English Premier League revenues hit record high $6.4 billion

The English Premier League reported record revenue of nearly $6.4 billion during the 2016-2017 season, according to a report from Deloitte’s Sports Business Group. That’s a 25% increase from the previous year. Much of the gain comes from the league’s broadcast deals, which came into effect during the 2016-2017 season, according to Dan Jones, the head…

Emir Sanusi says bureaucracy undermining investment inflows to Nigeria

The Emir of Kano, Mohammed Sanusi Lamido has warned government authorities to reduce unnecessary bureaucracies and lackadaisical attitude to enable the country attract the much needed foreign investments.   Lamido gave the advice on Saturday in Washington DC at the US-Nigeria Investment summit, held at the Embassy of Nigeria. Most of the Nigerian authorities scheduled to attend the event……

‘Why youths must be positively engaged’

The Kwara State Government has been encouraged to do more to create adequate empowerment for the youth in the state to curtail youth restiveness. Mohammed Ajia Ibrahim, founder of Mohammed Ajia Ibrahim (MAI) Foundation, who made the plea, however, stressed the need to allow total local government autonomy. Ibrahim, while fielding questions from journalists at…

Loans decline by 17% as Zenith, GTB, Stanbic IBTC make N115 bn PAT in Q1

The investing public has started to have a glimpse of the performance of the listed companies on the Nigerian Stock Exchange in the first quarter of 2018 following the release of the first quarter unaudited interim financial statements by listed companies. Nine companies have so far released their interim unaudited financial statements for the period……

Development reporting and hysteria journalism

Being a keynote address by Professor Kingsley Moghalu, a former deputy governor, Central Bank of Nigeria (CBN), and president, Institute for Governance and Economic Transformation, at The Niche 4th Anniversary Lecture, held at the weekend at the Nigerian Institute of International Affairs (NIIA), Lagos. Gentlemen of the press and distinguished guests As someone who appreciates……

FIFA fines clubs over ‘third party’ deals

FIFA have handed out a series of fines to clubs for transfer deals involving “third party influence”, world soccer’s governing body said on Thursday. FIFA policy on third-party ownership bans either clubs or players from entering into economic rights agreements with third-party investors. Frequently such deals involve outside investors retaining or gaining a share of…