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EPL: Awoniyi Scores Against Arsenal In Season Opener

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Awoniyi, who ended Arsenal’s title hope last season and effectively handed the title to Manchester City, needed barely ten minutes on the pitch to make an impact.

Super Eagles striker Taiwo Awoniyi got off to a promising start in the Premier League scoring a well-taken goal in the season opener against Arsenal on Saturday at the Emirates Stadium.

Unfortunately, the goal scored by Awoniyi was not enough as Arsenal prevailed 2-1 over Nottingham Forest in a game the Gunners dominated almost all the departments.

Several reports had suggested Awoniyi will not be fit for the trip to London to face the Gunners but the 26-year-old surprisingly made it to the bench.

He was finally introduced into the game in the 72nd minute when he came on as a replacement for Brazilian forward, Danilo.

Awoniyi, who ended Arsenal’s title hope last season and effectively handed the title to Manchester City, needed barely ten minutes on the pitch to make an impact.

He combined well with Anthony Elanga, another substitute to score for Forest in the 83rd minute.

Though the visitors pushed to have a share of the spoils with Arsenal, the first-half goals scored by Eddie Nketiah in the 26th minute and Bukayo Saka just after the half-hour mark gave the Gunners maximum points and a somewhat perfect start to the season.

Despite his injury setback, Awoniyi scored 10 goals in 27 EPL games in the 2022-23 season campaign, proving how dangerous he is as a striker.

With a goal from his first game, many are confident Awoniyi with lesser injury spells should get over a dozen goals for Forest this season and also ensure they retain their Premier League status for another season.

While Forest will be counting on Awoniyi for goals upfront, they have added another Nigerian, Ola Aina, to their roster, who will be saddled with ensuring they concede the least number of goals possible.

Aina made his full debut for Forest on Saturday against Arsenal as Steve Copper handed him a starter’s shirt

The former Torino of Italy defender featured for 71 minutes before he was replaced by Neco Williams.

Though Aina was booked in the 28th minute for a foul against Bukayo Saka, he largely had a decent outing for Forest on Saturday.

The next stop for Awonyi and Aina is a home game against the newly promoted Sheffield United.

Goalkeepers Steal The Show At Women’s World Cup

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Australia goalkeeper Mackenzie Arnold surely won a legion of fans with her steely-eyed heroics in Saturday’s quarter-final penalty shootout victory at the Women’s World Cup.

Once the target of criticism in the women’s game, goalkeepers have been show-stoppers Down Under with umpteen theatrical game-salvaging saves.

Arnold – known affectionately as “Macca” – saved three spot-kicks against France on Saturday, despite pinging her own penalty kick off the post.

Calling it the “craziest game” she had ever played in, the 29-year-old West Ham keeper had to stop Kenza Dali’s spot-kick twice after the referee whistled Arnold had moved off her line.

“For Macca, missing that penalty and then staying in the game and being that player that wins the game for us, it’s unheard of,” raved Matildas coach Tony Gustavsson. “I mean, that mental strength of hers.”

Of the 60 games played through three rounds, goalkeepers have been named player of the match in nine of them, including Arnold.

Netherlands coach Andries Jonker was full of praise for Daphne van Domselaar after the Aston Villa keeper’s string of saves against South Africa helped secure the Dutch a spot in the quarter-finals.

“Four years ago, there were goalkeepers that could not deal with the ball just under the bar and now we’ve got a whole generation of very athletic goalkeepers, who don’t let in that kind of ball,” Jonker said.

“Daphne is one of that new generation,” the coach added. “They’re athletic, they’re in good shape, they’ve got good positioning, so the developments in that area are incredible and the Netherlands are right along there.”

Nadine Angerer, who kept goal for Germany in their World Cup triumphs of 2003 and 2007, said there were clear signs of improved goal-keeping standards.

“Overall, there’s way better goalkeeper performances,” Angerer said at FIFA’s Technical Study Group (TSG) press conference on Aug 4. “Especially I want to highlight . . . making the decision to come out and then a decision whether to punch it or to actually catch the ball.

“We saw an absolute increase in decision making to come out and then finally, the punching technique and the punching has improved.”

Forty-six percent of teams have kept a clean sheet in a game, up from 33% from four years ago. And save percentages with the hands have risen from 74% to 78% despite there being more attempts at goal from within the penalty area.

“The positioning of the goalkeepers, they’re way more connected to the defence line, the positioning is higher, and the timing is better,” Angerer added. “They’re coming out more ruthless. And yeah, the technique itself is better, so that’s one area we saw big improvement.”

