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23:25

EPL: Manchester Utd, Chelsea, Liverpool joint top after week 4 fixtures




Manchester United, Chelsea and Liverpool are joint top of the Premier League table with 10 points each.

However, United are placed in the first position, after scoring 11 goals so far and conceding only three.

The Red Devils have been boosted by the return of Cristiano Ronaldo, who scored twice as they beat Newcastle 4-1 on Saturday.

Romelu Lukaku also grabbed a brace, as Chelsea defeated Aston Villa 3-0 at Stamford Bridge yesterday.

The Blues have scored nine times and conceded only one goal.

On Sunday, Liverpool saw off 10-man Leeds United 3-0.

Mohammed Salah, Fabinho and Sadio Mane scored for the Reds as they kept pace at the top of the table. Dailypost
23:24

Serie A: I was afraid of losing my 1,000th game – Jose Mourinho admits as Roma go top




Roma manager, Jose Mourinho, has admitted he was scared of losing his 1,000th career game as a coach.

The 58-year-old saw his side beat Sassuolo 2-1 on Sunday, thanks to Stephan El Shaarawy’s late goal.

The win took Mourinho’s career tally to 638 victories.

The former Manchester United and Chelsea boss has drawn 205 and lost 157 of his 1,000 games as a manager.

“I told everyone lies! I had been saying to the team for days that this 1,000th game was not important to me… but I had an incredible fear of losing!

“Luckily we won and I was running like a child today because I was feeling 12 years old, not 58,” he said after the game.

Roma are now top of Serie A, having won their first three fixtures. Dailypost
23:23

BBNaija S6: I’ll beg Big Brother to bring JayPaul back to the house – Cross to Saskay




The eviction of Big Brother Naija , BBNaija season 6 housemate, JayPaul has saddened Saskay.

Recall that JayPaul alongside Jackie B were evicted on Sunday during the live eviction after scoring the lowest votes from fans.

JayPaul’s eviction came as a shock to Saskay who had finally submitted to his love.

Saskay who was saved form Sunday’s eviction said JayPaul’s eviction makes her feel like a widow.
After the eviction, she went upstairs to play games with Cross.

Cross consoling her advised her to be strong and happy that she was saved.

“ I feel so bad for you oh, I’ll beg Big Brother to bring JayPaul back to the house if you don’t win the next three shots in this game.

“Be strong for the next few days,” Cross told Saskay.

He mentioned that Jackie B saw her eviction coming, adding that she told him earlier on Sunday that three housemates; JayPaul, Saga were going home including herself. Dailypost
23:22

Taxi driver allegedly beaten to death for flouting curfew in Jos






A taxi driver identified as Abdullahi Karafa has died following alleged beating given to him by security operatives.

The deceased was said to be returning home on Friday night during the curfew hours when he was stopped at the Farin Gada area of Jos North local government area of Plateau State by the security agents.

The Commander, Operation SAFE HAVEN, OpSH, Major General Ibrahim Ali has visited the deceased family to condole with them and promised to unravel and punish those behind the act.

It would be recalled that Jos North, Jos South and Bassa local government areas of the State are to observe curfew from 10pm to 6am until further notice.

The Military Information Officer, Major Ishaku Takwa who confirmed the incident in a statement in Jos said, “Operation SAFE HAVEN, OpSH received with shock a report that security personnel of OPSH deployed at Farin Gada beat and murdered a commercial taxi driver, Mr. Abdullahi Karafa.

“Immediately the report was received, the commander Operation SAFE HAVEN, Major General Ibrahim Ali visited the deceased family and condoled them over the unfortunate incident. The commander has since constituted a board of inquiry to unravel those behind the heinous act. He assured that those who would be found culpable will be made to face the full wrath of the law.

“Operation SAFE HAVEN wish to reiterates that troops deployed on the Plateau were always warned to conduct themselves in the most professional manner inline with global best practices and respect for the fundamental human rights of the citizenry and strict adherence to rules of engagement. Therefore, any act short of this is condemnable and unacceptable by OpSH.”

Meanwhile, the Commander Operation SAFE HAVEN, OpSH, Maj Gen Ibrahim Ali in another development, inaugurated a 36 member Joint Peace Committee at the Operation’s Headquarters in Jos with a two week period to submit its report to “recommend measures to be taken to find lasting solution to the incessant clashes and killings among various ethnic groups in the State.”

