Returns
Pentagon: US team going to Haiti to assess needs
A team of U.S. security and law enforcement experts is traveling to Haiti to determine what assistance Washington can provide following the assassination of the Haitian president last week, the Pentagon said on Sunday. “Today, an inter-agency team largely from the Department of Homeland Security and the FBI are heading down to Haiti right now to see what we can to do help in the investigative process,” Pentagon spokesman John Kirby told “Fox News Sunday.” “That’s really where our energies are best applied right now – in helping them get their arms around investigating this incident and figuring out who’s culpable … and how best to hold them accountable,” Kirby said in the interview. President Joe Biden will be briefed by the team when it returns and “then make decisions about the way forwa...
BUA increases price of cement
BUA Cement Plc has increased the ex-factory price of its cement product by N200 per bag. The cement manufacturer, it was reliably gathered, unveiled its new price increase from N2,800 to N3,000 per bag over the weekend. The price increase by BUA is contrary to what he has repeatedly asserted that his company does not have any justification to increase the price of cement as it is currently making enough returns. It would be recalled that BUA Cement, in various statements issued between April 24 and June 18 this year, had refuted any claims of increase in the ex-factory price of its cement products by N300 per bag, stating that, “the company had no plans to increase prices of its cement now or in the near future.” According to a statement issued on April 24, 2021, the company stated that, “...
Cristiano Ronaldo is unconcerned over Juventus future
Juventus superstar Cristiano Ronaldo insists his sole focus is on Euro 2020 and reports of interest from rival clubs are causing him no “sleepless nights”. Ronaldo left Real Madrid for Juve in 2019, but the move has not worked out quite as planned. Although the Bianconeri won the Serie A title for a ninth successive season in the forward’s first campaign, they lost their crown to Inter this term and scraped Champions League qualification. Success in Europe’s premier club competition, which Ronaldo won five times with Manchester United and Madrid, continues to evade the Turin giants. A frustrating season ended with Massimiliano Allegri returning to replace Andrea Pirlo, and there has been speculation Ronaldo could follow his coach out of the door. Madrid, United and Paris Saint-Germain have...
Cristiano Ronaldo is unconcerned over Juventus future
Juventus superstar Cristiano Ronaldo insists his sole focus is on Euro 2020 and reports of interest from rival clubs are causing him no “sleepless nights”. Ronaldo left Real Madrid for Juve in 2019, but the move has not worked out quite as planned. Although the Bianconeri won the Serie A title for a ninth successive season in the forward’s first campaign, they lost their crown to Inter this term and scraped Champions League qualification. Success in Europe’s premier club competition, which Ronaldo won five times with Manchester United and Madrid, continues to evade the Turin giants. A frustrating season ended with Massimiliano Allegri returning to replace Andrea Pirlo, and there has been speculation Ronaldo could follow his coach out of the door. Madrid, United and Paris Saint-Germain have...
Jordi Cruyff returning to Barcelona in advisor role
Jordi Cruyff, the son of Barcelona legend Johan, is returning to Camp Nou in an advisor role. The 47-year-old followed in the footsteps of his famous father when stepping out of the La Masia academy system in Catalunya. Much of his career was spent away from Barca, while he has also dabbled in coaching since hanging up his boots, but a familiar face now forms part of the restructuring work being put in behind the scenes by Blaugrana president Joan Laporta. Barca have said in a statement on the club’s official website: “FC Barcelona announces that Jordi Cruyff will join the football area of the Club and form part of the new organisational structure as of August 1. “Jordi Cruyff, who was a player in Barca’s youth teams and in the Barca first team from 1993 to 1996, returns in a strategic rol...
Jose Mourinho: Why I accepted to coach Roma
Jose Mourinho has said he desires to ‘create a winning project’ at Roma and chose the Gialloross for ‘the incredible passion of the fans’. The 58-year-old returns to Serie A ahead of 2021-22 with 25 major trophies in his luggage so far. The former FC Porto, Chelsea, Inter, Real Madrid, Manchester United and Tottenham Hotspur coach has accepted a three-year contract and will succeed Paulo Fonseca after the season. “Thank you to the Friedkin family for choosing me to lead this great club and to be part of their vision,” Mourinho told the club’s official website. “After meetings with the ownership and Tiago Pinto, I immediately understood the full extent of their ambitions for AS Roma. It is the same ambition and drive that has always motivated me and together we want to build a winning proje...
