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Thursday, 25 August 2016

Barcelona: Goalkeeper Cillessen from Ajax signed


Barcelona have completed the signing of Dutch international goalkeeper Jasper Cillessen from Ajax, the Spanish champions confirmed on Thursday.
In a statement on their official website the Catalans confirmed they had signed the 27-year-old on a five-year contract for a fee of 13 million euros (£11.1 million, $14.7 million), rising to a potential 15 million euros.
Barca said Cillessen flew to Spain on Thursday morning to undergo a medical and would be officially unveiled on Friday.
Cillessen made a farewell appearance for Ajax on Wednesday in their 4-1 Champions League play-off defeat to Rostov in Russia.
His arrival cleared the way for Chilean goalkeeper Claudio Bravo to leave the Camp Nou for Manchester City, leaving the Dutchman to compete with Marc-Andre ter Stegen for the number one jersey in Luis Enrique’s side.
FC Barcelona announced later Thursday that Bravo had “been transferred” to City for a fee of 18 million euros, rising to a potential 20 million euros.

Town hall meeting at Kano, raises issues on Buhari’s popularity

PIC. 6. APC PRESIDENTIAL CANDIDATE, GEN. MUHAMMADU BUHARI.
1746/31/3/2015/BJO/CH/NAN

When Lai Mohammed, Minister of Information, dragged his colleagues (ministers from the North), on May 29 , 2016, to Kano State for an unprecedented Town Hall meeting with the people, as part of the anniversary celebration, many Nigerians saw it as a fresh dimension to celebrating the annual political event.
But only a thinking few saw the other side of the script or the urgency and the breathless dispatch by which the administration wanted to reach out to the people of Kano State on their own ground and in their own language so as to explain and get them to understand the policies, the programmes and anticipated prosperity under the present charge.
What was not evidently stated, at that august event was the growing unease by the administration over the gradual demystification of the famous ‘Buhari Myth’ in the state.
To understand the political grip of President Muhammadu Buhari on the people of Kano State, which had raged like a Tsunami in the run-up to the 2015 general elections, one only needs to remember that it took his raising the hands of Mallam Ibrahim Shekarau to fall the well performing Rabiu Musa Kwankwaso in 2003.
In a similar vein, it should not be forgotten that Kwakwaso had to subtly invoke the name of Muhammadu Buhari to defeat the incumbent All Nigerian Peoples Party (ANPP) government in the state in 2011 when he staged his miraculous comeback.
In fact, not even the famed rank of the Late Aminu Kano, revered in life and in death, for his Talakawa politics nor the irrepressible, indomitable and charismatic political style of the Late Alhaji Abubakar Rimi had the awesome sway on the people of Kano State like the grip of Muhammadu Buhari who is adored to no end by the ordinary people of the state.
The slogan that drowned the ancient city in the countdown to 2015 election was simply: “Kano, Sai Ganduje, Nigeria, Sai Buhari”.  The state and its people adopted candidate Buhari as their own, shutting out Katsina State and Daura, his town.
From the street cobbler, to the water vendor, the bricklayer to the painter,  the Almajirin to the beggars, from the maize farmers to the horse riders, traders, motorcyclists, professional class, political and the traditional class, they all stood like rock behind his aspiration. They rooted for him, fought his enemies, drenched his adversaries and brought home the glorious trophy
However, between the 2015 general elections and now, many things have changed. Old ways and beliefs have given way to new realities and things undone in the past are common place in the present politics and fortunes of this leader, who had promised “Change” to Nigerians and to the people of Kano State.
From a leader who was considered a political idol in the state, elevated to the reigns of sacredness, entrusted with unreserved faith and trust, from this point to his present state, showed a gradual decline in ranking and estimation, according to latest views and perspectives from some people in state
Before the election day, hopes were high up to the heaven; hopes raised by lavish campaign promises of abundant prosperity. It was common to hear most Kano voters say they would buy fuel for far less the selling pump price when Buhari takes over power or to hear them say that the prices of foodstuff would fall or again, to see the poorest of the poor scratch their fingers in readiness for a monthly stipend on May 28, 2015.
At last, the new government has come, but the dream of a new dawn is still born. Many of these supporters in the state, hence, are regaling in utter disappointment and outright grief. Months of unfulfilled dreams -rioting stomachs, shut doors of opportunities, “zero welfare” for the boys, coupled with an unthinkable poverty in the country have wiped out the invented images of Eldorado that they had nursed.
Indeed, Kano politics is well for its devotion to deserving icons, but it is also renowned for its shift in loyalty from one hero to another. In politics as in life, the people are quick to love as they are quick to divorce. Hence, the increasing spat of criticisms against the administration in the state in the face of things not expected and unanticipated happenings.
Of all, the harshest criticism so far came from a party chieftain, who was described as the factional Chairman of the All Progressives Congress in the state, Alhaji Useni Magari.
Speaking to a Kano based radio station, Cool FM, three days ago, Alhaji Useni Magari took the Presidency to the cleaners.
He described the Buhari-led administration as a total failure, stating that the administration had betrayed the confidence of the Nigerian masses, who massively voted for them.
He explained that it was not an exaggeration that many families in the country now go to bed, without at least a square meal, while some other bread winners flee their homes because they could no longer provide the basic needs to their family.
