Category: 📈Trends

  • Man Utd staff given one week to resign as Sir Jim Ratcliffe implements cost-cutting measures

    Man Utd staff given one week to resign as Sir Jim Ratcliffe implements cost-cutting measures

    Manchester United have reportedly given all non-playing staff one week to decide if they want to resign, as co-owner Sir Jim Ratcliffe moves to cut cost.

    Ratcliffe, now controlling 27.7% of the club, some £1.3 billion minority takeover, is keen on reducing costs to comply with Financial Fair Play (FFP) regulations.

    A mass email sent to staff, excluding coaches and scouts, has been described by United as offering “voluntary resignation.”

    However, SunSport have reported that many employees view it as voluntary redundancy, as the current staff count at the club exceeds 1,000.

    Man Utd staff given one week to resign as Sir Jim Ratcliffe implements cost-cutting measures
    Sir Jim Ratcliffe moves or cut cost at United over FFP rules – Getty image

    The Athletic reports that this move is part of Ratcliffe’s broader strategy to streamline operations at Old Trafford.

    The billionaire’s review includes examining business and operational costs after the club recorded a £42 million loss.

    According to reports, Ratcliffe has already introduced significant changes, such as ending the option for staff to work from home.

    Additionally, employees were required to contribute £20 towards travel costs for the FA Cup final against Manchester City.

    This was a departure from previous perks that included free tickets, transport, and meals.

    This cost-cutting extends to matchday benefits as well. Although staff received free tickets for the FA Cup final, there was no complimentary food or travel this year.

    Recall United are also facing potential exclusion from next season’s Europa League due to Ineos’ ownership of Nice, which also qualified for the competition.

    UEFA mandates that Ineos must demonstrate no “decisive influence” over both clubs.

    Failure to comply could see United relegated to the Conference League.

  • Sonia Bompastor appointed new Chelsea Women’s manager after Emma Hayes exit

    Sonia Bompastor appointed new Chelsea Women’s manager after Emma Hayes exit

    Chelsea have officially announced Sonia Bompastor as the new head coach of their women’s team, replacing Emma Hayes.

    Her job is effective from the start of the 2024/25 season.

    Bompastor, who has spent three successful seasons managing Lyon, will take over from Hayes, who departed after nearly 12 years at the club.

    The 43-year-old boasts a fine resume, having being capped 156 times by the French national team before retiring in 2013 to take up a coaching position with Lyon’s Academy.

    Just in: Sonia Bompastor appointed new Chelsea women’s manager after Emma Hayes exit
    Bompastor boasts of a Champions League title with Lyon women – Getty image

    In April 2021, she became the club’s first team head coach and has enjoyed much success during her time in the role, winning the Division 1 Feminine title in the last three seasons.

    She led Lyon to a league and European double during her first full season in charge, becoming the first person to win the UEFA Women’s Champions League as both a player and a head coach.

    Bompastor expressed her excitement about the new role, stating: “I am incredibly grateful to join Chelsea Football Club.

    “It is an institution in English football. I will give my all to this new project to meet the ambitions of the club, the staff, and the players.

    “I hope to live up to Emma’s legacy and continue the work that has been done in recent years. Let the adventure begin,” she added.

  • 12-year-old Russian boy alleged as founder of TapSwap

    12-year-old Russian boy alleged as founder of TapSwap

    A 12-year-old Russian boy has been reported as the founder of TapSwap, a popular cryptocurrency app that allows users to tap on a game and earn coins that can later be turned into real money.

    In a series of posts on social media, the boy, whose real name isn’t yet known, has been rumored to be the creator of TapSwap.

    12-year-old Russian boy alleged as founder of TapSwap
    12-year-old Russian boy alleged as founder of TapSwap.

    However, at the time of writing this report, there is no concrete evidence to prove or show that the boy, whose picture is displayed in this article, is in any way linked to TapSwap.

    Nevertheless, he has gone viral on social media as individuals have continued to trend and publicize the claims that he is the owner or founder of the platform.

    @Babafella2: “So the boy who created the TAP SWAP App is a 12-year-old Russian boy. What could you create when you were his age?”

    @itzclarkson: “Breaking News: 12-year-old Russian Boy creates Tap Swap app, gains popularity in Nigeria. OYA, make una continue tapping.”

    @AkinBamTips: “TapSwap was created by a 12-year-old Russian boy who did it for homework.”