England’s Mary Earps was named FIFA female goalkeeper of the year for 2022, and the Manchester United player has shown why at the World Cup. She conceded just one goal during a group stage in which the Lionesses outscored opponents 8-1, while leaping and diving in an array of dazzling saves.

“I personally love to see when goalkeepers are doing well,” Earps said. “Obviously, we talk about the ‘goalkeeper union’ and that’s something that might be a bit of a cliche, but it’s really, really true.

“I very much hope (people are) praising goalkeepers, because I think the performances have been fantastic and deserve a lot of credit.”

Days before the World Cup kicked off, Earps voiced her anger in Nike excluding her shirt in the jerseys that were available for fan purchase.

Sixteen-year-old Emmy Somuaroo started a petition on change.org calling on Nike to reverse the decision. It has over 38,000 signatures so far.

Ronaldo Wins First Title At Al-Nassr With Brace In Arab Club Champions Cup Final

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Cristiano Ronaldo guided 10-man Al-Nassr to their first ever Arab Club Champions Cup title after scoring twice in a 2-1 extra-time win over fellow Saudi side Al-Hilal on Saturday.

Ronaldo failed to land a trophy last season after his move to Al-Nassr, who finished runners-up in the Saudi Pro League, but the 38-year-old scored six times in the tournament to finish as its top scorer en route to the title.

The tournament is played by top Arab clubs in the region and included teams from Saudi Arabia, Qatar, the United Arab Emirates, Iraq, Morocco, Tunisia and Algeria.

The star-studded Al-Nassr side had many chances to score in the first half with close season signings Sadio Mane, Seko Fofana and Marcelo Brozovic all denied by goalkeeper Mohammed Alowais.

The game at King Fahd Sports City stadium remained scoreless until six minutes into the second half when Al-Hilal’s Malcom crossed the ball and found fellow Brazilian Michael, who put his side ahead with a free header.

To rub salt into their wounds, the 27-year-old even produced the Ronaldo goal celebration as he ran to the corner flag and leapt into the air.

That seemed to fire up Ronaldo and the Portugal captain equalised in the 74th minute when he got on the end of a low cross from right back Sultan Al-Ghannam to score for a fifth game in a row.

Al-Nassr defender Abdulelah Al-Amri was sent off in the second half before Nawaf Boushal was given his marching orders while on the bench for arguing with an official, but they held on to take the game to extra time.

Ronaldo then doubled the lead in the first half of extra time when he pounced on a rebound off the crossbar and headed home with the goalkeeper off his line.

There were concerns, however, when Ronaldo was carted off the field with an apparent injury after a collision in the second period of extra time — just two days before their Saudi Pro League opener against Al-Ettifaq.

Exploring Mount Bintumani, Sierra Leone

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Mount Bintumani, also known as Loma Mansa, is a mountain peak from the Loma Mountains which is considered to be among the highest points in West Africa and also the highest one within the Republic of Sierra Leone.

Rising at 1,945 meters (6,381 feet) above the sea, Bintumani is locally known as the ‘King of the Mountains’ since it really presents itself as such.

Located more precisely in the eastern part of the African nation, the lower slopes of Mount Bintumani are covered with thick rainforests which is home to a great variety of flora and fauna, while the higher ones are bare and perfect for admiring the interesting landscape of West Africa.

From the rich fauna, there is a wide variety of highland birds, nonetheless, the most striking animals that can be frequently seen are pygmy hippopotamuses, dwarf crocodiles, duikers, buffaloes, leopards, numerous primates, snakes and the amazing rufous fishing-owls.

Still, being a popular point for hiking, it is considered to be an adventurous one due to the fact that it takes between two and five days to reach the summit, especially during the rainy season where it takes quite the effort and strong spirit to “conquer” it.

Every ascending should be taken very seriously, where each hiker should bring enough provisions and necessary hiking equipment, while hiring a guide is one of the essentials that should not be forgotten.

All in all, this stupendous adventure which excites even the most experienced hikers, Mount Bintumani definitely deserves its King title since it will squeeze every bit of energy from the hikers who enroll on such adventure.