Speaking on Saturday during the inauguration, the Commander urged members of the committee to “demonstrate impartiality, neutrality, honesty, uprightness and avoid sentiment and compromise,” and disclosed that the members who were drawn from communities in Bassa, Jos North and South Local Government Areas have the background knowledge of the conflict and hopes their experience in communal conflict resolution would assist in fasts tracking the restoration of peace on the Plateau.


 
The Commander noted that “the Committee was created as part of the non-kinetic approach of Operation SAFE HAVEN to peace building in the state,” and added that the committee would “assist in making recommendations that will help OpSH and Plateau State Government in finding lasting solution to the incessant conflict among various ethnic groups of Irigwe, Fulani, Hausa, Bache, Dong, Gyel and Anaguta.”

He hoped that “the outcome of this committee will contribute immensely to the peace building efforts in the targeted communities with a view to returning Plateau state to the path of peace and sustainable development.” 

Among the terms on their work are for the Committee to identify the root causes of the crises in Bassa, Jos North and Jos South local government areas and recommend implementable strategies that would lead to sustainable peace on the Plateau.

The Chairman of the committee, Prince Robert Ashi gave the assurance that the committee would discharge its duties diligently devoid of sentiment and solicited for the support of community leaders to achieve their mandate.

Also speaking on behalf of Traditional Rulers, the District Head of Dong, Adagwom Kaze Inyam appreciated the Commander for the initiative and urged  the leaders of the concerned communities to support the Committee to succeed in its assignment. Vanguardngr
23:12

In Lagos: NDLEA Intercepts 24,311KG Of Heroin, Codeine





The National Drug Law Enforcement Agency (NDLEA) has intercepted over 24, 311 kilograms of heroin, codeine, Arizona, and Colorado variants of cannabis in fresh drug busts at the Murtala Mohammed International Airport (MMIA), Ikeja, and the Tincan seaport, Apapa, Lagos state.

The Director, Media and Advocacy, NDLEA, Femi Babafemi, disclosed this in a statement on Sunday.

He said the first seizure was on Friday, September 3, at the SAHCO export shed of the MMIA where two consignments containing 10.350kg heroin and 25.2kg cannabis from South Africa were intercepted.

In series of sting operations between September 4 and 6, in different parts of Lagos, four suspects were arrested including Mrs. Bello Kafayat Ayo who was picked from Shino Street, in the Palmgroove area of the state.

At the Tincan seaport, Apapa, narcotic officers intercepted a 40ft container loaded with 22,590 kilograms of Barcadin Codeine syrup on Monday, September 6, following intelligence received from international partners on the container since May 2021.

“The container was also found to include 4,020.03kg of analgesic tablets and 47 cartons of insulated hot pots used to conceal the illicit drugs, all imported from India. Equally, on Friday, September 10, a consignment of Colorado weighing 17.5kg and hidden inside a Grand Caravan Dodge vehicle shipped in a 40ft container from Montreal, Canada, was also intercepted and seized at the Tincan port,” the statement read.

Meanwhile, a 20-year-old identified as Bee Okoro has been arrested in Abuja for producing and selling drugged candies and cookies.

A 27-year-old dispatch rider, Idewo Raimi who handles door-to-door delivery for her was also arrested.

The suspects who were arrested at the Garki Area 11 on Friday, September 10, with a number of their drugged products and 400grams of Loud and Arizona, confessed they have been in the business for over a year.

In Edo State, a total of 1,425.2 kilograms of compressed blocks of cannabis sativa were seized in a raid on Aviosi outskirt, close to Uzebba, Owan West LGA, on Monday, September 6, while on the same day one Yahaya Mamman was nabbed along the Zaria-Danja road, Kaduna with 10.3kg Tramadol and 60.5kg Exol-6.

The previous day, Thursday, September 5, one Thank God Danladi was arrested at Tudun Wada area of Jalingo, the Taraba State capital with 44.2kg of cannabis.

In the same vein, NDLEA operatives in Kwara State on Tuesday, September 7 arrested a 36-year-old lady, Yusuf Sherifat, who recently completed a jail sentence following her conviction by a Federal High Court in Ilorin for dealing in 22 grams of crack cocaine.

Her latest arrest along Specialist Hospital Road, Alagbado, Ilorin, followed intelligence that she has resumed the sale of crack cocaine in the Ilorin metropolis.

