Fulham Sack Claudio Ranieri as Manager after 16 Games

Image

By Dipo Olowookere

Former Premier League winner, Claudio Ranieri, has been relieved of his managerial job at London-based football outfit, Fulham.

Ranieri, who won the league with Leicester City in 2016, was shown the way out after just 16 games in charge of Fulham, which was among the three clubs promoted to the senior division this season.

On Wednesday night, the Italian led the club to a 2-0 defeat by Southampton, which left the Cottagers 19th in the Premier League, 10 points from safety with 10 games left.

“Claudio walked into a difficult situation, inheriting a side that gained only one point in its prior eight matches, and he provided an immediate boost by leading our club to nine points in his first eight matches as manager.

“Though we were unable to maintain that pace thereafter, I am grateful for his effort. Claudio leaves Fulham as our friend and he will undoubtedly experience success again soon,” a statement from the club today and signed by its Chairman, Mr Shahid Khan, said.

In the meantime, first-team coach, Scott Parker, has been asked to take charge of the team until the end of the season.

Mr Khan explained in the statement that, “Scott’s immediate assignment is merely to help us stabilise, grow and rediscover ourselves as a football club.

“If Scott can answer that challenge, and our players respond to the opportunity, perhaps victories will follow in the months ahead.”

Ranieri, 67, was appointed manager of the club in November after the sacking of Slavisa Jokanovic.

Reacting to his exit from the club, the former Chelsea manager said, “I am obviously disappointed with the recent results and that we could not build on the good start we made following my appointment.

“Finally, I would like to thank the club, the players and the fans for the support they have given me during my time at the club.”

Share
Related Stories
Image
13-February-2024

Qatar, Iran, Others Break 15 Records at 2023 AFC Asia Cup

By Modupe Gbadeyanka The just-concluded 18th AFC Asia Cup hosted and won by Qatar saw the shattering of 15 records, data from InsideSport revealed. The competition attracted players from across the top leagues of the globe sweating it out for their different participating countries. During the tournament, Qatar’s Hassan Al-Haydos became only the second player to ever win the AFC Asian Cup as a captain on two separate occasions, while Akram Afif (Qatar) tied Ali Daei (Iran) as the player with the second most goals scored in one AFC Asian Cup tournament – 8. Additionally, Qatar joined South Korea, Iran,

Image
07-February-2024

AFCON: Super Eagles Rekindle Bafana Bafana Rivalry Live on GOtv

The Super Eagles of Nigeria will be confronted by the Bafana Bafana of South Africa in the semi-finals of the ongoing TotalEnergies Africa Cup of Nations (AFCON) in Côte D’Ivoire. The match is set to broadcast live on GOtv on Wednesday. Following a 1-0 victory over The Palancas Negras of Angola, the Super Eagles advanced to the semi-finals of the competition for a record sixteenth time as they look to advance to the final. The scoreline also means Nigeria has recorded an impressive fourth consecutive clean sheet in the ongoing tournament. However, manager Jose Peseiro has challenged his forwards to

Image
25-January-2024

Legal Aspects of Online Blackjack: Navigating Regulations and Security

Embarking on the thrilling journey of online blackjack involves not only mastering the game’s strategies but also understanding the crucial legal aspects that shape the entire experience. At ArabCasinoHEX, you can explore the intricate world of online gambling regulations and discover the security measures that make for a safe and enjoyable blackjack adventure. Throughout this guide, we’ll delve into the legal landscape and security protocols that contribute to a trustworthy online blackjack experience you can try at ArabCasinoHEX يمكنك المحاولة هنا arabcasinohex The Regulatory Framework Licensing and Compliance One of the first considerations for players is the licensing of the

