French PM Lecornu’s sudden exit plunges Europe into market turmoil

European stocks fell on Monday, with a sudden rise in political uncertainty following the resignation of France’s Prime Minister, Sebastien Lecornu.

The unexpected departure, coming just weeks after his appointment, triggered a broad market sell-off across the region.

The pan-European Stoxx 600 index slipped 0.4 per cent in London morning trade, snapping a five-day winning streak. However, the domestic French market bore the brunt of the investor panic, with the CAC 40 index tumbling 2 per cent shortly after the news broke, reflecting deep concern over the country’s deepening instability.

The event marks another setback for President Emmanuel Macron’s weakened government, which recently saw the collapse of former Prime Minister François Bayrou’s administration amid budget disputes. Analysts suggest this development significantly raises the likelihood of early elections and points to sustained market volatility ahead.

Financial stocks led the decline. French banking stocks were hit hardest, with Société Générale, BNP Paribas, and Crédit Agricole all dropping by more than 5 per cent. The bond market also signalled investor unease as the yield on France’s 10-year bond climbed to a 10-day high of 3.599 per cent.

In currency markets, the euro fell sharply, dropping 0.7 per cent to $1.1658, as traders weighed the implications of a fresh leadership crisis in the Eurozone’s second-largest economy.

Medplus, Mobihealth partner to deepen telehealth adoption across Nigeria

Medplus and Mobihealth International are partnering to deepen the nationwide adoption of telemedicine across Nigeria.

This follows the recent nationwide launch of telehealth hubs aimed at offering convenient and accessible doctor consultations.

The partners disclosed that the Medplus-Telehealth collaboration aims to enhance patient care by closing the gap between pharmacy visits and doctors’ follow-ups.

‘Through this strategic alliance, customers across over 150 Medplus stores in 19 states can now walk in and consult licensed doctors virtually, access genuine medications, and receive quick access to primary health care,’ Joke Bakare, founder/CEO, Medplus, said in a statement.

She noted that the innovative partnership is capable of transforming access to primary care one pharmacy at a time, and disclosed that the is at the forefront of transforming pharmacy care in Nigeria.

‘Our partnership with Mobihealth ensures that every Medplus store is not just a place to buy medicine, but a gateway to timely, affordable, and trusted healthcare services,’ Bakare said.

Funmi Adewara, founder/CEO, Mobihealth, stated that the partnership is a major milestone in their mission to make healthcare accessible to all Nigerians.

‘By embedding telehealth hubs in Medplus stores, we are offering people the power to consult a doctor – anytime, anywhere – at an affordable rate, while ensuring genuine medication is always within reach,’ Adewara said.

According to her, the partnership is designed to offer in-store telehealth hubs with private booths and diagnostic support for virtual doctor consultations, walk-in and virtual access to medical care, and e-prescriptions filled on-site or delivered to customers’ doorsteps.

‘This initiative is particularly impactful for busy urban dwellers and underserved populations who often face long wait times, high costs, or limited access to quality medical professionals.’

China, UK to launch research centre in Awka

The Chartered Institute of Educational Practitioners, United Kingdom (CIEPUK), says it will launch a Global Southern Studies/Research Centre (GSSRC) at Paul University, Awka, in partnership with Soochow University, China.

The unveiling of the centre is scheduled for Oct. 17 at the Nwawka Auditorium, Paul University.

According to CIEPUK, the centre aims to enhance academic collaboration, innovation, and sustainable development across the Global South.

It will also serve as a hub for research, knowledge exchange, and international partnerships.

CIEPUK’s African regional office is located at Paul University, where the centre will be based.

Key research areas include technology, climate change, agriculture, health sciences, social development, and cultural exchange.

Officials from the three partner institutions described the initiative as a milestone in academic diplomacy and a model for South-South cooperation and sustainable progress.

The Consular Representative of China in Nigeria is expected to attend the launch.