He remarked that there was nothing to show for the one year of the administration in power while adding that poverty in the land had reached an unprecedented level.
He specifically lamented the situation, whereby those around the president fail to tell him the truth and advise him on the present day realities.
A few days earlier, social critic and Second Republic legislator, Dr Junaidu Mohammad, who had been lamenting the outrageous instances of nepotism of the Buhari administration, categorically stated that Buhari had betrayed the people of Kano State.
Speaking to Sunday Sun, he said: “As far as I am concerned, it is the responsibility of the President and leader to ensure that he gives credible leadership so that everybody will have a sense of belonging. At the moment, Buhari’s leadership does not endow parts of Nigeria with a sense of belonging”.
He argued that President Buhari, contrary to impression, has not been fair to the people of Kano State, his so called adopted political home.
His words: “ I know that his political home, as far as Nigeria is concerned, is Kano. Please tell me what Kano has gained from the Buhari administration? Nothing! To add insult to injury, it is a non-Kano man who is representing Kano State in the cabinet, ” he stated.
He was categorical that so far, Buhari has not done well for the people of Kano State where he got his highest votes.
Hear him:  “I am saying that Buhari has not done well for Kano despite all that he got from the state. In fact, within the period Buhari has been in power, four markets- and they are some of the biggest markets in the North- had been gut by fire and Buhari has not deemed it fit to even pay a private visit to Kano or come through Kano to come and see what happened.”
He reflected: “ He is now rediscovering his background connection to Katsina State. He has been to Kaduna and he has been to Zamfara States and so many other states. He has been to Kaduna several times because that is where he has a home.
“But up till today, Buhari has not seen it fit to pass through Kano or fly to Kano”.
He said that if Kano people were smart enough and knew their politics well enough, Buhari would not be treating them the way unfairly.
As the new reality dawns, what is clear is that the journey after the victory is usually longer and interests not well accommodated are bound to fight back.  Perhaps, this too is playing out in Kano State.
It is no news that a majority of the Kwankwasiyya group, a politically coordinate and influential group within the APC in the state is no longer at home with the administration after their leader, Kwankwaso was left in the cold, with little or nothing in reward for his purported contributions to the making of the new government administration at the centre.
In fact, in those days, Governor Kwankwaso had laughingly prided himself that he delivered the 44 local government councils, all the House of Assembly seats in the state, all the 22 House of representatives seats, the three senatorial seats and the governorship seat to the party apart from ensuring that Buhari got his highest votes in Kano.
Hence, he expected to be rated very high in the new dispensation. But it is certainly clear that the reverse had been the case. On the contrary, Buhari has been at home with the state governor, Dr. Abdullahi Umar Ganduje, who at present is at a cross with Kwankwaso and his Kwankwasiyya faction. The implication is that many of the ignored failures of the present administration are now being played up in the politics of the state.
Also, a sizable number of the PDP members in the state, who defied party bounds to step out in favour of Buhari in the last election, have come to realize that it does not pay to betray ones party. This group of politicians in the state, who previously, would easily have been countered on the side of candidate Buhari, has been ignored from the power space. Today, they stand on the sidelines, watching without any benefits from their prodigality.  It is not surprising that many of them are no longer with Buhari. Rather, they are back to rebuild their party from the ruins of the past.  Negatively, this too has affected the “Buhari myth” in Kano
Mallam Abubakar Garba, a political analyst in the state, concurred that surely, this was not the best of times in the relationship between Kano voters and Buhari as there a few cracks here and there.
He defended that the President is still massively dear to the voters of the state but insisted that this political romance is gradually going down.


glean: SUN

Nicki Minaj, Ariana Grande to perform at MTV awards

PHOTO:AFP

Nicki Minaj and Ariana Grande will reunite to perform at the latest MTV Video Music Awards, the network announced Wednesday.
Minaj, one of the most successful female rappers, will join Grande in the pop star’s single “Side to Side” at the gala Sunday night at New York’s Madison Square Garden.
The pair, along with English singer Jessie J, collaborated together at the 2014 VMAs in one of the night’s first and best-received performances.
Minaj again kicked off the awards in 2015 in a performance with pop superstar Taylor Swift — despite Minaj’s criticism of MTV that year for passing over her “Anaconda” in nominations for Video of the Year.
Previously announced performers for Sunday’s awards include Rihanna, who will be presented with a career Video Vanguard Award, as well as the rapper Future and Britney Spears, who is releasing a new album.
MTV on Wednesday announced that award presenters for Sunday will include reality television star Kim Kardashian, whose husband Kanye West is up for the top prize with “Famous.”
Other presenters will include New York-born hip-hop mogul Puff Daddy, R&B singing great Alicia Keys, second-generation rapper and actor Jaden Smith and British singer Rita Ora.
A year after Miley Cyrus enjoyed much of the focus by presenting the awards, MTV will forego a traditional host.
The gala will instead have a series of presenters including rap producer DJ Khaled, who will appear from a luxury box in the arena.