Wheat farmers bemoan $6.1 billion annual import, laud CBN restriction on forex for importers
The Wheat Farmers Association of Nigeria (WFAN) says about $6.1 billion is spent yearly to import wheat into Nigeria. The President of the association, Alhaji Salim Muhammad, made this known at a news conference on Wheat Forex in Abuja on Thursday. Muhammad commended the Central Bank of Nigeria (CBN) over the policy that placed wheat on Forex restriction. He described it as an impressive policy and a welcome development. According to him, Nigeria consumes 5 million metric tons of wheat per annum, while a meagre 420,000 tons is produced locally. He said that in view of numerous challenges that plagued local production, the policy would enable the government to unlock the unrealised potentials in the wheat sub-sector. “The forex restriction policy will give relevant stakeholders the confiden...
FIFA chief to break silence as Super League plunges Europe into crisis
FIFA president Gianni Infantino is expected to deliver his verdict on the European Super League on Tuesday after the widely condemned breakaway competition triggered threats of legal action and punitive measures. European body UEFA will look to support from the world football chief at its congress in Switzerland as it attempts to quash an initiative that threatens its prized Champions League and the health of domestic competitions such as England’s Premier League. Twelve powerful clubs – six from England, and three each from Spain and Italy – have signed up for the Super League, which offers guaranteed spots for its founding members and billions of dollars in payments. Currently, clubs have to qualify for the Champions League each year through their national competitions, and face a length...
Senate summons insurance firms over failure to remit N17.4 billion pension fund
The Senate Public Accounts Committee, on Monday, summoned NICON Insurance Plc, AIICO Insurance and other insurance companies over alleged failure to remit N17.4 billion fund to Pension Transitional Arrangement Directorate (PTAD). The Executive Secretary of PTAD, Dr Chioma Ejikeme, had told the panel that PTAD took over the assets and liabilities of defunct pension offices without a formal handing over. She said, “On taking over, the Directorate wrote all underwriters to make returns and remit whatever amount is in their custody into a CBN dedicated account. Some of the underwriters responded to the request while some did not. “The bank certificate of balances, accounting statements, 3 years financial statements and policy files requested by the Federal Auditor were not handed over to PTAD ...
DPR: Market forces should determine gas prices
File Photo The Department of Petroleum Resources (DPR) has advocated that market forces should be allowed to determine gas prices to guarantee the security of supply and demand of the commodity. Mr Sarki Auwalu, the Chief Executive Officer, DPR, disclosed this while presenting keynote address at the pre-summit conference on “Decade of gas’, in Abuja, on Monday. Auwalu said that the right and market-based pricing of gas was critical, as it would assure producers of returns on their investments. He also outlined five critical levers for gas development, especially as Nigeria moves to leverage its abundant gas resources for national growth, diversification of the economy and to use gas as the fuel for economic transformation. According to him, the levers include availability, accessibility, a...
Commodities trading: SEC issues new rules on warehousing, collateral management
File Photo In a bid to ensure a vibrant commodities trading ecosystem, which would in turn boost foreign exchange earnings for the country, the Securities and Exchange Commission (SEC) has released new rules covering warehousing and collateral management, among others. According to the rules, every warehouse that stores commodities to be traded on a registered exchange shall apply to be registered by the SEC, while the commission shall maintain a register of all registered warehouses to be published on its website. The new rules also provide that any warehouse applying for registration shall submit proof of ownership or registered-lease deed or rent agreement, alongside a disclaimer from the owner of the warehouse/property providing waiver of ownership regarding commodities stored in such ...
Official: NASRDA to launch another satellite in June
IBTimes The National Space Research and Development Agency (NASRDA) says it is putting modalities in place to launch a Cubesat ‘Edusat-2’ within the first half of the year. The Acting Director-General of NASRDA, Dr Francis Chizea, said this at the ongoing Science and Technology Expo on Tuesday in Abuja, where the agency showcased its research works and achievements. The science expo is with the theme “Science, Technology and Innovation for Economic Recovery and Sustainability Amidst the COVID-19 Challenges” and is a platform to showcase innovation within agencies of government, private research institutions, the academia, among other participants. Chizea explained that EduSat-2 was a build-up on EduSat-1 which the agency built in collaboration with Federal University of Technology, Akure a...
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