Author: Citynews

The APC Youth Solidarity Network has demanded the immediate resignation or sack of Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited (NNPC Ltd), following the company’s admission of owing a staggering $6.8 billion in debt. This shocking revelation has sparked widespread outrage and raised fundamental questions about Kyari’s leadership and governance style.Olalekan Isaac, the President of the group, at a press conference in Abuja, branded Kyari’s leadership a “catastrophic failure” marked by a lack of transparency, accountability, and fiscal prudence. He condemned NNPC’s initial denial of the debt as a “brazen lie” that has…

Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2024, recording an impressive triple-digit growth of 117% in gross earnings from N967.3 billion reported in H1 2023 to N2.1 trillion in H1 2024. This superior performance has been achieved even as the Nigerian banking industry navigates a challenging macro environment.According to the bank’s audited half-year financial results presented to the Nigerian Exchange (NGX) on Friday, 30th August 2024, the triple-digit growth in the top line also drove growth in the bottom line as the Group recorded a 108% Year on Year (YoY) increase in profit…

A rights group, Centre for Human Rights in Africa, has written to the new Director-General of the Department of State Services (DSS), Adeola Ajayi, calling for an investigation into the activities of Mele Kyari, Group Managing Director of the Nigerian National Petroleum Company Limited (NNPC), and other top officials in the oil sector. In the letter signed by Princess Caroline Obi, the group alleged that Kyari and other officials, including Gbenga Olu Komolafe, Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and Farouk Ahmed, Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),…

A US federal court has ordered a Nigerian businessman, Dozy Mmobuosi who last year sought to buy the English football club Sheffield United, to pay more than $250mn in fines and barred him from serving as a director of a public company.Last year, the US Securities and Exchange Commission had charged Dozy Mmobuosi and three of his companies, including two Nasdaq-listed enterprises, with fraud for inflating the “financial performance metrics of his companies and key operating subsidiaries to defraud investors worldwide”.Judge Jesse M Furman, of the US District Court for the Southern District of New York, has now entered a…

A cross-section of Nigerians has expressed reservations about the inability of BUA Cement to keep to its promise of reducing the price of cement in the country. This is coming on the heels of the statement credited to the Chairman of BUA Cement, Abdul Samad Rabiu, where he stated that cement dealers frustrated his company’s plan to sell cement at N3,500 per bag to Nigerians. Speaking at the 8th Annual General Meeting of the company in Abuja, Rabiu said that while his company sold over a million tons of cement to dealers at N3, 500, per bag, with the intention…

The Synagogue Church Of All Nations SCOAN at the weekend held its WOMEN OF GRACE (WOG) inaugural convention at its Egbe-Ikotun international headquarters. With pomp and pageantry the Women of Grace filled the church to the brim in  from within and outside the country to celebrate the virtues of womanhood in Christ Jesus. A colourful and electrifying event ladened with plethora of local dances, career talks, drama sketches, Bible quiz, motivational talks on ‘building a godly home inter alia, all encapsulated and thematised in the WOG’s choristers special song titled “No Jesus no life”.Prominent speakers  drawn from successful women Christian …

….1ST PRIZE AT ONE MILLION NAIRA AND THE RUNNER UP GETS N500,000.00. The stage is set for the highly anticipated 4th Edition of Ate’s Football Competition, which will commence on Friday, September 6th to Tuesday, December 24th,2024 at the LSDPC Estate Football Playing Ground in Isolo, Lagos. The excitement matches having a total of 33 football clubs will face off in a thrilling display of skill and teamwork competing for the coveted star prize of 1 million naira while the runner up gets 500 hundred thousand naira with other consolidated prizes for the Best Player, Best Goal Keeper, Highest Goal…

The Chairman Abeokuta South Local Government hopeful, Sijuade Abiodun popularly known as OMOBETA has unveiled his 7-point Agenda if elected as the Chairman Abeokuta South Local Government in Ogun State.1. Active, Listening Democracy – Welcome everyone’s voices and contributions with townhall meetings2. Improve Public Services – Renovate, increase and open up access to infrastructure3. Transparency & Accountability – local government funds must work and be seen to work for every naira spent4. Civic Service – reward participation in community development activities5. Next Generation Focus – improve academic performance for our pupils & students in all education rankings6. No Woman Left…

The 39-year-old failed to score as he appeared at a record sixth European Championship, with Portugal exiting in the quarter-finals.Portugal’s forward #07 Cristiano Ronaldo gestures during the MD-1 training session in Marienfeld, a district of Harsewinkel City in Germany on June 21, 2024. Cristiano Ronaldo has kept his place in the Portugal squad for next month’s UEFA Nations games against Croatia and Scotland despite an ineffective display at Euro 2024.The 39-year-old failed to score as he appeared at a record sixth European Championship, with Portugal exiting in the quarter-finals, but he retains the backing of coach Roberto Martinez.“When I quit the…

The Open Hands Amazing Charitable Organization says it is taking its ‘hope’ train to Lagos for life changing interventions for the people in and around the state. Chief (Dr.) Mrs. Magdalene Nwaka Agada, President and Founder of the charitable organization disclosed this to newsmen on Thursday from her base in the United States.She said the event will take place Saturday, August 31, 2024 at Saint Michael Catholic Church Demuri street KETU The philanthropic health train is the brainchild of Dr. Mrs Nwaka Agada, with the support of Dr. Mrs Josephine Nneka Ewere, and Chief Dr. Aloysius Arinzechukwuemeka Agada, who are…