Author: Citynews

Recent industry occurrences have given rise to an influx of false information and propaganda targeted at causing unrest in the Nigerian financial services industry. Among this fake news is a WhatsApp messages alleging that a number of commercial banks stand at risk of losing their banking license and being closed; one of the banks mentioned was Wema Bank. We categorically confirm that this claim is FALSE and contrary to the reality of Wema Bank’s financial strength. THE PREMISEIn a statement allegedly signed by The National Secretary of the Nigeria Union of Pensioners/Federal Civil Service Pensioners (NUP/FCSP), Abuja Branch, Wema Bank…

BY DARE ADEJUMO There is something quite extraordinary and intriguing about TEMITOPE BALOGUN JOSHUA the Prophet!Most people spent around nine months in their mothers’ wombs before they were born but TBJOSHUA’S case was different. He stayed in the womb to spend double periods, eighteen solid months!Born on June 12, 1963 in a rustic village to peasant parents reminiscence of the biblical birth in the manger of our Lord Jesus Christ, TEMITOPE was obviously an unusual child.Mysteriously, a few days after his birth, a fiercely errant heavy boulder from the nearby rock pierced the roof of the house, just at the…

Fidelity Bank was by far the most traded stock in the NGX on Monday, 10 June 2024, with a turnover volume of about 605.257 million shares, even as the stock gained 6.52% to close at N9.80. Since announcing its public offer and rights issue program, the bank’s stock has seen significant market activity. For the week ending June 7, 2024, it emerged as the top-traded stock, with a turnover volume of 229.613 million shares. After Fidelity Bank, Access Holdings recorded the highest turnover volume in the market with 93.067 million shares. It was followed by UBA, which recorded a 2.86%…

Over the years this self acclaimed blogger by name Funke Ashekun has continue to constitute a complete nuisance on the social media space. For few who have taken time to watch her flippant attitude online one can easily tell that she is not only bored but have a strange obsession towards her former church MFM . In the past few years she has been castigating her former church and the well revered and respected leader Dr DK Olukoya. Aside the fact that she lacks decorum her *unchristianlike attitude has been perceived by many as *irritable* . How can a mother…

The National Judicial Council, NJC, has been called upon to immediately begin a probe of the Rivers State High Court, following the judgment that re-instated the sacked lawmakers in the State House of Assembly. Coalition for Justice and Accountability, (CJA), through its President Comrade Dada Segun Akin, faulted the judgement of the court that ordered the 27 lawmakers to return to the Rivers State House of Assembly. The Coalition condemns in strong terms the judgment delivered by a Rivers State High Court, which ruled that, the 27 members of the Rivers State House of Assembly who move from the Peoples…

TeamNigeria4Change on Monday commenced distribution of free food package to vulnerable Persons ahead of sallah celebration. The beneficiaries were given complete pack of OUNJE-EKO (Lagos Food) containing rice, spaghetti, butter, noodles and Semo The group said the distribution of free food items during festival period has been their tradition and another way of complementing efforts of Governor Babajide Sanwo-Olu led administration.

World Heavyweight Champion, Damian Priest along with members of the Judgement Day namely Finn Balor, JD McDonagh, Dominik Mysterio and Carlito ended last Monday Night Raw on a high note after seeing off opponents threatening various members of the group. After defeating Rey Mysterio last Monday, Priest was subject to an attack by his Clash at the Castle Rival, Drew McIntire. While the rest of his team trooped to his rescue, McIntire seemed to have had the upper hand, before Priest emerged to slam his challenger crashing through the announcement table. Both men have been at loggerhead since Priest cashed in on his Money In The Bank contract just a few minutes after McIntire stripped Seth Rollins off the World Heavyweight title at Wrestlemania. Priest overpowered…

Fitch Ratings has revised the outlook on Fidelity Bank PLC’s LongTerm Issuer Default Rating (IDR) to Positive from Stable, while affirming the rating at ‘B-‘. The credit rating agency has also affirmed Fidelity Bank’s National Long-Term Rating at ‘A(nga)’ with a Stable Outlook. In a statement released on Friday, Fitch said that the outlook revision reflects its, “expectations that the bank’s capitalisation will strengthen in the near term as a result of core capital issuances, including to meet the new paid-in capital requirement of N500 billion for banks with an international licence effective by end-1Q26.” According to the statement: “Fidelity’s…

The Primate Elijah Ayodele Gospel Ministers’ Forum (PEAGOM) is set to hold the maiden edition of its Ministers’ conference on August 17, 2024 at Airport Hotel, Lagos, Nigeria. PEAGOM, a forum that houses the spiritual sons and daughters of renowned prophet, Primate Elijah Ayodele, was established to foster learning and raise more representatives for God on earth. According to the coordinator, Pastor Elisha Olugbenga Tolulope, the Ministers’ conference initiative came into existence by the mind of God. He noted that several spiritual sons and daughters of Primate Ayodele have been reaching out to him for a forum like PEAGOM for…

No fewer than 200 Customs officers, who retired in 2022 are yet to receive their pension entitlements fro m their Pension Fund Administrator (PFA) which is Premium Pensions Limited (PPL). The concerned ex-customs officers, alleged that they have done all the necessary documentations, yet, could not receive their pensions from the PFA. They equally alleged that several efforts to have their pay have been futile as Premium Pension remains recalcitrant. However, there are insinuations that non-payment of Accrued rights of these ex-customs by the federal government, could stall their payment as computation of monthly or period pension payment as well…