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Why FIFA Plans to Take Over Football Management in Africa

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Facts are beginning to emerge why the Federation of International Football Associations (FIFA) decided to take over the operations of the Confederation of Africa Football (CAF).

Why FIFA plans to take over football management in Africa
FIFA: On CAF take over
A joint statement from FIFA and CAF noted that the world football governing body would take control of football in the continent to enable it carryout the necessary reforms that would ensure transparency and efficiency in CAF, while abiding to the highest governance standards.

The statement mandated FIFA Secretary General Fatma Samoura to oversee CAF for a six-month period from Aug. 1 to Jan. 30, 2020, renewable with the agreement of both organisations.

Read the full statement on FIFA’s website.
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PDP Orders Fresh State Congress in Kogi

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The National Working Committee of the Peoples Democratic Party (PDP) has ordered a fresh congress to elect new officers for its Kogi State Chapter.

PDP orders fresh state congress in Kogi
PDP Spokesperson Kola Ologbondiyan as party orders fresh state congress in Kogi
The National Publicity Secretary of the PDP, Mr Kola Ologbondiyan, made this known to the News Agency of Nigeria (NAN) in Lokoja on Friday.

Ologbondiyan said that the decision to hold the congress was due to the fact that the tenure of the present state officers will come to an end on July 22.

He, however, said that the congress will not hold at local government and ward levels of the party.

The PDP spokesman said that a date and guidelines for the Governorship primaries of the congress will be announced in due course

He also confirmed that the fee of the Governorship nomination form of the party had been increased from N5 million to N10 million.

Ologbondiyan urged all aspirants to guide against misconduct and utterances that are capable of negatively affecting the chances of the party in the Nov. 16 Governorship elections in Kogi and Bayelsa States.
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Army Begins Local Production of Tactical Vehicles

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The Nigerian Army says light tactical vehicles and other weapons being locally produced by its company, Nigerian Army Vehicle Manufacturing Company (NAVMC), will help in addressing Nigeria’s internal security challenges.

Army begins local production of tactical vehicles
Army begins local production of tactical vehicles
The Chief of Army Staff, Lt.-Gen. Tukur Buratai, stated this in an interview with newsmen on Thursday after he toured production lines in the company located at Rigachikun in Igabi Local Government Area of Kaduna state.

Buratai disclosed that the first set of the indigenous “light tactical vehicles’’ produced by the company would be exhibited on July 6.

He said that NAVMC was collaborating with Defence Industry Corporation of Nigeria (DICON) in the production of the vehicles.

The army chief, however, noted that since the 60’s, there had not been serious effort at producing military equipment locally.

“The Nigeria defence complex, DICON, will soon be turned around for good.

“This is a very good development and we are keeping to timeline. We are working on mass production of the vehicles.

“The vehicles will help us in curtailing the insecurity in the country. I know everybody is concerned about the insecurity.

“But unfortunately, over the years, since the 60’s, we have not made any serious headway in defence production and local defence production.

“I think, if this one – defence complex – takes off as we envisage; we will be good for the nation,’’ he said.

News Agency of Nigeria (NAN) recalls that NAVMC was inaugurated in April, 2019.
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FIFA WW/Cup: Super Falcons Miraculously Enter Knockout Stage, Face Germany

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Nigeria’s Super Falcons on Thursday finally qualified for the Round of 16 of the ongoing FIFA Women’s World Cup in France, after a long wait.

Super Falcons miraculously enter knockout stage, face Germany
Super Falcons at 2019 FIFA Women’s World Cup in France
The Falcons qualified after Chile failed to beat Thailand as needed to qualify, only winning 2-0 in their final Group F match at the Roazhon Park in Rennes on Thursday.

Chile had needed to win 3-0, or Thailand had needed to beat Chile 15-0, to upstage Nigeria who had been waiting since playing their final Group A match on Monday.

But they failed to take advantage of a penalty kick late in the game which could have given them the needed goal.

The Super Falcons had since Monday waited with bated breath as the four tickets were being clinched one by one, first by China, then by Brazil and later by Cameroon.

Now that they have qualified, they will meet Germany on Saturday at Grenoble in the first match of the Round of 16 stage.

The Falcons have only advanced beyond the group stage once in their earlier seven appearances at the World Cup, and they lost to the Germans 1-0 in the 2011 edition of the competition.
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Capital Market Indices Dip by 0.02%

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The long bearish trend on the Nigerian Stock Exchange (NSE) seems to be moderating, as the crucial market indicators dropped marginally by 0.02 per cent on Thursday.

Capital market indices dip by 0.02%
Nigeria Stock Exchange
As a result the All Share Index dropped 7.41 points or 0.02 per cent to close at 29,765.31 compared with 29,772.72 recorded on Wednesday.

Similarly, the market capitalization, which opened at N13.120 trillion shed N3 billion or 0.02 per cent, closing at N13.117 trillion against N13.120 trillion on Wednesday.

NAN reports that bearish performance was influenced by price depreciations in medium and large capitalised stocks, among which are Forte Oil, MTN Nigeria, CI Leasing, Stanbic IBTC Holdings and Zenith Bank.

Analysts at Afrinvest Limited said that they expected investors to cautiously take positions in fundamentally sound stocks, which were trading at attractive prices and offering high dividend yields as H1 earnings season approached.

Lafarge Africa topped the gainers’ chart by 9.95 per cent to close at N10.50 per share.

Linkage Assurance followed with a growth of 8.93 per cent to close at 61k, while Thomas Wyatt Nigeria rose by 8.82 per cent to close at 37k per share.

AXA Mansard Insurance grew by 8.38 per cent to close at N1.94, while NEM Insurance gained 8.16 per cent to close at N2.65 per share.

Conversely, C&I Leasing led the losers’ chart by 10 per cent to close at N5.67 per share.

Forte Oil followed by declining 9.96 per cent to close at N31.20, while Wapic Insurance dipped by 8.89 per cent to close at 41k per share.

Courteville Business Solutions went down by 8.70 per cent to close at 21k, while Neimeth International Pharmaceuticals depreciated by 7.14 per cent to close at 52k per share.

However, the volume and value of shares traded closed lower as investors bought and sold 275.49 million shares worth N3.91 billion in 3,977 deals.

This is against the 1.23 billion shares valued at N67.89 billion shares exchanged in 3,441 deals on Wednesday.

Sterling Bank dominated trading activities, accounting for 54.96 million shares valued at N131.91 million.

Lafarge Africa came second with 32.44 million shares worth N340.63 million, while Access Bank traded 26.93 million shares valued at N185.11 million.

Guaranty Trust Bank sold 25.84 million shares worth N801.3 million, while Zenith Bank accounted for 19.87 million shares valued at N398.9 million. (NAN)
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