Author: Citynews

In a world where collective progress relies on the strength of our shared endeavors, the Jide Akinyemi Foundation is leading the way in transformative giving. Recently, the foundation expanded its reach to Ekiti with a two-day event titled the Ekiti Empowerment Program, held from Friday, July 26, to Saturday, July 27. During the event, the foundation distributed farm pumps and reflective jackets to the communities of Ikole, Oye, Ilejemeje, Moba, Ido Osi, and Ado. The farm pumps are intended to enhance irrigation and agricultural productivity, while the reflective jackets are designed to improve the safety of local farmers working under…

Today, we are casting a searchlight on entrepreneurs charting a new territory in Ogun State and we turn our focus to Abiodun Sijuade, the founder and product lead of Exambeta, a firm curating opportunities for talented young Nigerians to study pathways and other opportunities abroad and building bilateral partnership for academic exchange to help lower-income students take advantage of initiatives abroad headquartered in Abeokuta with offices in Sagamu and Ibadan. He is also the founder of Betaprep Africa, an edtech company whose mission is to use technology, media and teaching to improve learning experiences for standardized testing candidates. According to…

Investors are literally scrambling for shares of Fidelity Bank Plc as the leading commercial bank’s capital raising continues to gather momentum among all categories of investors. Investors’ appetite for Fidelity Bank is shown in massive subscriptions to its ongoing rights and public offers and voluminous trading at the stock market. Current weekly report shows that Fidelity Bank was the most active stock at the stock market, outperforming the banking sector and the overall market. Fidelity Bank recorded a turnover of 1.73 billion shares worth N18.27 billion in 1,579 deals to emerge atop the activities chart for the week. This implies…

The International Oil Companies (IOCs) and Local Oil Companies (LOCs) under the aegis of the Oil Producers Trade Section (OPTS) have met to create a framework. This is in anticipation of the approval of the proposed recommendations to the Hon. Minister of Aviation and Aerospace Development by the Ministerial committee set up to review the helicopter landing levies collected by the ministry’s agent, NAEBI Dynamic Concepts Limited. This decision was announced on Wednesday in Abuja after a meeting between the oil companies, ministry officials, representatives of NAEBI Dynamic Concepts Limited, and aviation industry regulators in the Ministry of Aviation and…

Digital solutions provider, Globacom, has, in conjunction with the Lagos State Ministry of Agriculture, launched M-Agric, an agricultural support service that guides users through practical, step-by-step processes of managing successful farming businesses across livestock, aquaculture, cash crops and value-additions. Globacom said in a press statement that it partnered with the state government to launch the agricultural lottery service in order to support the food sufficiency programme of the government and to “encourage and empower young, savvy and informed Nigerians to engage in farming to boost food affordability in the country”. According to the company, M-Agric is a…

Zenith Bank Plc, in a significant move to meet the Central Bank of Nigeria’s (CBN) new minimum capital requirement of N500 billion, is offering its ongoing hybrid rights and public offers at the bank’s lowest price range, locking in about 32 percent gain in potential immediate return for existing shareholders and new investors. This Hybrid Rights Issue and Public Offer, aimed at raising approximately N290 billion, will not only enable the bank to meet the CBN’s requirement but also provide additional working capital to support its expanding operations and investments in information technology infrastructure. Currently, Zenith Bank’s issued and fully…

The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has warned Ekiti State Governor Abiodun Oyebanji not to embezzle the trucks of rice that the federal government distributed to states across the federation to alleviate hunger in the country. Primate Ayodele issued this warning on Wednesday at the grand finale of his charity engagements in Ikere-Ekiti, where he planted a church earlier this year. The event was attended by the Ogoga of Ikere-Ekiti, Oba Samuel Adu Adejimi Alagbado, and his chiefs, the chairman of Ikere-Ekiti LGA, Olu Adamolekun Egbejoda, the Iyaloja-General of Ikere-Ekiti, and several other notable personalities. The…

By Kareen Goulding We inhabit a media landscape where falsehoods are skillfully manipulated to masquerade as verifiable facts, unchecked propaganda is employed as a tool for character assassination, and opportunistic individuals like Jackson Ude, notorious for peddling fake news, resort to unscrupulous tactics such as blackmail, mischief, and propaganda to secure financial gain and satiate their self-interest. These actions undermine the fundamental objective of effective communication, which is to convey accurate information and achieve a desired outcome based on verifiable facts. Instead, they create a false narrative and distorted history, perpetuating misinformation that is ingested as fact by an unsuspecting…

Amo Byng Nig Limited, a leading producer of poultry feed and concentrates, has commenced a strategic partnership with the Kwara State Government to bolster local soybean production, addressing the current shortage that is impacting poultry feed production across Nigeria. This collaboration was formally launched on July 16, 2024, and marks a significant step towards revitalizing the soybean industry. The soybean shortage has led to increased feed production costs for poultry farming, as much of Nigeria’s soybeans are being exported. In response, Amo Byng Nig Ltd. is stepping in to support local farmers by providing essential farming inputs and committing to purchase…

Union Bank of Nigeria, one of Nigeria’s foremost financial institutions, has added to its growing list of qualified personnel with the recent graduation of the 2024 set of Management Trainees. The ceremony, which was held at the Bank’s multiple-purpose sports complex, ‘The Stable, ’ in Surulere, Lagos, included the financial institution’s senior management officials and other staff, as well as the 166 Management Trainees graduates who successfully concluded their training programme. After collecting their certificates, the newly graduated Management Trainees were encouraged to imbibe the technical and soft skills they learned to help them settle quickly into their new roles…