Marcel Ezenwoye, CIEPUK Global President, who also serves as Director of the Pre-degree Programme at Paul University, signed the formal announcement.

Ezenwoye said the centre would support cross-border collaboration and foster innovative solutions to development challenges.

He added that it would also promote cultural understanding through academic exchange.

Organisers said the centre would facilitate joint publications, patents, policy research, and scholarships, in addition to offering training and exchange opportunities for Nigerian students and researchers.

Stakeholders said the initiative would strengthen Nigeria’s role in global research partnerships and align with both national and regional development goals.

The event is expected to attract dignitaries, academics, students, and international guests.

Oduwole: Recognition underscores contributions to advancing Nigeria’s risk management practices

Recently at the prestigious International Risk Management Awards ceremony held in South Africa, Eneni Oduwole, the 1st vice president and vice-chair of the Governing Council of the Chartered Risk Management Institute of Nigeria (CRMI) emerged winner of the Africa risk management award.

Oduwole’s recognition is seen as a testament to her dedication to capacity development, ethical leadership and the elevation of professional standards within Nigeria and Africa’s risk management ecosystem.

A seasoned risk management and ESG professional and the Founder/Chief Executive Officer of Alter-Ed Limited, Oduwole’s recognition underscores her outstanding contributions to advancing risk management practices, corporate governance and institutional resilience across the continent.

The recognition affirms her professional excellence and leadership.

She states, ‘Being nominated for the Africa Risk Management Awards is both an honour and a humbling recognition of my commitment to advancing risk management, governance, and sustainability in Africa. It reflects the collective efforts of professionals striving to embed resilience and ethical leadership across organisations and industries.

‘To me, this nomination is not just personal-it symbolises the progress of the risk management profession on the continent and the vital role it plays in shaping Africa’s sustainable growth and global competitiveness. It inspires me to continue mentoring, innovating, and contributing to solutions that strengthen institutions and communities,’ she said.

Kevin Ugwuoke, president and chairman of the Council of CRMI in a statement, described Oduwole’s achievement as a reflection of the Institute’s growing international profile and Nigeria’s leadership role in shaping the future of risk management in Africa.

He states, ‘that this award reflects the key value proposition of CRMI, encouraging and equipping risk professionals for excellence, leadership, and dedication in advancing the risk management profession not just within their immediate spheres of influence but most importantly across Africa, and globally.’

The Africa Risk Management Award honours individuals and institutions who have demonstrated innovation, integrity and significant impact in promoting effective risk management frameworks in Africa.

Before founding Alter-Ed Limited, a platform dedicated to professional development and organisational transformation, Oduwole held several senior leadership roles in Nigeria’s bank regulatory, financial services, and manufacturing sectors.

She has been widely recognised for her mentorship, thought leadership, and advocacy for a resilient and ethically driven risk culture across industries.

Her international recognition further cements Nigeria’s position as a hub of professional excellence and highlights CRMI’s pivotal role in promoting best practices, strategic governance, and innovation in risk management across Africa.

Reclaiming Nigeria’s Blue Economy: Anchoring sovereignty, jobs, and growth by 2035

Nigeria loses billions yearly to foreign control of its shipping industry. With the new Blue Economy framework, the nation has a once-in-a-generation chance to reclaim its maritime sovereignty, create jobs, and unlock $20 billion in annual value by 2035.

For 15 years, Nigeria has quietly haemorrhaged an estimated $120 billion in potential earnings-not through corruption alone, but through the invisible hand of foreign vessels hauling our crude, containers, and cargo while our own fleet languishes. Every shipment of fertiliser or barrel of crude exported carries with it jobs, expertise, and national sovereignty that should belong to Nigerians. This is not just an economic imbalance; it is a question of sovereignty at sea.

