finances
Bayelsa: We won’t retrench workforce amid dwindling revenues – official
The Bayelsa state government has assured civil servants in the state that it had no plans to downsize the workforce, amidst dwindling revenue. The government said on Thursday that although it was contending with an unwieldy wage bill, it would seek alternative sources of revenue to shore up its finances. The Commissioner for Finance, Maxwell Ebibai, gave the assurance at the transparency briefing for the months of January and February 2021, in Yenagoa, the state capital. Newsmen report that under the state’s Bayelsa Transparency Law, it had become mandatory for the government to make public its income and expenditures on a monthly basis. Ebibai, said the state government received N6.8 billion for February, 2021, as net receipts from the Federation Account, after first line deductions, as a...
AC Milan ready to pay €30 million for Real Madrid’s Brahim Diaz
AC Milan are willing to pay as much as €30 million (£26m/$36m) to land Real Madrid forward Brahim Diaz, with the 21-year-old having made a positive impact during his loan spell with the Serie A side. Goal can reveal that Milan bosses are keen to make the loan move permanent and, although they do not have a purchase option, they are keen to discuss a transfer with Madrid. While Brahim has always wanted to succeed at the Bernabeu, Madrid will now weigh up whether to keep him beyond the end of the 2020-21 campaign or sell for what would be a significant amount amid the coronavirus crisis. Following his loan switch to Milan in September 2020, Brahim immediately took to life in Italy and has become an important member of Stefano Pioli’s first-team squad. He has made 25 appearances in all compet...
Game On?: A Simple Guide to What’s Going On In The Stock Market
Source: NurPhoto / Getty By Shawna Mizelle In the past few days, the buzz around GameStop, AMC, and Reddit has dominated the news cycle. One might’ve noticed several people online discussing investing in stocks and pondered, “What’s going on?” Some individuals possibly saw someone post about their return on investment from the stock market and proposed the question, “How do I get in?” The most daunting question at hand is this: how does a stock like GameStop, which was valued at $20 just two weeks ago, become valued at over $300 seemingly overnight? Here’s a recap of everything you need to know about the whirlwind of a stock market that investors have seen this week. What happened? GameStock was the most traded company in the stock market on Tuesday (Jan. 26), but the bullish run-up ...
GameStop Stock Rises Due To Reddit & Robinhood Users, Wall Street Shook?
Source: Johnny Louis / Getty Back in 2019, GameStop announced that it was closing hundreds of stores nationwide as the need for a brick and mortar video game store started to dwindle. This week, the retail chain is experiencing a boom in stock value, and what makes this unique is that individual investors have somehow bent the market to their will. There may not be any place on the Internet to avoid news or chatter surrounding the huge gains made by the Grapevine, Texas company. Like many other global entities, GameStop’s earnings and impact within its industry were impacted by the coronavirus pandemic with retail sales slowing to a near halt as digital sales continued to boom. On Monday (Jan. 26), smaller investors congregating on Reddit and using the Robinhood app resulted in a short squ...
Governor Wike charges judiciary to demand independence
Rivers State Governor, Nyesom Wike, has charged the judiciary to crave for independence to discharge their functions without intimidation and not just to control budgets. Wike said this was imperative because no government and country could make meaningful progress, if the judiciary is not allowed to carry out their functions independently. He stated this at the official presentation of 29 brand new Renault Koleos 2020 SUVS to chairmen of the Customary Courts of the Rivers State judiciary at the judiciary complex in Port Harcourt yesterday. The maintained that no one can talk about democracy without the rule of law, stressing that judiciary is pivotal in any given society where the rule of law reigns. “If Nigeria wants to move forward, if this country wants development, then, we must allow...
FIFA lodges fresh criminal complaints against Sepp Blatter
Getty Images FIFA has lodged a criminal complaint against former president Joseph “Sepp” Blatter over the finances of a museum in Zurich, Switzerland bringing the name of the ex-President into the fray. The football world governing body lodged the complaint on Tuesday. The involvement of Bladder and other former officials in the FIFA museum project is the crux of the latest allegation of financial impropriety against the 84-year-old, who resigned from his post as president in 2015 amid a corruption scandal. The Swiss have always denied any wrongdoing. However, football’s world governing body allege that Blatter’s administration cost them £420m in renovation costs for “a building that the organisation doesn’t own”, while also “locking itself into a long-term rental agreement on unfavourable...
