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Falcons Seize Trophy Over N238.05m Debts

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The victorious Super Falcons yesterday revealed that they have seized the trophy they won at the just concluded CAF African Women Cup of Nations in Cameroon until the authorities concerned offset the whopping N238.05 million accumulated debt arrears owed to them.

Some of the players claimed the debt the Nigeria Football Federation owed each of the 23 players, excluding the officials, in allowances and match bonuses since the team started camping for the tournament amounted to $25,000 (about N11.25 million).

Although the NFF has pledged to pay the players, they however insisted they will not only remain in their hotel camp in Abuja until NFF and the Federal Government met their demands, they will not also release the trophy until they received alert of the payment, stressing that they can no longer be deceived by the rhetoric by the federation to get back to them.

According one of them: “I don’t want to talk because even you the journalists know the situation on ground more than us.

“All I can tell you is that we are not leaving this hotel until we get alert.

“We are not also releasing the trophy until our demands are met.

“They can no longer continue to deceive us with the excuse of no money all the time.

“The authorities owe each of about $25,000 arrears of match bonuses and allowances.

“It is enough and we are waiting for the Federal Government to intervene in this matter.”

Meanwhile, the Nigeria Football Federation (NFF) says it will soon pay players and officials of the Super Falcons all their entitlements for winning the Africa Women’s Cup of Nations (AWCON).

A statement by NFF’s Director of Communications, Ademola Olajire, quoted the Federation’s General Secretary, Mohammed Sanusi, as saying the money for this was however not available at the moment.

“The Federation is not happy about owing players and coaches. But it can only continue to seek their understanding and those of hoteliers and travel agents, as well as its management and staff until the situation improves.

“There is no gainsaying in the fact that there is a severe economic challenge in the country now and all organisations, whether government or private, are feeling the pinch. But, it is not government’s doing.

“We know we have financial commitment to the players and officials of Super Falcons, and we have not at any time stated otherwise. But the money is not readily available at the moment.

“I appeal to them to understand the situation of the Federation, to understand the situation of the country at the present and exercise patience.

“We will pay them all monies they are being owed as soon as we receive same from government, just as we paid the national under-17 team’s players and officials who won the FIFA U-17 World Cup in Chile last year, after the tournament.

“Just as we paid coach Samson Siasia’s wages as soon as we had the funds after the Olympics.’’

Sanusi also recalled that the Super Eagles were owed monies for the match against Tanzania and were paid when funds for that match were made available by government.

“We still owe the Super Eagles for the matches against Zambia and Algeria, but the memos have gone to government and are being looked at.

“But we must commend the Minister of Sports, Solomon Dalung, who has been energetically pushing the cases of the various national teams.

“We have sent the memo for the Women Africa Cup of Nations in October and it is being processed as we speak.”

Sanusi stated that NFF had meanwhile embarked on an aggressive drive to find a permanent solution to the issue of owing players and coaches.

He also stated that corporate players were now listening to the NFF’s leadership and the Federation’s finances would soon improve.

“We are also working to get monies outstanding from former sponsors of the national teams, to complement what we are expecting from government.

“In relation to all these, we are in the process of sorting out our TSA domiciliary accounts so that we can receive our due grants from FIFA and CAF, including the $80,000 prize money from the AWCON, once it is available.’’

The NFF General Secretary also appealed to media representatives to understand the plight of the Federation, and temper their write-ups with some understanding.

“This morning, I was reading a report that the Federation is yet to pay the Super Falcons one kobo. That is not correct.

‘“While the team was in Cameroon, the NFF sourced for money from one of our sponsors and paid the players N500,000 each and also paid the technical crew and backroom staff.

“Our friends in the media should make the effort to clarify whatever information they have before going to press.’’

While applauding the Falcons for their tenacity and total dedication to duty in Cameroon in spite of low morale, Sanusi confirmed that a reception would soon be held for them.

“NFF is waiting for word from government to know when the African champions will be hosted to a state reception.

“The reception for the senior women national team is out of our hands. We are waiting on the Federal Government and as soon as we have confirmation of the date, we will inform the players and officials to regroup in Abuja,” he stated.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

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The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph,  Port Harcourt”, he said.

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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.

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