Once Upon A Time – August 12 – 1961 – Construction Of Berlin Wall Begins In East Germany

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1521 Spanish conquistadors under Hernán Cortés capture Aztec Emperor Cuauhtémoc in Tenochtitlan marking the end of the Aztec Empire

1642 Dutch astronomer Christiaan Huygens discovers Mars’ southern polar cap

1788 Prussia joins Anglo-Dutch alliance to form Triple Alliance to prevent spread of Russo-Swedish War of 1788-90

1937 Second Sino-Japanese War: Japanese forces begin the Battle of Shanghai, a conflict that will last 3 months and involve 1 million troops

1942 The ‘Manhattan Project’ commences, under the direction of US General Leslie Groves: its aim – to deliver an atomic bomb

Historical Events Today Events in 2023
Today in Film & TV
1967 “Bonnie and Clyde” crime film directed by Arthur Penn and starring Warren Beatty and Faye Dunaway, is released

Today in Music
2013 “Crash My Party” 4th studio album by Luke Bryan is released (Billboard Album of the Year 2014)

Today in Sport
2008 American super-swimmer Michael Phelps wins 3 gold medals, all in world record time, in the one day at the Beijing Olympics; 200m I/M (1:54.23), 200m butterfly (1.52.03) and 4 x 200m freestyle relay (6:58.56)

MORE FACTS…
1961 Construction of the Berlin Wall begins in East Germany

1913 Otto Witte, German acrobat and fantasist, is purportedly crowned King of Albania

Famous Weddings
1514 French King Louis XII (52) marries by proxy Mary Tudor (18), sister of Henry VIII, at Greenwich Palace, England

1868 Prime Minister of Canada Wilfrid Laurier (26) weds Zoé Lafontaine (27) in Montreal, Canada

1926 Comedian Stan Laurel (36) marries 1st wife actress Lois Neilson (30)

CBN Loans May Cost Nigeria 40% of Foreign Reserves

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Nigeria is currently faced with its worst economic turmoil in decades as the Central Bank of Nigeria’s (CBN) debt to some foreign banks may cost Nigeria 40.7 percent of its entire foreign reserves currently standing at $34.1 billion.

Data sourced from Nigeria’s apex bank 2022 report showed the CBN owes Goldman Sachs $500 million, JP Morgan $7 billion in securities lending, and another $6.3 billion owned in foreign currency forwards which are forex obligations it needs to make to foreign investors.

Calculations showed an ability to meet the above obligations due to FX shortages might cost Nigeria 40.7 percent of its $34.1billion foreign reserves.

Africa’s largest economy’s external reserves by virtue of statute are segregated into three distinctive portions, namely the CBN, the Federal Government of Nigeria (FGN) and the Federation reflecting ownership of the reserves.

The Central Bank receives foreign exchange inflows from crude oil sales and other sources of revenue on behalf of the government. Such proceeds are purchased by the Bank and the Naira equivalent is credited to the Federation account.

These proceeds are shared each month, in accordance with the constitution and the existing revenue-sharing formula. The monetized foreign exchange, thus, belongs to the CBN. It is from this portion of the reserves that the Bank conducts its monetary policy and defends the value of the Naira.

Dollar Index Decreases by 1.6% in July – OPEC

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The Organisation of the Petroleum Exporting Countries (OPEC) has said the U.S. dollar index decreased by 1.6 per cent month-on-month (m-o-m) in July, erasing gains from the previous period.

The dollar index rose for the second consecutive month in June, increasing marginally by 0.3 per cent m-o-m.

OPEC said this in its Monthly Oil Market Report for August obtained by the News Agency of Nigeria (NAN) on Friday.

The report, while stating the impact of the dollar and inflation on oil prices, said the dollar receded, although the Federal Reserve hiked interest rates by 25 basis points (bp) in July.

This, it said, underscored a shift in risk sentiment as investors’ global macroeconomic outlook improved, and financial markets wagered that the U.S. economy would avoid recession.

According to the OPEC report, Year-on-Year (Y-o-Y), the index was down by 5.2 per cent.

The OPEC report said the dollar experienced mixed movement against major developed market currencies for a second consecutive month in July.

It said it recovered against the euro by 2.2 per cent m-o-m, but receded against the yen and the pound by 0.2 per cent and 2.2 per cent, respectively, over the same period.

It said Y-o-Y, the dollar was up by 8.9 per cent and 3.0 per cent against the euro and yen, respectively; however, it was down by 7.1 per cent against the pound over the same period.

“In terms of emerging market currencies, the dollar declined for a second consecutive month in July against the rupee and the Brazilian real by 0.1 per cent and 1.1 per cent respectively, m-o-m.

“Meanwhile, it advanced against the yuan for a second consecutive month by 0.3 per cent m-o-m,” the oil market report said.

