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Man Utd Interested In PSG Keeper Navas

Paris Saint-Germain goalkeeper Keylor Navas is the subject of interest from Manchester United – according to Marca.

The Red Devils could look to bring in the 34-year-old this summer amid speculation over the future of current ‘keepers David De Gea and Dean Henderson.

Juventus and Milan have also been linked with Navas, who is set to lose his spot between the sticks at PSG to Gianluigi Donnarumma, who will join the club on a free transfer after leaving San Siro.

Glazer Addresses Man Utd Transfer Budget

The club has been saddled with debt since the leveraged takeover in 2005 but the owner insists it does not affect plans to sign big-name players

Manchester United co-chairman Joel Glazer has defended the club’s level of debt and dividend payments to the owners and insists it has no impact on transfers.

The Glazer family have been heavily criticised during their 16 years in charge and one of the reasons is that their leveraged buyout of the club in 2005 landed the club with millions of pounds worth of debt. 

In addition to that, they have continued to pay themselves dividend payments worth over £100 million during their tenure of ownership, but Glazer defended their actions to supporters at a Fans’ Forum meeting last week.

What was said? 

Initially, Glazer, who was attending the meeting for the first time, was asked about why they take their dividend payments. 

“I know this is a subject that a lot of people have a lot of different views on, but when we take things and look at things as a whole, we think that Manchester United is a very well run club,” he said.  “We’re able to spend with the top clubs throughout Europe, whether it’s wages or transfer fees, we’ve been able to keep our ticket prices low, we’ve not increased them in over 10 years.

“We’re able to pay a dividend but it’s a modest proportion of our five to six hundred million pounds of revenue; it’s less than three per cent of that.

“It has never stood in the way of us pursuing players or transfers on the pitch. We may have walked away from transfers at times because the other side wanted an outlandish number. And while it’s easy to pay it that one time, it does have consequences.

“You do it once and the next person expects it, and then the next person expects it. And that’s not good, ultimately, for the club. So, we think that we’re able to accomplish all these things and still have a very, very successful club and invest, and do everything that’s necessary for a club of our stature.”

What about the debt? 

The next question from one of the representatives on the forum was about the level of debt and why the money they take out could not be used to pay part of that off. 

“I know this is clearly another area that has got a lot of discussion and debate over the years. We think we have a very comfortable position when it comes to this. We have debt, but a lot of other clubs do have debt as well,” Glazer explained. 

“We pay a very low interest rate, mostly fixed interest debt. So, if interest rates went up it would not affect us, but we had made progress in reducing our debt over the last several years.

“The net debt was meaningfully reduced a couple years ago. Unfortunately, the pandemic hit and we have had to use a lot of our cash reserves because we didn’t have any supporters in the stands, we didn’t have the matchday revenue, and that has affected us, like it’s affected all the clubs throughout Europe. The difference is we’ve been able to keep investing. We’re strong.”

Throughout a lengthy response, the club’s co-chairman also pointed towards the fact they did not furlough anyone and pledged investment in their ‘big plans’ for the training ground and stadium. 

He added: “We’re going to keep investing on the pitch, which we did last year, and we plan on doing it meaningfully this year. So, we feel that we’re in a good spot. There’s always headline numbers [for the debt], and then there’s the real costs on an annual basis and, again, it’s never affected our ability to operate in the transfer market or do anything else with regard to the club.”

How did the meeting go? 

Glazer attended the meeting for the first time to address fans’ concerns about Manchester United’s involvement in the proposed European Super League and the way the club is being run. 

The American-based owner spent over two hours on the virtual meeting during which time he repeatedly apologised for a previous lack of communication and the ill-fated ESL proposals. A supporters share scheme was also put forward in addition to a fan advisory board to promote better communication. 

Sources told Goal fans felt cautiously optimistic following the meeting and are hopeful the owners will follow through with their pledges.

source:- goal

Twitter Ban: Nigeria Loses N24.72bn In 10 Days

Due to the ban of microblogging platform, Twitter in Nigeria, on June 5, over N24.72bn ($60.14m) has been lost.

According to NetBlocks Cost of Shutdown Tool, Nigeria loses N102.9m ($250,600) every hour to the ban.

