Author: Citynews

THERE is both good and bad news about President Bola Tinubu’s promise to restructure Nigeria. In guarded remarks at Akure, Ondo State, on Wednesday, during his meeting with Afenifere leader, Reuben Fasoranti, the President said he would restructure the country after first carrying out successful economic and fiscal reforms. This is a calculated political gambit, strong enough to buy him time and give the protagonists and antagonists of restructuring something to chew. On the positive side, Tinubu is the first sitting President to acknowledge that Nigeria is ripe for a constitutional overhaul. This is courageous. His predecessors disdained it while…

The Federal Government has paid $120m out of the $1.3bn indebtedness to gas companies for the supply of gas to run gas-fired power plants across the country. Nigeria is currently suffering from low power supply because many gas suppliers have reduced, while others stopped supplying the commodity to power-generating companies due to the indebtedness of the Gencos to gas-producing firms. The Minister of Power, Chief Adebayo Adelabu, recently revealed that the crash in power generation and attendant poor supply since January was because gas suppliers stopped supplying gas for the generation of electricity due to the indebtedness of the sector…

The Special Adviser to Lagos State Governor on Housing, Barakat Odunuga-Bakare, has disclosed that the Lagos State Real Estate Regulatory Authority has received over 1,577 petitions regarding real estate fraud from 2020 till date. She disclosed this during a press briefing in Alausa, Ikeja, on Thursday. “We have received well over 1,577 petitions from the inception of the agency in 2020 till date, we have been able to resolve 1,027, and we have eight cases in court concerning real estate fraud,” she said. She lamented that the sector is polluted with both good and bad developers, adding that she has…

Zion, a non- denominational prayer ministry, had its first official outreach programme on February 24 in Abuja. The gathering was literally an earthquake on FCT grounds, beginning from the Airport with the multitude and long convoy of vehicles that came to welcome the Spiritual Director, Evangelist Ebuka Obi. The one-day crusade held at the spacious Exhibition Pavilion Centre was attended by thousands of people from Nigeria and across the borders, with the crowd spilling out to adjoining streets. It recorded several verifiable testimonies of instant miracles, healings and prophecy with instant solutions as well as hundreds giving their lives to…

It was gathered that MTN Nigeria Shareholders Funds has been wiped out following the report of a loss before tax of N177.8 billion compared to a pre-tax profit of N518.8 billion a year earlier. This Nigeria news platform understands that the company attributed the losses to a massive foreign currency loss of N740 billion up from N81 billion reported in 2022. This is the company’s first-ever loss since it became a quoted company in Nigeria. According to MTN, “the loss was significantly due to operational changes to the Nigerian Foreign exchange market, including the abolishment of the segmented/parallel structure announced…

‘’A man who does not listen after many strong words are spoken to him will be destroyed all at once and without help.’’ ( Proverbs 29 Vs 1) The president of Chad, General Mahamat Idriss Deby may be walking into a dangerous zone if he doesn’t redirect his steps with the prophetic warnings which Primate Ayodele gave many months ago concerning his administration. Primate Ayodele who foretold the death of his father, Idriss Deby Tuno, had warned the current head of state that he will singlehandedly cause issues which will turn him against the people during his administration. In one…

The Nigerian Communications Commission (NCC) will bar over 42 million inactive mobile numbers from February 28, 2024, the TheCable reports. According to sources in the Commission, a total of 45 million lines in the country will be barred for not linking their subscriber identity module (SIM) with their national identification numbers (NINs). Out of the 45 million, the sources said, 42 million lines have neither made a call, had a data session or sent an SMS in over one year. In December 2020, the federal government announced the integration policy of SIM cards into the NIN database, as a measure…

By Adeyemi Obadimu Veron The Ogun State House of Assembly has announced Ayodele Wasiu Sunday, popularly known as IWA, as the Chairman of the Committee on Transportation. IWA, who represents Abeokuta South Constituency II, brings with him a wealth of experience and dedication to public service. In his new role, IWA will be responsible for overseeing and providing strategic direction for transportation issues in Ogun State. With his proven track record of leadership and advocacy, IWA is well-equipped to drive positive change and policy development within the transportation sector. IWA has been a dedicated and passionate member of the Ogun…

Juventus player Paul Pogba has been banned from football for four years following a failed drug test, according to reports by Italian media. In September, the ex-Manchester United player received a provisional suspension due to elevated testosterone levels found in his drug test. Testosterone is a hormone that increases the endurance of athletes. The 30-year-old was randomly tested after Juventus’ first match of the season on August 20, 2023. According to BBC Sport, Pogba is expected to challenge Italy’s national anti-doping tribunal’s ruling. Juventus informed the BBC that they were notified by the anti-doping tribunal on Thursday morning. This decision…

A nominee for membership of the Central Bank of Nigeria Board of Directors, Urum Kalu Eke has declined the offer stating that he was currently engaged in the World Bank. This came to the fore during the Thursday plenary when the Senate began the process for the confirmation of the nominees. President Bola Tinubu had on February 13 forwarded the names of Urum and four others for confirmation as members of the board for the CBN. But during the confirmation, former Governor of Abia State, Senator Orji Kalu,( APC, Abia North ) told the Senate that the person who is…