News
‘Shocked’ Osaka wins Australian Open to become world number one
Japan’s Naomi Osaka said she was “in a state of shock” Saturday after holding her nerve to battle past Petra Kvitova to win the Australian Open in a three-set thriller that also delivered her the world number one ranking.
Naomi Osaka The fourth seed and US Open champion triumphed 7-6 (7/2), 5-7, 6-4 in a 2hr 27min epic over the Czech eighth seed to claim back-to-back Grand Slams and become the first Asian, male or female, to hold the top spot. The Japanese youngster fell to one knee in celebration, head bowed, as Melbourne Park erupted in thunderous cheers.
“I felt like I was in a state of shock through the entire trophy presentation,” the 21-year-old said. A rattled Osaka almost blew her title hopes with one hand on the trophy when she failed to convert three championship points leading 5-3 in the second set. The never-say-die Kvitova forced a deciding set before Osaka finally edged ahead with a decisive break early in the third. “Of course I felt very disappointed and sad when I had three match points,” she said.
“I tried to tell myself there’s nothing I can do about it. Told myself I’m playing a final and need to keep fighting and couldn’t act immature and needed to keep fighting.” Her jubilation was a marked contrast to Osaka’s maiden Slam win last year, when she tearfully hid her face as boos rang around Flushing Meadows in the wake of losing finalist Serena Williams’ tirade at the umpire.
This time, Osaka cried with joy and smiled as she became the youngest woman to win back-to-back majors since Martina Hingis in 1998 and the youngest number one since Caroline Wozniacki in 2010. Her gutsy performance confirms her status as the leading light of tennis’ new generation. Kvitova can console herself with a career-best performance at Melbourne Park, where she did not drop a set on her way to the final. It was her first Grand Slam decider since a burglar slashed her racquet hand in a 2016 knife attack and the Czech has shown she is again a contender at the majors.
“Thank you for sticking with me even when we didn’t know if I would able to hold a racquet again,” Kvitova told her team, with her voice cracking. “It’s crazy. I can hardly believe that I just played in a Grand Slam final again.” – Slugfest – Predictions of a slugfest between two of the game’s biggest hitters proved accurate as the pair went toe-to-toe in the first set. They had never met before and Osaka initially struggled to unlock the lanky left-hander’s serve, while Kvitova at times could not handle her opponent’s powerful returns.
The Czech mixed up her game with drop shots and changes of pace but blew three break chances in a crunch sixth game in the first set. Kvitova saved two set points to force a tie-break but Osaka ran away with it 7-2, taking the first set the Czech had conceded in the entire tournament.
Kvitova regrouped and kept her hopes alive with the first break of the match, going up 2-0 in the second. Osaka was frustrated but did not panic, going back on level terms in the next game after benefiting from a Kvitova double fault and poorly hit drop shot.
The Japanese star broke again to take control as Kvitova’s error rate climbed, bringing up three championship points. But the Czech saved all of them, forcing Osaka to serve for the title. Nerves took hold as Osaka conceded a break to make it 5-5, smashing a ball into the ground and putting her hands over her ears.
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The Czech broke again to seize momentum with her fourth straight game, claiming the set as Osaka left the court with a towel draped over her head. Osaka regained her cool and clipped a clean backhand winner to take a break point in the third game of the decider, going on to see off a Kvitova break opportunity, her mental demons put to bed. Kvitova would not surrender, saving three break points before again forcing Osaka to serve it out, but the Japanese champion managed it on the second attempt for a famous victory.
The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.
The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.
Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.
He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.
“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.
Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.
While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.
Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.
He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”
Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.
He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”
Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.
The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.
This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.
In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.
“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.
As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.
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