    @sparkle_akoga: “So it is a 12-year-old Russian Boy who created the Tap-Swap App. What is happening to our innovation and creative act?”

    SEE POST:

  • Couple’s remarkable transformation from 2005 to present stuns many online

    Couple’s remarkable transformation from 2005 to present stuns many online

    A couple has captured the hearts of many online with their extraordinary journey of transformation, spanning nearly two decades from 2005 to the present day.

    The couple, whose identities remain unidentified, shared their remarkable story on Facebook, leaving netizens in awe.

    The captivating narrative began with a nostalgic throwback to 2005, where the couple, brimming with youthfulness, posed affectionately together.

    Couple's remarkable transformation from 2005 to present stuns many

    As time passed, pictures showed how the couple became parents and got married, each moment full of love and growth.

    In 2007, the couple was seen cradling their newborn baby, marking the inception of their beautiful family.

    The following year, another bundle of joy joined their ranks, commemorated in a heartwarming photo of the man proudly carrying their elder child while the lady held their newborn.

    In 2011, the couple officially tied the knot in a wedding ceremony, all dressed in white attire.

    Couple's remarkable transformation from 2005 to present stuns many

    As the years progressed, the family expanded, with the anticipation of their third child palpable in a touching 2014 photoshoot, where the lady’s baby bump was proudly displayed.

    By 2015, their family of five stood united, exuding happiness and togetherness.

    However, it was in 2017 that the most noticeable transformation occurred, as the couple and their children underwent a striking change in appearance.

    Clad in elegant black outfit, the family radiated sophistication and grace, leaving viewers in awe of their transformation.

    In subsequent years, the family’s refinement and elegance only continued to flourish, as depicted in the latest photos shared by the man.

    Dressed in crisp white shirts paired with corporate trousers and ties, the man and his sons exuded confidence and maturity, while the lady and her daughters dazzled in exquisite black gowns.

    Netizens Reactions…

    Mapula Lucy Matlala said; “I love this so much!!.”

    Ogbene Omagu remarked; “Congratulations I will tell my story one day by his grace.”

    Ogechi Metu said; “This what they call beautiful ending.”

    Chi Presh said; “Wow this is wow, the more they grow the younger they get.”

    Zabiya Mark said; “Early marriage is all I see….”

    Eric Chirchir said; “Nice family.”

    Basit Owolabi said; “Nice picture family.”

    Mamake Jasmine said; “The true definition of trust the process.”

                       

  • Naira strengthens to 1,339.33/$ at official market

    Naira strengthens to 1,339.33/$ at official market

    The naira appreciated to 1,339.33/$ at the close of trading on the official window on Monday, gaining 9.68 per cent over Friday’s 1,482.81/$.

    According to FMDQ data, which houses the Nigerian Autonomous Foreign Exchange Market, the daily turnover dropped to $180.80m from $556.25m on Friday, indicating a 67.50 per cent decline.

    At the official market, the naira traded at an intraday high of N1,501 and an intraday low of N1,310 to the dollar on Monday.

    At the black market, the naira traded at N1,520, indicating a 1.32 per cent depreciation from N1,500 exchanged on Friday.

    The local currency on Friday closed flat against the dollar, ending the week marginally strong at the official foreign exchange market after weeks of weakening, a situation that the Central Bank of Nigeria Governor, Olayemi Cardoso, termed seasonal fluctuation.

    He said this at the post-Monetary Policy Committee meeting press briefing last Tuesday in Abuja.

    “Members further observed the recent volatility in the foreign exchange market, attributing this to seasonal demand, a reflection of the interplay between demand and supply freely functioning market system,” Cardoso said.

    Meanwhile, the demand for foreign exchange by individuals and companies seeking to do importation and other forex-related activities fell 42 per cent year-on-year, the latest data from the CBN has shown.

    An analysis of the total sectoral utilisation of foreign exchange revealed that 19 sectors and services received $21.12bn forex allocation in 2023.

    The figure was, however, a 41.9 per cent or $8.87bn reduction from the $29.98bn disbursed to the industry players in 2022, according to the quarterly statistics report by the CBN.

    Forex allocation refers to the process through which the CBN distributes foreign exchange to various sectors of the economy, including individuals, businesses, and government agencies, based on certain criteria and priorities.

