Saturday, January 23

Tag: Deficit

N4.5tr Budget Deficit May Trigger Fresh Recession – Finance Minister, Zainab Ahmed Warns
Politics

N4.5tr Budget Deficit May Trigger Fresh Recession – Finance Minister, Zainab Ahmed Warns

With the deficit financing of the revised N10.509 trillion 2020 budget rising from N1.847 trillion to N4.563 trillion, the economy might be heading for another recession, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has warned. She expressed the fear yesterday in Abuja during a session with the Senate Committee on Finance where heads of revenue-generating agencies made presentations on the revised 2020-2022 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP). The minister noted that projected revenues from the agencies had been drastically slashed. According to her, 77 per cent of the new financial expectations from sources like the Nigerian National Petroleum Corporation (NNPC), the Federal Inland Revenue Service (FIRS) and the...
Controversy as VAR Chief Claims Lo Celso Should Have Seen Red Card Against Chelsea
Sport

Controversy as VAR Chief Claims Lo Celso Should Have Seen Red Card Against Chelsea

There was more Video Assistant Referee (VAR) controversy on Saturday, as Tottenham Hotspur’s Lo Celso escaped a red card for a stamp on Cesar Azpilicueta. VAR official, David Coote, decided that the playmaker had accidentally stepped on Azpilicueta. It led to an angry reaction from Blues boss, Frank Lampard and the crowd inside Stamford Bridge. However, VAR chiefs have now admitted Coote got the big call wrong. “We have been speaking to Stockley Park who have admitted they got the decision wrong and Lo Celso should have been sent off,” BT Sport pundit, Jake Humphrey, tweeted. Olivier Giroud and Marcos Alonso scored for Chelsea before Spurs halved the deficit. Thanks to an Antonio Rudiger own goal.
 Super Bowl 2020: Kansas City Chiefs Beat San Francisco 49ers to Claim their first Title in 50-years
Sport

 Super Bowl 2020: Kansas City Chiefs Beat San Francisco 49ers to Claim their first Title in 50-years

American football team, Kansas City Chiefs have been crowned Super Bowl champions for 2020. The Kansas City produced an epic comeback as they overcame a 10-point deficit to stun the San Francisco 49ers 31-20, ending their 50-years wait to claim the title at Sat Super Bowl LIV which held at Hard Rock Stadium in Miami on Sunday. “We never lost faith,” Mahomes said after the game. “That’s the biggest thing. Everybody on this team, no one had their head down. And we believed in each other. And that’s what we preached all year long and we had this guy [head coach Andy Reid] right here to get us there.” After being trailed 20-10 at the end of the third quarter, the Chiefs came back in the fourth quarter to beat the 49ers 31-20. Mahomes, who was named MVP, finished the game co...
I doubt Governor Seyi Makinde’s competence – Oyo State APC chairman
News

I doubt Governor Seyi Makinde’s competence – Oyo State APC chairman

The Chairman of the All Progressives Congress (APC) in Oyo State, Chief Akin Oke, says he will only assess Governor Seyi Makinde’s performance in office after the first 100 days or six months in office.   Oke on Thursday in Iseyin, said he doubted the competence of Governor Seyi Makinde to govern the state. “I will wait till then. As at today, I have my serious doubts and reservations on whether he is capable or not,” he said.   Oke said he was shocked and surprised by the N10 billion loan approval sought by the governor. The State House of Assembly had on Tuesday given Makinde approval to borrow N10 billion as requested by the governor. He had in his request informed the legislature that the loan would be used to revitalise the state’s infrastructure deficit....
Origi credits ‘gut feeling’ with convincing him to stay at Anfield
Sport

Origi credits ‘gut feeling’ with convincing him to stay at Anfield

The Belgium international was on the verge of leaving Anfield but his decision to stay saw him score vital goals en route to Champions League glory Divock Origi has said a gut feeling caused him to turn down a move to Wolves in January of last year to stay and fight for his Liverpool place. The decision paid dividends for the Belgium international striker who scored two goals against Barcelona in Liverpool’s historic come from behind win in the second leg of the Champions League semi-final. Origi inspired the Reds to a 4-0 win in that game, overcoming a 3-0 first leg deficit and then scored the second goal in the ensuing final against Tottenham, helping his team lift the trophy at the Wanda Metropolitano in Madrid.
Australia complete epic comeback against Brazil
Sport

