Author: Chronicle Editor

In spite of the warning by the International Monetary Fund, IMF, that debt levels in African economies were rising, Minister of Finance, Mrs Kemi Adeosun on Friday said Nigeria’s debt level was still sustainable and under control. Speaking to newsmen on the sideline of the G20 Finance Ministers and Central Bank Governors meetings at the ongoing 2018 IMF and World Bank meetings in Washington DC, Adeosun said Nigeria had nothing to worry about. “It is correct that debt levels in low income countries is a threat but Nigeria is better described as a middle income country. “The concern that has…

It turned out one of the closest contests in the history of the three seasons old VAT Wonder Goal Award and it was Sunshine Stars Sikiru Alimi who was the last man standing, shaking off tough challenge from Chijioke Alakwe of FC Ifeanyi Ubah to emerge winner of the Match Day 16 edition. The duo took to the polls their rivalry on the pitch on the match day where both netted for their clubs. Alimi, who has scored in successive games for his relegation dogged club led the polls both on the Nigeria Professional Football League (NPFL) website and Twitter…

…Screens 1,500 Women For Cervical, Breast Cancer, Others The Lagos State Government on Friday said that at least 18, 184 women and youths were trained in various vocations across the 17 free skills acquisition training centres across the State in the last three years. Commissioner for Women Affairs and Poverty Alleviation (WAPA), Dr. Lola Akande, disclosed this at the ongoing Ministerial Press Briefing of the Ministry to mark the three years in office of Governor Akinwunmi Ambode of Lagos State at the Bagauda Kaltho Press Centre in Alausa Secretariat. Giving a breakdown of the figures, the Commissioner said that 5,724…

Long-serving Arsenal manager Arsene Wenger will leave the club at the end of the season and the race to replace has become the talking point. Wenger, 68, won three Premier League titles and seven FA Cups, including the Double in 1998 and 2002. “I am grateful for having had the privilege to serve the club for so many memorable years,” said Wenger. “I managed the club with full commitment and integrity. Who succeeds Wenger? Former Borussia Dortmund manager Thomas Tuchel has already been linked with the job, while Wenger himself said former Arsenal midfielder Patrick Vieira “has the potential” to…

Arsene Wenger’s glorious reign at Arsenal will come to an end this season, ending nearly 22 years as manager. The Frenchman departs a year before his latest contract was due to expire. The Gunners are sixth in the league and set to miss out on a top-four spot for the second straight season, with their hopes of reaching the Champions League resting on winning the Europa League. Wenger, 68, won three Premier League titles and seven FA Cups, including the Double in 1998 and 2002. “I am grateful for having had the privilege to serve the club for so many…

The authorities of the Obafemi Awolowo University, OAU has said Monica Osagie was the student involved in a sex-for-marks scandal, that has sorely questioned the morality of university dons, in the training of young Nigerians. Prof. Eyitope Ogunbodede, the Vice Chancellor of OAU, said Monica Osetobe Osagie was studying for a Masters in Business Administration. He also announced the suspension of Prof. Richard Akindele, the don involved in the salacious scandal. Ogunbodede’s action followed the submission of the interim report of the committee set up to investigate the allegation of sexual harassment revealed in audio recording. A recorded audio conversation…

South African President Cyril Ramaphosa has cut short his attendance at the Commonwealth summit in London to deal with violent protests at home. Clashes have taken place in North West province where protesters are demanding jobs, housing and an end to corruption. Shops have been looted, roads barricaded and vehicles set alight. President Ramaphosa, who took office in February, has sought to encourage investment in South Africa during his visit to the UK. Protests in South Africa’s North West province erupted on Wednesday as demonstrators demanded the resignation of provincial Premier Supra Mahumapelo – a member of Mr Ramaphosa’s governing…

King Mswati III of Swaziland has announced on Wednesday that he was renaming the country to “the Kingdom of eSwatini” because it is sometimes confused with Switzerland. The monarch announced the official change in a stadium during celebrations for the 50th anniversary of Swazi independence. The celebrations also marked the king’s 50th birthday. The new name, eSwatini, means “land of the Swazis”. The change was unexpected, but King Mswati has been referring to Swaziland for years as eSwatini. READ: Suspension of NEMA directors, staff by Osinbajo board in order, Oyo-Ita It was the name the king used when he addressed…

Premier League clubs reported record revenues of £4.5bn in the 2016-17 season, and also returned to profit. Clubs collectively reported £500m in pre-tax profit, also a record, having posted a small collective pre-tax loss in 2015-16, according to Deloitte. Wage costs rose by 9% to £2.5bn, a significantly lower growth rate than the 25% hike in revenues. The Premier League’s three-year TV deal which came into effect in 2016-17 was the main factor in revenue growth. A record £5.13bn was paid to the league by Sky and BT for the 2016-19 UK broadcast rights. But the latest domestic rights auction,…

…Magu, EFCC recommended suspension of directors The Head of the Civil Service of the Federation, Mrs. Winifred Oyo-Ita has said the suspension of six directors by the Board of the National Emergency Management Agency (NEMA), headed by Vice President Yemi Osinbajo, was in order. Also, the acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu said the agency recommended the suspension of the affected officers in order to allow detectives unfettered access to vital documents. The two officers made the clarifications while appearing before the House of Representatives Committee on Emergency and Disaster preparedness investigating the…