IMF chief visits Nigeria amid decreased oil prices

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first_imgInternational Monetary Fund (IMF) managing director, Christine Lagarde is in Nigeria on a 4-day visit to advise Africa’s largest oil producer on how to recover from the shock of falling oil prices on the international market.The oil price has slid to $37 a barrel, a tough feat for Nigeria where 70% of revenue is realized through oil sales internationally.Lagarde is meeting with President Muhammadu Buhari and newly installed Finance Minister Kemi Adeosun.The Nigerian President recently announced a record budget for 2016. He plans to triple expenditure in a move to help the country adjust to the downturn in oil, which lost almost two-thirds of its value in the last year.Nigeria’s Central Bank has also issued a directive restricting the use of debit and credit cards abroad as a temporary measure to limit the flow of foreign currency out of the country.Nigeria’s currency Naira has also weakened further against the dollar, this on the heels of a forecast that announced a budget deficit of 2.2 trillion naira, about $11-billion.Lagarde will deliver a speech to lawmakers from Nigeria’s National Assembly and will also meet with business leaders during the visit. Also on the agenda for the IMF chief is a meeting with finance ministers from the six member nations of the economic and monetary community of Central Africa – CEMAC – she’ll address hat group on January 8th.last_img read more

Minister launches basketball league

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first_img 193 Views   no discussions Sharing is caring! Tweet Twelve teams will participate in the first ever Kelver Darroux Basketball League set to commence on 5 May 2018 at the basketball court in St. Joseph.The league, organized by Minister for Information, Science, Telecommunications and Technology, Kelver Darroux, will kick off with a Ball-O-Rama, with five hundred dollars and a trophy going to the winning team.The league will continue on Friday 11 May 2018, and is scheduled to run for two months, with the champions winning a trophy and a cash prize of four thousand dollars.Second place will receive two thousand dollars, and third place will receive one thousand dollars.Other prizes, including a prize for the most valuable player, and the top scorer, will also be won.Darroux, who is also the Parliamentary Representative for the St. Joseph Constituency, told a press conference on Monday 30 April 2018 that while Hurricane Maria “impacted severely” the country’s sporting facilities, hardcourts and playing fields, “nevertheless, sports, I believe, continues to play an integral role in the lives of our young people”.“And that is why since the hurricane, as the Member of Parliament for the St. Joseph Constituency, I have taken it as a personal responsibility to see sports being revived, not just in my constituency, but for the country,” Mr. Darroux said.“And also being a basketball player myself, and having a keen interest in the sport, along with a committee that I put in place, we decided to organize a basketball league in the community of St. Joseph that will be on a national scale,” Mr. Darroux explained.The decision to host the league, as per Minister Darroux, is because the regular Dominica Amateur Basketball Association’s league will not be taking place this year.Thus the Kelver Darroux Basketball League will be an opportunity for young men across the countries, who are still actively involved in basketball, to display and enhance their skills.Mr. Darroux also informed that a committee has been established and is headed by Yeudi John, “to ensure that we could plan properly for the commencement of a national basketball league in the community of St. Joseph”.“The league I believe will provide an opportunity for our young people, particularly our young men, to continue to show and exhibit their energies in a positive way as well as to continue to have the sport of basketball alive and kicking in the country,” he noted.Minister Darroux added that due to the extensive damage which occurred to most of the hardcourts around the country, the league will be centralized in the St. Joseph community as their hardcourt “was not so severely impacted”.With the assistance of the basketball players in the community of St. Joseph, some improvements have been made to the basketball court. These include strengthening of the rims and bleachers are now being installed for the persons who come to view the games to sit.Meanwhile, Chairman of the Kelver Darroux Basketball League committee, Yeudi John listed the participating teams and outlined how the league will be formatted.The twelve teams will be placed in two zones of six, in which they will play on a ‘Round Robin’ format within the zones.The top two teams in each zone will qualify for the semifinals and they will compete on best of three format. The winners of those semifinals will then play in the finals on a best of five format.John said the participating teams are The Crossover, Blazers who will be putting forward two teams in the league, the Pichelin Sports Club, The Falcons, The Trafalgar Prowlers, The Clouds from Salisbury, the Kelver Darroux Hurricanes from St. Joseph, Old School, Snipers from Paix Bouche, Team Ice-Cream, The La Plaine Knights and The Police Sports Club. Sharecenter_img Share LocalNewsPoliticsSports Minister launches basketball league by: – May 1, 2018 Sharelast_img read more

