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Crypto trading firm Auros Global misses DeFi payment due to FTX contagion
Crypto trading firm Auros Global appears to be suffering from FTX contagion after missing a principal repayment on a 2,400 Wrapped Ether (wETH) decentralized finance (DeFi) loan. Institutional credit underwriter M11 Credit, which manages liquidity pools on Maple Finance, told its followers in a Nov. 30 Twitter thread that the Auros had missed a principal payment on the 2,400 wETH loan, which is worth in total around $3 million. M11 Credit suggests that it is always in close communication with its borrowers, particularly after events in the last month, and said Auros is experiencing a “short-term liquidity issue as a result of the FTX insolvency.” We remain committed to providing transparent updates whenever possible, and are working with Auros to provide a joint statement that provides fur...
Manchester United, Chelsea jostle for £25 million Euro 2020 star
Manchester United and Chelsea have expressed interest in signing Denmark defender Joachim Andersen following his impressive performances at Euro 2020. Lyon centre-back Andersen, 25, featured in all three of Denmark’s knockout matches at the Euros, as Kasper Hjulmand’s side beat Wales and the Czech Republic before suffering a semi-final defeat to England. Having spent the 2019-20 season on loan at Fulham – and impressing for Scott Parker’s side despite the Cottagers’ relegation – Andersen is known to Premier League clubs. Despite returning to Lyon this summer, Andersen is expected to sign a permanent deal at an English club before next season, with a number of sides interested in securing his signature. The Sun say both Manchester United and Chelsea have identified the £25m star as a cheape...
Nigerian lawmakers approve $2.4 bn funds for security, coronavirus vaccines
Nigerian lawmakers on Wednesday approved some 982.7 billion naira ($2.4 billon) additional budget funds to help the government buy COVID-19 vaccines, and equipment for its security forces. Africa’s top oil producer, Nigeria is struggling with the economic impact of the pandemic and a slump in crude prices as well as surging violence from criminal gangs and its grinding jihadist insurgency. The approved amount is $216.8 million higher than President Muhammadu Buhari’s request made to the lawmakers in June and is expected to be sourced through international and local borrowing. Most of the funds – around 722 billion naira ($1.8 billion) would go towards the procurement of additional equipment for security forces, Senator Barau Jibrin, chair of the senate appropriation committee, said. Around...
Dick van Burik: Kevin-Prince Boateng could have reached Lionel Messi’s level
Retired former Dutch professional footballer Dick van Burik believes Kevin-Prince Boateng had the potential to reach Lionel Messi’s level. The former centre-back captained Hertha Berlin and played with the Ghanaian in the same team between 2005 and 2007. The West African, recently, made a return to the team where he started his career and signed a one-year contract. The now 47-year-old Dutch concedes the qualities of the attacker in the German team were world-class and much was expected from him. “Even when Kevin came from the youth to the first team, his potential was immediately world-class,” Van Burik said as quoted by Ghanaweb. “He can do things that you go to the stadium for. Even then he had the… attitude and simply showed what he can do. “He has become a great player but I actually ...
Imama Amapakabo: Why Andre Onana should consider Arsenal move
Andre Onana leaving Ajax and joining Arsenal would be “a good move” for the Cameroon international, according to former Nigeria U23 coach Imama Amapakabo. The Gunners have held discussions with the 25-year-old’s representatives, albeit, they have yet to decide whether they will step up their chase of the goalkeeper. Arsenal was on the lookout for a keeper following the departure of Emiliano Martinez in September 2020 and the underwhelming form of summer recruit Alex Runarsson. Despite technical director Edu and Mikel Arteta being big admirers of Onana, financial issues prevented the North London outfit from making a firm offer, instead they opted to sign Mat Ryan on loan from Brighton & Hove Albion. Amapakabo – who was a goalkeeper during his active career – and was part of the Nigeria...
June 12: Lagos markets shut, traders express fears
Despite Lagos State Commissioner of Police, Hakeem Odumosu’s appeal to Lagos residents to disregard any sit-at-home order by activists, marketers in Ogba axis of Lagos, shut their stores Saturday over fear of violent clashes between protesters and security agencies. A trader who pleaded anonymity told newsmen he had been at his shop since 6:00am but couldn’t open his shop because he was scared protesters may attack him. “Saturday market is the best because you have more people who couldn’t visit the market during the week come to the market to shop for the week. But I can’t open because I don’t know what form the protest will take. All the markets in my shop were secured by loan” he said. As observed, the Area G Police Station was peaceful and calm with no baracade, but four patrol vans we...