“This time around, she devised another means of delivering drugs along the road to known customers who contact her via telephone calls,” the agency said.

In Gombe, raids across the state between September 1 and 10 led to the arrest of at least nine drug dealers, from who assorted illicit drugs weighing over 150kg were recovered.

One of the raids led to the interception of a truck loaded with 128KG of psychotropic substances coming from Onitsha, Anambra State along the Gombe-Yola road.

Reacting to the latest drug busts at the Lagos airport, Tincan seaport, and across the FCT, Edo, Kaduna, Taraba, Kwara, and Gombe states, Chairman/Chief Executive of the NDLEA, Brig. Gen. Mohamed Buba Marwa (Retd), commended the commanders, officers, and men of the commands for their resilience and bravery.

He said the series of arrests and seizures across the country further affirm NDLEA’s zero tolerance for production, trafficking, and abuse of any illicit substance, warning that drug dealers who are yet to have a change of heart must be ready to contend with the new NDLEA. ChannelsTv
23:12

INEC declares PDP candidate winner of Delta bye-election





THE Independent National Electoral Commission has declared the candidate of the Peoples Democratic Party, Evivie Ovuokporie, as the winner of the Isoko South State constituency 1, in Delta State bye-election held on Saturday.

The election result was announced on Sunday morning by the returning Officer, Prof. Christopher Onosemuode at the Constituency Collation Centre, Isoko South INEC Local Government Area office.

The State House of Assembly seat became vacant following the death of Kenneth Ogba in June this year.

The bye-election to fill the vacant seat was contested by candidates of the PDP, who polled 6, 957 votes; Michael Paul of the Social Democratic Party, who polled 1,291 votes and Dr Ogaga Ifowodo of the All Progressives Congress, who polled 1,301 votes. Punch
23:11

We’ll rescue abducted NDA officer without paying ransom – Military




THE Military High Command has said the Armed Forces of Nigeria will give its all to ensure the officer abducted during an attack on the Nigeria Defence Academy regains his freedom.

The PUNCH had reported that the gunmen invaded the permanent site of the institution located along Airport Road, Afaka, in Igabi Local Government Area of Kaduna State on August 24.

Two members of Nigeria’s armed forces were killed and one officer identified as Major Christopher Datung was abducted in the attack.

The Director, Defence Information, Maj.-Gen. Benjamin Sawyerr, had in a statement said troops of the Armed Forces of Nigeria were in hot pursuit of bandits that carried out the attack.

However, in a telephone interview with our correspondent on Sunday, Sawyerr said the operations to rescue the abducted officer were ongoing, adding that the military was not considering paying ransom.

Sawyerr, who alluded to how the United State neutralised Osama Bin Laden, added that the military’s focus of operation has changed.

He said, “We don’t need to talk much on operational matters. When the United States were planning the attack on Osama Bin Laden, the military were waiting and planning and struck when they got where the man was and they achieved success.

“Right now, we have changed the focus of our operations and it is bringing result. No serving officer will contribute money to pay as ransom. Operations are still ongoing to rescue the abducted NDA officer, no matter what, we must rescue him.”

Asked for his comments on a viral video of some people allegedly killed by the military in Zamfara, Sawyerr said, “The video is meant to portray our Armed Forces as being crude.

“The operations are being conducted in strict compliance with the rules of armed conflicts, utmost professional manners, strict adherence to rules of engagement and respect for fundamental human rights and dignity.” Punch
23:11

Edo: I’m Afraid Of What Will Happen When I Leave Office – Gov Obaseki




 
Though not due to leave office until his tenure expires in 2024, Governor Godwin Obaseki of Edo State has expressed fears about what will happen when he is no longer a Governor.

Naija News, however, reports that that the governor wasn’t speaking about what will happen to him as a person but what will happen to institutions in the state.

Obaseki said that is why his administration is concentrating on strengthening institutions because he understands that people and government come and go but institutions remain.

He spoke on Sunday in Benin, the State capital during the thanksgiving service organized to mark the 87th birthday of the Esama of Benin Kingdom, Chief Gabriel Igbinedion.

According to him, “We have been strengthening and re-enacting quality education in the state across basic, secondary and tertiary education and re-investing in them in the last five years.

“In the area of media, we are rebuilding the Observer brand, and the Edo Broadcasting Service (EBS) Radio and Television brand.

