Archive October 1, 2025

Independence Day: Nigeria Has Failed To Optimise Its Resources — Rewane

Bismarck Rewane, the managing director and chief executive officer of Financial Derivatives Company Limited, has criticized Nigeria’s economic structure, blaming “suboptimality” and “poor use of resources” for its failure to realize its economic potential for six decades.

He made the remarks on Wednesday during a special episode of Channels Television about federalism and national development.

The economic expert recalled Nigeria’s strong economic standing when it first gained independence.

Cycle of four years

Rewane compared the delivery of infrastructure under military control to that under civilian control, stating that 95 percent of the world’s infrastructure was constructed under military control between 1970 and 1988.

Rewane attributed Nigeria’s four-year political cycle to its slowinfrastruktur growth since 1999.

“The four-year political cycle.” Politicians start focusing on re-election within two years, he explained.

This cycle, in his opinion, interferes with capital project execution and long-term economic planning.

Since 1999, there hasn’t been anything significant in the growth of gross capital or infrastructure, according to Rewane.

He urged Nigeria’s leaders to reevaluate their political and economic frameworks, noting that the country could only benefit from strategic planning and achieve sustainable growth.

Cheryl Tweedy seen for first time since Liam Payne’s funeral and stalking hell

Since ex-boyfriend Liam Payne’s funeral and her stalking abode, Cheryl Tweedy has seen her for the first time. Daniel Bannister, 50, the stalker of the Girls Aloud singer, was found guilty of breaking a previous restraining order and given a year in prison.

Bannister’s attempts to contact Cheryl, 42, led to his third jail term. A lifetime restraining order was also given to him. When he arrived at Cheryl’s Buckinghamshire home for a fourth time in June, he left her, according to Reading Crown Court, “stunned” and “terrified.”

Kimberley Walsh and Nadine Coyle, along with her pals, were spotted at Hadestown Gala Night after a difficult year. She supported Nicola Roberts, a bandmate, until the end of January, 2017.

For the first time since her stalker hell (PA), Cheryl Tweedy appeared elegant as ever.

At the Gala Night in central London, Cheryl wore a brown coat and an autumnal ensemble. She also chose a bouncy do to accentuate her face, which she did with a new hairstyle.

Meanwhile, Cheryl’s prosecution lawyer, Leandra Smith, read out an impact statement and claimed the singer was “stunned” when Bannister appeared at her home near Chalfont, Bucks, for a fourth time on June 19th.

She remarked, “He’s received two sentences for his unintentional and frightening behavior toward me.” I have to look over my shoulder every time I leave my property. No one should have this perception. When he is imprisoned, the fear persists.

I have a young child to protect, and it has had a significant impact. My young child is scared because of it. Security, family, and friends have all been there for me. Why should I move because of Daniel’s behavior? It’s unacceptable, terrifying, and having a negative impact.

After Liam Payne’s passing, Cheryl’s ex-partner, with whom she shares a son named Bear, made a comeback to fame.

Liam, the former One Direction member, tragically passed away on October 16, 2024, after falling from a hotel’s third-floor balcony in Buenos Aires, Argentina.

Cheryl and Liam Payne
In October, Cheryl’s ex-partner passed away (Getty Images).

Multiple traumatic injuries (polytrauma), including internal and external bleeding, were the official cause of death.

From 2016 to 2018, Cheryl and the Strip That Down singer were together for two years. Just over a year into their relationship, they welcomed their son, Bear, in March 2017. The former couple’s split in July 2018 was regrettable, but they continued to co-parent their now-elder son, who is now eight years old.

The actor was last seen attending his funeral in November of last year.

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Idiotic or a fair price? Newcastle’s Woltemade and the £69m fee

Newcastle didn’t have until the deadline day to sign a striker after a frustrating summer.

The football world was aware of their plans to replace Liverpool-bound Alexander Isak and was set to receive a sizable sum of money, as it turned out.

Clubs would naturally request a premium from the Magpies.

Yoane Wissa from Brentford for £55 million? No issue.

Nick Woltemade, a German international, for £69 million? OK.

Woltemade, 23, looks a great signing after scoring twice in three Premier League games and once in the Champions League.

So Karl-Heinz Rummenigge, a board member of Bayern Munich and a legendary former player, said Newcastle were “idiots” for paying £69 million for the German striker.

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What was said about the value of Woltemade?

