Author: Citynews

…says Africa needs additional $194bn annually to achieve SDG Goals by 2030 The United Kingdom Government says it is committed to supporting Nigeria to develop its thriving capital markets and sees its Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) programme as a strong basis for collaboration with Nigeria’s financial sector. It says Nigeria’s capital market can help contribute to the delivery of the country’s economic goals, including the ambition to transition to clean energy solutions, but needs around $10 billion in financing per year to meet the Sustainable Development Goals (SDGs) by 2030. This was made known on Tuesday…

Federal High Court in Abuja has remanded social media influencer, Martins Vincent Otse, popularly known as Verydarkman in police custody. Trial Justice Mobolaji Olajuwo issued the remand order after the defendant pleaded not guilty to a five-count cybercrime charge the Nigeria Police Force, NPF, preferred against him. For instance, police, in one of the counts in the charge, alleged that the defendant posted videos on his Instagram handles ‘verydarkblackman’, containing information that was “grossly offensive, pornographic or of an indecent, obscene or menacing character.” It told the court that the defendant alleged that one Iyabo Ojo was having indecent sexual…

The annual 100 days fasting and prayer programme of Zion Prayer Movement Outreach (ZPMOM) began worldwide on Saturday, May 18th. The 2024 edition, themed “100 Days of Awesome Miracles and Deliverance”, will be concluded with a 3-day crusade to be held from August 23rd to Sunday, August 25. Evangelist Chukwuebuka Anozie Obi, the Spiritual Director of the ministry, said that through the programme “God will alter lives positively and simultaneously open every closed door in the lives of those who participate actively and sincerely in the fasting and prayer”. “The fasting and prayer is a potent means of exposing yourself…

The APC-PDP Youth Forum has welcomed the court judgement invalidating the amended Local Government Law proposed by the Martins Amaewhule faction of the Rivers State House of Assembly. In a statement signed by its chairman, Comrade Nwogu Benjamin, the group which comprises leaders from the political parties, described the ruling as sound, impartial and outstanding. The judgement was delivered in a suit numbered PHC/1320/CS/2024 which challenged the extension of tenure for LG chairmen for six months after the expiration of their term. Justice D.G. Kio, presiding over the case, declared the amendment invalid, citing its inconsistency with the 1999 Constitution and Section…

…N10,000,000 cash prize up for grabs in final draw of the season! Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, is set to wrap up the season 3 edition of its remarkable reward initiative, the 5 for 5 Promo, in a grand finale slated for Friday, May 31, 2024, in Lagos. Wema Bank 5 for 5 Promo is a reward initiative introduced by the Bank in 2019 with the goal of rewarding its customers for their active loyalty to the brand and its products. Through the 5 for 5 Promo, customers of the…

Following the walkout by the Organised Labour comprising of the Nigeria Labour Congress and the Trade Union Congress during the last meeting with the Tripartite Committee on Minimum Wage after the proposed N48,000 as minimum wage by the Federal Government, our correspondent learned that the government has now upped it to N54,000. A highly reliable source within the meeting, which is currently ongoing, disclosed this to our correspondent in Abuja. “The Federal Government has now proposed the sum of N54,000,” the reliable source said. Though it is not clear whether Labour would accept this offer, the FG’s proposal is a…

Over 500 staff members of Dana Air have blocked the entrance of the aviation company in the Oshodi area of Lagos State in protest against their sacking as well as the refusal of the airlines to pay their April salary. Dana aircraft was involved in a runway skidding incident last month, a development that prompted the Nigeria Civil Aviation Authority to withdraw its operation licence. NCAA said it had initiated an in-house compliance assessment of the occurrence taking into account Dana’s track records in related occurrences. The regulator added that it would ensure a safety audit that will entail a…

The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint, will resume enrolling new customers “in another couple of months.” CBN Governor Olayemi Cardoso stated this on Tuesday at the 295th Monetary Policy Committee (MPC) meeting in Abuja, where the MPC raised the interest rate from 24.75 per cent to 26.25 per cent. The CBN chief said the apex bank has engaged many of the players on the need to strengthen their operations. Cardoso said to block money laundering and illicit flows, the apex bank brought up “remedial…

By Aliyu Maina Oh, our majestic Kano! A land renowned for its rich history, resilient hustle, and unwavering hope. Alas, a dark and foreboding shadow has descended upon our beloved city, casting a pall of despair over its inhabitants. This ominous shadow is the result of a man’s broken promises and misguided leadership, a man who pledged to usher in an era of prosperity but instead unleashed unmitigated chaos upon us. This individual, Abba Yusuf, our governor, a stranger in our midst, callously disregards the plight of our city as it burns, his actions a stark betrayal of the trust…

The Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, has lost his father. Pa Suleimon Atanda Obasa, a businessman, passed on at the early hours of Tuesday at the age of 83. Baba Obasa, a loving family man and community leader in his lifetime, was a successful businessman in the oil and gas and in the transportation sectors owning filling stations. He was also reputed for his success in farming, through which many citizens have always been empowered. A devoted Muslim, Pa Obasa dedicated his life to the service of Allah and mankind taking care of…