The Federal Government had on June 4, 2021 announced the suspension of Twitter in Nigeria.

The Minister of Information and Culture, Lai Mohammed, had cited ‘the persistent use of the platform for activities that are capable of undermining Nigeria’s corporate existence’ as the reason for the suspension.

According to a report by Statista, Nigeria has about 33 million active social media users, with about 26 per cent on Twitter.

When asked what the ban meant to businesses in the nation, the Director General of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, Ayoola Olukanni, said, “Communication is a significant part of sales and marketing in this digital age. Consequently, the Twitter ban will likely impact negatively and disrupt businesses especially Micro, Small and Medium Enterprises who rely on social media, such as Facebook, Instagram including Twitter to conduct business.

“It will therefore most likely negatively impact the IT sector of the economy which is already facing several other challenges.

“While it may be considered that there are alternative social media platforms, the abrupt nature of the suspension would mean a loss of existing contacts and a cost of migration.

“We must of course also not and cannot, discountenance the national security dimension of the misuse of social media and micro-blogging platforms to inspire violence outside its use to conduct Business.”

Twitter had reached out to the government that it was ready to meet for an open discussion to address mutual concerns and see the service restored. The company revealed this in a tweet.

The company had said, “Today marks one week since Twitter was blocked in Nigeria. We have informed the Nigerian government that we are ready to meet for an open discussion to address mutual concerns and see the service restored.

“We remain advocates for the free and Open Internet everywhere.”

Man City Open To New Sterling Contract (The Telegraph)

After weeks of speculation the winger could depart this summer, relations have apparently improved

Manchester City are now open to giving Raheem Sterling a new contract after Euro 2020 concludes, according to The Telegraph.

Sterling is coming off a match-winning goal vs Croatia and remains in what should be the prime of his career at 26 years old – though his legs do have unusual mileage on them compared to many his age given his significant senior roles since being a teenager.

He had been rumoured to be out of Pep Guardiola’s plans, but that has perhaps been an overstated narrative.

Pastor Accused Of Defiling His Sister-in-law’s 19 months old Daughter In Delta

An Assistant Pastor with a pentecostal church in Asaba, Delta State has been accused of having carnal knowledge of the 19 months old daughter of his sister-in-law.

An advocacy group, Centre For Basic Rights Protection And Accountability Campaign disclosed this in a statement on Tuesday, June 14.

According to the group, the victim’s mother, Cindy said she found her daughter bleeding and upon enquiry the child said the suspect ‘touched her bumbum’

“We just received a distress call this night from one Ms.Cindy(surname withheld) that her Elder sister’s Husband who is also a an Assistant Pastor in one of the Pentecostal church in Asaba,Delta State defiled her 19 months old daugther.

Ms.Cindy said she came back from work and saw her 19 months daugther bleeding and she told her is uncle that touched her bumbum.The little girl is still bleeding as Ms.Cindy could not go to hospital this night or to Police station because of the security situation in Asaba Delta State. We have advised her to go to the nearest Police station tomorrow morning and obtain medical form that she will take to the hospital. We will proceed from there.”

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Buhari’s Insistence On Open Grazing Unpatriotic – Edwin Clark

Nigeria’s President Muhammadu Buhari has been tackled by Niger Delta elder statesman, Edwin Clark for insisting on open grazing.

According to him, Buhari’s refusal to give up on open grazing is “unpatriotic and unacceptable.”

Recall that last week President Buhari, while responding to questions during an Arise TV imterview, said he has asked the Attorney-General of the Federation, Abubakar Malami to recover lands meant for grazing routes as stipulated in the first republic gazette, despite Southern Governors banning open grazing in their region.

Clark has now come out to fault Buhari’s stance arguing that the Land Use Act vested land ownership in states on the state governors not the president.

Clark, in a statement on Monday, June 14, asked AGF Malami to stop “misleading and misdirecting” the president.

He added that the office of the AGF is expected to be “independent of parochial and unconstitutional government decisions.”

“I repeat, on behalf of southerners, that open grazing has been finally buried in southern Nigeria. For Mr. President to insist that open grazing should continue whereby he asked the attorney general of the federation and minister of justice, Abubakar Malami, to dig out the gazette that approved open grazing in the First Republic is unbelievable, unpatriotic and unacceptable to our people,” he said

“Mr. President should regard himself as President of one Nigeria, and not as President of the Fulanis or the Northerners. We shall resist, at all cost, any attempt to subjugate us as citizens of one Nigeria.

“I also use this opportunity to seriously advise the attorney general of the federation and minister of justice, Abubakar Malami, over his irresponsible and unprofessional language, which is misleading and misdirecting Mr. President, because the rhetorical question Mr. President asked during his interview with Arise Television, whether Nigerians want him (Mr. President) to contradict the attorney general of the federation, was based on his understanding of the AG’s advice to him.

“The AG’s position is provided for in the constitution, and he is expected to be independent of parochial and unconstitutional Government decisions. He behaves as if his position is that of a Minister of Justice alone.

“This was the reason why at the 2014 national conference it was recommended that the post of the attorney general, recognised by the Constitution should be separated from that of the minister of justice who owes his allegiance to the Government in power that appointed him.

“Perhaps Mr. President is not aware, or he has not been advised by the AG that the Land Use Act which vested ownership of land on the State Governor is entrenched in the Constitution of the country.”

Rivers Traditional Ruler Accused Of Defiling 16-year-old Girl

Rivers Traditional Ruler Accused Of Defiling 16-year-old Girl

A traditional ruler in Ula-Ehuda community in Ahoada East Local Government Area of Rivers State has been accused of having carnal knowledge of a 16-year-old girl.

According to advocacy group, Centre For Basic Rights Protection And Accountability Campaign, the victim’s family said they are dropping the case over alleged threats to their lives.

The group’s statement reads;

“On the alleged defilement of a 16 YEAR OLD girl by a Traditional Ruler(His Royal Highness) who hail from Ula-Ehuda community in Ahoada East Local Government Area of Rivers State,the family of the 16 Year old girl has informed Centre for Basic Rights Protection and Accountability Campaign that they cannot continue with the case over threats to their life, “

 “This is coming after Centre for Basic Rights Protection and Accountability Campaign took the family to Police station and reported the matter. The Medical test result of the medical examination conduced on the 16 year old girl in Ahoada General hospital shows she was defiled. The Centre cannot cry more than the bereaved. We have done our part. We will continue to stand against Sexual and Gender Based Violence.”

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Henry Delivers His Verdict On Mbappe & France’s Attacking Options

The World Cup holders get their Euro 2020 campaign underway on Tuesday evening against Germany in Munich

Thierry Henry believes Kylian Mbappe can fire France to glory at the European Championship this summer as he assessed the plethora of attacking options available to Didier Deschamps.

The World Cup holders get their campaign up and running on Tuesday when they take on Germany in Munich.

And Henry, who won the Euros with France in 2000, says Mbappe can be the man to make the difference for Deschamps’ side this summer.

What has been said?

Speaking about Mbappe ahead of France’s Group F opener against the Germans, Henry told Goal : “He is the type of guy who can turn a draw into a win, a defeat into a draw and sometimes a defeat into a win straight away. He has that talent. 

“To have a player like him is just unbelievable.

“Not only what he can do, but how clever he is on the ball. He uses his brain when he plays and I like that about him.

“We are so happy that he is French.”

What next for Mbappe?

Mbappe’s future at Paris Saint-Germain remains far from clear,  with his current contract due to expire in 2022.

Henry did not want to be drawn on what he felt the forward should do, but said the 22-year-old has the ability to go on to achieve whatever he wants in his career.

“First and foremost, I have massive respect for PSG and what they have achieved, so for me it would be unfair to talk about leaving or not leaving,” said the former Arsenal star.

“Whatever Kylian wants to achieve, if he puts his mind to it, it looks like he will do it.

“I just hope that he can stay injury free and we can have the luxury to watch him for a very long time because he is special.”

Benzema’s return

Henry believes the return of Karim Benzema to the national team gives Deschamps the perfect array of attacking options going into the tournament.

And the 43-year-old, who is working once again as an assistant to Roberto Martinez with Belgium, says he has no concerns that Benzema’s return will have any sort of negative impact on squad harmony.

“Knowing Didier, he must have measured that well,” said Henry.

“[What happened] before, I don’t know. All I know is that Benzema is back and I think for me that can only be a plus.