Turkish side Trabzonspor in love with Ademola Lookman
Trabzonspor are interested in adding Nigerian wing wizard, Ademola Lookman, to their playing personnel and have registered their interest with the player’s parent club RB Leipzig, says Turkish publications Fotomac. Lookman is not short of suitors after impressing last term during a loan spell in the Premier League with Fulham. The former Everton ace scored four goals and added another four assists in 34 matches for the Cottagers. It was not enough, though, to help the London-based side avoid relegation to the Championship just a year after celebrating a long-overdue promotion. Fulham paid €2 million to Leipzig last summer before they could get the Super Eagles hopeful, and Trabzonspor may need to cough up an equivalent sum to acquire the services of the 23-year-old. A couple of years ago, ...
West Brom release 18 players including Branislav Ivanovic, Kieran Gibbs, Hal Robson-Kanu
West Brom have released 18 players as they prepare for life in the Championship. The Baggies wave goodbye to senior stars Charlie Austin, Branislav Ivanovic, Kieran Gibbs and Hal Robson-Kanu. Sam Allardyce could not save the Midlands side from the drop – the first Premier League relegation in his managerial career – after taking over from Slaven Bilic. West Brom have since parted company with the Dudley native. The 19th placed Baggies ended up 13 points from safety as they dropped back down to the Championship at the first time of asking. And their relegation has seen nearly 20 players culled from their squad. Joining well known quartet Austin, Gibbs, Ivanovic and Robson-Kanu in departing the Hawthorns, are Zak Brown, Nicholas Clayton-Phillips, Chiekh Diaby, Tyrese Dyce and Samuel French. ...
Manchester United preparing £39 million bid for Atalanta defender
Manchester United are set to bid £39million for Atalanta defender Cristian Romero. Atalanta are reportedly planning to make Romero’s loan from Juventus permanent for £21.5m before cashing in on his services. But according to Italian newspaper La Gazzetta dello Sport, Atalanta will take up an option in the 23-year-old’s loan deal to sign him permanently. The fee is believed to be £21.5m – but some rumours suggest it could be as low as £13.75m. Reports claim the Serie A side will then look to sell Romero for €45m – around £39m – and make a huge profit. And Man United are said to be leading the race for the Argentina international’s signature. Romero has been one of Atalanta’s best players this term, making 31 Serie A appearances to help them finish third and qualify for next season’s Champio...
Tiemoue Bakayoko targeted by Fiorentina new boss
Chelsea midfielder, Tiemoue Bakayoko, is being linked with a move to Italian side Fiorentina. The defensive midfielder never made the grade at the Stamford Bridge club when he signed from Monaco several years ago. He spent last season on loan with Napoli in Serie A, where he impressed boss Gennaro Gattuso. Now that Gattuso has taken over at Fiorentina, he wants to take Bakayoko with him, per transfer specialist. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Presidency: Nigeria adopting best practices on debt management
The Senior Special Assistant to President Muhammadu Buhari on Niger Delta Affairs, Senator Ita Enang, has said that Nigeria is adopting the best practices of sustainable loan debt management as the repayment plan of the debt is tied to the projects for which the loan is taken. Senator Ita Enang disclosed this while presenting the keynote address at the Chartered Institute of Taxation of Nigeria 2021 Fellow Conferment Ceremony recently in Lagos. Speaking of the topic “Nigeria Adopting Best Practices in External Borrowing and Debt Sustainability” the Presidential Aide noted that “all the terms and conditions of the loan are laid before the National Assembly and approved in details before execution. According to him,” this is to avoid the terms being approved by the National Assembly after th...
Euro 2020: Gareth Southgate invites Bukayo Saka, 24 others
Gareth Southgate hit back at the critics after selecting Trent Alexander-Arnold for England’s Euro 2020 squad as the Three Lions boss admitted Harry Maguire is a doubt for the opener against Croatia. Alexander-Arnold had to endure a nervous wait before learning he had made the cut after spending much of the season out of favour with Southgate. The 22-year-old was left out of Southgate’s England squad for their World Cup qualifiers in March. But Alexander-Arnold’s strong end to the season with Liverpool convinced Southgate to restore the right-back to his squad. Alexander-Arnold responded to his selection by tweeting: “Always believe in yourself. Silence the doubters.” Irritated by the inaccurate pre-announcement reports that he would drop Alexander-Arnold, Southgate insisted he never lost ...