“We are strengthening them as institutions and equipping them with world-class technology.

“But my biggest challenge is what will happen when I leave office. People are saying, how are we sure that the reforms and changes we have made and implementing will continue when I leave office?”

He reiterated that only institutions last forever and that is why it is better to focus on the civil service rather than political appointees.

 
Though not due to leave office until his tenure expires in 2024, Governor Godwin Obaseki of Edo State has expressed fears about what will happen when he is no longer a Governor.
Naija News, however, reports that that the governor wasn’t speaking about what will happen to him as a person but what will happen to institutions in the state.

Obaseki said that is why his administration is concentrating on strengthening institutions because he understands that people and government come and go but institutions remain.


He spoke on Sunday in Benin, the State capital during the thanksgiving service organized to mark the 87th birthday of the Esama of Benin Kingdom, Chief Gabriel Igbinedion.

According to him, “We have been strengthening and re-enacting quality education in the state across basic, secondary and tertiary education and re-investing in them in the last five years.


 
“In the area of media, we are rebuilding the Observer brand, and the Edo Broadcasting Service (EBS) Radio and Television brand.

“We are strengthening them as institutions and equipping them with world-class technology.

“But my biggest challenge is what will happen when I leave office. People are saying, how are we sure that the reforms and changes we have made and implementing will continue when I leave office?”

He reiterated that only institutions last forever and that is why it is better to focus on the civil service rather than political appointees.


 
“But the structures and institutions that we are building will certainly remain and continue to sustain our developmental strides.”

Speaking about the celebrant, Governor Obaseki described Igbinedion as a generational gift.

He said, “We thank God for the life of our father, Chief Igbinedion, as he celebrates his 87th birthday.

“He is a generational gift; he has seen and done it all. We thank God for his life of giving, hard work, and generosity.”

In his homily, Archbishop of Metropolitan See of Benin, Most Rev. Augustine Obiora Akubueze, said, “Esama of Benin Kingdom, Chief Igbinedion has lived his life for others, ensuring that he spreads happiness.”

Naijanews

02:47

Chelsea vs Aston Villa: Pulisic returns to UK on crutches




Chelsea manager, Thomas Tuchel, has revealed Christian Pulisic returned this week on crutches.

However, Tuchel expects the American winger to be sidelined for only around 10 days.

Pulisic limped out of his country’s 4-1 win over Honduras in a World Cup qualifier on Wednesday after 62 minutes.

The 22-year-old arrived back in London on Thursday and will miss Saturday’s Premier League home game against Aston Villa.

He is also likely to sit out Chelsea’s Champions League group fixture against Zenit St Petersburg on Tuesday.

“For Christian, unfortunately, he came yesterday on crutches and he has an ankle injury with about 10 days [out],” Tuchel confirmed.

Chelsea is also without N’Golo Kante this weekend because of an ankle problem that ruled him out of France’s internationals this month, but he has a chance to face Zenit. Dailypost

02:45

Attacks on schools must stop - UN chief




UN Secretary-General António Guterres on Thursday call on the global community to say with one voice that “attacks on schools must stop’’ and that schools be safe for schooling.

Guterres made the call at a virtual event to commemorate the International Day to Protect Education from Attack globally celebrated on Sept. 9.

“Schools must be places of learning, safety and peace,” he said, lauding education as not only providing knowledge and skills but also transforming lives and driving development for people, communities and for societies.

Nevertheless, he added, “year after year, this fundamental right comes under attack”.

The top UN official encouraged the participants to imagine being a child in a classroom eager to learn, or a teacher dedicated to shaping the minds of the next generation.

“Now imagine the horrors inflicted by conflict on learning”, he said, painting a picture of schools being targeted, destroyed – or used for military purposes – and of children facing violence, exploitation, even being recruited to fight – simply because they want to study.

The secretary-general cited the Global Coalition to Protect Education from Attack.

He revealed that between 2015 and 2020, over 13,000 reports of strikes on education, or the military use of educational facilities, had been recorded around the world.

“And this threat is not lessening, as the horrifying events in Afghanistan are showing us so starkly,’’ he said.

Guterres reminded that these were not numbers on a page, but thousands of individual lives and individual futures.

“The loss is incalculable,” he stated.

