Author: Citynews

Abbey Mortgage Bank is repositioned for growth with the recently concluded right issue exercise which will increase the capital of the bank by circa N3billion. The success of the right issue is an indication of the confidence that the shareholders have in the management and the strategic intention of the bank. In the last few months, the bank grew it’s deposit liability to N14billion from N6billion in 2020 through aggressive sales drive and increased brand visibility. In order to attain the next phase of growth, the management has identified key areas to drive revenue which includes mortgage/construction finance, treasury related…

Olam, a foremost agribusiness and leading player in the wheat value-chain recently convened the first edition of the Olam Green Land Webinar series. Themed “Deepening the wheat farming development programme in Nigeria through innovation, increasing investments and collaborations”, the event is part of an engagement series organised by the agribusiness firm to deepen insights into the various challenges hampering the development of the domestic wheat value chain, while stimulating private and public sector actions to proffer solutions to the various challenges. Amongst the speakers that spearheaded the domestic wheat production development discourse were Dr. Filippo Maria Bassi, a senior scientist…

Flykite Productions, organisers of GOtv Boxing Night, have announced that a total of 150 fans will be allowed into the Mobolaji Johnson Indoor Sports Hall of the Rowe Park Sports Hall, Lagos, venue of GOtv Boxing Night 22 holding on Friday. The decision to allow a limited number of fans is in line with COVID-19 safety protocols. The event, which hosts seven bouts, including two World Boxing Federation (WBF) world title fights, had initially been billed to be held behind closed doors. Speaking in Lagos yesterday, Jenkins Alumona, Flykite CEO, explained that physical distancing requirements and other safety measures will…

To reiterate its commitment towards developing the agricultural sector, Stanbic IBTC Bank PLC, a member of Stanbic IBTC Group, has concluded plans to sponsor the Alternative Agriculture Equipment Trade Show organised by Developing Markets Associates (DMA). The company said the sponsorship draws from the Federal Government’s renewed drive to mechanise its agricultural sector. According to the organisers, the event, which will hold virtually on Friday, 26 March 2021, promises to provide participants the opportunity of accessing the United Kingdom’s most competitively-priced agricultural equipment on a digital platform. DMA is a UK-based trade and investment company that acts as a connecter between the UK and…

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced the fourth edition of its annual FirstGem Conference, tagged FirstGem 4.0. The 2021 event is themed ‘The Art of Negotiation’ and convened to provide women with insights on the secrets of wealth management, investment and savings. It is scheduled to hold on Wednesday, 31 March 2021. Participants are required to register via the link http://bit.ly/firstbankwebinar The product, FirstGem, is an account designed specifically to meet the needs of women, aged 18 years and above. The product is targeted at a broad spectrum of women, working professionals,…

By Elvis Eromosele Numbers tell a story. If you can connect one story with another, you can make plausible inferences. Two reports released last week showed the power of these connections. The Nigerian Bureau of Statistics showed that the unemployment rate for the fourth quarter of 2020 hit 33.3 per cent. This is an increase from the 27.1 per cent recorded in Q2, of the same year.  The Nigerian Protein Deficiency Report 2020 released in the same week indicated that cost and household income levels remain the major deterrents to adequate protein intake in Nigeria. According to the report, 45 per cent of…

Shehu Sani, a former senator, has said President Muhammadu Buhari will soon enjoy a brief respite from the attacks of young Nigerians on social media due to the imminent return of two reality shows: Big Brother Naija and Nigerian Idol. Sani, who represented Kaduna Central Senatorial District in the eighth National Assembly, said this in a Twitter post on Thursday. According to the politician, the upcoming Big Brother Naija and Nigerian Idol shows will shield the president from criticisms on national issues as the youths will be more focused on the entertainment-themed shows. “With #BBNaija2021 and #NigerianIdol coming soon, Baba @MBuhari…

International football continues this weekend as SuperSport continues to provide the best football viewing experience for GOtv Max customers. The road to Qatar for European nations begins this continues this weekend on SuperSport, running from Saturday, 27 to Wednesday, 31 March 2021 The top match from Saturday, 27March is the clash between Netherlands and Latvia. The always-entertaining Netherlands will back themselves to beat Latvia in Amsterdam, which will be showing live at 6pm on SS La Liga (channel 32). While Belgium will also have a tough game away to the Czech Republic and customers can watch live at 8:45pm on SS Football (channel 31).…

Ago Owu Community which had suffered the hardship of getting water for their daily use could not hide their joy as they trooped out massively on Friday March 26th, 2021 to witness the commissioning of the water project donated by Olumide and Stephanie Foundation. Also, the Market Men and Women of Lafenwa market were very happy and grateful to the foundation for putting smile on their face as they witnessed the commissioning of the water project, the Market Leaders appreciated the foundation for the donation of the water project which is one of the major problem that the market is…

The Minister of Niger Delta Affairs, Senator Godswill Akpabio, has debunked reports that Professor Peter Ogban, who was jailed for election fraud, worked for him. The INEC in Akwa Ibom State twisted the context of the judgment and maliciously claimed that the election was rigged in his favour, the Minister said in a release signed by Chief Press Secretary, Anietie Ekong. A High Court in Akwa State on Thursday sentenced Peter Ogban, a professor of Soil Science with the University of Calabar, who served as a returning officer in the 2019 general elections in Akwa Ibom North-West District, to three…