Arsenal boss Mikel Arteta says he wants Takehiro Tomiyasu to stay.

The Japan defender is a January target for Bayern Munich.

Arteta said today: “I really want him to stay.
 
“I value the player a lot. He’s loved and respected by everybody at the club. He’s at the level we need to make an impact on the team.
 
“He’s going to be with us.”
 
[TNG]

There are indications that mergers and acquisitions may happen soon in the financial sector in Nigeria after the Central Bank of Nigeria (CBN) hinted on the need for recapitalization of Deposit Money Banks (DMBs) in the country.

Ripples Nigeria reports that the governor of the apex bank, Dr Olayemi Cardoso had disclosed that Nigerian banks are not adequately capitalised to meet the need of a $1 trillion economy which the present government is targeting.

 

To that effect, banks in the country may be forced to merge to meet the recapitalization requirements to be announced by the apex bank as the planned recapitalisation means that DMBs will be required to raise additional capital to meet the demands of Nigeria’s economy.

Speaking on Friday at the 58th Annual Dinner of the Chartered Institute of Bankers of Nigeria in Lagos, Cardoso said: “President Bola Tinubu’s administration hopes to achieve a $1trn economy in the next seven years which banks may not have the funds to meet the requirements of such an economy

“Attaining this substantial target necessitates sustainable and inclusive economic growth at a significantly higher pace at the current level.

 

“Considering the projected economic growth, it is crucial for us to evaluate the adequacy of our banking industry to serve the envisioned larger economy.

“It is not just about the stability of the financial system in the present moment… However, we need to ask ourselves, will Nigerian banks have sufficient capital relative to the financial system needed to service a $1trn economy in the near future?

 

“In my opinion, the answer is no unless we take action. Therefore, we must make difficult decisions regarding capital adequacy. As the first step, the Central Bank will be directing banks to increase their capital” he disclosed.

 

According to reports, Access Bank, Zenith and UBA lead the list of top banks in the country with asset sizes. As of 2023, Nigeria’s Access Bank had assets reaching approximately $33.4 billion. Other leading banking service providers in the country, namely Zenith Bank and United Bank for Africa (UBA), registered assets adding up to $27.4 billion and $ 24.3 billion respectively, these figures are well short of the $1tr economy targeted by the FG.

The last time Nigerian banks recapitalized was in 2005 when the then CBN governor, Sanusi Lamido Sanusi raised banks capitalization to N25 billion.

That exercise saw mergers and acquisitions among several banks in the country.

[Ripples Nigeria]

Terry Apala, the Nigerian singer, has revealed why he refused to join Don Jazzy’s Mavin Records and Spaceship, Burna Boy’s record label.

 

Apala, in a recent interview with Chude Jideonwo, the media personality, said his mother advised him to be the face of any label he signs to.

He said despite opportunities with Don Jazzy and Burna Boy, he chose Nelson Jack, a record label where he could be the main artiste.

“I was the problem, my mum said something to me, she said ‘your kind of music is different from what your colleagues are doing. If you are gonna be in any record label, you are to be the face,” he said.

 

“So I met Don Jazzy in 2015, like a week after we met he sent me the contract but I could not sign it because I already knew where I was coming from.

“That same 2015 I got a call from Burna Boy’s mum, like Burna Boy is there already. I cannot be the second face, I have to be the face.

“So that same 2015, I got signed to Nelson Jack because I was the face. I had issues with the record label from the call they said I am not allowed to drop songs I think for like a year or two.

 

“I was not allowed to do anything, no interviews no shows, like I was not allowed to do anything.”

Apala became in 2017 after he released a cover of Ed Sheeran’s hit single ‘Shape of You’.

The cover won him the Best Music Cover of the Year award at the City People Music Awards.

Apala is the originator of songs like ‘No Sege’, ‘Lock Up’, ‘Bad Girl’, and ‘Feel Me’.

[TheCable]

For veteran Nollywood actor, Anayo Modestus Onyekwere aka Kanayo O. Kanayo (KOK), though he has always played the odd part of ritualist in movies, he has never had anything to do with blood rituals in real life.

According to KOK, the Nigerian movie industry has been widely criticised for corrupting the minds of youths with its constant feature of blood rituals as a way of making quick wealth.

Speaking as a guest at a virtual town hall meeting powered by online news platform, Ikengaonline, the actor said determination and hard work are the only meaningful rituals for money and enduring wealth.

“It’s a lie that a man living in a thatch house will ask you to kill your girlfriend and sleep with her to make money. The Yahoo we knew many years back was writing letters and promising deals that are Utopian. These people (youths) have up their ante and it is not about the movies they watch.

