Report
Atletico Madrid decide on Lyon striker as Diego Costa replacement
Atletico Madrid have decided to sign Lyon striker Moussa Dembele as their replacement for Diego Costa, report Deportes Cuatro. Costa terminated his contract at Atleti at the end of last month so the club have been compiling data on his potential replacement with his wages now freed up in the squad. Striker Luis Suarez is now the main frontman at the club but with Alvaro Morata having also left over summer, there is a dearth of attacking options in the squad. French striker Dembele had netted an impressive 44 goals across his first full two seasons at Lyon – whom he joined from Celtic in 2018 – but has struggled this campaign, netting just once in 16 Ligue 1 appearances, of which just six have been from the start. It is now said by the report that Atleti are hopeful of taking advantage of t...
Rivers taskforce sacks 11 operatives for ‘collecting bribes’
Eleven operatives of the newly formed Rivers Taskforce on Illegal Trading and Motor Parks were sacked on Thursday for collecting bribes from members of the public around Choba area in Obio-Akpor local Government area of the State. The task force members were sacked barely five days after the task force recommence operation. Coordinator of the Taskforce, DSP Felix Nwadibe (retired) who disclosed this in Port Harcourt said they were sacked based on reports and verifiable evidences of misconduct, despite several warnings before the commencement of the new exercise. He also said the sacking would serve as a deterrent to other members of the taskforce who want to indulge in such act. He expressed satisfaction at the level of performance of the taskforce members so far, pointing to the level of ...
Donald Trump allies in Congress to challenge his loss to Joe Biden
A band of President Donald Trump’s Republican allies planned a last-ditch effort on Wednesday to undo his election loss to Democrat Joe Biden, a bid almost certain to fail that comes on the same day their party is poised to lose its majority in the Senate. The Republican-led Senate and Democratic-controlled House of Representatives were due to meet to formally certify Biden’s victory in the Nov. 3 election in proceedings that could stretch past midnight. In a joint session of Congress, Trump’s allies plan to challenge the results from a handful of states won by Biden. Thousands of pro-Trump protesters converged on Washington ahead of the session at his urging. Some clashed with police overnight. Biden won the election by a 306-232 count in the state-by-state Electoral College and by a marg...
FBI probing threat to crash airplane into U.S. Capitol to avenge Iranian general’s assassination – reports
The Federal Bureau of Investigation (FBI) is investigating the crashing by unknown persons, of radio frequencies used by U.S. air traffic controllers, to broadcast a threat to fly an airplane into U.S. Capitol in revenge for the assassination of prominent Iranian General Qasem Soleimani. U.S. broadcaster CBS news reported this on Wednesday. Congress is due to convene for a meeting later in the day to certify Joe Biden’s victory in the presidential election. “We are flying a plane into the Capitol Wednesday. “Soleimani will be avenged,” what sounded like an electronically generated male voice said on the audio recording, published by CBS. According to the broadcaster, citing sources, while the threat is not treated as credible by the U.S. government, it is being investigated as a breach of ...
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
ABS-CBN The World Bank says global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It said this in a statement issued in Washington D.C. on Tuesday at the presentation of the January 2021 Global Economic Prospects. It added that the said recovery would likely be subdued unless policy makers moved decisively to tame the pandemic and implement investment-enhancing reforms. The bank also said that growth in Sub-Saharan Africa was forecast to rebound moderately to 2.7 per cent in 2021, while Nigeria’s growth was expected to resume at 1.1 per cent. For the region, it said that while the recovery in private consumption and investment was forecast to be slower than previously envisioned, export growth was expe...
TUC: Electricity tariff hike another betrayal of trust
File Photo The Trade Union Congress of Nigeria, TUC, has expressed disappointment over the latest hike in electricity tariff, describing is as a betrayal of trust. TUC, in a statement by its President and Secretary-General, Quadri Olaleye, and Musa-Lawal Ozigi, respectively, said: “We are disappointed by the recent hike in electricity tariff, while negotiations were ongoing with the Organised Labour on the last hike because of the untold hardship it has brought on the workers and Nigerians as a whole. “Sometimes we wonder why this government espouses unfriendly policies that are capable of crippling the economy. “There are many companies that have either closed shops or relocated to neighbouring countries because they cannot afford to pay the last tariff hike, yet this government has done ...