It said Y-o-Y, the dollar was up by 3.2 per cent and 6.7 per cent against the rupee and yuan, respectively; however, it was down by 10.6 per cent against the real over the same period.

It said the differential between nominal and real OPEC Reference Basket (ORB) prices widened m-o-m.

It said inflation (nominal price minus real price) went from negative 1.78 dollars per barrel in June to negative 3.11 dollars per barrel in July, a 76.7 per cent increase m-o-m.

It further stated that in nominal terms, accounting for inflation, the ORB price went from 75.19 per cent per barrel in June to 81.06 per barrel in July, a 7.8 per cent increase m-o-m.

It added that Y-o-Y, the ORB was down by 25.3 per cent in nominal terms.

In real terms (excluding inflation), it said the ORB went from 76.95 dollars per barrel in June to 84.17 dollars per barrel in July, a 9.4 per cent increase m-o-m.

“Y-o-y, the ORB was down by 24.4 per cent in real terms,” it said.

China Intensifies Moves To Boost Foreign Investment

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China’s State Council has outlined guidelines to further optimise foreign investment through adequate partnerships with numerous countries.

The guidelines aim to improve the overall balance between domestic and international business relationships and foster a world-class business environment that is market-oriented, law-based, and internationalised.

They also aim to strengthen China’s market, making more efforts in attracting and utilizing foreign investment.

Under the guidelines, 24 specific measures in six aspects have been put forward, according to the State Council.

These aspects include improving the quality of foreign capital utilisation, guaranteeing the national treatment of foreign-invested enterprises, strengthening the protection of foreign investment, improving the facilitation of investment and operation, increasing fiscal and tax support, and improving ways to promote foreign investment.

The statement also said that all regions of China are encouraged to adopt supporting measures in light of local conditions to enhance policy synergy.

Zimbabwe’s Mining Boosts Diamond, Gold Reserves

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The Reserve Bank of Zimbabwe (RBZ) says it has stockpiled over 300 000 carats of diamonds, and 350kg of gold, collected under the new mining royalties system that requires mining companies to pay 50 percent of their royalties in refined minerals.

State media reported the RBZ governor John Mangudya as saying: “Since the introduction of the policy, we have collected about 300 000 carats of diamonds, while our gold reserves are around 350kg. This translates to US$20 million worth of gold in our reserves,” he said.

“The equivalent cash of diamonds in the reserves is difficult to get because there is no universal body that sets prices for diamonds.

“The other companies are also submitting their royalties in cash since the minerals are bulky.”

The legislative measures were indicated in amendments to the Finance Act (Chapter 23:04) and Reserve Bank of Zimbabwe Act (Chapter 22:15).

Under the law, mining companies extracting precious and high-value minerals are required to cede refined mineral products, as part payment of royalties to Government, in an initiative introduced to build the country’s mineral reserves.

The policy came into effect last October with gold, diamonds, lithium and platinum group metals (PGMs) producers depositing the minerals at the RBZ.

Retirement Plan To Reduce Nigeria’s Housing Deficit

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The Pension Fund Operators Association of Nigeria (PenoP) says the policy by the National Pension Commission which allows owners of Retirement Savings Accounts to use 25 percent of their account balance for mortgage will reduce the huge housing deficit in Nigeria.

With an estimated housing deficit of 28 million as of 2023, Experts say the country requires about N21 trillion to build sufficient housing units to meet Nigeria’s needs.

Speaking at the 2023 journalists workshop organised by Nigeria’s Pension Commission in Abuja, the Chief Executive Officer, Pension Fund Operators Association of Nigeria (PenOP), Oguche Agudah
said that the mortgage financing policy by PenCom will go a long way in closing that deficit.

Agudah while delivering a paper on “Improving Accessibility and Service Delivery in RSA Mortgage Financing,” noted that Nigeria’s housing deficit grew from 7 million in 1991 to 28 million in 2023 leading to overcrowded and obsolete housing infrastructure.

“According to the Association of Housing Corporations of Nigeria (AHCN), home ownership rate in Nigeria is 25%, one of the lowest in the world.

“As such, with the new mortgage policy of PenCom, RSA holders could acquire their own home with 25 percent of their pension savings, and will further ensure that people acquire properties even before retirement.

“So far, 187 RSA holders have received N3.1 billion for mortgage since the policy started last year and the figures are expected to rise as the year progresses,” he explained.

“One of the the outstanding provisions of the Policy is that couples can apply, however they must individually be eligible,” Oguche added