Author: Citynews

Fidelity Bank Plc started its N127.1 billion combined rights and public offers to a rousing support from the investing public as key capital market stakeholders recalled the symbolic importance of Fidelity Banks impressive growths and investor-friendly disposition over the years. From the Nigerian Exchange (NGX) to stockbrokers, investors and customers; the N127.1 billion combined rights and public offer received unreserved recommendations, with industry thought leaders citing the performance of Fidelity Bank in its core banking operations and as a quoted company at the stock market. They said Fidelity Banks N127.1 billion combined rights and public offer was the right way…

The Nigerian Shipping and Port Economic Regulatory Agency bill has undergone multiple revisions, with the 2024 iteration duplicating the powers and functions of the Nigerian Maritime Administration and Safety Agency (NIMASA) and other Ministries, Departments, and Agencies (MDAs) under the Ministry of Marine and Blue Economy. This proposed shipping regulatory bill has sparked intense debate and discussion among stakeholders in the maritime industry, with concerns raised regarding potential increases in governance costs. Nevertheless, numerous experts believe that a regulatory framework is essential for the industry’s growth and development. In a public hearing that was held this year, stakeholders convened to…

The Aig-Imoukhuede Foundation, a philanthropic organisation committed to improving the lives of Africans through public service transformation and quality healthcare, has partnered with the Office of the Head of the Civil Service of the Federation (OHCSF) for the 2024 Nigeria Civil Service Week, which held between 14th to 23rd June 2024. Key highlights of this year’s events were the award of cash prizes to top performing civil servants through the Emily Aig-Imoukhuede Memorial Endowment Fund and the launch of the eagerly awaited Civil Service Culture Handbook, supported by the Foundation. The theme of this year’s Civil Service Week, “Educating 21st…

The Ogun State Government said Governor Dapo Abiodun’s Executive Order creating the Mineral Resources Agency is aimed at protecting those resources in its domain and entrench decency and sanity in the sector, for the common good of the people in the State. It said the Agency was set up for mineral identification, geological mapping of the state, and data banking, in line with item 39 of the exclusive legislative list regulating mining activities in Nigeria. Special Adviser to Governor Abiodun on Media and Strategy, Hon. Kayode Akinmade, given further clarification on the restraining order of government on Mining mineral resources…

The Coalition for Defence of Justice and Rule of Law, a group of civil society groups in Nigeria, has called on Governor Abba Yusuf of Kano State to resign from office immediately. The demand comes after Governor Yusuf’s neglect of the latest court ruling annulling the reinstatement of Sanusi Lamido as the Emir of Kano. In a statement signed by Comrade Mohammed Bello, the Coalition accused the governor of blatant disregard for the rule of law, persistent abuse of power, and egregious violation of human rights. Bello said the recent judgement by Justice Abdullahi Liman of the Federal High Court,…

By Tolulope Adebayo Under President Bola Ahmed Tinubu’s administration, the Federal Ministry of Water Resources and Sanitation has experienced a remarkable resurgence, led by the visionary leadership of Professor Joseph Terlumun Utsev. As the Honourable Minister of Water Resources, Utsev has leveraged his vast expertise and experience in water resources and environmental engineering to champion groundbreaking initiatives addressing the nation’s complex water challenges. Hailing from Buruku Local Government Area of Benue State, Nigeria, Professor Utsev boasts an impressive academic pedigree. He graduated with distinction from the Federal University of Agriculture (now JOSTUM), Makurdi, in 2004, earning a Bachelor of Engineering…

Professor Law Mefor, a renowned political analyst, says Justice Abdullahi Liman’s landmark ruling annulling the reinstatement of Sanusi Lamido as Emir of Kano suggests his fate is not tied to the throne. Mefor, in an interview on Arise TV, said Governor Abba Yusuf’s assent to the amended Kano Emirate law and Sanusi’s reinstatement defied a court order, demonstrating disregard for the rule of law. According to him, Sanusi’s initial dethroning was a consequence of his actions, which contravened traditional and legal norms. He, therefore, said the court’s overturning of all actions taken after the amended law was passed, including Sanusi’s appointment, has…

In a significant celebration of leadership and excellence, The Pride Newspaper is set to confer the prestigious Outstanding Woman of the Year award on the Managing Director and CEO of Executive Trainers Ltd, Ajoke Ogunsan. The accolade will be presented at a grand ceremony on June 23, 2024, at the Civic Centre in Lagos. Themed “Unlocking National Prosperity: The Roles of Security, Good Governance, and Quality Leadership,” the event aims to highlight the crucial elements necessary for Nigeria’s progress and development. The ceremony will bring together distinguished personalities from various sectors, including government officials, business leaders, and civil society advocates,…

Two officers of the Lagos State Taskforce are in custody and facing disciplinary action after an illegal operation on Wednesday turned deadly. The Lagos Police Public Relations Officer, Benjamin Hundeyin, disclosed this in a post on X.com on Saturday while responding to viral videos that revealed the moment some motorcycle riders repeatedly ran over a body in Lagos. Hundeyin explained that the officers were conducting an illegal duty and had taken civilians along with them. The situation, however, escalated when the group came under attack by motorcycle riders, which resulted in the death of one of the civilians. Hundeyin wrote,…

In continuation of his philanthropic acts to the public, Primate Ayodele has held another edition of his palliative market initiative today Saturday, 22nd of June, 2024 at the Ijoko branch of his church in Ogun state. This has made it the fourth edition since the palliative market initiative started in 2023. The maiden and second edition was held at the Lagos headquarters of INRI Evangelical Spiritual Church while the third one was held in Ekiti state in commemoration of the planting of a new church. At the latest edition which was held in Ogun state, Primate Ayodele, as usual, crashed…