• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

What Aiteo Stands To Gain From Its N2.5 Billion NFF Deal

Onome Ohwovoriole by Onome Ohwovoriole
April 27, 2017
in Business News, Company News, Corporate deals
FG’s Stance On TSA Delays Super Eagles Allowances
Share on FacebookShare on TwitterShare on Linkedin

Nairametrics| The Nigerian Football Federation (NFF) has signed a deal with Aiteo resources whereby the company will foot the salaries of all Eagles coaches. The five-year deal, totals N2.5 billion naira and has an option of a one year extension. While the figure may seem large, the benefits accruing to the company outweigh it. This is the third mega deal signed by the Amaju Pinnick administration. The NFF in September 2015, had signed a deal with Zenith bank on youth development.

The mere mention of the deal in the media has introduced Aiteo to the consciousness of Nigerians, many whom have never heard of the company before. The deal also serves as a form of image laundering for the company which has been involved in several controversies. The most recent being under delivery of crude oil swaps to the Nigeria National Petroleum Corporation (NNPC). The NNPC closed the case against the company when it agreed to pay $202 million.

In return for the sponsorship, Aiteo has the right to use images of all national football teams in their commercials. The Nigerian national football teams include the Super Eagles, Eaglets, Super Falcons and Falconets. These teams will take part in several continental and international competitions. The most prominent being the World Cup and the Summer Olympics. In the next five years, one edition of the Olympics will take place. The World Cup will also take place in 2018 and 2022 respectively.

MoreStories

CGT: How Nigeria compares with other African countries 

Wale Edun assumes G-24 chairmanship, unveils Nigeria’s 5 priorities

November 6, 2025
Co-Founder and Managing Director of the Noella Foundation, Layal Jade Tinubu at the 2025 Life After School Summit organised by the Noella Foundation

Noella Foundation launches second edition of the Life After School Summit to equip Nigerian students  

November 6, 2025

Though the national teams qualifying is not certain, their participation in any of these events, will draw both global and national attention . Images of the team will be viewed by millions of people across the globe, Months after the events would have been concluded. This spotlight also draws attention to Aiteo. The firm would have spent millions of dollars, if it had undergone a public relations campaign on its own around the world.

The partnership with Aiteo will enable the coaches to focus on their jobs, and reduce unnecessary friction. Unpaid salaries have been a common feature with coaches of the national team. One of the ex coaches Amodu Shaibu, died while some of his arrears were unpaid. Beyond this, the NFF must increase its transparency by publishing audited accounts.

Tags: Business NewsNNPC Nigeria NewsZenith Bank News
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

CBN, forex
Bank Recapitalization

With 6 months to go, only 6 listed banks have met Central Bank recapitalization target…see list 

September 14, 2025
Federal High Court, REA
Legal & Regulations

Magistrate Courts lack jurisdiction to entertain applications to freeze Bank Accounts, says FCT Judge 

August 8, 2025
Zenith Bank Plc
Equities

ZENITH BANK trades N4.5 billion daily value as All-Share Index storms 145,000 zone, lifts YTD gains 

August 6, 2025
Report: Nigerian banks paying their staff less salaries compared to African peers, blames AMCON 
Financial Services

Report: Nigerian banks paying their staff less salaries compared to African peers, blames AMCON 

June 13, 2025
Retail Kings; Banks with the largest retail deposits in Nigeria in 2024 
Exclusives

Retail Kings; Banks with the largest retail deposits in Nigeria in 2024 

May 27, 2025
Best performing Nigerian banks in 2022 judging by their numbers 
Exclusives

Debtors incur N8.4 trillion in interests payments to Nigerian banks in 2024

April 25, 2025
Next Post
CORPORATE ACTION: Fidelity Bank Plc Appointments Independent Director

Fidelity Bank Declares N4.3 Billin Profit (2017 3Months)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

tajbank
arco
access bank
nairametrics
first bank






DUNS

Recent News

  • Lagos sets November 10 deadline for NUPENG to comply with e-call-up on Lekki-Epe corridor 
  • Senate orders NAFDAC to enforce sachet alcohol ban by December 2025 
  • Lagos launches 24-hour traffic control, demolishes illegal structures ahead of Christmas season

Follow us on social media:

Recent News

Lagos govt bans articulated trucks from Lekki-Epe corridor during peak hours starting August

Lagos sets November 10 deadline for NUPENG to comply with e-call-up on Lekki-Epe corridor 

November 6, 2025
President Tinubu appoints Ibrahim Gaga as new Executive Director of NEXIM Bank  

Senate orders NAFDAC to enforce sachet alcohol ban by December 2025 

November 6, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics