Chelsea’s spending spree under chairman Todd Boehly shows no signs of slowing down, with the club’s investment surpassing £1 billion ($1.3 billion) since his takeover in West London. Despite the looming threat of sanctions for violating Financial Fair Play (FFP) regulations and Profit and Sustainability Rules (PSR), the club continues to make significant moves in…
Dangote Group Dominates CBN’s Retail Dutch Auction, Secures Over $105 Million in Foreign Exchange for Critical Imports The Dangote Group, a conglomerate led by Africa’s richest man, Aliko Dangote, has emerged as a leading recipient in the latest Retail Dutch Auction conducted by the Central Bank of Nigeria (CBN). The Group’s subsidiaries successfully secured a…
Manchester City exacted revenge on Manchester United by securing a 7-6 victory on penalties in the Community Shield on Saturday, following a dramatic 1-1 draw at Wembley Stadium. This victory allowed City to avenge their earlier FA Cup final defeat against their city rivals. The match, largely uneventful for much of its duration, sprang to…
David De Gea has officially ended a one-season hiatus from professional football by signing a contract with Serie A club Fiorentina. The Spanish goalkeeper, who had been a free agent since leaving Manchester United at the conclusion of the 2022/23 season, has committed to a one-year deal with the Florence-based outfit, with an option for…
President Bola Tinubu recently revealed in a nationwide address that Nigeria spends N2 trillion monthly on the importation of petrol and diesel. Despite Nigeria’s rich reserves of oil and gas, Tinubu noted that his administration inherited a nation overly reliant on oil while neglecting its gas resources. This situation was further exacerbated by the subsidization…
During Chelsea’s pre-season clash with Real Madrid, Fernandez assumed the captain’s armband from Reece James, hinting that the Argentine midfielder has been chosen as Maresca’s new deputy. Although an official announcement has yet to be made, the Blues’ boss believes the situation is “quite clear.” In recent weeks, Fernandez has been a controversial figure, having…
The package consists of a 20-year term loan specifically designed to support the post-merger stability of the new financial institution.
The Federal Government of Nigeria has initiated its Series I Domestic USD Bond, aiming to generate at least $500 million from both local and international investors. According to Nairametrics, the government aspires to exceed this initial target, seeking up to $1 billion in subscriptions through this bond auction. This effort is part of a broader…
Chelsea manager Enzo Maresca has called for changes to financial sustainability rules to discourage clubs from selling their academy graduates, as Conor Gallagher looks poised to join Atletico Madrid. Gallagher’s potential departure would see him follow in the footsteps of fellow Chelsea youth products Mason Mount, Lewis Hall, Ruben Loftus-Cheek, Ian Maatsen, and Callum Hudson-Odoi,…
According to GOAL, Atletico Madrid have reached a comprehensive agreement to sign Argentine forward Julian Alvarez from reigning Premier League champions Manchester City. The English club is set to receive a club-record transfer fee of £82 million, including add-ons (€95 million/$104 million), in exchange for Alvarez, pending the 24-year-old finalizing personal terms with Atletico. The…