League names squad for southern confederate trials

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first_imgRugby League BY KILA NAO The Moresby South Rugby Football League has announced its Southern Blacks squads that will be participating at the Southern Confederate trials to be staged on August 8 to 11 at Kwikila station in Central province. The teams comprising of senior men, U-20 men’s and women’s sides were selected after very successful final trial matches held on Sunday. League chairman Brown Meruma said it was a change of perception and his executives have taken a bold stand and selected young players who have talents and potential to reach new heights. “Most of the players are new and up-and-coming talents that we have identified in our competition that need exposure at a higher level competition,” Meruma said. “We have a lot of confidence in the teams and we know they have the ability to prove their skills on the field. “The senior men’s team will running under the guidance of Stanley Olo who has a lot of experience behind his back and he is capable of bailing the team out of trouble. “I want to express gratitude to our good patron and Moresby South MP, Justin Tkatchenko for his continuous support to sports programs in the electorate,” Meruma said. He also thanked the SP PNG Hunters management team for their support in witnessing the trial matches and also presenting Hunters training shirts to the best players. The Southern Blacks senior men’s side is Ezekiel Komia (Talia Spartans), Rex Sale, Emmanuel Laua, Rodney Andrew, Nathan Andi (Gabutu Dragons), Yeki Benjamin, Brandon Somavi, Joseph Komeli (Southern Sons), Junior Hoki, Goratove Ori (Sabama Raiders), Paul Yol (Muni Knights), Stonily Olo (2 Mile United), Michael Timothy, Geoffrey Mark, Jerry Kupu, Clensey Kay (Koki Eels), Aisi Sale (Korobosea Souths), Koko Kaipu (Minu Knights), Ande Warako (Talia Spartans), Simon Kaman (2 Mile United), Levi Andrew (Muni Knights), Badi Elizah (Vadavada United), Joe Omarao (Kaugere Bulldogs) and the team of officials are coach Junior Paul, trainer Mark Kumbi, team runner Etu George and team manager Tony James. The Under 20 side is William Akia (Kaugere Bulldogs), Elwood Oki, Bolo Mathias, Moses Harulu (Sabama Raiders), Justin Andawi (Korobosea Souths), Sine Kia, Brandon Siba, Bomai Bare (2 Mile United), Alphy Smith (2 Mile United), Kingsley John, Nathan Tala (Koki Eels), Ezekiel Panadan, Jim Luke (Kaugere Bulldogs), Manu Joseph, Junior Mark (Vadavada United), Yanimo Francis, John Kaupa Jnr ( Saraga Dust Crows), Nick Kusiri (Kipo Eastern Pride), Samson Steven, Samson Paijape (Gabutu Dragons), Junior Kinibo (MK West), Rex Don ( Southern Sons) and the team officials are Coach Jackins Mark Olam, Trainer Philip Seri and manager Kaupa Jack. The women’s side is Carol Francis, Rachel Weki, Rose Tuku, Elizabeth Paison, Flora Yanu, Yvonne Mora, Heather Ario, Lisa Dau (Gabutu Dragons), Dominica Bu, Joyce Kainavi (Saraga Dust Crows), Carol Gabe, Naomi John, Agnes Francis, Rachel Joe, Obai Mark, Grace Yopolo (Vadavada United) Mavis Tolewa, Sabeti Munagolo (IPA Eagles Koni), Tina Vere (Kaukana United), Roxanne Gapi, Rose King (Joyce Bay Roosters), Julie Lapun (MK West) and the team officials are coach David Waleya, trainer Koivi Vincent and team manager is Nita Siki.last_img read more