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Here’re the top ten football signings so far, across Europe

The Summer transfer window has barely been opened and huge signings have already been made across the European continent. Real Madrid and Barcelona have so far been dominant in this regard.

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Summer Transfer Window

The Summer transfer window has barely been opened and huge signings have already been made across the European continent. Real Madrid and Barcelona have so far been dominant in this regard.

Nairametrics has been tracking the list of summer signings made across all the European teams, whilst rating the top highest paid fee. Based on our findings, Real Madrid has five signings of which four is part of this ranking. The club’s total signing fee so far sums up to £267 million.

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Below are the top ten football signings across European clubs.

10. Thorgan Harzard (Borussia Monchengladbach to Borussia Dortmund) £30 million

After months of speculation, Borussia Dortmund has officially secured the signing of Borussia Mönchengladbach’s forward, Thorgan Hazard, on a five-year contract.

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The Belgian international has already spent half a decade making a name for himself in the Bundesliga. Yet, very little is known about the 26-year-old (Eden Hazard’s little brother, as most people know him) outside of Germany.

9. Raul Jimenez (Benfica to Wolverhampton Wanderers) – £30million

 

Wolves have confirmed the club‑record £30 million signing of Raúl Jiménez from Benfica. The striker’s move will become a permanent one in the summer of 2019 when his season-long loan expires at the end of June. Jiménez, who has been a revelation for Wolves this season, has agreed to a four‑year contract.

8. Benjamin Pavard (Stuttgart to Bayern Munich) £31.4 million

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The 22-year-old defender has signed a five-year deal with the record-holding German champions, as announced by the club’s sporting director Hasan Salihamidzic at Bayern’s winter training camp in Doha. According to Salihamidzic;

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“He’s a young player and a world champion. We’re glad and proud to have gained such a player for FC Bayern.”

Pavard, who can operate across the back line as well as in defensive midfield, joined Stuttgart from French side Lille in 2016. He made 21 appearances in the Swabians’ Bundesliga 2 promotion campaign before playing every single minute of his maiden Bundesliga season in 2017/18.

7. Rodrygo (Santos to Real Madrid) – £40 million

The Spanish giants are intent on snapping up the best young South American talents. Having already landed Vinicius Junior, they will now get another left winger with huge potential. He’s already made more than 80 appearances across all competitions at just 17 years old and has netted nine times in 41 Serie A appearances.

6. Eder Militao (FC Porto to Real Madrid) – £45 million

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This was announced back in March but is still technically a summer transfer since the deal was never ratified until June. The Brazilian defender’s rise to the top has been extraordinary given he only joined Porto last summer for just £5 million. He has increased his value by 800% in just one year. He initially played at right-back in Portugal but then excelled in the centre of defense, where he is likely to operate for Zinedine Zidane.

5. Ferland Mendy (Lyon to Real Madrid) – £47 million

The French International who is just 24 years old, has signed a six-year deal at the Bernabeu. Former Paris St-Germain youngster joined Lyon from Le Havre in 2017 and made 79 appearances for the Ligue 1 club in two seasons. He played in every game of their Champions League run to the last-16 last season.

4. Luka Jovic (Eintracht Frankfurt to Real Madrid) – £58 million

One of the finest young poachers in world football today, the Serbian was an inspired loan signing from Benfica by the Germans two summers ago. After 34 goals in 70 games, they jumped at the chance to activate a £7 million clause in his contract back in April. Just two months later they have sold him for almost ten times that amount – although around £10 million is set to go to Benfica as part of their arrangement.

3. Frenkie de Jong (Ajax to Barcelona) – £65 milllion

De Jong showed Real Madrid, Juventus, and Tottenham his class in the Champions League. He is now set to become a key player in Ernesto Valverde’s team almost immediately.

2. Lucas Hernandez (Atletico Madrid to Bayern Munich) – £80 million

The 23-year-old French defender was a part of the 2018 World Cup winning team. He now joins Bayern for a record-breaking fee. He is one of the most powerful defenders in the game, although he has plenty of room to grow. The £80 million fee makes him the most expensive Bundesliga player of all time and the most expensive defender ever too. It’s also the first time in a long time that Lucas Hernandez has made a big change.

1. Eden Hazard (Chelsea to Real Madrid) – £88 million

The Ex-Chelsea skipper is the highest signing in this year summer transfer window so far. After he led Chelsea to a Europa final win over Arsenal, where he scored two goals in what eventually was his last match for the blues. The Belgian forward could still cost as much as £100 million and is up to double his wages. This move could also rank him among the football big boys with the likes of C. Ronaldo, Lionel Messi, and Neymar.

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Central banks digital currencies pose a threat against the U.S dollar

In general, digital currencies could weaken the power of U.S. sanctions and the ability of the U.S. Treasury to watch illicit financial flows.

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Central banks digital currencies pose a threat against the U.S dollar.

A new report by America’s biggest bank, JP Morgan Chase, said the U.S dollar is being faced with a major threat as many  central banks’ digital currencies continue to gain traction.

Analysts, including Josh Younger, the head of U.S. interest-rate derivatives strategy and Michael Feroli, the chief U.S. economist, wrote in a report saying this:

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“There is no country with more to lose from the disruptive potential of digital currency than the United States.

