Author: Citynews

The Nigeria Insurance Industry Reform Bill, 2024 (SB 393), sponsored by the Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Mukhail Adetokunbo Abiru, FCA (Lagos East), and 41 other Senators, passed second reading at the Senate on Thursday. Senator Abiru, in his lead debate, addressed the Senate on the general principles of the bill that seeks to provide a comprehensive legal framework for the regulation and supervision of all manner of insurance businesses in Nigeria. Speaking on the bill, Senator Abiru decried the low penetration of insurance services in Nigeria, despite being one of the oldest industries…

The Federal Inland Revenue Service, FIRS, said it has expanded the country’s tax net with the capturing of more than 170,000 new taxpayers through the introduction of new business modules and simplifying tax payment processes. Executive Chairman of FIRS, Dr. Zacch Adedeji, who disclosed this at a media chat in Lagos, noted that the agency recorded a 56 percent, year-on-year (YoY), increase in revenue collection to N3.94 trillion in the first quarter of 2024 (Q1’24) compared to the N2.52 trillion collected in Q1’23. Represented by the Special Adviser on Tax Policy, Femi Olarinde, he noted that FIRS achieved 81 percent…

The Mountain of Fire and Miracles Ministries International (MFM) has denied being behind the ‘unjust’ nine-year jail term of its former members, Femi Jimoh and Caleb Oloruntele. Church Management said Femi Jimoh is a blatant liar spreading false information having attempted robbing the church off its first fruit offerings of the year. They also cleared the air that the church was not involved in how he was arrested and arraigned in court but the Nigeria Police did so. Mr Jimoh, in an interview with TV West, alleged that the church fabricated charges of armed robbery against him after he met…

…Govt to build waste-to-energy plants at Olusosun, Epe and Badagry The Lagos State Commissioner for the Environment and Water Resources, Mr. Tokunbo Wahab, has unveiled plans to radically improve waste management system in the state, at a Waste to Energy Summit themed, “Driving Environmental Sustainability”. The event, organised by Rack Centre in partnership with the NYSC Community Development Service (CDS), at the Radisson Blu Hotel, Ikeja, brought together key stakeholders to discuss sustainable solutions to waste management challenges. In his keynote address, Wahab, who was represented by the Managing Director/CEO of the Lagos Waste Management Authority (LAWMA), Dr. Muyiwa Gbadegesin,…

A&R Guru Makinde Babatunde Qudus popular known as Tmaq has revealed what artiste needs to be known. Tmaq said more than just skills is needed to break out as an artist in the continuously changing music industry, great music that really connects with listeners is also necessary. I can say with confidence that excellent music is the foundation of an artist’s success, I have spent years navigating the complexities of the music industry. Here are some of the reason : Authenticity is the foundation of good music. Audiences are hungry for authenticity and uniqueness. Music that is authentic to your…

L-R: Boma Harrison, Head of Marketing, Rite Foods Limited; Seleem Adegunwa, Managing Director and Chief Executive Officer, Rite Foods Limited; Chima Udoye, Winner of Nigerian Idol Season 9; Biola Aransiola, Brand Manager, Bigi Drinks and Ekuma Eze, Head, Corporate Affairs and Sustainability, Rite Foods Limited, during the celebratory visit by Chima Udoye to Rite Foods’ corporate headquarters in Lagos. Bigi, the award-winning carbonated soft drink brand from Rite Foods Limited, hosted a celebratory visit for Chima Udoye, the recent winner of Nigerian Idol Season 9, a musical reality show sponsored by the company. Just two days after his victory at the…

Chinonso Onu from Nkanu West Local Government Area of Enugu State on Sunday at Zion Ministry shared the story of his miraculous release from prison after he was jailed for 12 years in Vietnam for “Yahoo Yahoo”. He was forgotten in prison and his people back home thought he was dead with people going on condolence visits to his mother. But on November 30, 2023, Evangelist Ebuka Obi, the Spiritual Director of Zion Ministry, mentioned his case on Open Heaven prayers that usually holds online at 11 p.m. every day: “There is somebody called Nonso in prison. You have been…

The President of the Petroleum Products Retail Outlets Owners Association, (PETROAN), Billy Gillis-Harry, has called on the current administration of President Bola Ahmed Tinubu and other stakeholders to be wary of Dangote Refinery and its fuel price regime in the coming months, with a view to avoiding cannibalization of small businesses in the oil and gas sector. Gillis-Harry, who stated that though the current administration wants Dangote refinery to start producing on all four valves widely open and wide, expressed that there is a need to be very cautious about the development of the business. He made the submission during…

By Dr George Ogunjimi New public order powers to prevent individuals causing repeated serious disruption must come into force in Nigeria in view of the large scale planning of disruptive and violent protests by certain elements in the society as the government must be proactive with its plan to protect the public from criminality at protests. Serious Disruption Prevention Orders will empower the police and other security services to intervene before individuals cause serious disruption, damages to both public and private property. They must identify those who have previously committed protest-related offences or ignored court-imposed restrictions, if there are any…

Jambo, the largest web3 mobile infrastructure bringing emerging markets on-chain, announced that it’s expanding to the Solana blockchain along with Tether to offer blockchain-enabled financial and educational technologies that cater to emerging markets. Central to this is the JamboPhone, a $99 web3 smartphone that has been powerful in onboarding all types of users on-chain in a mobile-first way. Combined with the Solana blockchain’s high throughput capabilities and Tether’s dominant stablecoin, USDT, access to web3 financial and educational products will be democratized to those who need them most in Southeast Asia, Africa, and Latin America. Introducing the JamboPhonePriced at $99 and…