glean:  MTV 

Typhoon grounds air flights in Tokyo

Typhoon grounds air flights in Tokyo

A strong typhoon packing heavy rain and wind has struck near Tokyo, grounding hundreds of domestic flights.
Typhoon Mindulle made landfall at about 12:30pm local time (04:30 GMT) in Tateyama city, some 80km (50 miles) southeast of the capital.
The storm packed gusts of up to 180 km/h (112 mph), and was headed north at a speed of 20 km/h, local reports saidm, as officials warned of landslides and flooding.
“In Tokyo, please exercise 36caution for landslides, flooding in low-lying areas, surging rivers, violent wind and high waves,” the weather agency Netanyahu said.
There were no official reports of casualties, but reports said at least two were feared dead.
The storm caused airlines across the country to cancel about 400 domestic flights, local media said, with the majority going to and from Tokyo’s Haneda airport.
Japan Airlines said it had cancelled 185 domestic flights, according to reports while All Nippon Airways also said 112 domestic flights had been cancelled.
Most major commuter train services in the Tokyo area were operating normally.

glean: World News

Lamentations over hike in interest rates

Lamentations over hike in interest rates

The Central Bank of Nigeria (CBN) recently increased the Monetary Policy Rate (MPR) from 12% to 14%, leading to fears that lending rates by money deposit banks will also rise correspondingly.  The MPR is a major determinant of interest rates at which the deposit banks lend money to borrowers.  While the MPR was at 12% the MDBs were granting loans at between 20% - 25%. With the new development it is feared that they will lend money at higher levels of between 28% - 30%.
The CBN justified its action on the grounds of fighting inflation which it sees as its cardinal goal in the challenge of maintaining the health of the Nigerian economy. According to the apex bank it was faced with the task of securing a balance between reducing interest rates with the goal of stimulating growth at the risk of further inflation, and tightening liquidity as well as checking inflation by increasing lending rates. It, however, chose the second option of increasing lending rates by increasing the MPR and hopefully curbs inflation.
A regular problem of developing economies like Nigeria’s is the issue of excess liquidity, which features a situation where too much money chases too few goods and services due to their often depressed productive capacities. The excess liquidity serves as a major culprit in fuelling rise in inflation. It therefore remains a core concern of monetary policy of the CBN to keep a close watch on the level of liquidity in the economy.
However, the initiative has attracted sharp reactions from some quarters, including the governor of Kaduna State Mallam Nasiru El Rufai who criticised it as being unhelpful to regular business interests in the country. Speaking to an all-women business forum - Women in Business - the governor berated  the CBN on the grounds that the increase placed loans in banks out of the reach of most normal businesses in the country except for “drug pushers and traders”. He blamed the high interest rates for job losses, arguing that the inability of businesses to borrow money at affordable rates diminished their operational capacities. On that ground he mooted the idea of a legislation that will fix interest rates outside the brief of the CBN. 
Populist as his prognosis may be, it conjures the worrisome idea of pegging the interest rate at artificial levels that may not reflect the realities of the economy. The interest rate is the price at which banks lend money to borrowers hence it is the price for borrowed money. Given Nigeria’s free market economy, any attempt to control the price of any resource such as credit through regulation outside the extant protocol of the CBN, and as is being advocated by El Rufai, may trigger fears of government interference in the dynamics of the free market and launch retrogressive tendencies associated with lender apathy. Such an outcome may not help an economy that is needy of fast track growth like Nigeria’s.
 Nevertheless the concern raised by el-Rufai borders on the central challenge of the Nigerian economy and defines an area which the present administration of President Muhamadu Buhari needs to direct its focus to in order to make appreciable change in the economic fortunes of the citizenry, with over 95% of them trapped in the informal sector which hardly benefits from the credit facilities in banks, for the simple reason of lack of capacity to access such facilities. 
 In the same vein the reference by el-Rufai to “drug barons and traders” as the best favoured by the interest rate regime alludes to a crying need for availing the real sector of the economy of the much needed access to credit. Most investors in the real sector are denied the opportunity for them to benefit from such, often by technical conditions imposed by the banks. El-Rufai’s lamentation is therefore a clarion call to address the plight of these real sector investors by the CBN to enable them move the economy forward. The CBN should therefore balance its interventions in the economy from a more-broad based perspective in order to carry all Nigerians along.   


glean: Daily Trust