This revolves primarily around U.S. dollar hegemony. Issuing the global reserve currency and the medium of exchange for international trade in commodities, goods, and services convey immense advantages.” 

Aditi Kumar and Eric Rosenbach also recently penned an opinion piece for Foreign Affairs in which they noted that “Just recently, America’s arch-rival China became the first major economy to carry a real test of a national digital currency.”

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(READ MORE: Why the strong dollar is giving Nigeria headache)

In general, electronic currencies could weaken the power of U.S. sanctions and the ability of the U.S. Treasury to watch illicit financial flows. A digital Chinese currency (yuan) combined with China’s developed electronic payment systems may give China more future influence than it ever bargained for.  

What Nigerians should know about Digital currencies

A digital currency is a cash balance recorded electronically on a store value card or other physical devices, which could someday replace the physical notes of the naira, for instance.

Digital currencies can be decentralized, that is where the control over the cash supply can come from diverse sources. Digital  currencies can also be centralized, where there is a midway point of control over cash supply, just like the way central banks work.

Central banks digital currencies pose a threat against the U.S dollar.

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Although JP Morgan does not see the U.S dollar being overthrown as the world’s reserve currency anytime soon, experts warned that the U.S dollar dominance could weaken. This is because its processing trade settlement and the SWIFT system could make it more vulnerable.

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The American bank continued by saying:

“Offering a cross-border payment solution built on top of a digital dollar would, particularly if designed to be minimally disruptive to the structure of the domestic financial system, be a very modest investment to protect a key means to project power in the global economy,

“For high-income countries and the U.S. in particular, digital currency is an exercise in geopolitical risk management.” 

Federal Reserve Chairman Jerome Powell said months ago that the Federal Reserve was taking a critical view on the issues regarding a digital currency.

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Dollar gains against major currencies

U.S dollar stood firm against major currencies on Monday as fears over rising tensions between America and China over Beijing’s plans to begin

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The US dollar remains king, U.S dollar gains against major currencies, America threatens China with sanctions.

The U.S dollar was up on Monday morning during London’s trading session after protests in Hong Kong yesterday escalated U.S-China tensions.

US dollar stood firm against major currencies on Monday as fears over rising tensions between America and China heightened.

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The American Dollar Index that monitors the U.S dollar against a basket of other major currencies was slightly up 0.02% to 99.945 by 11.10 am Nigerian local time.

What it means: Nigerians hoping to meet a foreign exchange payment obligation, transactions via the dollar to countries like Europe, Japan, would have the need to pay fewer dollars to fulfill such transactions.

(READ MORE:Reports: China may defer loans owed by Nigeria and others)

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Meanwhile, the friendship between the Americans and Chinese has soured lately since the outbreak of the COVID-19 pandemic. US President Trump and President Jinping of China have traded words against each other issues surrounding COVID-19, including accusations of lack of transparency and cover-ups. 

 

American Dollar remains king as stimulus fails to stop global financial market panic,Demand for “Inflow dollars” drive exchange rate to as high as $N420/$1 compared to “Cash dollars”, U.S dollar drops against major currencies, tension rises between America and China, U.S dollar gains against major currencies, America threatens China with sanctions.

Consequently, the U.S. Commerce Department added 33 Chinese businesses to a blacklist on Friday, and some U.S. Senators proposed sanctions on those businesses.

“The biggest concern is the tension between the United States and China, things were already bad, and it is likely to get worse because of the Hong Kong security law. This supports risk-off trades, which is positive for the dollar and the yen,” Tekuya Kanda, the general manager of research at Gaitame.com Research Institute, told Reuters.

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Air Peace to evacuate stranded Indians from Lagos to Kerala

A list of the passengers to be attended to has already been given and the flight shall depart Lagos on May 30, 2020, to Cochin Airport, Kerala.

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Air Peace signs deal with Brazillian aerospace company , Air Peace suspends flight operations over COVID-19

The management of Air Peace Nigeria has been contacted by the Indian High Commission in Nigeria to undertake the evacuation of stranded Indian nationals to Kerala, India. This was disclosed by the airline via its Twitter handle.

The airline explained that a list of passengers that would be attended to have been released and it has started reaching out to the Indians on Saturday.

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It stated, “A list of the passengers to be attended to has already been given to us and we have commenced reaching out to them. The flight shall depart Lagos on May 30, 2020, to Cochin Airport, Kerala.”

The flight is not free anyway. According to the airline, payments are expected immediately and they are Economy is $1.300 and Business class is tag $1,700. “You are equally allowed to pay in Naira at N460/$,” it added.

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However, some Indians in Nigeria has reacted with mixed feelings to the development on Twitter. While some were ready to join the flight back home, others called for the refund of ticket fare booked a week ago.

READ ALSO: Hope rises as Emefiele set to meet MTN, 4 banks today.

For instance, Jayant Khamesra requested for the refund ticket fare of N568, 100, which he paid for a flight from Lagos to Delhi.

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He said, “Please refund ticket fare P47812 LAGOS to DELHI. No show by Air Peace and it is been 1 week now, there has been no refund or confirmation of the same. Reference ALHN79 amount N568,100. I am sure a good world-class carrier like Air Peace won’t delay refunds purposely. Please act fast.

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