Australia complete epic comeback against Brazil

The green and gold bounced back from a two-goal deficit to stun their South American opponents Australia have rallied from two goals down to seal a stunning 3-2 win over Brazilin their second group match at the Women's World Cup. After a bright start from the Matildas, VAR was required to rule on a possible penalty for the green and gold in the 20th minute only for a handball earlier in the play to deny Australia a spot-kick. Brazil would then go up the other end and win a penalty of their own with VAR ruling Elise Kellond-Knight was guilty of shirt pulling inside the box.
United States shocks France at Under-20 World Cup
Sport

United States shocks France at Under-20 World Cup

The French overcame an early U.S. goal, but two late strikes by Tab Ramos's side led to a last-16 upset The United States pulled off one of the shocks of the Under-20 World Cup, knocking off tournament favorites and previously undefeated France 3-2 in a last-16 match on Tuesday. Justin Rennicks pounced on a rebound spilled by France goalkeeper  Alban Lafont,  bundling home the winner in the 83rd minute to give the United States an improbable victory after battling back from a 2-1 second-half deficit. The Americans move on to the Under-20 World Cup quarterfinals for a third straight tournament, and will take on Ecuador on Saturday.
‘I hope we can win Champions League final in the same way’ – Foyth wants Spurs to repeat Ajax heroics against Liverpool
Uncategorized

‘I hope we can win Champions League final in the same way’ – Foyth wants Spurs to repeat Ajax heroics against Liverpool

The Argentine has described Tottenham's European journey as "unbelievable" and hopes they can win the trophy in dramatic fashion Juan Foyth has called on Tottenham to replicate their Champions League semi-final heroics against Ajax when they take on Liverpool in the showpiece event this weekend. Mauricio Pochettino's men earned their spot in the final in stunning fashion, overturning a three-goal deficit in 45 minutes against the Dutch giants. A 1-0 loss at home was followed up by a nightmare first half in Amsterdam which saw Ajax race into a 3-0 aggregate lead, but a Lucas Moura hat-trick ensured the visitors triumphed on away goals.  
Only 57% out of 1.5m Basic Education Teachers are qualified – UBEC boss
News

Only 57% out of 1.5m Basic Education Teachers are qualified – UBEC boss

The Executive Secretary of Universal Basic Education Commission, Dr. Hamid Bobboyi has revealed that only 57 per cent of the nation’s basic education teachers are qualified. Bobboyi also said that there was an increase from 841,716 in 2008 to 1.5 million in 2018 in the population of the teachers. He disclosed this in Kaduna on Saturday, in a paper entitled, “State of Basic Education in Nigeria: Prospect and Challenges”. The paper was presented at the ongoing two-day policy retreat with the theme, “The State of Basic Education in Kaduna State: Prospects and Challenges”, organised by the state’s Ministry for Local Government and Chieftaincy Affairs.  The UBEC boss said that the percentage represented a decline from 76 per cent in 2008 to 57 per cent in 2018. He said that in spit...
FMBN disburses N58bn, in 24 months
News

FMBN disburses N58bn, in 24 months

The Federal Mortgage Bank of Nigeria (FMBN) has between April 2017 and March 2019, disbursed mortgage loans totaling N58 billion. A statement signed by Mrs. Zubaida Umar Group Head, Corporate Communications, FMBN said the amount covers the provision of National Housing Fund (NHF) Mortgage Loans to 3,171 Nigerian workers valued at N22.3bn, Home Renovation Loans valued at N16.9 billion to 20,429 Nigerian workers, Estate Development Loans valued at N13.6 billion, Cooperative Development Loans totaling N2.7 billion and Ministerial Pilot Housing Scheme Project at N2.5 billion. The high level of loan disbursements, averaging N29 billion per annum she said “represents a significant increase in performance in comparison to the N152 billion, which the bank had given out over a 24-year period ...
Barcelona Manager Reveals Special thing Man Utd have
Sport

Barcelona Manager Reveals Special thing Man Utd have

Barcelona manager, Ernesto Valverede, has warned his side as they prepare to face Manchester United in the Champions League, saying that they “have something special at the end of matches”. The LaLiga champions hold a 1-0 lead from the first leg at Old Trafford. United advanced to the quarter-finals by overturning a 2-0 first leg deficit against PSG in the round of 16. They won that tie through a controversial penalty awarded by VAR and converted by Marcus Rashford in stoppage time. Valverde was asked at a press conference on Monday, whether Ousmane Dembele will feature in Tuesday’s game after the winger returned from injury at the weekend. “It will be important who starts, but also those that finish the game, because Manchester United have something special at the end of m...
Solskjaer Reveals Dream of Winning Treble with Manchester United Again
Sport