The recently launched Nigeria Maritime Sovereignty and Blue Economy Acceleration Plan (NMS-BEAP 2035) offers the most coherent pathway yet to reverse this drain. It aims to reclaim $5-6 billion in annual freight earnings, raise maritime GDP from 2 to 5 percent, and generate over 250,000 jobs through indigenous fleet participation and shipbuilding. By 2035, the plan envisions that at least 80 percent of Nigeria’s shipping tonnage will be carried by Nigerian-owned vessels, anchoring prosperity within our shores.

The urgency is clear from the data. In 2024, Nigeria’s ports handled 103 million tonnes of cargo and recorded 4,005 vessel calls, yet less than 20 percent of this trade was moved by local operators. The country currently has only 7,000 certified Nigerian seafarers, far short of the 25,000 required by 2035 to sustain the sector. The result is a $7-9 billion annual forex leak, an economic wound that deepens Nigeria’s balance-of-payment pressures and weakens the naira.

But this narrative is reversible. Other nations have shown what political will and structured investment can achieve. In the 1970s, South Korea built a $40 billion shipbuilding industry almost from scratch, anchored on state-backed finance and technology transfer. The Philippines, now one of the world’s largest suppliers of seafarers, trains nearly 375,000 maritime professionals whose remittances generate over $6 billion annually. Nigeria, strategically located on the Atlantic corridor and already commanding West Africa’s largest cargo throughput, can replicate such success: if it aligns policy, finance, and enforcement.

Three pillars are essential for this transformation: finance, enforcement, and human capital.

First, activate and disburse the long-dormant Cabotage Vessel Financing Fund (CVFF). Nigerian shipowners currently borrow at interest rates of 25 percent for three years, while foreign competitors enjoy 4.5 percent loans over 25 years. Unlocking the CVFF with single-digit interest rates and 15-20-year tenors would be catalytic. Paired with a National Shipbuilding Fund and duty-free vessel imports, it could reduce capital costs by as much as 70 percent and stimulate shipyard investment in Lagos, Onne, and Calabar. The NMS-BEAP projects $12-16 billion in CAPEX by 2035, with a healthy 16-19 percent ROI, strong fundamentals for both investors and the Treasury.

Second, enforce cabotage with integrity. Nigeria’s Coastal and Inland Shipping Act (Cabotage Act) was meant to protect indigenous operators, yet it has been gutted by indiscriminate waivers that favour foreign fleets. The proposed Cabotage Joint Taskforce (CJT), uniting NIMASA, the Navy, Customs, and indigenous operators, must operate with transparency and authority. Real-time vessel tracking, publicly accessible waiver logs, and whistleblower incentives can deter sabotage. Without credible enforcement, policy remains paper.

Third, invest strategically in people. Nigeria’s maritime academies are underfunded and outdated. Establishing a National Seafarer and Technical Certification Centre aligned with IMO and STCW standards would close the skills gap and future-proof the workforce for digital, green, and LNG-based shipping. This is not an aspirational goal but an economic imperative. A skilled maritime workforce not only earns forex but also enhances safety, efficiency, and Nigeria’s reputation as a maritime nation.

Reform must also tackle the currency dimension. Freight billing in dollars has created a hidden inflationary pressure, shipping costs alone add an estimated 35 percent to domestic prices. Transitioning to naira-denominated freight settlements, backed by the Central Bank and key exporters, will localise value and stabilise the naira. Such a move is neither isolationist nor illegal: under the WTO’s GATS Article XIV bis, countries may adopt maritime sovereignty measures for national security. The U.S. Jones Act, India’s tonnage tax, and the UK’s post-Brexit cabotage reforms all affirm this principle.

Critics may argue that indigenous control risks inefficiency or rent-seeking. But the alternative, continued dependency, is far costlier. Maritime sovereignty does not mean shutting out competition; it means ensuring Nigerians benefit first from the resources of their own waters. When South Korea protected and nurtured its shipyards, it didn’t stifle trade, it built global champions.