    In June 2023, the CBN adopted a floating exchange rate system for the naira, unifying all forex market segments, consequently leading to a notable depreciation of the domestic currency against the US dollar and other global currencies.

  • Tapswap gives an update amidst alleged ban on Nigerians

    Tapswap gives an update amidst alleged ban on Nigerians

    Cryptocurrency mining company, Tapswap addresses concerns about the alleged ban on Nigerians from using its app.

    Amid reports from some Nigerians experiencing difficulties accessing the Telegram coin mining app, Tapswap clarified the situation in a statement on X on Friday, May 24.

    The company stated that it has no plans to ban Nigerian users, attributing the access issues to technical challenges instead.

    “Dear Nigerian community. We’ve heard concerns about limiting access to users from your country, but we want to clarify that this is not the case. We had to enable verification for the region from where DDoS attacks were initiated.

    “As promised, we will disable this once our infrastructure is fully adapted. “We deeply appreciate every member of our community from all around the world and always welcome you here. Thank you for your understanding and support.”

    Tapswap gives an update amidst alleged ban on Nigerians
    Screenshot

    How Nigerians reacted to the update on Tapswap ban

    ojehstephen stated: “Nigerians are your biggest supporters. Know this and know peace.” 

    love_ibanga opined: “All these ones na story. Make my tap tap no lost o. I don invest emotions already.”

    winifred1_ articulated: “My fingers now tap tap on their own without my permission.”

    smart_ech declared: “Me holding my hands now cause it’s already used to tapping, please rectify it fast, I cant hold it any longer.” 

  • JUST IN: Sanusi in Kano, to receive appointment letter today

    JUST IN: Sanusi in Kano, to receive appointment letter today

    In addition, the governor deposed five emirs appointed by Ganduje and gave them a 48-hour ultimatum to vacate their official residences and palaces.

    Yusuf also directed them to hand over all affairs to the Commissioner for Local Government and Chieftaincy Affairs.

    However, the Federal High Court in Kano has issued an order stopping the Kano State Government from enforcing the Kano State Emirate Council Repeal Law.

    Justice Mohammed Liman granted the order in an application by Alhaji Aminu Babba Dan Agundi, the Sarkin Dawaki Babba of the Kano Emirate.

    In the lawsuit concerning the Emir’s seat, the respondents in the fundamental rights case are the Kano State Government, the House of Assembly, the Speaker, the Attorney-General, the Commissioner of Police, the Inspector-General of Police, the Nigeria Security and Civil Defence Corps, and the State Security Service.

    The reinstated Emir of Kano, Sanusi Lamido has arrived at Kano State Government House to receive his letter of appointment before resuming duty as the new emir, Daily Trust reports Friday.

    The new first-class Emir of the state was honoured in a homecoming reception late Thursday.

    Lamido is expected to be at the Africa House in Kano Government House for a mini-durbar ceremony by 10 a.m. today, from where he would proceed to the Nassarawa Emir’s palace.

    From there, the Emir will lead the Muslim Jumat prayers (Friday) at the Kano Central mosque located at the palace in Kofar Kudu.

    Kano State Governor, Abba Yusuf, on Thursday, reappointed Lamido as the Emir of Kano, four years after he was dethroned by a former governor of the state, Abdullahi Ganduje.

     

  • How i used to sell weed, alcohol to sex workers – Gospel artist, Victor Thompson

    How i used to sell weed, alcohol to sex workers – Gospel artist, Victor Thompson

    Gospel artist, Victor Thompson, known for his famous track “This Year,” has recounted how he used to sell weed, and alcohol to sex workers.

    Victor Thompson spoke candidly with Chude Jideonwo about his experiences selling marijuana and alcohol to s3x workers as a means of survival after losing both parents at the age of 12 and his incredible transformation story.

    The gospel musician described his everyday challenges, including working multiple jobs to make ends meet.

    According to him, during the day he sold sachet water on the streets, and at night he ran a small shop near a brothel, selling booze, marijuana, and cigarettes to sex workers.

    Gospel artist Victor Thompson reveals how he used to sell weed, alcohol to sex workers
    Victor Thompson, Gospel musician

    In his words:

    “At a time, I was selling alcohol, weed, cigarettes, and hawking pure water. In the morning and afternoon time, I did vulcanizing, shoe-making and hawked pure water but at night go back to my shop which was close to a brothel to sell alcohol, weed, and cigarettes. Most of my customers were the prostitutes.