Solskjaer Reveals Dream of Winning Treble with Manchester United Again

Ole Gunnar Solskjaer has disclosed his aim as Manchester United manager is to repeat the Treble as he prepares for the second leg of their Champions League quarter-final tie against Barcelona. The Norwegian will lead United against Barcelona at Camp Nou on Tuesday, the stadium in which he helped make history with an injury time winner against Bayern Munich in the Champions League final 20 years ago. Although Solskjaer has a 1-0 deficit to overturn on Tuesday, but the 46-year-old admits he is desperate for the same success as a manager as he had during his 11 years as a player at Old Trafford, including a repeat of the Treble. “I think we’ve got to set that standard. “We can do it one day. “It’s going to be more and more difficult. Football has changed and there are more ...
Mourinho Speaks On Messi, Ronaldo Facing Each Other
Sport

Mourinho Speaks On Messi, Ronaldo Facing Each Other

Former Manchester United and Chelsea manager, Jose Mourinho, has said he does not want Cristiano Ronaldo and Lionel Messi, to face each other in the Champions League quarter-finals. Ronaldo netted a hat-trick, as Juventus overcame a 2-0 deficit to eliminate Atletico Madrid. A day later, Messi scored twice and provided two assists, as Barcelona hammered Lyon 5-1 at the Nou Camp to qualify. Mourinho would like both clubs to be kept apart in Friday’s draws. “I wouldn’t like Juventus against Barcelona because I think it would be something really special Barcelona against Juventus in a possible final or semi-final. “Two great teams that are not being successful in the Champions League for a few years, of course Juventus so much more than Barcelona. “And led by two big play...
Latest Champions League Round of 16 Second Leg Results
Sport

Latest Champions League Round of 16 Second Leg Results

The second legs of the Champions League round of 16, will continue this midweek. Juventus host Atletico Madrid in Turin, hoping to overturn a 2-0 deficit from the first leg. Schalke travel to face Manchester City, who beat them 3-2 in Germany with 10 men. Both games kick off 9pm West African time. Tuesday, March 12 21:00 Juventus vs Atletico Madrid 21:00 Manchester City vs Schalke 04
What Arsenal’s Win over Man United Means – Emery Speaks on Rennes’ 3-1 Deficit
Sport

What Arsenal’s Win over Man United Means – Emery Speaks on Rennes’ 3-1 Deficit

Arsenal Manager, Unai Emery, said the team’s win over English Premier League rivals Manchester United at Emirates Stadium was a confidence-booster ahead of Thursday’s match against Ligue 1 side Rennes in the Europa League. On Arsenal chances of overturning a 3-1 deficit, Emery stated that he was upbeat that his team can achieve the feat and progress to the quarter finals of the competition. In his post match interview with newsmen agate Sunday’s game, the coach said: “I think we were in a good moment in Rennes but the circumstances which led to the defeat kind of depleted the team’s confidence. “So, it was important to bounce back and recover from the defeat ahead of the second leg against the French side on Thursday. “I think a win against a team like United can give us that...
All The Teams That Have Qualified For Quarter-final So Far
Sport

All The Teams That Have Qualified For Quarter-final So Far

Four clubs have already booked their place in the quarter-finals of this year’s Champions League. They are: Manchester United, Ajax, FC Porto and Tottenham Hotspur. United pulled off one of the most remarkable comebacks in the competition, fighting back from a 2-0 home deficit, to win 3-1 at Paris Saint-Germain on Wednesday night. Ajax also qualified despite losing 2-1 in Amsterdam, following their impressive 4-1 victory at Real Madrid. Tottenham Hotspur claimed a 4-0 aggregate win over Borussia Dortmund and FC Porto needed extra time to see off Roma yesterday. The other four teams will be decided next week. Liverpool travel to Bayern Munich following a 0-0 draw at Anfield in the first leg. Manchester City have the advantage after beating Schalke 3-2 in Germany. At...
Latest Champions League Round of 16 Second Leg Results (Wednesday)
Sport

Latest Champions League Round of 16 Second Leg Results (Wednesday)

The second legs of the Champions League round of 16, will begin this midweek. Manchester United travel to France, hoping to overturn a 2-0 deficit against Paris Saint-Germain. In the other fixture on Wednesday, FC Porto host Roma. The first leg ended 2-1 in favour of the Serie A side. Both games kick off 9pm West African time. Wednesday, March 6 FT: FC Porto 2 vs Roma 1 FT: Paris Saint-Germain 1 vs Manchester United 3
Barcelona Might Be Kicked Out Of Copa del Rey
Sport

