PAUL LE GUEN NAMED NEW SUPER EAGLES BOSS

The Technical and Development Committee of the Nigeria Football Federation (NFF) have named Paul Le Guen as the new Technical Adviser of the Super Eagles, with Salisu Yusuf who has been appointed as Chief Coach said to be the assistant of the 52-year-old Frenchman.

Le Guen was in charge of Cameroon, when they featured at the 2010 World Cup and has coached clubs like Lyon, Paris Saint-Germain and Nantes.

Paul Bassey, spokesman of the Committee, while speaking to thenff.com said,: “About a week ago, this committee met and shortlisted three coaches for the post of the Technical Adviser for the Super Eagles.

“Today, we have made a recommendation to the board that Paul Le Guen be appointed the Technical Adviser.

“We have also made other recommendations, that Salisu Yusuf and Imama Amapakabo be the assistants to Le Guen, while Alloy Agu should serve as goalkeeper trainer.

“We have also recommended that Bitrus Bewarang be appointed the National Technical Director (NTD) and Nduka Ugbade be returned to the Golden Eaglets as assistant to Manu Garba.

“Baring agreement on contract terms, emoluments, allowances and entitlements, Le Guen becomes the Technical Adviser of the Super Eagles”.

'I LOSE AT LEAST A MILLION DOLLARS ANNUALLY BY SERVING NIGERIA' - IBE KACHIKWU

Ibe Kachikwu

 

The Minister of state for petroleum resources, Dr. Ibe Kachikwu, has revealed that his call to serve the country costs him “at least a million dollars every year”

NAIRA FALLS TERRIBLY TO N300 - $1 USD ON THE PARALLEL MARKET

The Nigerian Naira has plummeted to a three-and-a-half low against the US Dollar, to N300 – $1 on the parallel market.

The record slump in value has been attributed to the Nigerian Central Bank’s move to curb the supply of dollars in the country.

Governor of the NCB Godwin Emefiele said foreign reserves stood at around $28 billion compared with $37 billion in June 2014, and that the bureaux de change operators were depleting them at a rate of $28.4 million per week.

“This is a huge hemorrhage on our scarce foreign exchange reserves, and cannot continue,” Emefiele told a news conference in the capital Abuja.

The price of crude oil also recently dropped briefly below the widely watched $30-per-barrel level on Tuesday, extending a selloff that has sliced almost 20% off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint.

Ongoing tension between two of the world’s biggest oil suppliers Iran and Saudi Arabia is also likely to mean that the market will remain volatile, which will inevitably lead to a weakened Naira as crude oil production accounts for 78% of Nigeria’s economy.

WHEN IMF VISITS, TEARS FOLLOW

By Owei Lakemfa

International Monetary Fund (IMF) Managing Director, Madam Christine Lagarde was on a four-day visit to Nigeria from January 4. She claimed  it was a friendly visit:  “I’m not in Nigeria to  negotiate for IMF loans but to promote fiscal discipline  and favourable  monetary policies” Making the visit look like some holiday for herself, and husband, Monsieur  Xavier Giocanti, she even visited the  Mother Theresa Children Home, Abuja where on behalf of the IMF she donated a hefty sum of $7,500 to  demonstrate that “We at the IMF, we care about