Image
01-March-2024

Jose Peseiro Exits Position as Super Eagles Coach

By Dipo Olowookere Portuguese tactician, Mr Jose Peseiro, has left his job as the coach of Nigeria’s male football national team, the Super Eagles. He exited the team barely a month after he led the country to the final of the 2023 Africa Cup of Nations (AFCON) hosted by Cote d’Ivoire. The host nation defeated Mr Peseiro’s men by 2-1 from a goal down in the final to lift the trophy. The Super Eagles had beaten the Elephants in the group stage of the tournament by a lone goal before meeting again in the final. Before the competition ended, there

More Stories
Image
23-March-2020

Seplat Suffers 6.2% Revenue Shortfall in FY’19

By Dipo Olowookere One of the players in the Nigerian energy sector, Seplat Petroleum Development Company Plc, has announced its financial statements for the year ended December 31, 2019. The company, listed on both the Nigerian and London stock exchanges, recorded a 6.2 percent decline in the revenue generated in the period under review, N214.2 billion in 2019 FY compared with N228.4 billion achieved in 2018 FY. The revenue shortfall was majorly impacted by lower production and oil price as Brent oil price averaged $64.04/bbl over 2019 (2018: $71/bbl). The average premium to Brent achieved by the Group in 2019

Image
18-December-2021

Gain in Dangote Cement Shares Positively Impact NGX Index by 0.20%

By Dipo Olowookere The Nigerian Exchange (NGX) Limited appreciated by 0.20 per cent on Friday, driven gain in Dangote Cement shares and others during the session. The All-Share Index (ASI) increased yesterday by 83.08 points to 42,353.31 points from 42,270.23 points, while the market capitalisation rose by N50 billion to N22.107 trillion from N22.057 trillion. The industrial, insurance and consumer goods sectors appreciated on Friday by 0.62 per cent, 0.60 per cent and 0.28 per cent respectively, while the banking and energy counters depreciated by 0.49 per cent and 0.11 per cent apiece. The market breadth and investor sentiment were

Image
21-January-2020

Telcos Can Reassign Inactive Phone Numbers—NCC

By Adedapo Adesanya The Nigerian Communications Commission (NCC) has disclosed that telecommunications companies (telcos) have the right to reassign SIM cards once they’re inactive for 180 days. The industry’s regulator made this emphasis on the back of a recent unfortunate incident that happened to a Nigerian businessman, Mr Anthony Okolie, who was arrested by officials of the Department of State Services (DSS) for possessing a reassigned mobile number, which was earlier used by Miss Hanan Buhari, the last daughter of President Muhammadu Buhari. Mr Okolie claimed he spent 10 weeks in the custody of the nation’s secret police. After his release,

Image
24-August-2017

Lagos Contributes 97.07% to Nigeria’s Capital Inflow in Q2—NBS

By Modupe Gbadeyanka Out of the about $1.8 billion Nigeria realised from capital importation in the second quarter of 2017, Lagos contributed $1.74 billion to it, representing 97.07 percent. According to data released this week by the National Bureau of Statistics (NBS), the above figure represents a slight increase in Lagos’ share relative to the previous quarter, which stood at 95.32 percent. Lagos is the commercial and financial capital of Nigeria, and home to Nigeria’s Stock Exchange where shares are traded. Also, the NBS said Akwa lbom, as in the previous quarter, recorded the second highest level of capital importation,

Image
18-September-2019

Stanbic IBTC Assures Stakeholders Long Term Value

By Modupe Gbadeyanka Stanbic IBTC Holdings PLC has assured Nigerians that it remains strong, stable and sustainable in its operations. This assurance was given by the CEO of Stanbic IBTC Holdings PLC, Mr Yinka Sanni, who said, “We remain committed to operating to the highest level of corporate governance standards while delivering sustainable long-term value to clients and other stakeholders through world-class innovative operations and our customer-centric approach.” According to him, the group’s achievements are an indication that its strategy is delivering on set goals and objectives. He assured that the organisation will continue to invest in its people, processes,