Barcelona Might Be Kicked Out Of Copa del Rey

Barcelona might be kicked out of Copa del Rey despite last nights round of 16 emphatic 3-0 victory against Levante at the Camp Nou. Ousmane Dembele’s brace and a second-half goal from Lionel Messi ensured Barcelona beat Levante 3-0 at Camp Nou, as they comfortably overturned a first-leg deficit to progress to the Copa del Rey quarter-finals. But all that may be wasted effort, as the Catalan giants are at risk of being kicked out of the competition. Levante president Quico Catalan has confirmed that his team will make an official complaint to the Spanish Football Federation (RFEF) over irregularities in Barcelona’s Copa del Rey team last week. The Valencia side caused a huge upset in the last 16 by downing Barcelona 2-1 in the first leg. Barcelona B defender Chumi, who played...
2019: INEC Has Serious Credibility Deficit – Obaze
Politics

2019: INEC Has Serious Credibility Deficit – Obaze

As the 2019 general elections draw near, questions have been asked of the ability of the Independent National Electoral Commission (INEC) to conduct free, fair and credible elections. This is even as the Chairman of Atiku/Obi Campaign Council in Anambra State, Mr. Oseloka H. Obaze, says he is doubtful of INEC's ability to remain a neutral umpire. Speaking at Onitsha on Saturday, during an interactive radio program on Sapientia 95.3FM, Obaze said recent events have put a serious credibility deficit on INEC. He said the controversies surrounding by-elections and state elections of the last couple of years, especially that of Ekiti and Osun states have placed serious credibility deficits on INEC. According to him, “INEC has a very recent track record that makes it impossible for my ...
Croatia Defeat France to Win Davis Cup Title
Sport

Croatia Defeat France to Win Davis Cup Title

Marin Cilic sealed Croatia’s victory over defending champions France in the Davis Cup final with a 7-6 6-3, 6-3 win over Lucas Pouille last Sunday afternoon in Lille. Croatia led 2-0 after Borna Coric and Cilic recorded straight-set wins over Jeremy Chardy and Jo-Wilfried Tsonga on Friday, but Nicolas Mahut and Pierre-Hugues Herbert won Saturday’s doubles to give France hope. The hosts trailed 2-1 and needed to win both reverse singles on the final day to become the first team since 1939 to overturn a 2-0 deficit in a final, but their hopes of a comeback were soon dashed. Cilic produced a dominant display to defeat Pouille in straight sets and give Croatia an unassailable 3-1 lead, to clinch their second Davis Cup crown following their maiden win in 2005. Former US Open champion Cili...
Covenant University Graduates 238 First Class Honours Students
News

Covenant University Graduates 238 First Class Honours Students

 A total of 238 students of Covenant University in Ota, Ogun, on Friday graduated with first class honours’ degrees at the institution’s 2017/2018 Convocation. The institution’s Vice-Chancellor (V-C), Prof. Aaron Atayero, disclosed this during the university’s 13th Convocation, the Conferment of Honorary Doctorate Degrees and presentation of prizes to its deserving students in Ota. The News of Agency of Nigeria (NAN) reports that the university graduated 1,887 students for 2017/2018 Academic Session. They comprised: 238 first class honours, 746 second class upper honours, 452 second class lower, 86 third class and 365 post-graduate students. NAN reports that Miss Salami Toluwani, from the Department of Industrial Chemistry, College of Sciences emerged the best student with a Cumul...
IMF May Grant Zambia $1.3bn To Plug Budget Deficit
News

IMF May Grant Zambia $1.3bn To Plug Budget Deficit

The International Monetary Fund (IMF) may grant Zambia up to 1.3 billion dollar to help plug a budget deficit of around 7 per cent, the lender’s mission chief said on Saturday. Tsidi Tsikata told a joint news conference with the Zambian Finance Ministry in Lusaka that a decision would be made by the IMF board in August. Tsikata said the three-year credit facility would halve the deficit to around 4 per cent of Gross National Product by 2019. He said Zambia needed to take concrete steps to achieve fiscal consolidation targets outlined in the 2017 budget, which include improving revenue collection, limiting borrowing and scaling back on new capital projects. “We aim to reach understanding in the coming weeks that would form the basis for presenting the authorities’ request for an...