Author: Citynews

Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period ended March 31, 2024. In its Q1 2024 unaudited results, Transcorp reported significant year-on-year growth, with revenue rising to N88.6 billion from N32.4 billion in 2023, representing a 173% increase.The impressive results are largely driven by a remarkable 209% year-on-year revenue growth within the power business, highlighting significant strategic progress as part of Transcorp Group’s implementation of its integrated power strategy. The hospitality business recorded a 68% year-on-year growth in revenue,…

By Philip Agbese As the dust settles on the newly renovated main Chambers of the National Assembly, a sense of pride and accomplishment fills the air. As I sit down to write this piece, I can’t help but marvel at the transformation that has taken place within the hallowed halls of the National Assembly, all thanks to the indomitable spirit and vision of Rt. Hon. Femi Gbajabiamila. The recent renovation of the main Chambers of the National Assembly, which now houses the Representatives and the Senate, is nothing short of a dream come true. The newly established National Assembly Library…

In a remarkable celebration of heritage and innov ation, Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT today announced a joint celebration marking Wema Bank’s 79th years and ALAT’s 7 years anniversaries. This significant celebration not only commemorates nearly eight decades of exceptional service and innovation in the Nigerian banking sector but also celebrates the bank’s seven years of digital excellence with ALAT. Since its inception in 1945, Wema Bank has been at the forefront of financial innovation, constantly adapting to meet the evolving needs of its customers. Over the decades, the bank…

The Aare OnaKakanfo of Yoruba land, Iba Gani Adams, has said all what he said about the Chief of Staff to Lagos Governor, Mr Tayo Ayinde were mere hearsay and not verified. Adams who made this known in a recent interview with The Sun, said that it was part of a private discussion with one of his friend’s brothers in the United States. Aare OnaKakanfo said ” The voice note issue was shocking. It was a conversation with one of my friend’s brothers in the United States. He was asking me how to resolve the issue with Sunday Igboho and…

The Kwara State chapter of the Nigeria Union of Journalists (NUJ) is teetering on the edge of collapse as its monthly congress descended into chaos for the second consecutive time, raising serious questions about the leadership of Chairman Abdullateef ‘Lanre Ahmed. The yesterday’s congress was marred by poor conduct attributed to Ahmed, who allegedly failed to uphold due process in the conduct of meetings, displaying incompetence in maintaining cohesion within the Council. Members accused him of selectively applying the union’s constitution in favour of his friends and political allies, undermining the credibility of the NUJ in Kwara State. Among the…

President Bola Tinubu on Wednesday pledged better living and working conditions for all Nigerians of working age, saying the “custodians of the nation’s machinery deserve a fair wage and enhanced welfare.” Tinubu made this pledge in his maiden May Day message dedicated to workers nationwide. The President’s Special Adviser on Media and Publicity, Mr Ajuri Ngelale, conveyed the President’s remarks in a statement he signed Wednesday titled ‘President Tinubu salutes Nigerian workers on May Day.’ According to Ngelale, the President affirmed that his administration remains committed to improving the welfare of all workers, noting the various relief programmes, including the…

Many calamities could easily be avoided if people commit themselves to listening to helpful advice and warnings especially when they come from respected men of God with good track records. People have died, companies have collapsed, governments have been ousted, and monarchs have been dethroned because they failed to listen to divine warnings and counsels from proven God’s servants. Among the respected men of God that often send out warnings to governments, institutions, companies and others is Primate Elijah Ayodele of INRI Evangelical Spiritual Church and since 1994 when his ministry started, Primate Ayodele has remained consistent with his prophecies…

An 11-year-old teenager, Iremide Opeifa, has drowned in a swimming pool at the Grand Bank Link Hotels along Idiroko Road in the Sango Ota area of Ogun State. It was learnt that the incident happened on Sunday evening. Our correspondent gathered on Tuesday that Iremide had finished assisting his mother at her shop in the area before he left for the hotel where he drowned in the pool. The younger sister of the deceased’s mother, Kehinde Opeifa, who spoke to our correspondent, alleged that no efforts were made by the hotel to provide any medical care for Iremide before his…

The PDP National Solidarity Vanguard (PDP-NSV) has dismissed the purported suspension of the member representing Andoni/Opobo Federal Constituency in the House of Representatives, Hon. Awaji-Inombek Abiante. In a statement signed by its national president Comrade Rowland Ovie, the group described the suspension as unlawful, baseless and something of a child’s play. Ovie said the acclaimed ward executives from Ngor Ward 1, Andoni Local Government Area of Rivers State are impostors and not even members of the party. He added that Abiante is a time-tested party loyalist who has always stood for justice, equity and good governance hence his support for Governor Siminalayi Fubara. The…

The Asiwaju Legacy Vanguard (ALV) has raised the alarm over an alleged attempt by Governor Abba Yusuf of Kano State and his political godfather Rabiu Kwankwaso to destabilise the administration of President Bola Tinubu. In a statement signed by its President, Comrade Simon-Peter Adedeji, the group said it made this finding from credible intelligence gathering. Adedeji said the attack on the All Progressives Congress (APC) national chairman, Alhaji Abdullahi Ganduje, is only a smokescreen in their well-planned agenda. The group noted that Governor Yusuf and Kwankwaso’s aim is to infiltrate the APC by blackmailing the current leadership led by Ganduje. Adedeji…