Author: Citynews

  The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, announced that the Federal Government is set to introduce new tax laws by September, which will include regulations for the cryptocurrency industry. Speaking on Saturday at the FIRS 2024 Stakeholders Engagement with the Senate and House of Representatives Committees on Finance in Lagos, Dr. Adedeji highlighted the absence of current legal frameworks governing cryptocurrency in Nigeria, calling for the urgent need for regulation. Nigeria’s cryptocurrency industry is estimated to be worth up to $400 million and one of the largest in Africa around 33% of the…

By Mary Odoma There seems to be a huge partition between Nigerian industrialist Alhaji Aliko Dangote and other Nigerian economy drivers. His visionary gait and purposefulness are fixated on recreating the essentials required to prop up the depleting economic fortune of Nigeria amidst contending voices. Since 1977, when he ventured into business, trading in agricultural commodities and engaging in business supplies such as sugar and cement, Alhaji Aliko Dangote has never looked back. In 1981, he incorporated his numerous businesses, which eventually became a conglomerate. Today, the Dangote Group of Companies is a household name in Nigeria and beyond. The…

By Gabriel Okino A lot has been said about the former governor of Zamfara state and Minister for State for Defence, Hon Bello Matawalle. Interestingly, they dwelled in the realm of speculation and not reality. There is a fact that can’t be washed away about Hon Bello Matawalle: he is a bold and courageous individual who does not suffer fools gladly. He might not be the darling of newspapers, but a close encounter with him would reveal the depth and quality of his thoughts and how pragmatic he can be in his methodologies. I had an encounter with him, and…

In a bold move to bolster youth employment and workforce readiness, Adron Homes and Properties has successfully trained 3,000 young people at its Recharged National Convention, a mid-year event designed to enhance capacity-building. The three-day training, which will end this Saturday, is taking place at Adron’s Shimawa training school, marking a significant effort by the real estate company to empower Nigerian youths with the necessary skills for personal and professional growth. The convention, tagged “Recharged National Convention,” brings together participants from various backgrounds, all with a shared goal of improving their employability and self-development. Through the initiative, Adron has provided…

In a bold move to keep revolutionizing large-scale agriculture in Nigeria, “Tractor on The Go” (TOG), a subsidiary of Origin Tech Group, has launched a groundbreaking tractor-hailing app service. This innovative platform is designed to tackle the challenges of low tractor density and limited access to mechanization services among small-holder farmers. TOG’s mission is to empower farming communities by providing affordable and accessible mechanization support, enhancing farm productivity, and contributing to food security across the nation. “Tractor on The Go” was established to bring together stakeholders within the agricultural value chain, fostering seamless collaboration to deliver mechanization services to smallholder…

A former Presidential candidate and a prominent political chieftain from the Middle Belt region, on Wednesday, piloted the plane of his ‘State of the Nation’ consultation to prominent politicians in the North West region. Mr Hashim had written on his Facebook official page: “I visited with our leader in the Northern Progressive Group, Alhaji Sule Lamido, Former Foreign Affairs Minister, Former Governor Jigawa state.” Lamido, according to a statement developed and released by Mr Hashim’s media department “was a protégé of our leader, Alhaji Abubakar Rimi, the Former Governor of Old Kano state, who is now late.” According to the…

A lifeless body of a baby suspected to be a day-old has been found on a church premises (name withheld) at Engr Chukelu Street, Ububa South, Nkpor Agu in the Idemili North Local Government Area of Anambra State. No one knows whether the baby girl was dumped there dead or alive, but our correspondent gathered from the residents of the area on Wednesday that the lifeless body was found in the early hours of Monday, fuelling suspicions that it might have been dumped in the midnight of Sunday. Reporters further gathered that the incident caused a stir within the community…

The fire which started around 5:17 a.m. caused panic in the area as residents scrambled for safety. Several shops have been affected as fire ravaged a seven-storey building in Lagos. The incident happened early Friday on Sanni Adewale Street in Lagos Island Local Government Area of the state. Confirming the incident in a statement, the Director of the Lagos State Fire and Rescue Service, Margaret Adeseye, said firefighters from the Ebute Elefun, Sari, and Lekki 1 stations were dispatched immediately after receiving a distress call and arrived at the scene by 5:33 a.m. She said the fire which started around…

On Thursday, the council stripped Buba of his chieftaincy for allegedly insulting the state governor, Bala Mohammed. The senator representing Bauchi South Senatorial District, Shehu Buba, has faulted the emirate council’s withdrawal of his Mujaddadin Bauchi title. On Thursday, the council stripped Buba of his chieftaincy for allegedly insulting the state governor, Bala Mohammed. The lawmaker criticised the policies of Mohammed during the kick-off of the All Progressives Congress (APC) LG electioneering campaign in the state. Buba said the governor has worsened the poverty index in Bauchi, adding that there is a need to ensure the accountability of resources allocated…

The traffic diversion is to carry out the demolition of the old pedestrian bridge at the bus stop, the government said. The Lagos State Government says traffic will be diverted at Ikeja Along Bus Stop, between Ile Zik and Conoil Petrol Station on the Oshodi bound lane from Saturday, 17th to Sunday, 18th August 2024, between 12 midnight and 4 am daily. Lagos State Commissioner for Transportation, Oluwaseun Osiyemi, in a statement on Thursday, said the diversion is to carry out the demolition of the old pedestrian bridge. “Consequently, from Ile Zik Bus Stop up to Conoil Petrol Filling Station…