“Recently, it was reported that somebody killed his girlfriend and slept with the corpse for seven days all in the name of making money. What a stupid thing to do! It’s stupid to believe that by killing somebody and eating the heart or drinking the blood you become wealthy. I can’t see any connection in that with making money. Money is made through hard work,” he emphasised.

KOK said although, he has always played the odd part of ritualist in home movies, he has “never encountered and will never have anything to do with blood rituals in real life,” adding, “The job of an actor is to act in movies, and who he is in real life is not defined by the roles he plays. Movie making is only a mirror of society.”

[Sun]

Filmmaker, Kunle Afolayan has revealed plans for a possible collaboration with singer Wizkid who is presently on holiday in Nigeria. The rave-making Afrobeats artiste made an appearance at Afolayan’s KAP Hub last Saturday, bringing his vibrant energy to the heart of the creative space. 

The purpose of his visit, according to information, was to have a special, honorary meeting with the director, and to delve into exciting partnership possibilities. 

According to Afolayan, Wizkid’s visit to the KAP Hub turned an ordinary Saturday into an extraordinary affair. 

 

“He took the time to engage with the hub’s creative atmosphere, adding his unique flair to the lively ambience and creating an unforgettable moment for everyone present. Wizkid’s visit was more than just a celebrity appearance; it was a celebration of the synergy between music, art, and creativity,” the filmmaker said in a statement. 

He further noted that the visit of the Afrobeats superstar to the Hub further solidifies it as a thriving epicentre for collaboration and innovation in the Nigerian entertainment industry. 

Meanwhile, Wizkid has rolled out the terms and conditions for his going into acting. The Grammy-winning artiste expressed his desire to embrace roles that involve kissing scenes and handling firearms in movies.

READ ALSO:   Yomi Fabiyi Issues Advisory On Citizen Engagement With Police 

He disclosed this intention through his Instagram story, stating in Pidgin, “Shebi I tell una I one dey act film! I just want dey kiss and shoot a gun for a movie. Daz all.” 

 

Additionally, Wizkid hinted at the possibility of extending his hiatus from music, initially planned for three to four years, now contemplating a stretch to six years.

[DailyIndependent]

Anthony Joshua could revisit the Rumble in the Jungle as part of an “iconic” bout around the 50th anniversary of the legendary fight, says Eddie Hearn.

Promoter Hearn says talks have taken place over the heavyweight contender fighting in Africa, and that government backing for an event is available.

Joshua, 34, has Nigerian ancestry but has never fought on the continent.

“It’s something that would be iconic for the sport,” Hearn told BBC World Service’s Newsday of the proposals.

“When we’re visiting these countries, there’s government funding to stage these events.

“Sometimes that isn’t forthcoming in all areas but there have been discussions and I think it will happen in time.”

Muhammad Ali and George Foreman contested the heavyweight world championship in Zaire – now Democratic Republic of Congo – in October 1974 in one of the greatest fights of all time.

Both men were champions during the long careers that made them legends, with Ali knocking out Foreman in the eighth round to win the WBA, WBC and Ring titles.

Joshua held the WBA belt for a combined total of almost four years and has been IBF, WBO and IBO champion, although he is currently aiming to win back the titles he failed to regain from Ukrainian Oleksandr Usyk in Saudi Arabia in August 2022.

[Thisday]

Environment Secretary Steve Barclay has announced £3 million in funding to enable shipments of Ukrainian grain to Nigeria in 2024.

Barclay set out the package of support for Ukraine while addressing the international community at the Kyiv International Summit: Grain from Ukraine today (Saturday, November 24).

The Department for Environment, Food and Rural Affairs (Defra) said after tearing up the Black Sea Grain Initiative, Russia destroyed over 280,000t of grain in one month, which could have fed “over 1.25 million people for a year”.

“In the face of these relentless and targeted attacks on ports and grain infrastructure, the initiative ensures Ukrainian grain still reaches those most in need while protecting global food security, keeping prices down and strengthening markets.”

Announcing the funding, Environment Secretary Steve Barclay said: “From our government to our farmers, our solidarity with the people of Ukraine remains cast iron,” Barclay said.

“The UK is committed to ensuring Ukraine can continue to export grain to those most in need.

“I am also proud we will be able to share the UK and Defra’s expertise to help Ukraine’s farmland and nature recover from the destruction of the Nova Kakhovka Dam and the impact of the conflict.”

Barclay also updated the conference on the development of the UK’s Grain Verification Scheme, which is being backed with £2 million in funding from the government.

The scheme aims to uses science to determine where grain has been grown and harvested – supporting Ukraine’s efforts to trace and stop theft of grain from occupied regions.