The UN called on all countries who had not yet done so, to endorse the Safe Schools Declaration – an inter-governmental political commitment to protect students, teachers, schools and universities, from the worst effects of armed conflict.

Endorsed by 111 States to date, the Declaration outlines concrete steps for governments to protect schools and learning.

“We urge Member States to go beyond their commitments under international law and put in place national policies and laws that protect schools and learners,” the UN chief said.

He flagged the need to “hold perpetrators accountable” by making attacks on schools “unacceptable and punished” in every country and jurisdiction, the world over.

The UN chief called for increased global support for the UN Educational, Scientific and Cultural Organisation (UNESCO) and UN Children’s Fund (UNICEF), who are “working around the clock” to protect education, students, teachers and schools in some of the most dangerous places around the world.

“While great strides have been made in recent years, more must be done to protect the right to education for all,’’ he said.

“As Secretary-General of the United Nations, I am proud to stand with you in this important effort, because when we protect education, we protect the future,’’ he said.

(NAN)
02:43

Lagos Divisional Police Officer Redeployed After Losing Service Pistol To Lover




The Denton Divisional Police Officer in the Ebute Metta area of Lagos State, CSP Adegoke Atilade, has been redeployed by the Lagos State Police Command.

Atilade’s redeployment followed Punch story about his alleged office escapade with a 29-year-old woman, Jennifer Madueke, which led to his missing service pistol.

The incident had happened on Friday, August 27, 2021.

In a statement on Friday, the police spokesman in the state, Adekunle Ajisebutu, said the Commissioner of Police in the state, Hakeem Odumosu, has ordered a thorough probe into the case.

When contacted by our correspondent, the Police Public Relations Officer in the state, said a new DPO will resume at the station anytime from now.

Ajisebutu, however, did not state the new place of assignment of the embattled officer.

Madueke, after spending three days in a detention facility at the Denton Police Station, Ebute Meta, Lagos, where she was allegedly tortured to confess to the crime, was transferred to the State Criminal Investigation and Intelligence Department, Yaba.

It was learnt that Madueke and Atilade once dated and separated after the police officer was transferred out of Lagos over seven years ago but the two continued after the married officer was posted back to Lagos recently.

“She was my girlfriend in 2011, but we separated. About one and a half months ago, while I was around the Stadium area, she came to greet me and that was how she knew where I was working and she started coming. When her coming did not favour me, I told her not to come again,” the embattled officer had stated.

“On that Friday, I was at a club with one of my friends. It was there a girlfriend came to meet me. Then this lady came later. I never knew that she had a mission. I sent her away and said I was busy.

“The other lady with me told me that she was going to Bariga. She [Madueke] also came, but said she could not get a vehicle to her residence that night because it was late. I then left them (both ladies) in the office and went out on a night patrol.

“It was then I started thinking I would go back and wake them up. When I returned, I gave her N4,000 (transport fare) to go.”

Asked if he slept with Madueke, Atilade had said, “When two people are in my office? I did not sleep with her. I left them there. Unknown to me, she had gone to pick a bag behind my chair. It was when she left that I discovered that my pistol was missing, with N50,000. I did not even care about the money, but I started calling her, and she did not pick the calls. She also blocked me on WhatsApp.

“We went to prayer houses and consulted alfas, me and the other girl, but we did not find her. I did not see her for one week. I paid people who tracked her.”

Atilade said he regretted ‘helping’ Madueke that night when she claimed to be stranded, adding that after she was arrested, she denied taking the gun but admitted to ‘stealing’ N7,000 from the bag.

The command, however, ordered the redeployment of the officer for an investigation into the matter.

It read, “This is to inform the general public that the Lagos State Police Command is not oblivious of the reported case of theft of service pistol against one Jenifer Madueke ‘f’ and the allegation of sex in the office against DPO Denton Police Division, CSP Adegoke Atilade as published on page 4 and 5 of today’s edition of the Punch.

“In the interest of fairness and justice, the Commissioner of Police, CP Hakeem Odumosu, has ordered an independent, thorough and unbiased investigation into the case.

“Members of the public are hereby assured that appropriate actions will be taken against anyone found culpable at the conclusion of the ongoing investigation such that at the end, justice would have been served.