The stakes are not abstract. If Nigeria executes the NMS-BEAP roadmap with discipline, activating CVFF by 2025, enforcing waiver sunsets by 2027, scaling shipyards by 2031, and achieving full sovereignty by 2035, the payoff will be historic. The blue economy could contribute ?30 trillion annually, reduce unemployment, and reposition Nigeria as a maritime hub between the Gulf of Guinea and the global Atlantic trade system.

As the late Capt. Bashir, a pioneer Nigerian mariner, once demonstrated, rising from the defunct National Shipping Line to command a 350,000 MT Saudi Aramco tanker, our talent has never been the issue. What Nigeria lacked was a system. With political resolve and public pressure, symbolised by the ongoing 111,111-signature e-petition, the nation can finally build that system.

Our maritime story need not remain one of loss and dependency. If we act decisively, Nigeria’s blue waters can become a reservoir of prosperity, pride, and sovereignty, anchoring not only ships but also the nation’s economic future.

Abuja a key piece of Nigeria’s non-oil exports puzzle – Dantsoho

Abubakar Dantsoho, the managing director of the Nigerian Ports Authority (NPA), says that the central position and agro-allied potential of Abuja, Nigeria’s capital city, make it crucial to Nigeria’s non-oil export ambitions.

At the NPA Special Day during the Abuja International Trade Fair, Dantsoho said the authority’s focus on port-hinterland connectivity is central to linking producers in the heart of the country to international demand clusters.

He noted that Abuja’s location gives it a strategic advantage in connecting regional value chains and supporting the Federal Government’s drive to grow non-oil revenue.

He explained that as part of this plan, the NPA has established Export Processing Terminals (EPTs) designed to simplify export documentation, packaging and shipment processes that had previously made Nigerian goods uncompetitive.

The terminals, he said, act as ‘one-stop shop’ for cargo consolidation and certification, working in sync with Domestic Export Warehouses and Inland Dry Ports to create seamless logistics for exporters.

Dantsoho added that the authority is digitising its operations through the Ports Community System (PCS), which will feed into the National Single Window promised for kick-off in the first quarter of 2026.

The move, he said, will remove human interference and promote transparency in cargo handling, in line with best practices.

He urged businesses to take advantage of these reforms to connect their products to global markets, assuring that the NPA remains open to partnerships beyond the trade fair.

Tinubu defends economic reforms, boasts of rising revenues, debt stability at 31st NESG

President Bola Tinubu has defended his administration’s sweeping economic reforms, insisting that every policy decision has been guided by ‘a pursuit of balance between economic logic and public expectation,’ even as he acknowledged the pain Nigerians continue to face in the transition period.

Speaking through Vice President Kashim Shettima on Monday at the opening of the 31st Nigerian Economic Summit (NESG) in Abuja, the President said the government’s tough choices were beginning to yield tangible results across key sectors – including improved revenue generation, debt management, and macroeconomic stability.

Tinubu said, ‘There is no single decision we have taken that is not guided by the pursuit of balance between economic logic and public expectation. Every reform we have introduced has emerged from deep reflection, difficult conversations, and the courage to act in the national interest.’

He noted that Nigeria’s economy expanded to $372.8 billion in 2024, up from $309.5 billion in 2023, while total revenue rose from $19.9 billion to $25.2 billion within the same period. The country’s debt-to-GDP ratio, he added, stood at 38.8 per cent, well below the 60 per cent limit prescribed by both the Fiscal Responsibility Act and the ECOWAS threshold.

‘Our tax-to-GDP ratio has now nudged towards 13.5 percent, up from barely 7 percent a few years ago,’ he said.

‘These are not mere statistics; they tell the story of a nation committed to reform and renewal. It shows that our decisions, though tough, are restoring fiscal confidence and investor trust.’

He further disclosed that Nigeria’s fiscal deficit had dropped sharply, with the debt service-to-revenue ratio declining to less than 50 per cent, compared to 97 per cent before the administration came into office.