Frank Lampard under serious threat of being sacked as Chelsea boss
According to a damning on-the-whistle report from The Athletic, Frank Lampard’s job at Chelsea is under serious threat after the 3-1 defeat to Manchester City. The loss to Pep Guardiola’s side marked Chelsea’s fourth in their last six Premier League games, the Blues have won just once over this period – against West Ham – who they are now level on points with. It’s not just the results though, the Blues have lost to sides that are firmly contenders for European competition like Wolves and Everton – whilst they were stunned by rivals Arsenal on Boxing Day. The Athletic report that the west London outfit have now begun to ‘explore alternative plans’ in regards to the team’s future, with the consideration that Lampard will be sacked if this run continues. Chelsea now sit eighth in the Premier...
ABC: California nurse tests positive over a week after receiving Pfizer coronavirus vaccine
A 45-year-old nurse in California tested positive for COVID-19 more than a week after receiving Pfizer Inc’s coronavirus vaccine, an ABC News affiliate reported on Tuesday. Matthew W., a nurse at two different local hospitals, said in a Facebook post on December 18 that he had received the Pfizer vaccine, telling the ABC News affiliate that his arm was sore for a day but that he had suffered no other side-effects. Six days later on Christmas Eve, he became sick after working a shift in the COVID-19 unit, the report added. He got the chills and later came down with muscle aches and fatigue. He went to a drive-up hospital testing site and tested positive for COVID-19 the day after Christmas, the report said. Christian Ramers, an infectious disease specialist with Family Health Centers of San...
Kogi Assembly passes 2021 budget estimate of N130.54 billion into law
The Kogi House of Assembly on Tuesday passed the N130.54 billion Appropriation Bill tagged “Budget of Accelerated Recovery” into law. Newsmen report that the House considered the bill Clause-by-Clause at the “Committee of the Whole” of the House at plenary in Lokoja. Aderonke Aro (APC-Yagba West) and Chairman, House Committee on Finance, Budget Monitoring and Economic Planning, presented the committee’s report for consideration. Aro declared that Ministries, Departments and Agencies (MDAs) with genuine reasons for adjustments in their allocations were taken care of during the defence of their respective budgets. In the budget presented to the House on Dec. 1, Gov. Yahaya Bello of Kogi had said that the budget was indicative of the assessment of the amount the state could generate on its ow...
Nigerian government borrows over N2 trillion from bond investors in 2020
Leveraging on excess liquidity that persisted in the banking system and the near zero yields on treasury bills (TBs), the Federal Government, through the Debt Management Office (DMO), raised N2.1 trillion from investors in its monthly bond issuance programme in 2020. This represents 33 percent, year-on-year, (y/y) increase when compared with the N1.58 trillion raised by the DMO in 2019. The N2.1 trillion raised in 2020 also represents 31 percent more than the N1.6 trillion funding target for the DMO under the Revised 2020 Budget. Meanwhile, the monthly bond auctions conducted by the DMO in 2020 recorded 275 percent oversubscription, reflecting scramble for the high yielding FGN bonds by investors. Newsmen report on monthly bond auction results show that the DMO offered N1.825 trillion wort...
CBN: Naira to fall further in January
Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out by its Statistics Department revealed that the naira is expected to depreciate further in January 2021. The report, titled, ‘December 2020 Business Expectations Survey Report’ added that there might also be a steady rise in interest rate from December till the next six months. The naira witnessed a sharp fall in recent weeks, reaching its lowest on November 30, 2020, when it exchanged for N500/$1. Since then, the dollar has been hovering between N460 and N470. As of Friday, however, one dollar exchanged for 465 in the parallel market. Also, the Nigerian economy had on November 21 slid into its second recession in five years when the economy shrank again in the third quarter. Th...
Kebbi governor empowers 205 women vegetable sellers with N6.15 million
The Kebbi Governor, Alhaji Atiku Bagudu, on Sunday, donated N6.15 million to 205 women vegetables sellers in the state as part of efforts to encourage them to be self-reliant. Newsmen report that each of the 205 women received N30,000 from the donation, in order to boost their vegetable businesses. Gov. Bagudu, who announced the donation at the graduation of the benefitting women in Birnin Kebbi, said that all the women who benefitted from the program had received training in preservation of perishable items. “The comprehensive training of the women traders was conducted by the state chapter of the Kebbi State Vegetables Sellers Association,” he said, lauding the association for the unparalleled gesture that was worthy of emulation by other groups. “The association needs to be commended fo...
