Chelsea Football Club reported a Premier League record pre-tax loss of £262.4 million ($349.3 million) for the 2024/25 financial year, the club announced on Wednesday. The figure surpasses the previous league record of £197.5 million, set by Manchester City in the 2010/11 season. Chelsea had posted a £128.4 million profit in the prior year, boosted…
The United States on Wednesday removed sanctions against Delcy Rodríguez, marking a significant shift in relations between Washington and Caracas. She was taken off the U.S. “Specially Designated Nationals” sanctions list, according to the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). Rodríguez, who assumed power after U.S. forces ousted predecessor Nicolás Maduro during…
By Ayomide Otitoju The Nigeria Customs Service has reaffirmed its commitment to facilitating trade and supporting Micro, Small, and Medium-sized Enterprises (MSMEs) through simplified and transparent customs procedures. The statement followed a strategic engagement on Monday in Abuja with a delegation from the African Continental Free Trade Area Secretariat, aimed at advancing the implementation of…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) has raised crude oil allocations to the Dangote Petroleum Refinery and Petrochemicals, assigning seven cargoes for May loading in a bid to strengthen domestic fuel production. Previously, the refinery had been receiving five cargoes monthly, and will continue to receive the same number in April,…
By Ayomide Otitoju The Central Bank of Nigeria (CBN) on Monday directed Deposit Money Banks (DMBs) to complete a mandatory cybersecurity self-assessment within three weeks as part of efforts to strengthen resilience across the financial system. In a letter dated March 30, 2026, and published on its website Tuesday, the apex bank introduced the Cybersecurity…
By Ayomide Otitoju Heads of the International Energy Agency (IEA), International Monetary Fund (IMF), and World Bank Group have announced the formation of a joint coordination group to align responses to the energy and economic fallout from the ongoing Middle East conflict. In a statement released on Wednesday, the institutions highlighted the widespread disruptions caused…
By Ayomide Otitoju Iran on Thursday threatened “crushing” attacks on the United States and Israel, firing missiles at Tel Aviv following a warning from US President Donald Trump that he could bomb the Islamic Republic “back to the Stone Ages.” The conflict, which erupted over a month ago with US and Israeli strikes on Iranian…
By Ayomide Otitoju The Independent National Electoral Commission (INEC) has announced it will no longer accept correspondences from either faction of the African Democratic Congress (ADC) led by David Mark or Rafiu Bala, following a review of a recent Court of Appeal judgment. In a statement signed by its Chairman of Information and Voter Education,…
By Ayomide Otitoju The Minister of the Federal Capital Territory, Nyesom Wike, has criticised Bauchi State Governor, Bala Mohammed, describing him as inconsistent in his political positions. Wike alleged that prior to the recently concluded convention of the Peoples Democratic Party (PDP), Mohammed approached him with a request to produce the party’s National Secretary, which…