Despite the improvements, Shettima admitted that the benefits of these reforms had not yet fully translated into jobs or relief for citizens.

‘I admit that this growth has not yet fully translated into enough jobs for our people, but we are closing that gap,’ he said, noting that the administration was prioritising agriculture, solid minerals, and small business financing to create sustainable employment.

Among other initiatives, the government has established a ?200 billion integration fund to support small and medium-scale enterprises (SMEs) and launched the New Hope Local Economy Programme, targeting all 8,809 wards across Nigeria’s 774 local government areas.

Tinubu, through the Minister of Finance and Coordinating Minister of the Economy, also highlighted tax reforms as key to boosting domestic revenue and reducing dependence on oil. He cited the recently enacted Tax Reform Act and new revenue administration laws as major steps in this direction.

‘These reforms will take low-income earners off the tax bracket, ensure fairness in corporate taxation, and strengthen digital innovation in tax administration,’ he said.

‘We are simplifying processes, blocking leakages, and ensuring that every kobo counts.’

On infrastructure, the President said the government was currently constructing over 2,700 kilometres of superhighways and 440 road projects nationwide, alongside new rail lines and bridges.

He described such investments as ‘the axis of national prosperity and a pathway to long-term productivity.’

As he declared the summit open on behalf of the President, Shettima reaffirmed Tinubu’s commitment to an economy that is ‘stable, industrialised, and humanised.’

‘We will stabilise prices and the naira, industrialise our economy, humanise governance, and ensure that every citizen feels respected and served,’ he concluded.

He added, ‘The government is ready to receive and implement recommendations that will align with our deliberations through the relevant ministries, departments, and agencies.

‘My fellow Nigerians, we are not condemned to low growth, high cost, and low cost. We’ll stabilise.

‘We’ll industrialise. We’ll humanise our economy. We’ll stabilise prices and prices.

‘And we will industrialise food, power, logistics, and technology.

‘We’ll humanise governance so that every citizen feels respected and served.

‘On this note, I want to dwell on something that is very dear, a topical issue that is very dear to the hearts of every Nigerian.’

Turning to the ongoing tension between organised labour and the private sector, Tinubu made an emotional appeal for restraint and cooperation.

He also addressed the Dangote Refinery dispute, urging all stakeholders to avoid actions that could jeopardise the country’s economic recovery and investor confidence.

‘If we had invested $10 billion in Microsoft, Amazon, or Google, it would probably be worth $80 billion today. But we chose to invest in this country, and we owe it to future generations to protect that investment from harm,’ he said.

Calling for ‘caution, retrospection, and a deeper sense of reality’ from both labour and the private sector, the President warned that the refinery issue must not be allowed to escalate into a national economic setback.

‘Aliko Dangote is not an individual; he is an institution,’ Tinubu said firmly. ‘How we treat him will determine how outside investors will see us. Nigeria is greater than PENGASSAN.

‘We must protect investments and safeguard our economic stability. The government will not shy away from addressing labour concerns, but we must do so responsibly.’

He confirmed that the Federal Government was engaging the Nigerian Economic Summit Group (NESG) to pilot solutions that promote industrial harmony and protect strategic national investments such as the Dangote Refinery, which he described as a ‘critical national asset.’

‘We cannot call the whole nation to answer because of issues that we can resolve through constructive dialogue,’ he said.

‘The Nigerian Economic Summit Group is taking more than a person’s interest in the matter. The government will expect piloting recommendations from the NESG.

‘In addressing this issue, the government is also taking steps to protect the industry and ensure industrial harmony for the good of the nation.

‘This is a refinery that was financed through a combination of equity investment, debt finance, and loans from local and foreign banks.

‘The refinery has to function. And we cannot call the whole nation to answer because of issues that we can advocate in a certain approach later.’