“Meanwhile, the Commissioner of Police has directed immediate redeployment of the officer in the eye of the storm so as to pave the way for diligent and unbiased investigation.” Saharareporters
06:38

Forced marriage: 19-year-old woman allegedly stabs husband to death




The Adamawa Police Command has arrested a 19-year-old woman, Rumasa’u Muhammed, of Wuro Yanka Village in Shelleng local government area for allegedly stabbing her husband to death.

DSP Sulaiman Nguroje, Police Spokesperson in the state, confirming the incident on Wednesday in Yola, said the suspect was arrested on Monday for allegedly stabbing her husband, Muhammed Adamu, 35 to death after seeking for divorce.

”Investigation so far reveals, that the suspect was forcefully married to the deceased by her parents against her will on Aug. 6,” Nguroje said.

He said the Commissioner of Police, Aliyu Alhaji, has given a directive for a discreet investigation into the matter.

”The Commissioner has equally advised members of the public to stop forcing their wards into early and forceful marriages.

”In the same vein, the Commissioner, has directed for immediate prosecution of the suspect so as to serve as deterrence to others,” he said.
Speaking to the News Agency of Nigeria (NAN) over the incident, Ustaz, Abdullah Hamman, an Islamic Scholar in Yola, said forceful marriage has no place in Islam.

”According to Islam, parents have rights to choose for their children a good family to marry from but at same time, Islam does not encourage forced marriages,” Hamman said.

He stressed the need for the parents to desist from forcing their children into marriage saying, such practice was causing a lot of harm in the society.

NAN also reports that a family source, who pleaded to remain anonymous, said: “the girl demanded that her late husband divorce her peacefully since she was not interested in the marriage. He refused.

”Angered by this after several requests, she picked up a knife and stabbed him in the stomach.

“He was rushed to the hospital where he was confirmed dead.” Dailypost
06:37

Naira gains further at official market as crypto investors lose $299 billion in one day






Tuesday, 7th September 2021: The exchange rate between the naira and the US dollar closed at N410.67/$1 indicating a further appreciation at the official Investors and Exporters window.

Naira gained against the US dollar on Tuesday, to close at N410.67/$1 compared to N411.13/$1 recorded at the close of trade on Monday, 6th September 2021, representing a 0.11% appreciation.

Meanwhile, the exchange rate remained flat at the parallel market to close at N532/$1. This is the same rate recorded at the close of trade on Monday, 6th September 2021.

Nigeria’s foreign reserves recorded a boost of $240.6 million on Monday, 6th September to close at $34.49 billion, compared to $34.26 billion recorded a day before. The reserve position has gained $480.5 million so far in the month of September 2021.

The cryptocurrency market recorded significant losses on Tuesday, as El-Salvador celebrates Bitcoin Day, in commemoration of their Bitcoin adoption as legal tender.

Trading at the official NAFEX window :

Exchange rate gained against the US dollar on Tuesday 7th September 2021 to close at N410.67 to a dollar, representing a 0.11% appreciation compared to N411.13/$1 recorded on the previous trading day.

The opening indicative rate closed at N411.07/$1, a 75 kobo appreciation compared to N411.82/$1 recorded on Monday, 6th September 2021.

An exchange rate of N412.95 to a dollar was the highest rate recorded during intra-day trading before it settled at N410.67/$1, while it sold for as low as N400/$1 during intra-day trading.

Meanwhile, forex turnover at the Investors and Exporters (I&E) window increased by 31.3% on Tuesday 7th September 2021.

According to data tracked by Nairametrics from FMDQ, forex turnover grew from $97.54 million recorded on Monday to $128.11 million on Tuesday 7th September 2021.

Cryptocurrency watch:

The crypto market nosedived on Tuesday, triggered by huge selloffs as investors lost over $299 billion in one day. The total market capitalisation of the crypto industry declined by 12.57% to close at $2.08 trillion.

The bearish trade on Tuesday was largely driven by declines recorded in major crypto assets, especially the world’s most popular cryptocurrency bitcoin, which dipped 11.54% as of the close of trade on Tuesday to close at $46,627.31.

Similarly, Ethereum dipped by 14% on Tuesday to close at $3,378, while XRP dropped significantly by 20.83% to close at $1.10115.

The President of El Salvador announced the additional purchase of 150 BTC on Tuesday, as he stated that he is buying the dip. The president however blames the price crash of Bitcoin on the IMF, which has been spreading Fear, Uncertainty, and Doubt about the country’s adoption of Bitcoin as legal tender.

