Author: Citynews

Union Bank Nigeria’s leading financial institution, has kicked off its Save and Win Palli Promo 4campaign on a high note following the announcement of its first set of winners in its inaugural monthly draws.The first live draw of this season, which took place at the Bank’s Head Office in Marina, Lagos, rewarded 60 customers with ₦100,000 each. Additionally, 300 other winners went home with ₦50,000 worth of gift vouchers during the inaugural live draw, which was conducted transparently and digitally under the supervision of relevant regulatory bodies. The winners cut across the nation. Speaking at the first monthly draw, Gloria…

No fewer than 3,690 Nigerians are at risk of deportation from the United States as part of the country’s ongoing efforts to address illegal immigration.According to a document from the US Immigration and Customs Enforcement (ICE), which was shared with the media, this move is part of a wider initiative to remove over 1.4 million non-citizens who are subject to final deportation orders.The data, titled Noncitizens on the ICE Non-Detained Docket with Final Orders of Removal by Country of Citizenship, revealed that, Nigeria is one of the countries most affected by the operation, alongside Mexico and El Salvador, which…

Prince Olabode Kayode, the founder of African Heritage focus initiative international also the pioneer member of Ijesaland Progressive peace Ambassador has address the malicious and unfounded allegations made by the Ofokutu family regarding the enthronement of the new Owa Obokun Adimula, H.E. Clement Adesuyi Ajimoko III.The Ofokutu family has been spreading false information, claiming that Mr. Governor, H.E. Sen. Demola Adeleke, influenced the selection process and bastardized the Ijesaland traditional cultural heritage. I categorically deny these allegations and assert that the selection process was conducted in accordance with the traditional norms and customs of Ijesaland.The Oracle and Afobaje’s have consistently…

• It will help realisation of $1 trillion economy by 2031, says FIRS chairman There can be no better time than now for the take-off of the National Single Window initiative aimed at eliminating bureaucratic delays in export and import processes to boost trade efficiency and enhance economic growth. This was the consensus of stakeholders and industry experts at the opening of a three-day workshop on the presidential initiative called the National Single Window project launched by President Bola Tinubu in April, 2024. The stakeholders, including the Minister of State for Finance, Dr Doris Uzoka-Anite, Minister of Marine and Blue…

Ogun State Commissioner for Budget and Planning, Mr. Olaolu Olabimtan, has said that the State Government’s vision to modernize its eight technical colleges is grounded in the understanding that education and skill acquisition are critical drivers of sustainable growth.Olabimtan, who is the Vice-Chairman of the Steering Committee for the Ogun State Economic Transformation Project (OGSTEP), said that the economic transformation of any state or nation depends significantly on education and skills development.He spoke during an inspection of the ongoing rehabilitation of the Government Technical College, Ajegunle, in Ewekoro Local Government Area of the state. “One of the pillars of this…

Delivering judgment in the suit on January 17, 2025, Justice Aluko after carefully perused all the processes filed and arguments canvassed by their lawyers, and after citing plethoras of legal authorities, acceded to the request of the defendant/counter-claimant and held that the counter-claims succeed and Judgment is entered for the Counter claimant as follows:Court has awarded N2.9bn damages against Standard Chartered Bank for negligence. It was garthed that Justice Akintayo Aluko of a Federal High Court, Lagos, has awarded a total sum of N2,973.000.000 billion, against Standard Chartered Bank Nigeria Limited, for negligence.The judge awarded the sum in favour of…

Guaranty Trust Holding Company Plc (GTCO) is proud to be the headline sponsor of the 2025 NPA Lagos International Polo Tournament. The highly-anticipated Polo Series will be held at the prestigious Lagos Polo Club, Ikoyi, from 4th to 23rd February 2025. A staple in Nigeria’s sporting and social calendar, the NPA Lagos International Polo Tournament is celebrated for its rich heritage, thrilling competitions, and vibrant atmosphere. Last year’s tournament delivered a thrilling six chukkas encounter that saw Leighton Kings dispatch a hard-fighting Art Hotel Shoreline team to retain the coveted Majekodunmi Cup. The 2025 NPA Lagos International Polo Tournament is…

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…