The 31st Nigerian Economic Summit, themed ‘Building a Prosperous and Inclusive Nigeria by 2030,’ gathered top government officials, diplomats, business leaders, and policymakers to deliberate on strategies for inclusive national growth.

Nigeria’s economy must grow 10% to create 4.5m jobs yearly

Nigeria’s economy needs to grow between 7 to 10 percent to create 4.5 million annual formal jobs needed to keep unemployment in check, according to the Nigerian Economic Summit Group (NESG).

Wilson Erumebor, senior economist at NESG in a presentation said nine in 10 Nigerians are struggling to make ends meet, urging the government to ‘urgently’ create a job and productivity agenda or risk jobless growth soaring to 30 percent.

‘By 2030, Nigeria’s working age population is projected to rise to 168 million and to keep unemployment rate at current level, we estimated at the NESG that we have to create 27 million jobs in the next five years,’ Erumebor said at a session themed ‘From Hustle to Decent Work: Unlocking Jobs and Productivity for Economic Transformation in Nigeria.’

‘And that’s 4.5 million jobs every single year and if we succeed, our young population will be the agent of economic transformation and prosperity. Our economy has to grow faster. It has to grow in the range of 7 to 10 percent annually.’

The country’s economy grew at its fastest pace in five years to 4.23 percent in Q2 2025 but it’s expected to close at 3.4 percent, projections by the International Monetary Fund show. That growth might not be enough to create jobs that would engage a population estimated to reach 275 million by 2030 and 428 million in the next 25 years.

Meanwhile, Nigeria’s unemployment rate as at the last time official data was published stood at 4.3 percent in the second quarter of 2024 with over 90 percent in the informal sector.

While the jobless rate seems low, Erumebor argued that many Nigerians are ‘overworked and underpaid’, thereby leaving the citizens trapped in vulnerable, low productivity jobs.

Data from the NESG report reveals that over 80 percent of Nigeria workers are in sectors and activities in low productivity. In other words, the least productive sectors employ the most workers in Nigeria.

According to the economist, the Information, Communication and Technology sector has high productivity but employs fewer people while trade and agriculture employs a larger part of the workforce but has very low productivity.

‘This means that the kind of jobs that’ll lift people out of poverty are not being created in large numbers. It then means that productivity across our economy is very low, holding back growth and shared prosperity.’

Limited depth of Nigeria’s private sector which should power economic growth stalls productivity and by extension, employment opportunities, Erumebor said.

According to the National Bureau of Statistics, many Nigerian states are the single largest employer of labour, a title that should be earned by the private sector.

NESG also points to skills mismatch as part of the root causes of low productivity, stressing that many Nigerians lack the technical and digital skills to access quality jobs.

Nigeria’s educational system also needs to improve to boost productivity. The NESG report found that while millions of students are out-of-school, those in school are not learning as they should as only 46 percent of children aged four to six years can name at least 10 letters.

According to Erumebor, sectors that drive economic growth does not drive jobs, revealing that the top five sectors that powered the country’s economic growth in 2023 only employ 1.5 percent of the workforce.

‘Meanwhile, you have manufacturing, construction and a few others that have the capacity to absorb labour and create high productivity are struggling,’ he said.

Keystone Bank customers to win big in ‘Mega Milli’ promo

Keystone Bank Limited has unveiled its year-end nationwide promo that will reward its loyal customers with weekly cash prizes running into several millions of naira.

The campaign, themed ‘Mega Milli Giveaway,’ was unveiled during a press conference held at the bank’s headquarters in Lagos on Monday.

The lender disclosed that the promo will run from October 1 to December 31, 2025.

Speaking at the launch, Olayemi Sule, group head, Retail and Digital Banking, Keystone Bank, said the Mega Milli Giveaway was introduced as a strategic initiative to deepen customer engagement and promote financial inclusion.

According to her, ‘With the growing shift toward cashless transactions and digital financial services in Nigeria, this campaign is designed to encourage customers to embrace more convenient, secure, and technology-driven banking solutions.