    “I lost my parents when I was between 12 and 14. My dad passed first, I think I was 10 or thereabout. When my dad died, my aunties threw us out of our dad’s house. We didn’t have a place to sleep. God so good, a carpenter was so kind and gave us an empty land to sleep. It’s a bush so at night, I would sneak my mum in, so that was how we lived for years. But she couldn’t cope then she passed.”

  • Lagos-Calabar highway: 750 houses set for demolition

    Lagos-Calabar highway: 750 houses set for demolition

    The Minister of Works, David Umahi, has disclosed that 750 houses that are on the path of the Lagos-Calabal Coast Highway have been marked for demolition.

    He revealed this during a meeting with stakeholders in Lagos on Thursday.

    He said, “If we go by the new alignment, 490 houses would be demolished, also following the gazette alignment, 750 houses would be demolished.

    “There is no change of alignment; we are following the gazetted alignment. There would, however, be realignment at Okun Ajah area of the state by 25 kilometres to avoid damaging submarine cables.”

    However, landlords of affected property were displeased with the government compensation, claiming it did not match their investment.

    Umahi further disclosed that President Bola Tinubu had been invited to flag off the Lagos-Calabar Coastal Highway.

    He said, “The President of the Federal Republic of Nigeria has been invited to flag off the coastal highway on Sunday, May 26, 2024.”

    According to the minister, the coastal highway would boost tourism.

    “The new corridor is going to have befitting tourism centres and the land is going to be made available by the relevant department of government, and Nigerians would be opportune to leverage that.

    “When external funding from outside comes, it is going to reduce our inflation and strengthen the naira. So, the partnership of Federal Government is 30 per cent commitment, and we have not exceeded that in terms of the local funding commitment of the Federal Government,” he explained.

    The minister noted that the new coastal corridor was not going to be for the benefit of Lagos alone.

    He added, “This is not just going to be in Lagos alone, but all through the 700 kilometres of the coastal highway. We tend to link this road from Sokoto to Badagry, and another spur that is going to link a road that runs from Enugu, Abakaliki, and Ogoja, down to Cameroon, and that is called the trans-Africa trade route. The Badagry route is also an African trade route linking us to other West African Countries.”

    10 property owners were compensated during a question and answer session with the minister.

    Meanwhile, some property owners and residents have expressed anger over the compensation paid to them by the government, describing it as small compared to their investment in the marked properties.

    According to them, the compensation is grossly inadequate and there is a need for the government to review the payment.

    The President of Total Energies Staff Cooperative Society and Total Energies Staff Club, Cajetan Onu, said the compensation paid by the government was insufficient compared to the investment made on the developed property.

    He appealed, “As I speak now, we have a bulldozer on our fence and we started developing our clubhouse four years ago, and we just commissioned it this year. We are not against the project; what we are requesting is more time to recover the equipment we can recover.

    “Our second request is on the evaluation that was done to be on the cost for the compensation. We feel it is grossly inadequate compared to how much investment we put into this property. We beg you to assist us to ensure that we get the right compensation for this property.”

    The founder of Leisure Games, Olanrewaju Ojo, who got N1.3m compensation, told The PUNCH that the amount was what he could generate in a week.

    He said, “This is ridiculous! What am I supposed to do with this? I will make this in a week.”

    Another compensated property owner of businesses on the Good Beach, who pleaded anonymity, said the amount was 1/6 of what he submitted.

    He said, “For me, the compensation I was given is about 1/6 of what we submitted. Obviously, it is not up to what we invested in this business.

    “I am having mixed feelings now and I do not know what to do. I do not know if I should accept or reject this.”

    Another property owner, Paul Osemele, claimed that the compensation was not at a market rate.

    He lamented, “Nobody is okay with the compensation; the government is given pantries, with the increase in cement.

    “The government is not paying according to market value. In my house, I had about 20 tenants, and I have lost revenue since the whole thing started, as they have all moved out.”

    Umahi responded that the government was fair on the issue of compensation.

    He asserted, “On the issue of compensation, the government is impartial. What we have done for others is what we have done for this place as well.”

    Umahi had earlier announced  N2.75bn in compensation to property owners affected by the demolition necessary for the construction of the Lagos-Calabar Coastal Highway spanning from channel 0 to channel 3.

    He revealed this information during a stakeholders meeting held in Lagos State on Wednesday.