The UK government said further information on the scheme will be unveiled early next year. 

[Agriland]

Talk of women doing incredible things and excelling in a male-dominated field, Owolasooge Temitope, Emike Lambert Emmanuel, and a few others are amazing. These are female tilers and they belong to the Association of Tilers Nigeria.

In addition to the astounding works they do with their hands, they share the same marital status; they are young widows with mouths to feed. 

 

These female tilers are hardworking and you need not imagine the amount of hustle they put in to ensure their children are well catered for. But surprisingly, while they both agree that there are prospects in their tiling business, the huge challenge is not only about gender discrimination but, something worse. Something that sounds very absurd but common in a morally depraved society.

Temitope, a native of Osun state, tells her story. “First of all, I appreciate the person who taught me how to lay tiles. I started with just by going to sites and doing any available labour. I saw how they were laying tiles and loved the artistry involved. He encouraged me to learn tiling and as I was interested, it wasn’t difficult for me to understand the technique involved. I posted the first work I did on Instagram and people started commenting. They were saying wow, look at a lady tiler.

“ I learned the work for like two months and started working in 2017. By the grace of God, I’m the CEO of my business and I have apprentices working under me. Since I’ve been doing this tiling job, I’ve met many women but they are contractors and not tilers; but, I get the contract and also lay the tiles.

I’m living in Sapele, Delta State, and sometimes in Sango Ota. I stay in any place that the work takes me to. People now call me from Imo state, in short, different parts of the country to work. The work is very good though stressful.”

The major challenge she faces on the job as a woman, Temitope discloses is that “sometimes people call you to a site and want to take advantage of you. They will make it clear that if you don’t sleep with them, they will not give you work. I don’t work like that. If you want me to work with you or for you,  you will pay me my money. If I sleep with the client, I will still do the work before collecting my money; what’s the need? 

“Even some women make the work difficult for us. Sometimes they will accuse their husbands that they brought their girlfriend home, pretending that they are doing business. Even some of our fellow tilers will call me for work and afterward, to pay, is wahala. The other time, one customer called me from Lagos to go to Ibadan to submit a quotation. When I got there, he took me to a beer parlour. Later, he stole my handset after he pretended as if he was going to use it to reach his boss.”

The job is also hard on the female looks. “Look at my hands, (shows off her hands) they don’t look like a lady’s fingers again because of the work I do. But it doesn’t matter, so far as being a tiler puts food on my table. People are very wicked sometimes. They will quickly pay for work materials worth millions but just to pay maybe 20 thousand naira for laying the tiles, they want you to sleep with them. My plan now is to have a shop where I will be selling tiles and other materials while waiting for a tiling contract to come. I’m a widow and I need money to take care of my children.”

For us to get jobs they’ll tell you, “Nothing goes for nothing”- Emike

Edo state-born Emike has been in the tiling business for about 10 years now; she shares reasons she became a tiler.

“I’m the widow of a Fallen Hero. I’m ready to show off the skills that God gave me to put food on my table; I have three kids and other responsibilities to take care of. I need to work hard to take care of myself and my kids. I don’t need to depend on a man. I cannot sell my body before I take care of my responsibilities. This is what made me go into the tiling industry. But right here, the problem we are facing is that it is the quacks that are getting the jobs through connections. Those people giving quacks the jobs are only interested in their cuts and not whether the job will be done well.”

Emike believes the government can help with regulations that can protect the females among them and also support them with loans. “I’m begging the government to give us soft loans so that we don’t need to pay interest. This will help us especially the women in the industry to get the required equipment to do our jobs. We the female tilers are finding it very, very difficult in the industry because it is male-dominated. We cannot sell our bodies because we need jobs. When they call you for a job, even before taking you to the owner of the job, the person will tell you that nothing goes for nothing; it’s our bodies they’re asking for. How long are we going to continue like this? We are professional tilers and are ready to work.”

[Sun]

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has given the lie to insinuations suggesting that he would contest against his boss, President Bola Tinubu, in the 2027 presidential election.

The former Rivers State governor vowed that having worked for the emergence of Tinubu as president, and having been made minister of the FCT, nothing would make him contest against his principal in 2027.

 

The minister who spoke on a live television programme in Abuja yesterday also said good character should never be compromised on the altar of politics.

Wike reiterated his commitment to the success of the Tinubu administration, even as he explained that the quest for justice was the key reason he and the G5 group of governors supported the presidential ambition of Tinubu.

He stated: “Tinubu made me the FCT minister and I won’t allow anybody to crumble our political structure. No! Tinubu made me minister; people do not understand. I have character.

“What will happen in 2027? I stood and I said I am not going to support injustice. I was threatened that they will do me this and that. They tried many options, including using Major Generals.”

