Author: Citynews

…Transactions Halt since 48 HoursSince September 2, 2024, Sterling Bank’s system has been down, leaving customers stranded and frustrated. Transactions have been hanging for the past 48 hours, causing chaos and discomfort for those relying on the bank’s services.On social media, customers have been venting their frustrations, pleading with the bank to resolve the issue. One customer wrote, “Since Friday! @cenbank pls, come to our rescue. I’m stranded! I’m hungry! I can’t do any transactions on the app. Money sent to me are yet to reflect on the account. I can’t do anything.”Another customer threatened to close their accounts, saying,…

Facts have emerged of how Governor Dauda Lawal of Zamfara State misused security funds to finance his personal gold mining interests and pay off notorious bandits.A leaked memo reveals that a substantial amount of money was approved to finance a reconciliation project, totalling over one billion Naira. However, sources claim that the funds were used to settle bandits and finance gold extraction in a newly discovered large gold deposit.The former Chairman of the Zamfara State Security Trust Fund, MD Abubakar, was sacked after he allegedly refused to comply with the governor’s scheme. Abubakar had written a memo requesting funds to…

The National Communications Commission (NCC) has granted three licences to Airtel Nigeria Telesonic Limited, a subsidiary of Airtel Africa.These new licences will enable the company to expand its fibre network and enhance infrastructure to meet the growing demand for data services in Nigeria.As detailed on the NCC’s website, the approved licences include National Long Distance, Internet Service Provider, and Sales & Installation Major licences.“The companies listed below are those that have fully paid their licence fees and have received their licence documents for their respective telecommunications operations prior to the reclassification of licences into class and individual categories,” the NCC…

The Situation Room on Energy Sustainability, a coalition of civil society organizations, has commended the President of Dangote Group, Alhaji Aliko Dangote, on the resumption of Premium Motor Spirit (PMS) production in Nigeria for the first time in almost three decades.In a statement signed by Dr. Ikenna Nnaji, the group described the milestone achievement as a testament to Dangote’s visionary leadership and commitment to Nigeria’s economic growth and development.The Dangote refinery, with a capacity to produce 650,000 barrels per day, is expected to significantly reduce fuel scarcity, leading to lower prices and increased economic activity, which will improve livelihoods, reduce…

The Lagos State House of Assembly has emphasised the need for a proactive approach in addressing domestic and sexual violence in the state.At a sitting presided over by the Speaker, Rt. Hon. Mudashiru Obasa, the House stressed the importance of establishing guidance and counseling units in schools and religious institutions as a way to reach out to the public and prevent such violence.The House also called on the Ministry of Information to continue its enlightenment campaigns.In his position, Dr. Obasa pointed out the complexities involved in cases of domestic violence, particularly the impact on children.“We thank the agencies in Lagos…

…as Matawalle reinstates Tinubu’s resolve to wipe out terroristsIn a significant move to tackle the growing insecurity in the North-West region, Minister of State for Defence, Bello Matawalle, has arrived in Sokoto.Matawalle is joined by Chief of Defence Staff, Gen. Christopher Musa and other top military chiefs in a bid to boost troops’ morale and intensify the fight against banditry, kidnapping, and terrorism.The Minister’s visit comes on the heels of his recent expression of sadness over the activities of terrorists and bandits in Sokoto, Zamfara, Katsina, and Kebbi States.Matawalle assured the people of the region that the security forces would leave…

The Nigerian Employers’ Consultative Association (NECA) has expressed concerns over the Federal Competition and Consumer Protection Commission’s (FCCPC) recent focus on pricing regulations, suggesting that the commission’s actions may inadvertently harm the economy if broader issues affecting market dynamics are ignored. Speaking during an appearance on the popular TVC business program “Business Nigeria”, Director General, NECA, Adewale Oyerinde expressed displeasure with the FCCPC’s recent directives mandating retailers to reduce prices. Oyerinde noted that while the intent behind these directives—to protect consumers—is commendable, the approach failed to account for the complex factors driving up prices, which include foreign exchange volatility, rising…

L-R: Finance Director, Nigerian Breweries Plc, Ben Wessels Boer; Group Managing Director/Chief Executive Officer, Vetiva (Lead Issuing House), Chuka Eseka; Managing Director, NB Plc, Hans Essaadi; Company Secretary/Legal Director, NB Plc, Uaboi Agbebaku; Independent Non-Executive Director, NB Plc, Adeyinka  Aroyewun and Chief Executive, Stanbic IBTC Capital Limited, Oladele Sotubo during the signing ceremony of Nigerian Breweries Plc’s ₦599.1 billion Rights Issue held at the company’s headquarters in Lagos today. Following receipt of the approval of its shareholders in April 2024, Nigerian Breweries Plc (“Nigerian Breweries” or the “Company”) has now received clearance of the relevant documents from the Securities and…

Mamador, a leading premium food brand in Nigeria in the Vegetable Oil and Spread segments, has called on Nigerian women to give utmost priority to their wholesome health and maximize the opportunities available with their financial resources. This was the submission of the Head of Marketing, PZ Wilmar, Chioma Mbanugo who delivered the welcome remarks during the 5th edition of its annual August Meeting held on Friday, August 30, 2024. Speaking on the theme titled “Nourish to Flourish: Elevating Health and Wealth”, Mbanugo noted that the annual August Women meeting by Mamador is not only a communal gathering but a…

Two staff of Keystone Bank Limited, Ebele Bernardine Okpala and Perpetua Onyeto, have been arraigned before a Lagos Federal High Court, on charges bordering on alleged conspiracy, theft, money laundering and obtaining the sum of N35 million by false presence.The two bankers were arraigned last Friday, by the Special Fraud Unit (PSFU) of the Nigeria Police, Ikoyi, Lagos.The prosecutor, Barrister Eliot Ijie, a Chief Superintendent of Police (CSP) told the court that the two bankers committed the offences sometimes in July 2023.Particularly, CSP Ijie told the court that the first defendant, Ebele Bernardine Okpala, who worked in one of the…