Real Madrid has retained its position as the world’s most valuable football club, with a valuation of $7.7 billion, according to new rankings by Sportico. The Spanish giant leads a top five dominated by Europe’s elite clubs, with FC Barcelona valued at $6.65 billion, followed by Manchester United at $6.47 billion. Bayern Munich ($5.78 billion) and Liverpool FC ($5.74 billion) complete the top tier. Collectively, the 50 most valuable football clubs are now worth $95.5 billion, an 11 per cent increase year-on-year and the fastest growth since the rankings began. Despite surging valuations, the financial health of many clubs tells…
Author: Elvis Eromosele
The Federal Competition and Consumer Protection Commission (FCCPC) has approved five companies to provide airtime and data lending services in Nigeria, following the suspension of such services by major telecom operators. Operators including MTN Nigeria, Airtel Nigeria, Globacom, and 9mobile (now T2) have all stepped back from airtime credit services, citing the need to comply with new consumer lending regulations. In their place, the FCCPC has cleared five firms, Total Tim Nigeria Limited, Rane Interractive Medien CLS Limited, Mode NG Applications Limited, Cloud Interractive Associate Limited, and Coverage Broadband Limited, to operate as licensed airtime and data lenders under the…
Alhaji Lamis Shehu Dikko, chairman of New Nigeria Development Company (NNDC), has reaffirmed the company’s determination to reinvent itself and reposition its operations and its investment portfolio as a holding company. This was contained in his opening remarks at the commencement of a two-day Board/Management retreat which commenced on Wednesday at the Wells Carlton Hotels & Apartments in Abuja. “We will drive a focused and value-driven portfolio strategy anchored by a disciplined capital allocation framework, clarity of direction, discipline in execution and consistency in leadership”, he stressed. He further explained that the retreat was designed to harness the expertise of…
Nestlé Nigeria Plc has signed a Memorandum of Understanding with the Federal Ministry of Livestock Development to establish a Dairy Technical Skills Development Centre in Paikon Kore, Gwagwalada, as part of efforts to strengthen technical capacity, improve milk quality, and enhance productivity within Nigeria’s dairy sector. The Centre, to be located at the Nestlé Dairy Demonstration Farm, builds on the company’s ongoing Livestock Development Project (NLDP). It reflects a deliberate progression of interventions, from the launch of the Demonstration Farm in 2025 to the signing of a Letter of Intent on World Milk Day 2025. Together, these milestones signal the…
A water supply disruption in Nigeria’s capital has hit Transcorp Hilton Abuja, forcing guests to rely on buckets for basic needs such as bathing. The situation came to public attention after images circulated on social media, showing branded buckets distributed to guests alongside an internal notice from the hotel’s management. According to a memo dated April 14, the disruption was caused by “emergency maintenance works” by the FCT Water Board in the Maitama district. The repairs were initially expected to be completed by April 16, with normal water supply resuming shortly after. While awaiting restoration, the hotel implemented temporary measures…
The Federal Competition and Consumer Protection Commission (FCCPC) and the Lagos State Consumer Protection Agency (LASCOPA) have signed a Memorandum of Understanding (MoU) to strengthen consumer protection enforcement and improve market oversight in Lagos. The agreement, signed by Tunji Bello, CEO, FCCPC and Afolabi Solebo, General Manager, LASCOPA, establishes a formal framework for collaboration on issues including complaint resolution, product safety, and regulatory enforcement. Under the MoU, both agencies will work together to share information, resolve consumer complaints, replace hazardous products, and carry out joint consumer education and capacity-building initiatives. They will also coordinate enforcement efforts to ensure compliance with…
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a strong warning to companies, legal advisers, and transaction parties over growing non-compliance with merger and acquisition (M&A) regulations in Nigeria. In a statement by its Director of Corporate Affairs, Ondaje Ijagwu, the Commission stressed that adherence to the Federal Competition and Consumer Protection Act 2018 is mandatory for all qualifying transactions. The FCCPC reiterated its statutory authority to review and approve, conditionally approve, or block mergers and business combinations to protect competition and public interest. It warned that any deal meeting the prescribed thresholds must be formally notified and…
The Central Bank of Nigeria (CBN) has issued a fresh warning to the public over the rise of fraudulent messages and malicious links designed to gain unauthorised access to personal bank accounts. In a statement released on April 22, the apex bank said cybercriminals are circulating deceptive emails and online messages falsely claiming to originate from the CBN, with the aim of stealing sensitive financial information. According to the bank, these messages often prompt recipients to click suspicious links while spreading false information about its leadership, licensing, and policy issues. The CBN stressed that its official website and verified communication…
President Bola Ahmed Tinubu has appointed Taiwo Oyedele as the new Minister of Finance and Coordinating Minister of the Economy, following the exit of Wale Edun from the Federal Executive Council. The development was confirmed in an official statement issued by the Office of the Secretary to the Government of the Federation, describing the move as part of a cabinet reshuffle aimed at strengthening policy coordination and accelerating economic delivery under the administration’s agenda. Oyedele, who previously served as Minister of State for Finance, has been directed to take over immediately, with all handover processes expected to be concluded by…
By Aliyu Umar Aliyu As the world races toward cleaner growth and climate accountability, a new global economy is emerging quietly but rapidly: the carbon market. This is no longer a theoretical conversation reserved for diplomats and policy experts. It is now a real marketplace where countries attract billions in climate finance, technology transfer, jobs, and green investment through structured carbon trading systems. Nigeria, Africa’s largest economy and one of the continent’s most strategic nations, should be leading this transition. Instead, we are at risk of being left behind. This is why President Bola Ahmed Tinubu should urgently establish a…