Author: Citynews

Adron Homes team consisting of Senior executives and the Chairman and Group Managing Director; Aare Adetola Emmanuel-King has paid a courtesy business visit to the Palace of the Awujale of Ijebuland over the week. This significant visit, underscored the profound respect accorded to His Imperial Majesty, Oba Sikiru Adetona Ogbagba II, the revered Awujale of Ijebuland, who recently celebrated his momentous 90th birthday. Characterized by an atmosphere of reverence and admiration,Adron Chairman gave a touching address where he expressed deep gratitude to Kabiyesi, extolling his virtues as a father figure to all ijebu sons and daughters across the world. Aare…

…Charges Fubara to help state recover stolen funds, community lands Coalition of Civil Society Organisations has declared support for the move by Governor Sim Fubara of Rivers State to probe the immediate past administration in the state. The CSOs in a statement by its convener, Comrade Declan Ihekaire, said probing the administration of Nyesom Wike will enable the state to recover stolen funds to support the governor’s developmental projects. Ihekaire said: “We are in full support of Governor Fubara probing and investigating the immediate past administration in the state. “Even though the Governor was past of the administration but probing…

Former Chelsea and Tottenham coach Antonio Conte was hired by Napoli on Wednesday as the deposed Serie A champions try to bounce back from their disastrous league title defence. “Welcome Antonio,” the club’s president and owner Aurelio De Laurentiis wrote on X, formerly Twitter, accompanied by a photograph of Conte signing his contract. Conte, who has also coached Juventus and Inter Milan, has signed a three-year deal which according to Italian media is worth eight million euros ($8.7 million) per season. He is the fifth Napoli coach of the last year in a chaotic period for the club which in…

In a dramatic and controversial move that has sent ripples through the financial sector, Yemi Cardoso, the newly appointed Governor of the Central Bank of Nigeria (CBN), recently revoked the operating licence of Heritage Bank. This decision, ostensibly aimed at restoring stability and integrity to Nigeria’s banking system, in the view of the apex bank, has sparked widespread concern and anxiety among depositors, employees, and stakeholders. While regulatory oversight is crucial for a healthy financial ecosystem, the manner in which this decision was executed raises serious questions about the preparedness and foresight of the CBN under Cardoso’s leadership. The Context…

The Agboyi Ketu Local Council Development Area (LCDA) has recently launched an initiative to empower residents in the community by providing financial support to business owners. The Chairman of Agboyi Ketu, Mayor Dele Oshinowo, has taken the lead in this initiative by empowering 400 residents with N50,000 each, totaling N20 million in financial assistance. The aim of this initiative is to support small business owners in boosting their businesses and improving the local economy. By providing financial assistance to residents, the Agboyi Ketu LCDA aims to create a conducive environment for entrepreneurship and economic growth within the community. In response…

President Bola Tinubu has directed the Minister of Finance, Wale Edun, to present the cost implications for a new minimum wage within two days. Tinubu gave the order at a meeting with the government negotiation team led by the Secretary to Government of the Federation, George Akume, at the presidential villa in Abuja. The Minister of Information and National Orientation, Mohammed Idris, disclosed this in an interview with correspondents after the closed-door meeting on Tuesday. Idris said the President had a meeting with the representatives of the Federal Government in the negotiation with the labour on the minimum wage. He…

For many years, Mouka has steadfastly committed to corporate social responsibility, as evidenced by its five CSR pillars: “Comfort for Children, Health Programs, Skills for Life, Disaster Relief, and Community Support.” Under the ‘Skills for Life’ pillar, Mouka has consistently invested in scholarship and entrepreneurship programs, demonstrating its long-term dedication to empowering Nigerians to contribute to the nation’s economy. As far back as 2019, Mouka began partnering with Herconomy (previously called AGS Tribe), Nigeria’s first Fintech company for women, dedicated to empowering female entrepreneurs and professionals through financial services, capacity building, community, and opportunities. Mouka teamed up with Herconomy to…

AIICO Insurance Plc, a prominent non-banking financial services provider in Nigeria, finds itself entangled in 34 legal disputes while experiencing a significant increase in directors’ compensations and allowances, soaring by 38.54% between March 2023 and March 2024. According to the insurer’s first-quarter financial report for 2024, the company remains undeterred by the legal challenges, asserting that they pose no substantial threat to its operations. Despite facing claims totaling approximately N2.33 billion, AIICO remains confident in its legal stance, as outlined in its financial statement submitted to the Nigerian Exchange Group. The company highlighted ongoing legal battles with entities such as…

His Royal Majesty Oba Babatunde Saliu Oloworo of Oworonshoki Kingdom Refutes Malicious and libelious Report by Sahara Reporters. His Royal Majesty, Oba Babatunde Saliu Oloworo, the revered Monarch of Oworonshoki Kingdom, is compelled to address a fabricated report published by Sahara Reporters on June 3rd 2024. The report falsely alleged that thugs working for the monarch attacked a pregnant woman and her fellow traditionalists. His Royal Majesty Oba Babatunde Saliu Oloworo vehemently denies this malicious report, stating that it is entirely untrue and a gross misrepresentation of facts. The monarch assures the public that he does not condone or employ…

The Arewa Leadership Foundation has advised Governor Abba Yusuf to redirect his attention to addressing the pressing needs of Kano State and its citizens rather than engage in personal vendetta. In a statement signed by Dr. Isa Abubakar, the group cautioned the Governor to stop seeing Alhaji Umar Ganduje and Emir Ado Bayero as his problems in delivering the dividends of democracy to Kano people. Abubakar said as a Governor, his primary responsibility is to serve the people of Kano State, not to engage in political squabbles. According to him, recent assessments by local and international organisations have raised concerns…