serie A side. Goal can reveal that Milan bosses are keen to make the loan move permanent and, although they do not have a purchase option, they are keen to discuss a transfer with Madrid. While Brahim has always wanted to succeed at the Bernabeu, Madrid will now weigh up whether to keep him beyond the end of the 2020-21 campaign or sell for what would be a significant amount amid the coronavirus crisis. Following his loan switch to Milan in September 2020, Brahim immediately took to life in Italy and has become an important member of Stefano Pioli’s first-team squad. He has made 25 appearances in all compet...
Nigerian government approves new debt management strategy
The Federal Executive Council (FEC) has approved a new Medium-Term Debt Management Strategy for Nigeria (MTDS) for the period 2020-2023. With the approval, announced during Wednesday’s virtual FEC meeting, the DMO which is saddled with managing the nation’s debt matters, has promised full implementation to support economic development while ensuring that public debt is sustainable. The MTDS is a policy document which provides a guide to the borrowing activities of the government in the medium-term, usually four years. It is recognised as one of the best practices in public debt management and is recommended by the World Bank and International Monetary Fund (IMF) to ensure that public debt management is driven by a well-articulated strategy that is structured to meet a country’s broader mac...
Facebook to test cutting back on political posts in the News Feed
Facebook plans to test how people respond to seeing fewer posts about politics in the News Feed. Starting this week, Facebook will “temporarily reduce” political posts for a “small percentage” of people in Canada, Brazil, and Indonesia, with a test in the US following some weeks later. The tests will continue for the next few months. The experiment comes in response to feedback Facebook has (somehow just now) heard that “people don’t want political content to take over their News Feed,” Aastha Gupta, product management director at Facebook, wrote in a blog post this morning. The goal is to improve the News Feed by “finding a new balance of the content people want to see.” Gupta says that political content only makes up about 6 percent of the typical News Feed right now in the US. Nonethele...
