Author: Citynews

Rite Foods Limited, under its Rite Recycle initiative, in collaboration with icreate, is proud to announce the “iCreate Club Program”, an initiative campaign designed to educate and empower children on the importance of recycling and its role in building a more sustainable world. This impactful campaign will engage students across public and private schools in Lagos, Nigeria, through a two-pronged approach: A book reading tour will span 50 public schools, using a specially-written Rite Foods storybook, titled “Don’t Waste Your Waste” to introduce the concept of recycling to young minds. Students will be challenged to transform used Rite Sausage Roll…

Queues have begun to vanish from filling stations across Nigeria’s major cities after the Nigerian National Petroleum Company Ltd intervened in the logistic issues that had breached the supply of premium motor spirit (PMS). Findings by this newspaper across filling stations in Abuja showed that queues are disappearing and normalcy has returned. Queues have disappeared from most filling stations across major locations like Kubwa, Central Area, Wuse, Maitama, and Gwarimpa. Speaking on the development, a top official said, “The fuel stations round shows that the situation is calm. All stations have products and are selling.” Recall that this newspaper had…

…calls for responsible waste disposal As the rains approach, the Lagos Waste Management Authority (LAWMA) has completed the rehabilitation of Olusosun dumpsite, to ensure smooth waste disposal operations across the state. Managing Director/CEO of LAWMA, Dr. Muyiwa Gbadegesin, who made this known in a statement on Thursday, said the maintenance effort was aimed at improving operational efficiency in anticipation of the rainy season. He said, “Our primary objective in rehabilitating Olusosun dumpsite is to ensure that waste disposal trucks can navigate through the dumpsite seamlessly, even in adverse weather conditions, especially during heavy rainfall when logistical challenges tend to arise”.…

In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn at the end of Q1 2023 to N39.5bn for Q1 2024. This was made known in the Bank’s unaudited financial statements released on the issuer portal of the Nigerian Exchange (NGX) on Tuesday, 30 April 2024. According to the statement, Gross Earnings increased by 89.9% yoy to N192.1bn from N101.1bn in Q1 2023. The increase was led by a combination of interest income (90.7% yoy) and non-interest income (84.0% yoy). Growth in interest income was…

Many people were injured after hoodlums clashed in the Ile-Epo area of Lagos State. Punch Metro gathered that a fight started in the market situated in the area on Wednesday night and continued till Thursday morning. Some shops were set on fire while some goods were destroyed in the process. Our correspondent who visited the scene of the incident gathered that an early intervention by the police was restricted by the hoodlums. A fire service truck that drove into the market this morning was also forced to reverse after being pelted with stones.

Former US President Donald Trump took advantage of a break in his hush money trial to hold a major campaign rally Wednesday — blaming his legal troubles and America’s ills on his election rival, President Joe Biden. The former Republican president, who is again running for the White House, addressed a crowd in Wisconsin, one of the most hotly contested states in his expected rematch with Democrat Biden in November. “If we don’t win this election, I don’t think our country is going to survive. I will say it — and I’ve never said that publicly, I don’t think —…

Comedian and actor, Adebowale Adedayo, aka Mr Macaroni, has disclosed his reason for saying Afrobeat music singer, Wizkid, disrespected the Mavin Records boss, Michael Ajereh, popularly known as Don Jazzy by calling him an ‘influencer’. Macaroni stated this on Wednesday during a live show on Wazobia TV in Lagos. The comedian justified his position on Wizkid that although Don Jazzy is an influencer perhaps ‘the biggest entertainment influencer we have in Africa’, adding that the context in which Wizkid presented him was disrespectful. He added that Don Jazzy is not just an ordinary influencer, saying the Mavin Records label boss…

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…