Author: Citynews

Billionaire businessman Femi Otedola has increased his stake in First HoldCo Plc after acquiring an additional 1.77 billion shares in the financial institution through his investment vehicle, Calvados Global Services Limited. A regulatory filing obtained from the Nigerian Exchange (NGX) showed that the transaction, valued at N222.20 billion, was executed on Thursday. The latest acquisition raises Otedola’s shareholding in First HoldCo from 9.99 billion shares to 11.77 billion shares, increasing his ownership stake from 21.96 per cent to 25.88 per cent. The purchase marks Otedola’s second major investment in the bank in July. On July 22, he acquired 706.13 million…

A Professor of Strategic Management and Human Capital Development, Okey Ikechukwu, has claimed the ‘rascality’ of late Major Kaduna Nzeogwu during the 1966 military coup has affected the Igbo negatively. Ikechukwu made this assertion on Thursday when he appeared as a guest in an interview on Arise Television’s ‘Prime Time’. He was speaking on the 1966 military coup, saying Nigerian elders at that time knew there was a misunderstanding. According to him, the Igbo did not send Major Nzeogwu on any errand. “Unfortunately, the aftermath of Nzeogwu’s rascality impacted negatively on the Igbos. Myths started to arise, worsened by low-grade…

The Abia State Structure for Signage and Advertising Agency (ABSSAA) has announced a new fee regime for political campaign advertisements ahead of the 2027 general elections, placing a N200 million permit fee on presidential candidates seeking to erect campaign billboards and outdoor promotional materials across the state. This development means that major contenders expected to participate in the next presidential election, including President Bola Ahmed Tinubu, Labour Party’s Peter Obi and former Vice President Atiku Abubakar, as well as other aspirants, will be required to obtain approval from the agency before displaying campaign structures in Abia. The policy was unveiled…

President Bola Tinubu on Thursday urged state governors to stop building flyovers in areas with low traffic and instead channel their significantly enhanced federal allocations into road networks that would improve living standards and give security agencies better access to remote areas. He noted that states were now receiving four to five times what they used to get from the Federation Account. Tinubu made the charge when he received a delegation of traditional rulers from Oyo State led by the Olubadan of Ibadanland, Oba Rashidi Ladoja, who came to congratulate him on the successful rescue of abducted schoolchildren and teachers…

KEY TAKEAWAYS Osun State Governor, Ademola Adeleke, alleged more than 60 Accord Party members arrested in Osun were transferred to Abuja and Nasarawa prisons ahead of August 15 election. Speaking at a peace summit in Osogbo on Thursday, Adeleke accused former governor and minister, Gboyega Oyetola, and the Osun police of backing violence and intimidation. The Osun State Police Command said it arrested SSG, Teslim Igbalaye, and five others over alleged vote-buying, recovering ₦4.8 million and election materials, with investigations ongoing. Osun State Governor, Ademola Adeleke, has alleged that more than 60 members of the Accord Party (A) arrested in the…

KEY TAKEAWAYS The Kabiru Turaki-led Interim National Working Committee faction of the PDP said it submitted former President Goodluck Jonathan’s name to INEC as 2027 presidential candidate. Interim National Publicity Secretary, Ini Ememobong, said INEC acknowledged the manual submission but allegedly withheld electronic submission codes, despite the Electoral Act 2026 requirements. Ememobong said the faction appealed Justice Salim Oluwasupo Ibrahim’s judgment, accused INEC of bias, and vowed to keep pursuing legal remedies over the PDP leadership crisis. A faction of the Peoples Democratic Party (PDP) has said it submitted the name of former President Goodluck Jonathan to the Independent National Electoral Commission (INEC) as…

Minister of Aviation and Aerospace Development, Festus Keyamo, says the 2027 Nigeria Democratic Congress, NDC, presidential candidate, Peter Obi, lied over the airport incident. Keyamo made this allegation on Thursday during an interview on ‘Politics Today’, a programme on Channels Television, accusing Obi of lying deliberately. “That man was lying. He lies like a fish drinking water. He lies. He lies for fun,” he said. According to him, Peter Obi had complained of being harassed at the airport because of his political affiliation. Keyamo said it was not fair for an opposition candidate to claim that he was harassed at…

UEFA will boycott FIFA tournaments if Gianni Infantino goes ahead with his proposal to sell off a stake in the World Cup/ This decision was taken at an emergency meeting of all UEFA’s 55 member associations this afternoon. Infantino has given football associations until September 19, to back his plan to sell off part of FIFA to private investors with a £30.1m ($40m) incentive to accept. It is a move that UEFA has kicked against and threatened not to be part of the next tournament. A statement read: “UEFA and its national associations will not participate in FIFA competitions “UEFA and…

Osun State Governor Ademola Adeleke, the candidate of the All Progressives Congress (APC), Asiwaju Munirudeen Bola Oyebamiji, and other contestants have committed themselves to a peaceful electoral process by signing a peace accord ahead of August 15 governorship election. The peace pact was signed less than three weeks before voters head to the polls to elect the next governor of the state. The event brought together candidates and representatives of political parties participating in the election, as well as key stakeholders from the electoral, security and traditional institutions. A total of 14 political parties taking part in the election were…

The Nigeria Police Force, Zone 11 Headquarters, Osogbo, has declared that the Western Nigeria Security Network (Amotekun), vigilante groups, neighbourhood watch outfits and other quasi-security organisations will not participate in security operations during the August 15 Osun State governorship election. In a statement issued on Wednesday by the Zonal Police Public Relations Officer, SP Ojedele Tunji, the police said only the Nigeria Police Force and other constitutionally recognised security agencies would provide security before, during and after the governorship election. The command ordered that all personnel deployed for election duties must be properly identified and wear their approved official uniforms, warning…