Image
07-January-2021

Twitter, Facebook, Instagram Suspend Donald Trump

By Adedapo Adesanya  Following his role in the escalation of unrest and disruptions in legislative proceedings in the United States on Wednesday, President Donald Trump’s Twitter, Facebook, and Instagram accounts have been temporarily suspended. The President had been instrumental to the violence that broke out when his supporters stormed the US Capitol, where the country’s legislative arm holds proceedings. Twitter blocked Mr Trump’s account for 12 hours and also went on to remove three tweets made by the President while Facebook and Instagram have suspended the accounts for 24 hours. The President has often used his social media handles to

Image
27-March-2018

Tribunal Slams N5m Fine on Four Stockbrokers

By Dipo Olowookere Four stockbroking firms have been ordered to pay the sum of N5 million as fine for engaging in illegal transactions. The four stockbrokers are Gosord Securities Limited, UIDC Securities Limited, Kapital Care Trust Securities Limited and Union Registrars Limited. They were found guilty of unlawfully selling shares belonging to an investor worth millions of Naira. The matter was brought before the Enugu arm of the Investment and Securities Tribunal (IST) by the affected investor, Mr Okam Kalu Ugwu. He joined the Securities and Exchange Commission (SEC), the apex capital market regulator, and the four firms in the

Image
12-August-2018

INEC Submitted 2019 Election Budget to Presidency Since February–PDP

By Modupe Gbadeyanka Nigeria’s main opposition party, Peoples Democratic Party (PDP), has alleged that the Independent National Electoral Commission (INEC) submitted its budget for the 2019 general elections to the presidency since February 2018. The party made this allegation via a statement signed on Sunday by its National Publicity Secretary, Mr Kola Ologbondiyan. Business Post reports that after the 2018 budget of N9.1 trillion was passed by the National Assembly in June 2018 and ‘reluctantly’ signed into law by President Muhammadu Buhari, he sent a supplementary budget to the parliament for the next year’s polls for approval. However, the National

Ad
Ad
Recent Stories
Image
01-March-2024

Risevest Suspends Crypto Payment as Clampdown Intensifies

By Adedapo Adesanya Foreign stocks trading and investment firm, Risevest, has voluntarily announced a temporary suspension of cryptocurrency assets in Nigeria until the current wave of clampdown on operations settles. In a notice sent to customers on Friday and seen by Business Post, the platform said users won’t be able to fund their wallets using cryptocurrency as it allowed. The company revealed that it noticed that there has been an uptick in funding and possible gaming of the system, and warned against this. “We’re temporarily suspending crypto funding on Rise for users in Nigeria, pending clarity on the regulatory landscape.

Image
01-March-2024

Foreign Capital Into Nigeria’s Energy Industry Plunges 42.8% to $3.64bn in 2023

By Adedapo Adesanya Foreign capital inflows, which gauges the level of foreign investment into the country, through the Nigerian oil and gas industry in 2023 dropped by 42.8 per cent to $3.64 million from the $6.37 million recorded in 2022. This is contained in the latest data obtained from the Nigeria capital importation report for the fourth quarter of 2023 released recently by the National Bureau of Statistics (NBS). The NBS revealed that total foreign capital inflow into the oil and gas sector in 2023 accounted for 0.09 per cent of total foreign capital inflow into the Nigerian economy in

Image
01-March-2024

Reps Investigate Nigeria’s Public Private Partnerships, Concessions Since 1999

By Adedapo Adesanya The House of Representatives is investigating and executing performance assessments of Public Private Partnerships (PPP) and concession agreements in the country since 1999. At a hearing of the Joint Committees on Public Assets and Special Duties on Thursday in Abuja, the Speaker of the House, Mr Tajudeen Abbas, said the objective was to meticulously dissect the triumphs, challenges, and overall impact of PPPs and concession agreements on our public infrastructure and services. “While PPPs have indeed played a crucial role in propelling development, it is imperative that their effectiveness undergoes a comprehensive analysis. “Therefore, this hearing presents