Head and shoulders view of Nick WoltemadeGetty Images

Rummenigge, a former German star forward and supervisory board member at Bayern, felt that Stuttgart’s demands were too high for a player who had just joined SV Elversberg two years ago.

Woltemade, 23, joined Newcastle after scoring 12 goals in 28 Bundesliga games for Stuttgart last season.

In the Under-21 European Championship, where Germany lost to England in the final, he also scored six goals.

Rummenigge said in an interview with Blickpunkt Sport, “I can only congratulate those in Stuttgart for discovering an idiot who paid that much money. Because “that’s not what we would have done in Munich,”

Eddie Howe, manager of Newcastle, defended the club’s expenditure.

The head coach of Newcastle said, “It’s completely irrelevant.” Transfer fees are determined by market forces, not necessarily by any particular club.

“We’re very pleased to have Nick here. Because he was thrust straight into action without any notable training time with us, I believe he has made a strong start to what has been a challenging time for him.

What is the value of Woltemade?

It is difficult to determine a player’s true worth.

The bottom line is what someone is willing to pay, like anything else.

Woltemade is worth £69 million, which is what Newcastle paid for him.

The comprehensive database of Transfermarkt, which provides transfer data for BBC Sport, is one of the few reference points publicly available for valuations.

There is a catch in this situation right now. Woltemade’s most recent valuation was at the beginning of June, at €30 million (£26.1%).

What followed? A few months ago, he had a breakout.

His most recent Transfermarkt valuation came one day after earning his first senior role with Germany.

He then led Germany’s Under-21 World Cup lineup, earning the Golden Boot and the tournament team name.

Would those exploits add $43 million to his value, without a doubt, but that would undoubtedly do the same?

Omari Hutchinson and James McAtee were the only players who were selected for England’s win over Germany at the Euros, along with Jarell Quansah, who was signed for £35 million from Liverpool.

Woltemade made his seventh-tightest summer arrival in the Premier League.

Woltemade’s valuation on Transfermarkt was the lowest among the 26 most expensive new signings made by top-flight clubs.

At €50 million (£43.5 million), the same website values striker Nicolas Jackson, who was signed by Bayern from Chelsea on loan. Jackson was given a conditional purchase agreement by Bakeren for a £14.3 million loan.

Nicolas Jackson celebrating for Bayern MunichGetty Images

Bayern, do you not also spend a lot?

Harry Kane (£86. 4 million) and Lucas Hernandez (£68 million) are the only players Bayern have signed for more money than Newcastle did for Woltemade.

In the last 18 months, Bayern have turned to England for a number of their forwards. Deals for Kane, Michael Olise (£50m) and Luis Diaz (£65.5m) cost a combined £201.9m.

The rest of Europe is covered in Premier League spending.

A record-breaking summer saw the release of a sizable £3 billion in transfer spending by Premier League clubs, more than the sums spent by all teams in the Bundesliga, La Liga, Ligue 1, and Serie A.

Premier League clubs spent an unprecedented £3 billion following the conclusion of a record £6.7 billion four-year domestic TV deal and the additional revenue generated by newly expanded European club competitions.

Liverpool, the reigning champion of the Premier League, paid a staggering $415 million, while Barcelona, the reigning champion, paid just under $24 million.

Napoli, the reigning champion of Italy, spent just under £80 million on new players, compared to Bayern, who won in the Bundesliga.

With the exception of Real Madrid, promoted Sunderland had a net spend of 118 million more than any other club in continental Europe.

With just over £1 billion spent on top-tier league teams, Serie A and the Bundesliga were the second-highest spenders in Europe.

Re-sale value

Although signing Woltemade for a player who had only played 69 top-flight games before this year is a lot of money, there is a certain amount of long-term planning in the deal.

The player’s final years should be ahead of him, at age 23. Isak, the man he has replaced this summer, serves as a good example of what Newcastle hopes to get from the German.

Newcastle signed the Sweden international for around £60 million in 2022 after recording a record of 44 goals in 132 Real Sociedad appearances. At the time, Newcastle was 22.

Isak’s goals with Newcastle put an end to the club’s 70-year quest for a significant trophy and placed the Magpies in the Champions League twice in three years.

After all of that, Isak was purchased for £125 million, more than the club’s offer of him three years prior.

Newcastle will hope to see Woltemade replicate Isak’s success both on the pitch and in the boardroom.

Former Crystal Palace striker Clinton Morrison, who said, “Woltemade at Newcastle, they could end up making money on him.”

He is only a young child, and I believe he could be successful in a few years where he can earn a good living.