Meanwhile, Nigeria is set to kick start its pilot scheme of its Central Bank Digital Currency (CBDC) known as ‘e-Naira’ on the 1st of October 2021, with the blockchain technology known as the Hyperledger Fabric Blockchain being adopted.

The Chairman of Nigeria’s Economic and Financial Crimes Commission, Abdulrasheed Bawa has hit on the risk associated with Bitcoin and other cryptocurrencies to the world economy. According to him, many criminals now play significant roles in cryptocurrency markets, adding that virtual currencies had become their preferred medium of exchange.

Crude oil closed bearish:

The crude oil market traded on a bearish note as Brent Crude oil closed at $71.69 per barrel on Tuesday, 7th September 2021, representing a 0.73% decline compared to the previous day.

In the same vein, West Texas Intermediate (WTI), also recorded a 0.01% decline in price to close at $68.34 per barrel, while Natural Gas gained about 0.61% to trade at $4.596.

Crude oil prices had surged in the previous week after Hurricane Ida damaged offshore platforms and flooded refineries during the week. During the previous week, member states at the OPEC+ meeting reiterated their commitment to the 400,000 b/d monthly increase over the rest of the month.

The bearish trade was attributed to rising U.S dollar and more concerns about demand. Note that a stronger dollar makes oil buying more expensive for holders of other world currencies.

Oil prices were also weighed down by the deep Saudi cut in its prices for Asia, for October, which is an indication that the world’s largest oil exporter wants to keep its market share in its most important market.

External reserve:

Nigeria’s foreign reserve rose by $240.6 million to close at $34.49 billion on Monday, 6th September 2021, compared to $34.26 billion recorded as of the previous day. The latest increase represents a 0.7% boost in the country’s foreign reserve.

The reserve has gained $480.5 million in the month of September and has lost a total of $875.million year-to-date compared to $35.37 billion recorded as of 31st December 2021.

Meanwhile recent reports have suggested that Nigeria’s foreign reserve position could grow as high as $40 billion by the end of September 2021, the recorded growth in the country’s foreign reserve position could be a positive step towards hitting the projected target. Nairametrics
06:37

Man Utd vs Newcastle: Millions of fans to miss out on Cristiano Ronaldo’s second debut




Many football fans itching to watch Cristiano Ronaldo’s second debut for Manchester United may be left disappointed because of a TV blackout.

Ronaldo is back at Old Trafford 12 years after he left for Real Madrid.
The 36-year-old is expected to play at some point when they host Newcastle United on Saturday.

However, the game will not be broadcast live in the UK, denying millions the chance to watch Ronaldo wear United’s hallowed number 7 shirt again.
With the weekend’s fixtures to be shown live by British broadcasters decided weeks ago, it is too late to move the Manchester United vs Newcastle game from its 3pm kick-off time.

This means it can’t be broadcast live in the UK.

This is due to a stipulation that has been followed in the UK for over 40 years: the “3pm blackout,” as it has become known.

The rule states that no game of any kind, whether in the Premier League, Championship, or even Bundesliga or LaLiga, can be broadcast live on British television on a Saturday between 2.45 pm and 5.15 pm.

The rule originally excluded the FA Cup final, but since 2012 that showpiece at Wembley has kicked off at 5:15 pm. Dailypost
06:36

Banks set to implement CBN directive on forex defaulters




Banks are set to implement the Central Bank of Nigeria’s directive to publish the names and Bank Verification Numbers of customers that flout its forex rules.

In a mail to its customers, the United Bank for Africa said, “In line with our promise to keep you up to date on policies that may affect you, please note that the CBN has directed all banks to publish a list of PTA/BTA defaulters on their website.

“Customers involved in fraudulent practices such as presenting fake visas or cancelling airline tickets after receiving PTA/BTA and failing to return the funds received to the bank within two weeks will have their details published (name and BVN) on our website.

“We encourage you to please adhere to all CBN guidelines as directed.”
The CBN recently directed all commercial banks to publish the names and BVNs of customers who engage in fraudulent and unscrupulous practices to obtain foreign exchange from banks on their websites.

The CBN had said, “Consequently, further to the various measures already put in place, all banks are hereby directed to publish on their websites the names and BVN of defaulting customers who present fake travel documents or cancel their tickets and fail to return the purchased PTA/BTA within two weeks as stipulated in the customer declaration form signed by them.” Punchng

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