Author: Citynews

Former Minister of Power, Prof. Barth Nnaji, on Monday made an assessment of Nigeria’s power sector, blaming over a decade of stalled investment on policy inconsistency, weak infrastructure development, and the abrupt discontinuation of a financing framework that had begun attracting global capital into electricity generation projects. Nnaji spoke in Lagos at the 2026 conference of the Nigerian Association for Energy Economics, where he addressed participants on the future of Nigeria’s energy mix, the role of natural gas in powering the economy, the financing bottlenecks facing major projects, and the long-standing delays around strategic assets such as the Mambilla hydropower…

The Economic and Financial Crimes Commission, EFCC, insisted on Monday at the High Court of the Federal Capital Territory that the signatures of late President Muhammadu Buhari and former Secretary to the Government of the Federation (SGF), Boss Mustapha, were forged by unscrupulous Nigerians to defraud the country of $6,230,000. EFCC Assistant Commander II, Mr Chinedu Eneanya, told the court that five officials of the Central Bank of Nigeria (CBN) moved the money out of the apex bank under the guise that it was meant for the payment of foreign election observers in the 2023 general elections. The anti-graft agency…

Peter Obi has said closed-door meeting with former President Goodluck Jonathan on Monday was frank and thoughtful. He said the discussions were anchored on the urgent need to reposition Nigeria on the path of unity, security, stability, productivity, and inclusive governance. The former Anambra governor, who led a delegation of notable South-East leaders to Jonathan’s residence, said the consultation was part of his ongoing engagements with Nigerian leaders ahead of the 2027 general elections. “Our discussions were frank, thoughtful, and anchored on the urgent need to reposition Nigeria on the path of unity, security, stability, productivity, and inclusive governance. “At…

Zenith Bank Plc has announced the opening of its Côte d’Ivoire subsidiary, marking a pivotal achievement in the Group’s Pan-African expansion strategy. The official opening ceremony, scheduled to hold on Wednesday, April 29, 2026, is expected to attract senior government officials and regulators from Nigeria and Côte d’Ivoire, continental business leaders, and members of the diplomatic community, highlighting the strategic economic ties and investment opportunities between the two markets. The new subsidiary, licensed in December 2025 by the Ministry of Finance and Budget, Republic of Côte d’Ivoire, and regulated by the UMOA Banking Commission, will commence operations from its headquarters…

Olusegun Obasanjo, a former president of Nigeria has slammed the present administration of President Bola Tinubu over the persisting insecurity across the nation. Obasanjo in an interview with News Central Television said the growing killings and kidnappings in most parts of Nigeria are worrisome. According to the former president, any government that fails to protect the lives and property of citizens does not have the right to remain in power. Obasanjo said, “Let me tell you, the government that cannot give security of life and property of its citizens has no right of existence.” The former president also queried the…

Former Attorney General of the Federation, Abubakar Malami, has taken a firm legal stand against the Economic and Financial Crimes Commission over the seizure of several properties linked to him. The dispute is now before the Federal High Court of Nigeria in Abuja. It follows an interim forfeiture order obtained earlier by the anti-graft agency. The order affected multiple assets said to be under investigation. Malami, in court documents seen on Monday, pushed back strongly against the claims. He insisted that his wealth and properties were acquired legally over many years. He tied them to his career as a lawyer,…

Factions of the Peoples Democratic Party, African Democratic Congress, Accord Party, and Labour Party have rejected the Ibadan opposition summit, stating it does not represent their official stance. They reaffirmed plans to field separate candidates against President Bola Tinubu in the 2027 elections. The PDP National Working Committee, backed by the Minister of the Federal Capital Territory, Nyesom Wike, claimed that former Vice President Atiku Abubakar, former Senate President David Mark, former Governors Rabiu Kwankwaso (Kano), Peter Obi (Anambra) and other opposition figures were misled by ‘’impostors’’ who organised the summit. Also reacting, the two ADC camps of the 2023…

Kano State House of Assembly has confirmed Murtala Sule Garo as the new Deputy Governor of Kano State. The confirmation followed his screening by lawmakers during plenary presided over by the Speaker, Jibril Isma’il Falgore. Presenting the report, the Chairman of the ad hoc committee and Deputy Speaker, Muhammad Bello, said Garo’s nomination came after the resignation of the former Deputy Governor, Aminu Abdussalam Gwarzo. He explained that the screening was carried out in line with Section 191(3)(c) of the 1999 Constitution, which allows the Assembly to approve a nominee when there is a vacancy. According to the committee, Garo…

Fresh uncertainty has hit the ongoing trial of former Central Bank Governor, Godwin Emefiele, as a key witness is yet to appear in court, raising fears of another delay in the high-profile case. The trial, which is before the Federal Capital Territory High Court, is already facing mounting pressure over repeated adjournments. Now, the absence of a crucial prosecution witness has added a new layer of concern. Sources close to the proceedings revealed that the prosecution team may notify the court that Jim Obazee is currently unavailable to testify. Obazee, who was appointed by President Bola Tinubu as a special…

The management of Obafemi Awolowo University (OAU), Ile-Ife, has reacted to the controversy surrounding the cancelled lecture involving former presidential candidate, Peter Obi. The institution denied allegations that it disrespected or embarrassed the former Anambra State governor. CityNews reports that the clarification came in a statement released on Sunday by the university’s Public Relations Officer, Abiodun Olarewaju. Nigerian News Subscription The statement addressed growing reactions from the public following reports that Obi’s planned appearance at the campus was disrupted. According to the university, the invitation for the lecture did not follow proper communication channels. The management explained that the event…