Author: Citynews

Anti-graft agency Economic and Financial Crimes Commission (EFCC) has arrested the Managing Director of Atlantic International Refinery and Petrochemical Limited, Mr. Akintoye Adeoye Akindele for alleged diversion of $35 million.Akindele, promoter of the Energy Infrastructure Park financed by the Nigeria Content Development and Monitoring Board (NCDMB) in Okpoama Community in Brass Local Government Area of Bayelsa State, initially mooted the idea of the project to the Board and the NCDMB embraced it with a counterpart funding of about $35 million.Investigation showed that NCDMB allegedly paid the $35 million to Akindele to build a 2000 barrel per day (BPD), Refinery, Jetty,…

MAGGI Chicken flavour seasoning cubes have been relaunched with a refreshing blend of spices including onion, turmeric and celery and a boosted Chicken flavour to delight even more Nigerian consumers. It is also now available in double-cubes for double the convenience which also translates into reduced packaging materials. This milestone marks a win for consumers and for the planet as Nestlé works towards a waste-free future. The announcement was made on the sidelines of MAGGI Creators Conference, a new platform to connect the brand with food enthusiasts, chefs and food content creators. The event, organized in partnership with TikTok, was…

Adron Homes and Properties, a leading real estate company, reaffirms its dedication to corporate social responsibility (CSR) through its fourth annual Breast Cancer Awareness and Screening Initiative, led by Vice Chairman, Olori Aderonke Emmanuelking. Held at the company’s head office in Omole, Lagos, in partnership with Pink Clinic, the event commemorated World Breast Cancer Month 2024. The program offered free screenings, educational workshops, and preventive health guidance to hundreds of attendees, empowering them to prioritize their healthOpening the event, Olori Aderonke Emmanuelking shared a message of solidarity for those affected by breast cancer, highlighting the importance of community support. “Today,…

The widow of Idowu Keshinro, the murdered Ota Ikosi Ejinrin LCDA staff has cried out for justice following the gruesome killing of her husband whom she had three children with. The widow, Funke Keshinro stated that since her husband was killed, life has not been the same for her and the children because the deceased was the breadwinner of the family. She revealed that she had to change the schools of the children because it’s been difficult to afford the private schools their father had enrolled them in before he died. ‘’Since my husband died, life has not been easy…

In a bold step towards empowering Nigeria’s small and medium enterprises (SMEs), Wema Bank has launched the Wema Export Trade Academy, a groundbreaking initiative designed to enhance the global trade capabilities of local businesses. This forward-thinking program demonstrates Wema Bank’s commitment to empowering Nigerian businesses and supporting their international growth potential. Navigating the complex landscape of export trade involves overcoming regulatory, financial, and logistical hurdles, which can often hinder small businesses from establishing a foothold, the Wema Export Trade Academy is designed as a solution to these challenges faced by Nigerian SMEs when entering international markets. The Academy specifically structured…

In the first nine months of 2024, Nestle Nigeria Plc recorded a pre-tax loss of N255.38 billion on the back of significant increase in finance cost.The company in the period saw its pre-tax losses rise by a whopping N198.73 billion when compared to the same period of 2023.This is according to Nestle Nigeria Plc unaudited financial statement for the nine months ending September 30, 2024, published on the NGX where pre-tax losses rose from N56.65 billion in 2023 to N255.38 billion in the current period.This marks an increase of 350% over the one year period.The company also saw its net…

THE establishment of the Progressive Institute (TPI) by the All Progressives Congress (APC) marks a significant milestone in Nigeria’s democratic journey. There is no doubt this institute has the potential to transform the country’s political landscape by bridging the gap between leaders and citizens in the country.One of the key objectives of The Progressive Institute TPI—as enunciated in its vision and mission statement—is to connect elected officials, appointed representatives, and the people they serve towards ensuring that governance is more inclusive and responsive.This gap between leaders and citizens is a significant challenge in Nigeria’s democracy, leading to disconnection and mistrust…

Suspended chairman of the Alimosho Local Government Area of Lagos State, Jelili Sulaimon, has pleaded with the state Assembly men for forgiveness, nearly a month after he was axed for non-compliance, defiance and unyielding attitude to the legislative House.In a ‘Letter of Apology’ personally signed by the embattled chairman, addressed to Speaker Mudashiru Obasa and read on the floor of the House on Tuesday, Jelili agreed that his actions may have caused disrespect to the House.While expressing regret, he promised to henceforth show maximum respect to the House and work closely with the legislators.The suspended chairman also informed the House,…

The Progressive Institute (TPI), was established by the ruling All Progressives Congress (APC), to be the official think tank of the party and an intellectual Resource Centre.Eminent Nigerians, from far and near, as well as members of the international community were all at the institute’s secretariat in Abuja, to give a seal to the unique initiativeEstablished as part of efforts by the APC under the leadership of Abdullahi Umar Ganduje, PhD, the National Chairman of the party to deepen and strengthen internal democracy, promote participatory development while enhancing the bond between the party and its cadres, TPI came as a…

– commends monarch’s commitment to public serviceThe Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, has congratulated His Majesty, Oba Rilwan Akiolu of Lagos as he marks his 81st birthday on Tuesday.In a statement by his media office, Speaker Obasa, the Baa’sofin of Lagos, said at 81, the revered monarch remains committed to excellent community and public service with results that keep promoting the growth and progress of Lagos.Dr. Obasa extolled the Eleko’s virtues, said Oba Akiolu, Permanent Chairman of the Lagos State Council of Obas and Chiefs, has constantly brought his wisdom to bear in…