Signs
OPEC commits to stable global oil market
The Organisation of Petroleum Exporting Countries and non-OPEC ministerial meeting has reaffirmed its commitment to a stable global market in the mutual interest of producing countries. The meeting gave the assurance at the end of its virtual 17th OPEC and non-OPEC ministerial meeting on Tuesday. “In view of current oil market fundamentals and the consensus on its outlook, the meeting reaffirmed the existing commitment of the participating countries in the Declaration of Cooperation (DoC) to a stable market in the mutual interest of producing nations. “Also, the efficient, economic and secure supply to consumers; and a fair return on invested capital. “Reconfirmed the existing commitment of the 10th OPEC and non-OPEC ministerial meeting in April 2020, amended in June, September, and Decemb...
Southeast Asian leaders discuss Myanmar crisis with junta chief
Southeast Asian leaders began a crisis meeting on Myanmar on Saturday aiming to persuade Senior General Min Aung Hlaing, who led the military takeover that sparked turmoil in his country, to forge a path to end the violence. The gathering of leaders of the Association of Southeast Asian Nations (ASEAN) in Jakarta is the first coordinated international effort to ease the crisis in Myanmar, an impoverished country that neighbours China, India and Thailand. Myanmar is part of the 10-nation ASEAN. With participants attending in person despite the pandemic, Indonesia’s Foreign Minister Retno Marsudi said on Friday that the summit reflected the “deep concern about the situation in Myanmar and ASEAN’s determination to help Myanmar get out of this delicate situation”. It’s unusual for the leader o...
US: Chad rebels heading towards capital from north
The United States said rebel fighters in Chad appeared to be moving towards the capital N’Djamena and ordered non-essential staff to leave, warning of possible violence. A spokesman for the rebel Front for Change and Concord in Chad (FACT) said its fighters had “liberated” the province of Kanem, some 220 km (136 miles) from the capital N’Djamena, but the government denied this. “The authors of these false statements are not even on the ground, but somewhere in Europe,” the government said in a message posted to Facebook. A day earlier the British government urged its citizens to leave Chad because of information that two rebel convoys on the move, one near the town of Faya, some 770 km (478 miles) northeast of N’Djamena, and another by the town of Mao, the provincial capital of Kanem. On S...
Daniel Sturridge on the verge of MLS move
Daniel Sturridge could be set to move to the MLS, according to the Daily Mirror. Sturridge has been without a club since being released from Trabzonspor back in March 2020. The striker had just received a four-month ban and a £150,000 fine after a breach of betting rules. It’s been a difficult few years for the Englishman, who was once one of the Premier League’s deadliest strikers. In his first season-and-a-half at Liverpool, he scored 31 league goals in just 43 appearances, finishing as runner up in the 2013/14 Golden Boot race behind strike partner Luis Suarez. However, he suffered numerous injury problems which severely limited his game time over the next few years. Suarez’s departure and the replacement of manager Brendan Rodgers with Jurgen Klopp also impacted his form, and he found ...
Former England skipper wants brain tested for dementia signs
Former England striker Gary Lineker says he will get extra checks on his brain for signs of dementia. Research has found that former professional footballers are three and a half times more likely to die from a brain disorder than the general population. Already, an inquiry was launched by the UK parliament this month into sport’s link to dementia. Lineker, who has previously suggested a complete ban on heading in training, joined a radio programme for a Dementia in Football documentary. He revealed he and colleagues Alan Shearer and Ian Wright fear they could end up with a brain disorder. “I’ve had conversations with Alan Shearer and Ian Wright and others about the worry that, come 10, 15 years, that it might happen to one of us,” said the 60-year-old former England captain turned broadca...
Anger over arrests in Myanmar at anti-coup protests
Opponents of Myanmar’s military coup sustained mass protests for an eighth straight day on Saturday as continuing arrests of junta critics added to anger over the detention of elected leader Aung San Suu Kyi. Thousands assembled in the business hub, Yangon, while protesters took to the streets of the capital Naypyitaw, the second city Mandalay and other towns a day after the biggest protests so far in the Southeast Asian country. “Stop kidnapping at night,” was among the signs held up by protesters in Yangon in response to arrest raids in recent days. The United Nations human rights office said on Friday more than 350 people, including officials, activists and monks, have been arrested in Myanmar since the Feb. 1 coup, including some who face criminal charges on “dubious grounds”. Anger in...
2021: Banks to walk a tightrope amid low revenue environment
Nigeria’s deposit money banks (DMBs) must brace up for the challenge of 2021 that might tax their resolve to remain in business. Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles. Their valuable customers such as high net-worth individuals, corporate bodies and other institutions are equally challenged. In his book, Business Stripped Bare, celebrated iconic entrepreneur and founder of the Virgin Group, Richard Branson, says, “without trustworthy banks, there can be no business, no employment, no money. According to Branson, “People have got to be able to go to bed at night secure in the knowledge that the money they depo...
Ekiti governor mourns Prof. Ibidapo-Obe
Ekiti State Governor Kayode Fayemi has described the death of the former Vice Chancellor of the University of Lagos, Prof Oyewusi Ibidapo-Obe, as a great loss to Nigeria. Prof Ibidapo-Obe died on January 3 after a brief illness. He was aged 71. Governor Fayemi, in a statement signed by his Chief Press Secretary, Yinka Oyebode, in Ado-Ekiti, on Tuesday, said the news of Prof Ibidapo-Obe’s death was received with shock and disbelief since the late Vice Chancellor did not show any signs of illness during their last meeting. The governor, who is an alumnus of the University of Lagos, described the late Prof Ibidapo-Obe as a distinguished scholar and seasoned administrator who excelled in every assignment he undertook, adding that he demonstrated his commitment to excellence during his stint as...
Millions of Americans risk losing jobless benefits as Donald Trump refuses to sign aid bill
Millions of Americans are about to see their jobless benefits expire on Saturday as U.S. President Donald Trump has so far refused to sign into law a $2.3 trillion pandemic aid and spending package, insisting that it did not do enough to help everyday people. Trump stunned Republicans and Democrats alike when he said this week he was unhappy with the massive bill, which provides $892 billion in badly needed coronavirus relief, including extending special unemployment benefits expiring on Dec. 26, and $1.4 trillion for normal government spending. Without Trump’s signature, about 14 million people could lose those extra benefits, according to Labor Department data. A partial government shutdown will begin on Tuesday unless Congress can agree a stop-gap government funding bill before then. Af...
Mutiu Adepoju: It is wrong to call young players next Lionel Messi or Austin Okocha
AOIFOOTBALL.COM Former Super Eagles midfielder, Mutiu Adepoju, says it is wrong to call young players the next Lionel Messi or Austine Jay Jay Okocha since it puts them under lots of pressure. Adepoju, who is also nicknamed the “headmaster” in his playing days disclosed this when he spoke with BBC Sport. According to him, local media and fans must stop as it is not good for the growth of the players. He said: “I believe calling young players in the youth teams as the next Messi or Jay-Jay Okocha is unfair and unnecessary. “Indulging in this comparison is setting them up for failure because the weight of expectations will definitely affect these players mentally. “It’s the main reason some players refused to work hard and be themselves because they easily get carried away by what the press ...
Coronavirus vaccine breakthrough raises hopes of rapid global rollout
A coronavirus vaccine developed by Britain’s University of Oxford and the pharmaceutical firm AstraZeneca has shown successful results in early trials. If it is approved by regulators, the vaccine appears suitable for a fast rollout around the globe. Early analysis of trials involving 20,000 volunteers in Britain and Brazil show the vaccine is at least 62% effective after two doses. In volunteers given a different dosing regimen — a half dose, followed by a full dose — that figure rose to 90%. The average efficacy of the two dosing methods is 70%. None of those given the vaccine developed severe COVID-19 illness. Andrew Pollard, director of the Oxford Vaccine Group, said the recent successful trials of three different vaccines by Oxford-AstraZeneca, Pfizer-BioNTech and Moderna, represent a...
Grand jury indicts Woodberry for ‘wire fraud’
Olalekan Ponle, a Nigerian held in the United States for alleged multi-million-dollar fraud, has been indicted by the grand jury, a group of lawyers empowered to conduct legal proceedings and investigate potential criminal conduct. Ponle, popularly known as Woodberry, alongside Ramoni Abbas, also known as Hushpuppi, was arrested in the United Arab Emirate on June 10 for multiple fraud charges after a raid by operatives of the Dubai crime unit. According to the complaint, an unnamed Chicago company was defrauded into sending wire transfers totalling $15.2 million. Companies based in Iowa, Kansas, Michigan, New York and California also were victims of the fraud, prosecutors say. Newsmen reported how the Federal Bureau of Investigation (FBI) nabbed Ponle through details accessed from his What...
