Author: Citynews

MTN Nigeria Communications (MTNN) Plc recorded a net loss of N400.43 billion for full year, 2024, primarily due to a significant foreign exchange (FX) loss of N925.36 billion. The company’s audited results for the year ended December 31, 2024 revealed that, forex losses arising from the revaluation of foreign currency-denominated obligations resulted in a loss after tax of N400.4 billion as against loss of N137 billion in 2023, albeit with a positive result of N114.5 billion achieved in fourth quarter (Q4), 2024.Consequently, MTNN reported negative retained earnings of N607.5 billion higher than N208 billion in December 2023, which was an…

A lorry driver , Lawrence Rafter has been jailed for 14 years after he took his condom off during s£x without consent.Laurence Rafter, 43, from Barnet, north London, contacted the victim, 32, on a dating app in July 2021 posting as a man called “Jay Lincoln”.They met at the woman’s home address in Islington, when Rafter had s£x with the victim who requested he wear a condom.However, mid s£x, he removed the condom without her consent.As he left the address, he told her he was HIV positive, which was later revealed to be a lie.Rafter was found to have set…

On my way to his Ilaro-Yewa office to wish him well on his imminent 55th birthday celebration—about ten feet away from the doorstep of his Mosque where he had gone to say his Fajr Salah prayer—I was about to prostrate before him.He wouldn’t carry his esteemed charisma; he makes people feel at home with him anywhere, anytime; not only while bowing before Allah (Ruku), facing the Kaaba in Mecca!The Chairman, IBD Impex Ltd, Chief Ibrahim Egungbohun, the Olu-Omo of Yewaland, is known for his live and let live lifestyle; his humility is enviable to all persons of genuine godliness.Before I…

…Why President Tinubu Deserves Commendation By Dare Adekanmbi Prior to Nigeria’s Independence in 1960, agriculture was the mainstay of its economy, even as reflected in the economic activities of the regions there were in the country at that time. Famous stories of the First Republic chronicled how the defunct regions were reliant on revenues from the groundnut pyramids in the North, the cocoa export receipts from the defunct West and the rubber as well as palm oil proceeds from the East. With the discovery of crude oil in commercial quantities, beginning from Oloibiri in the present-day Bayelsa State in 1956,…

By Sondo EbenezerFor close to two years, the governor of River state, Sim Fubara has enjoyed victory on the battle with his predecessor, Nyesom Wike basically on the house of assembly and local government issue.Fubara found a way along the line to have lawmakers loyal to him to be in control of the house while he ensured a local government election was held to displace council chairmen loyal to Nyesom Wike.While Fubara was hailed by every political analysts and figures across the country, Primate Ayodele of INRI Evangelical Spiritual Church was warning him to be careful of Wike because the…

The Nigerian Guild of Investigative Journalists (NGIJ) has extended warm Ramadan greetings to the President of Nigeria, Asiwaju Bola Ahmed Tinubu, the entire Nigerian Muslim Ummah, and Muslims across the world, praying for peace, stability, and national prosperity.In a statement signed by the President of the Guild, Malam Abdulrahman Aliagan, and made available to journalists on Saturday in Abuja, NGIJ described Ramadan as a sacred period of spiritual reflection, sacrifice, and devotion, urging Muslims to use the opportunity to pray for Nigeria’s progress, unity, and good governance.The Guild emphasized the importance of turning to God in prayers, especially during challenging…

The Otun-Asiwaju Onigbagbo of Remoland, Aare Adetola Emmanuelking, joined other Christian leaders, dignitaries and well-wishers in celebrating Nigeria’s former President and Elder Statesman, Chief Olusegun Obasanjo, Ph.D, GCFR on his 88th birthday with a special *Global Breakfast Prayer session*. The 61st edition of the Prayer Breakfast, which took place on Saturday, March 1st, 2025, was a spiritually uplifting gathering that saw representatives from 29 countries join virtually to celebrate Chief Obasanjo. The prayer session was facilitated by Bishop T. Akin-Akinsanya, the Chairman of Christian Association of Nigeria, SouthWest Zone, and moderated by Rev. Engr. A. Ojeshina. Ministers from different nations…

Olusi maintained that the lawmakers do not have absolute power to remove or install their leaders without the party’s involvement. “We only read about it that morning. The Chairman of the Governance Advisory Council (GAC) in Lagos State, Prince Tajudeen Olusi, has accused lawmakers in the Lagos State House of Assembly of failing to consult party leaders before removing Mudashiru Obasa as Speaker. Olusi maintained that the lawmakers do not have absolute power to remove or install their leaders without the party’s involvement. “We only read about it that morning. “The lawmakers acted without consulting the party and those of…

In anticipation of the grand celebration of its 80th anniversary, Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has rewarded 80 customers in the 80th daily draw of the Wema Bank 5 for 5 Promo Season 4. This draw took place on February 27, 2025, at the Wema Bank Head Office Facility in Lagos. Launched in 2021, the 5 for 5 Promo is Wema Bank’s dedicated avenue for demonstrating its gratitude to its customers for their loyalty, support and patronage of the Bank and its products. Since its launch, the Promo has disbursed…

The Senator representing Kogi Central, Natasha Akpoti-Uduaghan, has called on Mrs. Unoma Akpabio, wife of the Senate President, Godswill Akpabio, to refrain from intervening in the ongoing allegations of sexual harassment and intimidation leveled against her husband.The dispute between Akpoti-Uduaghan and Akpabio ignited after Akpoti-Uduaghan challenged the seating arrangement in the Senate, citing Order 10 of the Senate Standing Rules. Tensions soared when, during an appearance on Arise News, she accused the Senate President of blocking her motions, tarnishing her reputation, and intimidating her after she allegedly rejected his sexual advances.In response, Mrs. Akpabio dismissed the allegations in a press…