 

On the update of his face-off with his successor, Governor Sim Fubara of Rivers State, the minister who initially said he did not want to talk about the matter however said, “Give a man power and money, that is when you will know the person. If you have not given a man power and money do not say you know the person.

“He may be your friend; he may be your son, sister or mother or father. I don’t want to go into that.”

 

Wike expressed dismay that Fubara would seek to destroy the structure which produced him as governor just within three months of his emergence.

“In three months, it is sad for someone to scatter a political structure that supported and brought you up. You know what is painful?  All these allegations, I smile. Who and who sat with him. In all your doings be grateful in your life no matter the circumstance. Nobody who is a gentleman and a politician will support this kind of thing.

Speaking during a media chat in Abuja on Friday, Wike said: “We never knew that it will take you three months to scatter the political structure that picked you up. What is painful is seeing these propaganda and lies that I was angry. Did he (Fubara) buy form? Be grateful in your life in all circumstances.

“I will not allow anybody to crumble our political structure. I told him if you do this ring-road your second tenure would be assured, I took him to Germany to meet Julius Berger and they promised to do the road in three years, which is the year leading to election. I told him if you do this road, nobody will challenge you in Rivers State.

“Anything that will make me disrespect Mr President, count me out. He disobeyed the President, disobeyed the Vice President. When the law speaks, thuggery, militancy and ethnicity will run away.”

 

Wike also outlined some of his achievements as governor of Rivers State, saying he was paying pensioners’ gratuity every month, something he said was not done by his predecessor.

“I took River State to the level where you cannot discuss politics in Nigeria without Rivers State. I was an ordinary minister when I became a governor. I challenged the sitting governor and I defeated his candidate. I worked hard,” he said.

Meanwhile, the minister said existing landowners with Certificate of Occupancy (C of O) in the FCT must re-certify them to incorporate the new features.

Wike said this would cost individuals N50,000 each and corporate bodies, N100,000 each.

Still speaking on a live television programme in Abuja, the minister noted that the new C-of-O would now require a National Identification Number (NIN) and Bank Verification Number (BVN)

He said he had been refraining from signing C-of-Os during his tenure as the FCT minister to introduce enhanced security measures, such as the inclusion of NIN for individuals and BVN for corporate bodies.

“There are a lot of discrepancies, a lot of cloning of C-of-Os. So, we have come up with an idea that every allottee who seeks and applies for a C-of-O must supply his NIN; this is one of the features we are going to put in the new C-of-O.

 

“If a corporate body doesn’t have an NIN and they have a property, they must put their BVN. So many persons have not registered, and this will make them go and re-register,” Wike stated.

On the existing landlords with C-of-Os, he noted that they would only be required to pay a nominal fee for recertification.

“For everyone who has a C-of-O, they will come for a recertification, so that we can incorporate the NIN or BVN. Those who had a C-of-O before do not need to pay money again; the highest they can pay is N50,000, and corporate bodies will pay N100,000. It helps in terms of security; it also helps to improve our revenue generation,” he said.

[Leadership]

The European Union (EU) has updated its immigration rules for country nationals which indicates that they must legally and continuously reside in an EU member state for at least five years, and this status must coexist with national long-term resident schemes.

Third-country nations are countries or territories that are not a member of the European Union or those whose citizens do not enjoy the European Union’s right to free movement. Nigeria is an example of a Third-country nation.

This directive was given by EU member states, during a meeting of the Council’s permanent representatives committee, where they established their negotiating mandate for revising the EU long-term resident’s directive.

Nairametrics learns that this directive outlines the criteria for third-country nationals to obtain EU long-term resident status.

What the rules indicate

Under the Council’s position, third-country nationals can accumulate residence periods of up to two years in other member states to meet the five-year requirement.

However, certain types of legal residence permits, like EU Blue Cards or permits for highly qualified employment, will be accepted for residency in another member state.

Applicants for long-term resident status must demonstrate stable resources, and sickness insurance, and may need to fulfil integration conditions.

Although this status is permanent, it can be revoked if the person has not had their primary residence in the EU for a specified period.

EU long-term residents are granted intra-EU mobility rights, enabling them to move and reside in other EU countries for work or studies, subject to specific conditions.

They will enjoy equal treatment with EU nationals in areas such as employment, education, and tax benefits.

Background 

In 2020, over ten million third-country nationals held long-term or permanent residence permits out of the 23 million legally residing in the EU.

The proposed update aims to address underutilization, complexity in acquisition conditions, and barriers to intra-EU mobility rights.

The Council’s negotiating mandate will allow for discussions with the European Parliament to finalize the legal text.

[Nairametrics]