Image
01-March-2024

Jose Peseiro Exits Position as Super Eagles Coach

By Dipo Olowookere Portuguese tactician, Mr Jose Peseiro, has left his job as the coach of Nigeria’s male football national team, the Super Eagles. He exited the team barely a month after he led the country to the final of the 2023 Africa Cup of Nations (AFCON) hosted by Cote d’Ivoire. The host nation defeated Mr Peseiro’s men by 2-1 from a goal down in the final to lift the trophy. The Super Eagles had beaten the Elephants in the group stage of the tournament by a lone goal before meeting again in the final. Before the competition ended, there

Image
01-March-2024

Nigeria Wants Share in $350bn Global Outsourcing Market

By Aduragbemi Omiyale The global outsourcing market is estimated to be worth about $350 billion and Nigeria is looking to take a slice of it to address the rising unemployment rate in the country. Before 2023, the National Bureau of Statistics (NBS) put the unemployment rate at about 33 per cent, but in its revised edition, the agency said the rate grew to 5.0 per cent in the third quarter of last year. The outsourcing market is becoming the new oil market and Nigeria, which prides itself as the largest economy in Africa because of its population size of over

Image
01-March-2024

Lokpobiri Charges New NCDMB Council on Growth of Nigeria’s Energy Sector

By Adedapo Adesanya  The Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, has charged the newly inaugurated fourth Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) to continue advancing the country’s oil and gas industry. The NCDMB Governing Council is set up under the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and draws membership from representatives of select institutions connected with the energy sector. The fourth NCDMB Governing Council would be chaired by Mr Lokpobiri, while the Executive Secretary of NCDMB, Mr Felix Omatsola Ogbe, would serve as the Secretary. Others are the

Image
01-March-2024

How to Protect Your Crypto From Scams, Hacks

In 2023, it is estimated around $2 billion was lost by investors to scams, rug pulls and hacks. Although the technology is becoming more secure and stable and many users are more aware of the tricks used to steal assets, there are still ways for thieves to extract your crypto if you aren’t careful.   Experts at Smart Betting Guide have provided a guide on the best ways to keep your crypto safe in 2024.  1. Do not store your password and seed phrase on the Cloud   For many people, the best and most convenient way to access crypto is through

Image
01-March-2024

FX Crisis: Nigeria May Slam $10bn Fine on Binance

By Adedapo Adesanya The Nigerian government may be considering a $10 billion fine on Binance, a crypto exchange platform, amid a crackdown on crypto platforms in desperate moves to restore the nation’s battered foreign exchange (FX) market. This information was disclosed by Mr Bayo Onanuga, who is the Special Adviser on Information and Strategy to President Bola Tinubu, in an interview with the British Broadcasting Corporation (BBC) on Friday morning. According to the President’s aide, this was necessary as the Nigerian government believes Binance profited substantially from its “illegal transactions” in the country while the nation suffered huge losses. Mr

Image
01-March-2024

Business Confidence in Nigeria Falls in February Amid Rise in Input Costs

By Modupe Gbadeyanka Business conditions in Nigeria slowed to 51.0 in February 2024 from 54.5 in January 2024, as price pressures intensified in the private sector at an unprecedented pace in over a decade of data collection, the Stanbic IBTC Bank Purchasing Managers’ Index (PMI) has revealed. A statement from the lender disclosed that the improvement in business conditions was the weakest since the recovery in the private sector began last December. It stated that input costs surged higher in the period under consideration as a result of higher fuel prices and exchange rate weakness, which drove up material costs.

Image
01-March-2024

Harvard Business School Introduces Tony Elumelu Foundation Case Study

By Modupe Gbadeyanka A case study to spotlight the role of celebrated African businessman, Mr Tony Elumelu, in transforming the development agenda on the continent through his Tony Elumelu Foundation (TEF) has been introduced by the Harvard Business School. The case study, launched on Thursday, February 29, 2024, will critically look into how the former banker is catalysing entrepreneurship in Africa through his Africapitalism approach. At its unveiling before a class of graduate students at Harvard Business School, Mr Elumelu said, “TEF is creating economic hope and opportunity for African entrepreneurs. We know that entrepreneurship is the solution to youth