    He said, “To show sympathy for people who voted for Mr President, we would do everything possible to pay the human face compensation.

    “Today, we are paying over N2bn in compensation just from channel 0 to channel 3.”

    Umahi noted that the compensation being done was a flag-off for 10 people, directing that the rest of those to be compensated should go to the Secretariat of the Compensation Committee for payment.

    He added, “All tenants within the Landmark premises, today, have all been shortlisted and they will get the alerts by 2:00 pm.

    The first phase of the compensation flag-off included 10 property owners, which were: Olaotan Olamuyiwa of Checkmate; Kemi Osinibi of Landmark Kids Club by Maxtivity; Mide Adegbite, Peter Oladipupo of FX Lounge; Bukola Oloko, Abiodun Oguntunde of Xchange Lagos; Dapo Oniru of Moist Beach; Mustapha Olatunji of G12 Beach; Dr Bashir Oshodi, and Bestrock.

    The Federal Controller of Works for Lagos State, Olukorede Kesha, noted that the aforementioned property owners were the first 10 to be compensated, adding that subsequently, other compensations would ensue.

    In March, the Federal Government started constructing the 700-kilometer Lagos-Calabar Coastal Highway, designed to extend through 9 states with two spurs leading to the Northern States.

    Umahi revealed that the road would be built using concrete pavement.

    In the following month, the government established a committee tasked with the responsibilities of reviewing, assessing and compensating landowners affected by the construction of the Lagos-Calabar Coastal Expressway.

    Umahi said that the committee, comprising members drawn from the ministry, Lagos State, affected communities, and other stakeholders, had primary responsibilities that included verifying the eligibility of claimants, assessing the dimensions of affected properties, and determining the appropriate compensation amounts.

     

  • Court stops Sanusi’s reinstatement as Kano Emir

    Court stops Sanusi’s reinstatement as Kano Emir

    Federal High Court in Kano has issued an order stopping the Kano State Government from enforcing Sanusi  the Kano State Emirate Council Repeal Law.

    Justice Mohammed Liman granted the order in an application by Alhaji Aminu Babba Dan Agundi, the Sarkin Dawaki Babba of the Kano Emirate.

    Court papers regarding the case have since gone viral.

    The Kano State House of Assembly, on Thursday, dissolved all the four newly created emirate councils in the state, PUNCH Online reported.

    The dissolution of the affected Emirates was a sequel to deliberations on the floor of the House during plenary.

    Kano State Governor, Abba Yusuf, on Thursday, reappointed Lamido Sanusi as the Emir of Kano, four years after he was dethroned by a former governor of the state, Umar Ganduje.

    In addition, the governor deposed five emirs appointed by Ganduje and gave them a 48-hour ultimatum to vacate their official residences and palaces.

    He also directed them to hand over all affairs to the Commissioner for Local Government and Chieftaincy Affairs.

    In the latest lawsuit concerning the Emir’s seat, the news agency reports that the respondents in the fundamental rights case are the Kano State Government, the House of Assembly, the Speaker, the Attorney-General, the Commissioner of Police, the Inspector-General of Police, the Nigeria Security and Civil Defence Corps, and the State Security Service.

    Meanwhile, the court ordered that all court processes be served on the IGP in Abuja.

    The judge ruled, “That parties are hereby ordered to maintain status quo ante the passage and assent of the bill into law pending the hearing of the fundamental rights application.

    “That in view of the constitutional and jurisdictional issues apparent on the face of the application, parties shall address the court on same at the hearing of the fundamental rights application which is fixed for the 3rd of June, 2024.

    “That in order to maintain the peace and security of the state, an interim injunction of this Honourable Court is granted restraining the fifth to eight respondents (CP, IGP, NSCDC and DSS) from enforcing, executing, implementing and operationalising the Kano State Emirate Council (Repeal) Law.

    “That parties are hereby ordered to maintain status quo ante the passage and assent of the bill into law pending the hearing of the Fundamental Rights application.

    “That this case is adjourned to the 3rd day of June 2024, for hearing of the fundamental rights application.”

    “Status quo ante” refers to the previously existing state of affairs.

    The repealed law, known as the Kano State Emirs (Appointment and Deposition) Law, had created Rano, Karaye, Gaya, and Bichi Emirates in addition to Kano.

    The law’s repeal means that the newly created emirates have been dissolved, consolidating the Kano Emirate once again under a single ruler.