Author: Chronicle Editor

Sporting Lisbon have sacked coach Sinisa Mihajlovic – just nine days after he was appointed by the troubled Portuguese club. The Serb had said his first objective for the troubled club was to “do better than last year” but on Wednesday night the club said he had been dismissed. A group of 50 fans reportedly attacked players and staff in May, after the club missed out on a Champions League place on the final day of the season. Nine players have terminated their contracts in response to the incident. “Sporting have decided to end Mihajlovic’s probationary period and cancel his…

President Muhammadu Buhari is planning to reorganise his administration’s security strategy in a bid to end the senseless killings across the country. Honourable Yakubu Dogara, Speaker of the House of Representatives spoke on the plan after he and Senate President Bukola Saraki had a closed door meeting with Buhari on Wednesday at the Presidential Villa in Abuja over the recent killings in Plateau. Although he did not give details, but he said: “Buhari has told us what he is doing, the reorganisation that he plans to put in place to ensure that this doesn’t happen.” “The President has taken enough…

The People’s Democratic Party (PDP) has declared a mourning period of seven days for the victims of attacks in in Plateau State and other parts of the country. The national publicity secretary, Mr. Kola Ologbondiyan, said that during the mourning period, the party’s flags in its offices will be flown at half-mast in honour of those who lost their lives. Ologbondiyan said that beyond declaring a mourning period, the party wants residents of Plateau to demand justice, defend their rights and sue the Federal Government. “The PDP urges the people of Plateau State to exercise their rights as global citizens,…

By Nathaniel C. Adoji Therefore, I exhort the elders among you, as your fellow elder and witness of the sufferings of Christ, and a partaker also of the glory that is to be revealed, shepherd the flock of God among you, exercising oversight not under compulsion, but voluntarily, according to the will of God; and not for sordid gain, but with eagerness; nor yet as lording it over those allotted to your charge, but proving to be examples to the flock. And when the Chief Shepherd appears, you will receive the unfading crown of glory. 1 Peter 5: 1-4 The…

Nigeria’s crude oil is facing increasing competition from the light sweet grades from the US and this week have been no different. Differentials for Nigerian and Angolan crudes hovered unchanged on Wednesday, as a series of tenders kept buyers at bay. At least four tenders have been ongoing this week – from Taiwan and Thailand to India and South Africa – that have dampened activity in the market. Traders ringfence cargoes they want to offer in tender processes, meaning liquidity in the spot market drops and there are fewer barrels available for sale, which in turn, deters buyers. Traders said…

Italian giants AC Milan have been banned from European football for one year for breaching Financial Fair Play regulations. Milan had qualified for the group stages of this season’s Europa League after finishing sixth in Serie A. UEFA said the club, which spent £200m on transfers last summer after a takeover, breached rules around requirements for clubs to break even. The decision could be appealed to the Court of Arbitration for Sport. Before the verdict, Milan released a video on Twitter saying they expected “fairness, rulings based on facts and equal rules for all” from UEFA. The statement said the…

Three suspects in the connection with the weekend’s killings in 11 villages in Plateau have been arrested and paraded by the military alongside with their weapons. Two of the suspects are herdsmen and one from Berom, a minority ethnic groups in Plateau — currently at odds with Fulani herdsmen over grazing rights. They were arrested by the Special Military Task Force, “Operation Save Haven” which paraded them on Wednesday in Jos alongside 14 others, who were arrested over the killings. The three men were said to have been captured at Gashish District in the Barkin Ladi Local Government Area of…

y Defending champions Germany have crashed out of the World Cup in Russia after losing to two late goals against South Korea in a pulsating tie. This is only the second time that Germany have been eliminated from the first round at the World Cup having suffered a similar fate in 1938. Germany are the third successive World Cup reigning champions to be eliminated in the group stages after Spain in 2014 and Italy in 2010. For the first time in German history they crash out of the World Cup in the group stage after losing to Mexico and Korea.…

The National Crime Agency of the United Kingdom, The Crown Prosecution Service (UK) alongside other foreign-based defendants and the Economic and Financial Crimes Commission (EFCC) have been dealt a huge blow in the case against Aiteo boss, billionaire Benedict Peters. A High Court sitting in the Federal Capital Territory, Abuja, on Monday June 25, 2018, ordered the parties to maintain the status quo until the hearing of the main issues in the case. Benedict Peters demanded $5billion in compensation, for what he describes as a series of unlawful and fraudulent conspiracies allegedly organised by the EFCC, AGF, the National Crime…

Nigeria plans to raise $2.8 billion of debt offshore as part of its 2018 budget and will explore all options to lower costs, the head of the Debt Management Office (DMO) told Reuters. The government has laid out plans to borrow abroad even though interest rates are rising in the United States which could see the west African country pay a higher premium on this occasion compared with its most recent debt sale in February. Nigeria, which left recession last year, approved a three-year plan in 2016 to borrow more from abroad so that 40 percent of its loans would…