AIBA approves new constitution in bid to regain IOC recognition
International Boxing Association (AIBA) has taken a step towards repairing a much-maligned governance structure that has been frequently criticised by the International Olympic Committee (IOC) after it approved an updated constitution at its virtual Congress. Under the new constitution, AIBA has installed term limits, rebranded the Executive Committee to the Board of Directors and reduced the number of members on the ruling body from 32 to 22. AIBA is hopeful the renewed document will appease the IOC, which last year suspended it as the Olympic governing body for the sport and stripped it of any involvement in the boxing tournament at the Tokyo 2020 Olympic Games because of concerns over its governance, finances and refereeing and judging. The Inquiry Committee, led by IOC Executive Board ...
AfDB chief urges Nigerian government to deepen investment in youth
The President, African Development Bank (AFDB), Dr Akinwumi Adesina, has appealed to the Federal Government to deepen investment in youth, to enable them put their entrepreneurial ingenuity to good use. Adesina, who spoke virtually at the 2020 Nigerian Prize for Leadership at the weekend in Abuja, noted that Nigerian youth are plagued by plethora of challenges like unemployment, limited technical and vocational skills, limited inclusion in the socio-political space and lack of finances to develop their businesses. “No nation is perfect. But those who learn from history become greater. Events repeat itself twice when people do not learn. As a nation, Nigeria should do everything possible to invest and reinvest itself by focusing on the youth. “Today, we have 206 million people, 70 per cent ...
AGF: Why I’ll not testify before Justice Salami panel
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, on Thursday, gave reasons why he would not appear as a witness in the ongoing probe of the suspended Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Magu, by the Justice Ayo Salami-led panel of inquiry. In a statement that was signed by his media aide, Dr. Jibrilu Gwandu, the AGF, maintained that his refusal to testify before the panel was “purely constitutional and not based on any ulterior motive”. Malami contended that as an AGF, his appearance or otherwise as a witness in any investigation should be a constitutional matter. “In establishing propriety or otherwise of the presence of the Attorney-General of the Federation and Minister of Justice whose responsibility is...
Plateau governor tasks new council chairman on prudence, accountability
Gov. Simon Lalong of Plateau has urged the new Chairman, Management Committee, Barkin Ladi Local Government, Jock Alamba, to embrace prudence and accountability in the discharge of his duties. Lalong also charged him to consolidate on the peace achieved in the area. He made the call while inaugurating the chairman on Tuesday at the Government House, Jos. Newsmen report that the former chairman of the Local Government, Mr Ezekiel Mandyau, died in July after an illness. The governor said that Nigeria was dealing with the impact of COVID-19, adding that the global pandemic had affected all facets of the economy, including the finances of local government. “This means that you must embrace prudence, accountability and accord priority to the programmes and projects that have direct bearing on t...
Premier League terminate £490 million TV deal in China
The Premier League has terminated its TV rights deal with China, its biggest overseas contract, leaving a huge hole in clubs’ finances. The deal with Chinese broadcaster PPTV was worth around £490m and had lasted only one of its three years. The conflict is said to have been around a fee of £160m that the Premier League was owed in March but did not receive. “The Premier League confirms that it has today terminated its agreements for Premier League coverage in China with its licensee in that territory,” a spokesman said on Thursday. “The Premier League will not be commenting further on the matter at this stage.” It is not known if the conflict is based purely on money or involves the escalating political tensions between China and the UK government. Boris Johnson announced in July that Hua...
Bristow Helicopters fires 100 pilots, engineers over coronavirus effect on operations
Bristow Helicopters has announced the sack of about 100 pilots and engineers following the devastating effect of the coronavirus pandemic on its operations and finances. The announcement comes barely 24 hours after Air Peace announced the sack of about 70 pilots citing the pandemic’s effect on its finances. The post Bristow Helicopters fires 100 pilots, engineers over coronavirus effect on operations appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
