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    Rwanda: Paul Kagame announces he will run for a fourth term

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    Breaking: Tribunal Sacks Kano State Governor Abba Kabir of NNPP

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    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    President Tinubu Nominates New CBN Governor and Management Team

    Zelensky’s virtual speeches to Parliaments around the world invoking history

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    FG issues Flood Alert: 13 States, 50 Communities to be affected

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    • Nigeria
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    Headline Inflation in Nigeria rose to 22.04% in March

    Food prices continue to soar in Nigeria as inflation hits 25.80%

    NERC hikes electricity meter price by 40%

    NERC hikes electricity meter price by 40%

    NNPC says no plan to increase petrol price in March

    Nigeria’s daily petrol consumption dropped by 16.8% in July – report

    Student Loan Act: How to apply for the loan, all you need to know

    Tinubu establishes presidential CNG initiative, targets nationwide adoption

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    FG to streamline taxes from 52 to 10, rename FIRS

    FG to streamline taxes from 52 to 10, rename FIRS

    Student Loan Act: How to apply for the loan, all you need to know

    FG establishes ‘Infrastructure Support Fund (ISF) for the 36 States of the Federation’

    Headline Inflation in Nigeria rose to 22.04% in March

    Inflation in Nigeria rises to 22.79% in June 2023

    CBN extends Naira 4 Dollar Scheme for diaspora remittances until further notice

    CBN includes Naira as payout option for diaspora remittance

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    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 15 September 2023

    MTN Nigeria to pay over N200 billion final dividend for 2022

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    The NGX- ASI declined by 0.07% as VITAFOAM loses 10%

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained by 1.11% as Dangote Sugar rises another 10%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.08% as TRANSCORP falls 9.99%

    TRANSCORP reports 528.45% rise in profit for 2021 FY

    The NGX- ASI gained by 0.51% as TRANSCORP rises above N7

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    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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Summer Olympics – is 2021 Feasible?

Wednesday, 29 April 2020, 10:29 pm
in Sports
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Summer Olympics – is 2021 Feasible?
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The 2020 Olympic games which was scheduled for  24 June to 9 August 2020 in Tokyo was postponed in March due to Coronavirus pandemic as the world struggle to contain the spread. The game is now set to take place from 23 July to 8 August, 2021.

The postponement of the games came at high a cost for the International Olympic Committee (IOC). With the costs running into “several hundreds of million dollars” according to the IOC president Thomas Bach.

This was made known in a letter he sent to the Olympic movement warning that IOC might make some cuts even though it would honour it’s financial obligations to Tokyo.

  • Read also; US economy shrinks for the first time in almost 5 years.

“We also need to look into and review all the services that we provide for these postponed Games,” he said. “The IOC will continue to be responsible for its share of the operational burden and its share of the costs for these postponed Games.” IOC reserves is said to hold approximately $1billion in reserves.

In a statement on Tuesday, the head of the organising committee, Yoshiro Mori warned that the Games cannot be postponed again and will be “scrapped”, If the coronavirus pandemic is not brought under control within a year.

  • Read more; We Will Resume Sales of United States Dollars for School Fees, SMEs – CBN

Health experts are warning of the risks involved in holding the games in 2021 without a vaccine or effective treatment drugs for Covid-19. Though casting a doubt on it’s feasilibity.

On Tuesday, the President of Japan’s medical association, Yoshitake Yokokuta said it will be “difficult” to hold the Olympics in 2021 without vaccines or effective drugs being developed. He however added “I am not saying that Japan should or should not hold the Olympics, but that it would be so difficult”.

  • See also; Coronavirus Update – Nigeria records 195 new cases

A task force, which brings together the IOC and various partners, including organizing committee, “has established the priorities and management strategies to make these postponed Olympic Games feasible and successful”, Bach said.

“At this moment, nobody knows what the realities of the post-coronavirus world will look like,” Bach said. “What is clear, however, is that probably none of us will be able to sustain every single initiative or event that we were planning before this crisis hit.”

Written by

Ifunanya Ikueze

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