‘It also aligns with our broader goals of promoting financial inclusion, rewarding loyalty, and supporting the Central Bank’s drive toward a more digitally inclusive economy.

‘By linking participation to simple account opening, savings, and use of our digital platforms, we are bringing more people into the formal banking system. This is a practical way of driving inclusion in underserved communities.

‘The Mega Milli Giveaway is not just a promotion, it is a strategic tool that empowers and rewards customers while positioning Keystone Bank as a trusted partner in their financial journey.

‘Through initiatives like Save and Win, we also promote saving habits and foster long-term financial well-being,’ she said.

Rukayat Olatunji, unit head, Mobile and Internet Banking, Keystone Bank, noted that all customers with savings accounts are eligible to participate in the Mega Milli Giveaway.

‘For existing customers, simply carry out as many transactions as possible through our digital channels – the KeyMobile app, USSD *7111#, or with any of our cards – to qualify for the Transfer and Win category.

‘Alternatively, save at least ?10,000 monthly to stand a chance to win in the Save and Win category.

‘New customers can also participate by downloading the KeyMobile app from the Google Play or Apple Store to open an account, perform transactions via the bank’s digital platforms, or save N10,000 monthly during the campaign period.

‘Customers can qualify by conducting transactions such as fund transfers, airtime and data purchases, bill payments, POS transactions, and web payments,’ Olatunji explained.

Speaking on the prizes and rewards, Tina Ebuehi, department head, Retail Products and Value Chain Management, Keystone Bank, announced that all prizes in the promo will be awarded in cash.

‘Mega Win: A top customer will receive ?1,000,000 at the end of the Transact and Win segment after the sixth week.

‘Four lucky customers will win a total of ?4,000,000 – one winner each in October and November, and two winners in December.

‘For the Save and Win category: Monthly Draw: Five winners will receive ?100,000 each month.

‘For the Transact and Win category: Tier 1: Top 10 customers with the highest number of qualifying transactions will each win ?100,000 weekly.

‘Tier 2: The next 80 customers will each receive ?20,000 weekly,’ she noted.

Keystone Bank is a technology and service-driven commercial bank offering customer-centric banking, convenient and reliable solutions to every customer’s needs.

Postecoglou faces sack threat as Nottingham Forest crisis deepens

Ange Postecoglou’s future as Nottingham Forest manager is hanging by a thread after the club suffered a fifth defeat in seven matches, piling intense pressure on the Australian coach.

Despite Forest’s alarming run of results, sources close to the club indicate that the hierarchy is unlikely to sack Postecoglou during the international break, preferring to give him at least two more weeks to turn things around, starting with the home clash against Chelsea.

Club owner Evangelos Marinakis and the board, however, have demanded immediate improvement, as Postecoglou appears to have already lost the backing of a growing section of supporters. The Trentside club is reluctant to make a third managerial change this season but may have little choice if the slump continues.

Postecoglou’s recent record makes grim reading. Including his time at Tottenham, he has now lost 30 of his last 49 Premier League games, a run that firmly places his sides in relegation form.

Forest’s latest setback came in a 2-0 defeat to Newcastle United on Sunday, with goals from Bruno Guimarães and Nick Woltemade sealing their fate at St James’ Park. That result followed a 3-2 Europa League loss to FC Midtjylland, during which Forest fans chanted, ‘You’re getting sacked in the morning,’ at their own manager.

Since replacing Nuno Espírito Santo on September 9, Postecoglou is still without a win, overseeing five defeats and two draws in all competitions. Forest currently sit 17th in the Premier League, just above the relegation zone, having failed to win since the opening weekend of the season.

Postecoglou’s frustration boiled over after Thursday’s European defeat, where he clashed with a journalist when asked about his job security.

With a daunting schedule ahead, starting with Chelsea’s visit in two weeks, Postecoglou’s time at the City Ground could soon be up unless results improve dramatically.