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Danish PM warns that Russia is waging hybrid war on Europe

Mette Frederiksen, the prime minister of Denmark, has warned that Europe must arm itself in the face of Russian hybrid warfare.

“I hope everyone understands that there is a hybrid war where there is one that involves Poland, one that involves Denmark, and the other where there is likely to see sabotage or drones flying,” Frederiksen told reporters on Wednesday.

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She was facilitating a summit of European leaders, where they discussed how to collaborate on better defense and deterrence.

Emmanuel Macron, the president of France, was present as well, and he urged the EU to approach Russia cautiously.

Macron said on Wednesday on the sidelines of the summit in Copenhagen that “we must all be very cautious because we are in a time of confrontation with a lot of hybridity.”

“We must be strong to stop aggressions, but we must also be very cautious and steer clear of any escalation,” he continued.

Giorgia Meloni, the prime minister of Italy, also warned against overreacting.

“Despite everything, I believe we must think in a calm manner. I believe that provocations shouldn’t be used against us. That is certainly true, and we must equip ourselves, she said.

Conventional methods like tanks and missiles are used in hybrid warfare, as well as unconventional ones like cyberattacks and internet disinformation, according to the authors.

The French president cited cyberattacks during elections, its war against Ukraine, the use of nuclear threats, and recent airspace violations as evidence that Russia has been “a very aggressive player” for some time.

Following a number of drone incidents last week that occurred close to the country’s airports and military installations, the EU’s heads of state and prime ministers convened in Denmark’s capital.

A unique radar system was installed at Copenhagen Airport prior to the meeting to aid in surveillance. A week ago, the airfield was closed due to unidentified drones, which caused significant disruption.

Prior to the talks, Denmark received aircraft, ships, and air defense systems from France, Germany, the Netherlands, Sweden, and the UK.

There is only one country that is willing to threaten us, and that is Russia, so we need a very strong response back, according to Frederiksen, despite the Danish authorities’ failure to identify those suspected of doing so.

In response to growing threats, the Danish prime minister made an appeal for rearmament.

“We need to rearm,” I want. I want to purchase additional capabilities. For instance, she cited the need for more innovation in drone technology. “I believe that this is the most challenging and dangerous situation for Europe to date since the end of World War II,” he said.

Airspace violations

Over the past month, serious airspace violations have been reported in Europe, but not everyone is in agreement on a plan.

Macron last week claimed that the alliance’s response would have to “go up a notch” in the event of “new provocations” from Moscow after Russia was held responsible for drone incursions against NATO members Poland and Romania.

If a Russian fighter jet were to enter European airspace, Macron did not rule out downing it.

In an interview with the German daily newspaper Frankfurter Allgemeine Zeitung, he said, “In accordance with the doctrine of strategic ambiguity, I can tell you that nothing is ruled out.”

Poland reported last month that it had shot down Russian drones as Moscow launched an airstrike against Ukraine, while Romania’s defense ministry claimed a drone had breached its airspace during a Russian attack on Ukrainian infrastructure.

Macron also alleged on Wednesday that an oil tanker off the coast of France had “very serious wrongdoings” and connected it to Russia’s shadow fleet, which is avoiding Western sanctions for its involvement in Ukraine’s conflict.

Last week, the tanker was off the coast of Denmark, and Danish naval experts cited it as having flown drones over the Nordic nation.

In the shadows of US President Donald Trump’s commitment to NATO, leaders and intelligence services predicted that Russia would launch an offensive elsewhere in Europe in three to five years following the Russian invasion of Ukraine.

Can Keir Starmer overcome his political challenges in the UK?

The left’s and right’s ratings are both down, with Labour PM’s conference speech coming as a result.

British Prime Minister Keir Starmer faced the difficult task of rallying his party amid the bleak ratings on Wednesday, one year after his enormous victory in the election.

The right-wing Reform UK Party, led by Nigel Farage, poses his biggest threat. Labour is pressing for more border security because of its hardline stance on immigration.

Starmer’s speech at the Labour Party conference displayed energy and passion, qualities he has come under fire for in recent months.

Will Starmer’s success be assured, or will his days in office be over?

Presenter: Nick Clark

Guests:

Former policy advisor to Labour governments led by Tony Blair and Gordon Brown, Patrick Diamond is a professor of public policy at Queen Mary University of London.

Jennifer Nadel, a cross-party think tank that promotes ethical governance and legislative change, is a political communications strategist and co-founder of Compassion in Politics.