Author: Citynews

The fuel crisis in Nigeria currently is almost the longest that have been experienced in recent times. Before now, fuel scarcity used to occur for a maximum of one week before it disappeared but for about three months, Nigerians have been struggling to get fuel yet, no hope seems to be in sight.At a time like this, solutions to ending the fuel crisis should be a top priority because the scarcity has further deteriorated economic hardship hereby leading to the increment in the prices of commodities. If there is no solution as soon as possible, it may become difficult for…

The emiolu ruling house of Iresa Adu kingdom in Oyo State is urgently calling on Governor Seyi Makinde to address the issue of kingship in their town. Following the passing of the last king of Iresa Adu in Surulere, Oyo State, there has been a vacuum in leadership that has yet to be filled.Pa Julius Olaonipekun, the head of the Emiolu ruling house, has expressed concern over the lack of a king on the throne, stating that it is vital for the stability and development of the town to have a traditional ruler in place. According to the structure of…

Innocent Obaro, a Lagos resident, has accused God Is Good Logistics (GIGL) and Standard Chartered Bank of refusing to refund his N23,000 payment for over six months, despite writing to them several times.Obaro said that he paid for a package at the GIG Logistics office in Lekki on February 17 via their point-of-sale system but did not get a debit alert notification nor a prompt the transaction was successful until he tried to make a transfer to the logistics firm.He said that, upon checking his bank app, he found that Standard Chartered, his bank, had debited him. So he informed…

Chief Obani Oluwabiyi Anthony Boyede Greenlyte, founder of Theatre Centrik and organiser of the 2024 African Food and Drinks Festival, Garri Day, revealed that the event was intentionally crafted to use food as a means of fostering national unity, cohesion, and diversity in Nigeria while addressing issues of ethnicity, tribalism, and disunity.Boyede, a cultural advocate who also leads the Alimosho Arts Community Initiatives (AACI) in the Alimosho area of Lagos State, noted that the celebration would also contribute to development, as cohesion and unity are vital for national growth and advancement.In an interview with media, the multi-talented thespian, traditionalist, cultural…

Abbey Mortgage Bank Plc and 14 listed companies have fallen into default positions in the Nigerian Exchange free float rules.This was contained in the NGX X-Compliance report dated August 2, 2024. They have a less-than-required minimum number of shares that should be available to minority retail shareholders, a major infraction that may adversely affect liquidity and efficient price discovery.NGX stated that, “companies listed on the Exchange are required to maintain a minimum free float for the set standards under which they are listed in order to ensure that there is an orderly and liquid market for their securities.Listing the free…

Bill Gates, the Co-chair of the Bill and Melinda Gates Foundation, has explained why Nigeria receives the largest share of intervention funds allocated by the foundation in Africa.Gates made this statement during an interview with selected journalists on the sidelines of the 2024 NutriVision Dialogue on Tuesday in Abuja.He said, “We spend a lot in Asia, but we spend even more in Africa. The country where we spend the most in Africa is Nigeria.“That makes sense because of the population and the incredible needs that are here. That means that I’ve literally spent billions in Nigeria.“I’m glad that things like…

…Transactions Halt since 48 HoursSince September 2, 2024, Sterling Bank’s system has been down, leaving customers stranded and frustrated. Transactions have been hanging for the past 48 hours, causing chaos and discomfort for those relying on the bank’s services.On social media, customers have been venting their frustrations, pleading with the bank to resolve the issue. One customer wrote, “Since Friday! @cenbank pls, come to our rescue. I’m stranded! I’m hungry! I can’t do any transactions on the app. Money sent to me are yet to reflect on the account. I can’t do anything.”Another customer threatened to close their accounts, saying,…

Facts have emerged of how Governor Dauda Lawal of Zamfara State misused security funds to finance his personal gold mining interests and pay off notorious bandits.A leaked memo reveals that a substantial amount of money was approved to finance a reconciliation project, totalling over one billion Naira. However, sources claim that the funds were used to settle bandits and finance gold extraction in a newly discovered large gold deposit.The former Chairman of the Zamfara State Security Trust Fund, MD Abubakar, was sacked after he allegedly refused to comply with the governor’s scheme. Abubakar had written a memo requesting funds to…

The National Communications Commission (NCC) has granted three licences to Airtel Nigeria Telesonic Limited, a subsidiary of Airtel Africa.These new licences will enable the company to expand its fibre network and enhance infrastructure to meet the growing demand for data services in Nigeria.As detailed on the NCC’s website, the approved licences include National Long Distance, Internet Service Provider, and Sales & Installation Major licences.“The companies listed below are those that have fully paid their licence fees and have received their licence documents for their respective telecommunications operations prior to the reclassification of licences into class and individual categories,” the NCC…

The Situation Room on Energy Sustainability, a coalition of civil society organizations, has commended the President of Dangote Group, Alhaji Aliko Dangote, on the resumption of Premium Motor Spirit (PMS) production in Nigeria for the first time in almost three decades.In a statement signed by Dr. Ikenna Nnaji, the group described the milestone achievement as a testament to Dangote’s visionary leadership and commitment to Nigeria’s economic growth and development.The Dangote refinery, with a capacity to produce 650,000 barrels per day, is expected to significantly reduce fuel scarcity, leading to lower prices and increased economic activity, which will improve livelihoods, reduce…