Author: Citynews

Interswitch Group, one of Africa’s leading integrated payments and digital commerce companies, recently put together the maiden edition of its startup innovation mixer, which took place at the Interswitch Innovation Hub at the company’s Lagos HQ. Themed “Unlocking Synergies between Startups and Established Corporates,” the event took place on January 24, 2025 and attracted a cross-section of stakeholders across the broader tech, fintech and payments industries, including Interswitch Alumni.This Innovation Mixer was conceptualized by Interswitch to bridge the gap between startups and established businesses and the program is designed to provide a periodically sustainable platform for stakeholders across the tech…

…SECURES REGULATORY APPROVAL FOR NEW CAPITAL Zenith Bank Plc has raised a total of N350.4 billion through its recently concluded hybrid Rights Issue and Public Offer.In a statement released to the Nigerian Exchange (NGX) Group on Sunday, January 26, 2025, the Bank announced that it has secured the full regulatory approval of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) in respect of its recently concluded Hybrid Offer, comprising of a Rights Issue of 5,232,748,964 Ordinary Shares of 50k each at N36.00 per share and Public Offer of 2,767,251,036 Ordinary Shares of 50k each at…

By Bello AdamuIn the realm of Nigeria’s economic policymakers, a seasoned architect of prosperity has been hard at work. Senator Abubakar Atiku Bagudu, the Budget and Economic Planning Minister has been leveraging his vast expertise to shape the nation’s economic destiny. His remarkable tenure as governor of Kebbi State showcased his transformative touch, as he coaxed the state’s dormant potential into a thriving economic powerhouse.The story of Kebbi’s resurgence is one of vision, grit, and unwavering dedication. Under Senator Bagudu’s stewardship, the state’s agricultural sector blossomed, earning it the coveted title of “the premium food basket of the nation.” As…

By Richard Oriri Representing the vibrant people of Balanga/Billiri Federal Constituencies in Gombe State, Honourable Ali Isa JC, the Makama Cham, has proven himself to be a dedicated and compassionate leader. With a track record of delivering impactful projects and interventions, he’s won the hearts of his constituents, who are eager for his return. Born on June 4, 1974, Rt. Hon. Ali JC has been a driving force behind numerous developmental projects since his maiden foray into the National Assembly in 2015, earning him a reputation as a selfless and effective parliamentarian. A contagious trailblazer and refined politician, Rt. Hon. Ali…

A coalition of 100 Civil Society Organizations (CSOs) under the umbrella of the Concerned Nigeria People’s Network has issued a stern warning to the Federal Government, demanding immediate action to address the non-payment of contractors for completed projects in 2024. The CSOs warned that failure to address the issue would lead to a nationwide mass action against this injustice and demanding that the government take responsibility for its obligations. A statement co-signed by Comrade Alao Bamisile and Abubakar Suleiman Tijani, its President and secretary, said the non-payment of contractors has had a devastating impact on their livelihoods, causing financial hardship…

Sowore arrived the police headquarters around 9.45 am on Monday, with his lawyer and some supporters. Omoyele Sowore, the convener of the #RevolutionNow Movement and former presidential candidate of the African Action Congress (AAC), has arrived at the Force Headquarters in Abuja to honour police invitation. Sowore arrived the police headquarters around 9.45 am on Monday, with his lawyer and some supporters. The Nigeria Police Force had summoned Sowore for questioning following a viral video he recorded, highlighting alleged extortion by police officers on the Murtala Muhammed International Airport Access Road in Lagos. The invitation, dated January 23, 2025, was…

Bankit MFB, a rapidly growing Fintech company, has announced remarkable achievements within its first few weeks of operation. The company has successfully registered over 50,000 users on its platform, a testament to its innovative simple banking approach to digital banking with ambitious plans to service a record 500,000 businesses in 2025, Bankit MFB is confident in its competitive edge and cutting-edge technology. The financial institution prioritizes the protection of customers’ funds and is committed to diversifying its digital services to enhance customer experience.Since commencing operations in late 2024, Bankit MFB has introduced web banking and other innovative banking products, with…

The Asiwaju Bola Ahmed Tinubu Movement Group has extended its warmest congratulations to Mr. Kayode Opeifa on his recent appointment as the Managing Director of the Nigerian Railway Corporation (NRC). In a press statement on Sunday jointly signed by Akogun Banji Ojo, Convener ABAT Worldwide, Femi Folademi, Secretary General, Barr. George Ogunjimi, UK Coordinator, Razak Bodunrin, Canada Coordinator and Otunba Femi Soluade, Director General commended the decision of President Bola Tinubu for putting the right peg in a right hole by appointing Mr. Opeifa to lead the NRC. The group urge Nigerians to continue working with and believing in the…

One of Africa’s leading financial institutions, Zenith Bank has reaffirmed its dedication to employee welfare by announcing the promotion of over 4,000 staff members and implementing salary increases ranging from 20% to 30% across various employee grades. This bold initiative, under the leadership of Managing Director/CEO Dame Adaora Umeoji, its aimed at boosting staff morale and productivity.With over 8,000 employees, this significant investment in human capital reflects Zenith Bank’s belief that its workforce is its most valuable asset. The salary adjustments, effective January 1, 2025, aim to reward performance, alleviate financial pressures, and ensure enhanced customer service delivery. Promotions for…

Motorists and Residents of Ilorin, Kwara State have expressed their displeasure as potholes takeover major roads in the capital city. It was gathered during a field tour on Friday observed that some inner roads in Ilorin need urgent rehabilitation.The roads include Gaa-Akanbi-Agbabiaka road, Awolowo road, Mineret-Tanke-akata road, Fate-Tanke road, Basin-Sango road, Judges Quarters-Taoheed road, Tipper Garage- F Division road, Iloffa road (GRA), Sango-Akerebiata road and Gaa-Odota road  links Lubcon.A Motorist, Kayode Alhassan while speaking with Our Correspondent along Judges Quarters-Taoheed road called on Kwara State Government to fix the road before raining season.According to Alhassan, the situation is becoming worrisome.…