Subscribe
AEC Quarterly
No Result
View All Result
  • Big Story
  • Opinion
  • Energy
  • Interviews
  • Africa
  • Investment
  • Big Story
  • Opinion
  • Energy
  • Interviews
  • Africa
  • Investment
No Result
View All Result
AEC Quarterly
No Result
View All Result

PUMA terminates N1 Billion Contract with Athletics Federation of Nigeria

2 years ago
Reading Time: 1 min read
PUMA terminates $2.7 million contract with AFN

PUMA terminates $2.7 million contract with AFN

German sportswear manufacturing company Puma has announced the termination of their four-year kits contract with the Athletics Federation of Nigeria.

“We are referring to the licensing and sponsoring agreement signed between our company and your federation.

“As a direct consequence of the recent developments, particularly at the Tokyo Olympic Games 2020 and pursuant to clauses 9.2 and 7.3 of the Agreement, we hereby terminate the Agreement with immediate effect.

Related articles

Cholera Outbreak hits 23 states in Nigeria

Guinean President Alpha Condé deposed in military coup

“PUMA especially declares to be discharged from any or all obligations towards all stakeholders involved and reserves all rights against these entities and individuals,” read the statement which was signed by PUMA’s Director Manuel Edlheimb.

This move followed the Nigerian Sports Ministry refusing to allow Team Nigeria athletes use Puma kits at the ongoing Olympic Games despite the Gusau group sending them to Tokyo. Highlighted benefits in the contract included supplying apparel to all age categories to Nigeria’s Athletics team for four years at no cost. In addition, gold medalists at the Olympic Games will earn $15,000; silver medalists will get $5,000, while a bronze medal winner would get $3,000.

Tags: NigeriaOlympics 2020PumaTeam NigeriaTokyo 2020
Share122Tweet77Share31
Previous Post

Dangote Refinery Set to become the Largest Single-Train Refinery in the World

Next Post

Ghana, UAE finalize Visa-Free Agreement

Related Posts

cholera outbreak in Nigeria
Africa

Cholera Outbreak hits 23 states in Nigeria

September 7, 2021
President Alpha Condé
Africa

Guinean President Alpha Condé deposed in military coup

September 6, 2021
First malaria vaccine rollout commences in Africa
Africa

Groundbreaking Malaria Vaccine is ready for use

September 3, 2021
Zamfara kidnapping crisis
Latest News

Zamfara shuts down schools completely after mass abduction of students

September 3, 2021
Vaccination in Uganda
Covid-19

State of COVID-19 in Uganda

August 30, 2021
South Sudan President and rival
Africa

South Sudan Leaders propose merge of Rival Armed Forces

August 30, 2021

Leave a Reply Cancel reply

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

Popular Post

  • 5 Young African Entrepreneurs to look out for in 2021

    5 Young African Entrepreneurs to look out for in 2021

    317 shares
    Share 127 Tweet 79
  • Meet Cira-O3, Egypt’s COVID-19 Robot Nurse

    313 shares
    Share 125 Tweet 78
  • Winning in the African Oil and Gas Industry

    312 shares
    Share 125 Tweet 78
  • Africa claims Top 3 spots for the Highest Concentration of Women Entrepreneurs in the World

    312 shares
    Share 125 Tweet 78
  • Assessing Africa’s Digital Response Strategy to COVID-19

    311 shares
    Share 124 Tweet 78

Recommended

161m Africans may have Fallen into COVID-19 Induced Poverty- ECA

161m Africans may have Fallen into COVID-19 Induced Poverty- ECA

March 23, 2021
Astrazeneca Vaccine

Rare blood clots might be linked to AstraZeneca Vaccine. says WHO

April 8, 2021

Sign Up For AEC Quarterly Newsletter

Get our most compelling stories delivered straight to your inbox.

AEC Quarterly

AEC Quarterly is a great read for investors looking for new opportunities with articles and reports exploring growth, creativity and entrepreneurial spirit.

  • Big Story
  • Africa
  • Opinion
  • Energy
  • Finance
  • Interviews
  • Home
  • About
  • Contact
  • Get Featured in AEC Quarterly Magazine

© 2020 AEC Quarterly. All Rights Reserved. Use of this site constitutes acceptance of our, Terms of Use and Privacy Policy.

No Result
View All Result
  • Big Story
  • Opinion
  • Energy
  • Interviews
  • Africa
  • Investment

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Go to mobile version