“You have a different type of striker now. You have [Olivier] Giroud that can hold it, [Antoine] Griezmann recently likes to play behind the striker, we know that Benzema is all around really and you have Mbappe who can play wherever he wants to play and accelerate whenever he wants to accelerate.

“So I see it as a plus, I’m happy about it.”

source:- goal

Naira Tumbles By 51.95% Despite Cbn’s Defence Measures

The value of the naira to the dollar fell from 196.99 in December 2015 to 410 in April 2021, reflecting a 51.95 per cent decline despite the various foreign exchange policies introduced by the Central Bank of Nigeria to strengthen the currency.

According to a monthly document obtained from the CBN’s website, the value of naira at the inter-bank forex market stood at N196.99 as of December 2015.

The PUNCH had reported last month that the CBN officially adopted the NAFEX exchange rate of N410.25/$1 as its official exchange rate, devaluing the naira from N379/$.

In a move to achieve exchange rate stability and preserve the country’s forex reserves, the CBN in 2015 reviewed downwards the spending limit on the usage of naira-denominated debit cards for transactions abroad.

In a circular issued in April 2015 signed by the then Director of Trade and Exchange, Olakanmi Gbadamosi, the bank said the limit had been reduced from $150,000 to $50,000 per person annually, while daily cash withdrawals per person was pegged at $300.

After six months of implementing the policy, the value of naira in the official window remained stable at 197/$, but fell from 210/$ to 258/$ at the parallel market.

In June 2015, the CBN announced that it was stopping the supply of forex to 41 items that could be easily produced in Nigeria, a development that brought about the forex exclusion policy.

The implication of the policy is that importers of items on the forex restriction list would not be able to get forex directly from the windows created by the apex bank to bring the products into the country.

A circular issued by CBN said, “The implementation of this policy will conserve foreign reserves as well as facilitate the resurrection of domestic industries and improve employment generation.”

However, after about a year of implementation, the value of naira plummeted at both markets, falling from 197/$ to 232/$ and 218/$ to 351/$ at the official and parallel markets respectively.

In 2017, the exchange rate at the official window fell to the N300/$1 threshold, ranging between N305 to N306 to a dollar.

This was despite the introduction by the CBN of a new window for investors, exporters and end-users aimed at driving liquidity in the forex market.

From January 2020 to April 2021, the naira continued in a downward trend at both markets, falling from 307/$1 to 381/$1 in the official window and 361/$1 to 481/$1 at the parallel market.

Within this period, the CBN adopted new forex rules. For instance, in November 2020, the bank announced that recipients of diaspora inflows could receive their funds in foreign currency or have it transferred to their domiciliary accounts where they also have options to withdraw in cash or transfer.

In March 2021 the CBN introduced an incentive of N5 for every $1 of fund remitted to Nigeria through International Money Transfer Organisations, as part of its reforms to boost the inflow of foreign currency in the country.

The incentive was termed ‘Naira-4-dollar scheme’.

Speaking on the CBN policy, an economist and the current Chairman of Foundation for Economic Research and Training, Prof. Akpan Ekpo, said the idea behind the naira-4-dollar scheme was to shore up the exchange rate.

Responding to a question on why the Nigerian forex continued to depreciate despite the policies, an investment strategist at Afrinvest, Omosuyi Temitope, said, “The reason the policies are failing is because they are makeshift policies; they can’t address the fundamental factors that have kept the naira under water.

“The major factor that needs to be addressed is the external trade condition – that is the current account; so long as the Nigerian current account continues to suffer major setback, particularly when we have huge imports over exports, then naira will remain likely subdued.

“Between 2018 and 2020, for instance, we have continued to witness consistent deceleration in the current account balance; last year alone, the current account balance was negative, $17bn, from about $14bn in 2019.

“We also saw the performance of the foreign reserve; as a result of deceleration in current account, foreign reserve also went down, and in the last few months, foreign reserve has continued to plummet. So, if we don’t address our external trade position – that is, if Nigeria doesn’t export enough to get foreign earnings, we will continue loss in terms of naira depreciation.”

He added Nigeria must produce sufficiently to meet local demand in order to reduce the dollar demand for importation of consumer goods.

Source:- Punch

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