Daily Record

Pinnick denies misappropriation $1.2m stadium fund

  A former President of the Nigerian Football Federation (NFF), Amaju Pinnick, has rejected allegations of financial mismanagement surrounding the FIFA Goal Project in Kebbi State, calling the controversy a misunderstanding. The clarification comes amid public concern over a photo shared by FIFA on social media showing the Kebbi Stadium …

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President Tinubu Signs Instrument of Clemency And Pardons, Moves Secretariat of Prerogative of Mercy Commitee To Justice Ministry

President Bola Ahmed Tinubu, GCFR, has executed the relevant instruments of release to complete the process of formally exercising his constitutional power of prerogative of mercy to grant pardon and clemency to specific individuals who were earlier convicted for various offences. Following consultations with the Council of State and public …

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Ernest Azudialu-Obiejesi in trouble as banks seize Nestoil over $1bn debt

Ernest Azudialu-Obiejesi and Nestoil Towers Ernest Azudialu-Obiejesi, Nigerian oil magnate is currently facing hard times as a consortium of Nigerian banks has seized his Nestoil Towers, over an alleged estimated $1 billion debt. The move followed a Federal High Court order issued on October 22, 2025, granting a Mareva injunction—an asset-freeze order—empowering First Trustees Limited and …

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Euro Climbs to $1.1653 Amidst US Dollar Selling

EUR/USD rose for the fifth day, nearing its 1.1660-1.1670 in 100 days as markets experienced heavy dollar selling. Investors dumped the greenback in anticipation of a US Fed rate cut. The euro strengthened for the fourth consecutive session yesterday, the longest advance in a couple of months. The pair gains …

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