As the season progresses and Arsenal is currently in third place in the Premier League, but are still struggling to get good fielders onto the team. This is why Coach Arsene Wenger is making his rounds and looking at potential players to transfer over to their roster. As seen in the match against Leicester City, there are several gaps that need to be addressed. Even though Mesut Ozil is still one of the leading scorers on the team, he hasn’t been at his best; could give the chance for other players to step up and score.
A player that the Gunners have been keeping their eye on is N’Golo Kante. Kante played an amazing game against them on Sunday, despite losing 2-1, he was the player that certainly stood out the most. The best thing is that he is a midfielder, and that is one position that Wenger is in the market for. Regrettably, Tomas Rosicky looks to be on the way out of the team, or even retire completely, and will be wanting to replace him with some good talent, the same that Kante proved he had. Wenger has known about Kante since he was 10 years old, stating,
“Kante is a huge force in their team. Of course I know him. One of my best friends in life knows him since he was 10 years old, and he spoke to me about him. We went to watch him and we saw he had quality, but I didn’t know he would come so quickly to England.”It could be a pricey transfer, even though Kante went to Leicester for just £6.75 million, but the bad news is that the contract goes until 2019. This means that if Wenger wants him, he will have to pay at least three times that much to acquire him. This deal would work both ways, as it would give Kante the opportunity to play for a high profile club, as well as participate more in the Champions League. Scouts are still vetting to see if Kante is right for the team, but it is certain that Arsenal is interested.
Financial Derivatives
Company has said that the increasing uncertainty in the foreign exchange
market has turned the naira into a ‘banana republic’ currency.
Counterfeit nairaMeanwhile the naira on Friday appreciated to N275 per
dollar at the parallel market, representing N25 appreciation when
compared with the closing rate of N400 on Thursday
This halted a four day N75 depreciation of the nation’s currency in the
parallel market, as the exchange rate rose steadily from N325 per dollar
the previous week to N400 on Thursday due to intense demand for foreign
exchange aggravated by severe scarcity of dollars.
Vanguard investigation revealed that the appreciation of the naira on
Friday was due to massive sell off of dollars following a text message
from the Association of Bureaux De Change Operators of Nigeria (ABCON)
advising bureaux de change (BDCs) to ensure compliance with Central Bank
of Nigeria (CBN) regulations and avoid being used by foreign exchange
speculators to engage in hoarding of the dollar. According to a BDC
operator who spoke to Vanguard on condition of anonymity, the message
triggered apprehension and speculations of CBN intervention in the
market to bring down the rate.
ABCON President, Alhaji Aminu Gwadabe confirmed the circulation of the
text message, saying it was an attempt to ensure that its members don’t
fall into the temptation of being used to engage in any form of
malpractice. “We are just trying to play our role and do what we can to
ensure calm and sanity in the market”, he told Vanguard.
On its part, the Financial Derivatives Company, in its bi-month bulletin
issued last week, blamed the steady depreciation of the naira in the
parallel market to uncertainties in the foreign exchange market. The
Company said, “The CBN is resisting the idea of allowing the naira float
and find its true value. The rumour about the restriction of payments
on education and healthcare has led to a steep depreciation of the
naira. The uncertainty in the forex market is fast feeding into the
currency risk premium and thus making the naira turn into a banana
republic currency.
“We expect imported inflation to impact prices in February. The foreign
exchange uncertainty in the country has led to the depreciation of the
naira to as low as N370 per dollar.”
Read more at: http://www.vanguardngr.com/2016/02/naira-becoming-a-banana-republic-currency/
Read more at: http://www.vanguardngr.com/2016/02/naira-becoming-a-banana-republic-currency/
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