Author: Citynews

The President of Dangote Group, Alhaji Aliko Dangote on Monday disclosed his readiness to invest the whopping sum of $700m in Ogun State in different areas of business, including buidling the largest seaport in Africa at Olokola Free Trade Zone (OKFTZ).Dangote, who made this known during an inspection tour to Itori cement plant ascribed his decision to come back to the state to investment-friendly environment provided by Abiodun’s administration which had given the state the status of best state in Ease of Doing Business Index. He narrated his frustrating and provocative experience during the last administration as the reason why…

Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has restated the commitment of the agency to supporting initiatives that promote tax policy development and build the capacity of tax administrators in the West African sub-region.Adedeji spoke in Abuja on Tuesday at the opening of the West African Tax Administration Forum (WATAF) Country Correspondents’ conference held at Transcorp Hilton hotel.He stressed that a well-articulated tax policy would promote economic development through effective revenue mobilisation domestically.A statement by Dare Adekanmbi, Special Adviser on Media to the FIRS chairman, said Adedeji noted that improved tax revenue through greater efficiency in tax…

Verve International, Africa’s first and largest domestic payments scheme and a subsidiary of the Interswitch Group, has been named in the first-ever Global Payments Power 50 list by The Power 50, recognising the most innovative companies driving innovation and transformation in the global payments industry. Founded in 2018, The Power 50 shines a spotlight on those who are transforming financial services for the better and delivers ongoing support and development for participants. Bringing together a diverse yet interconnected community, the Payments Power 50 will serve as a reminder of the significant strides being made in the payments space. From established…

The Progressive Institute (TPI), a think-tank of the All Progressives Congress has stated that it is poised at reducing unemployment by driving Nigeria’s educational system with 21st century skills.Director General, TPI, Dr. Olanrewaju Adebayo while speaking at a press briefing in Abuja noted that the institute has developed a four-year strategic plan that will reflect the aspirations of Nigerians in line with President Bola Tinubu Renewed hope agenda.”We are taking Nigeria to the 21st century education system that will provide us with skills. All over the world, there is severe shortage of manpower. We want a situation where Nigerians will…

Rite Foods Limited, the dynamic force behind Bigi Drinks, Fearless Energy Drink, Sosa fruit drink, and Bigi & Rite Sausages, has been crowned ‘Food Company of the Year 2024’ at the prestigious Independent Awards 2024. The grand ceremony, held on Saturday at Eko Hotel and Suites, recognized corporate organizations and individuals making significant contributions to Nigeria’s socio-economic development. This recognition reaffirms Rite Foods Limited’s continuous commitment to quality, innovation, and consumer satisfaction, solidifying its position as a leading indigenous brand delivering superior food and beverage solutions. Speaking on the win, Ekuma Eze, Head of Corporate Communication and Sustainability at Rite…

…reconstructs Itori cement plant, to build largest port at Olokola The President, Dangote Group, Alhaji Aliko Dangote, has said that his company decided to go back and invest in Ogun State because of the Prince Dapo Abiodun administration’s vision and deliberate policies that focus on attracting investors as well as the investor-friendly climate that exists in the state. Dangote, who stated this on Monday during a courtesy visit to the governor in his office at Oke-Mosan Abeokuta, said Ogun State is one of the most attractive investment destinations in Nigeria by crafting itself as the manufacturing ‘bedrock’ of Nigeria. He…

The Federal High Court sitting in Lagos has ordered Oba Otudeko to take a plea in the charges filed against him by the Economic and Financial Crimes Commission.The order was given by Justice Chukwujekwu Aneke on Monday.Recall that EFCC had filed a 13-count charge against Otudeko and three others over an alleged N30 billion loan fraud.At the hearing of the matter, the judge said Otudeko must take his plea before an application challenging the court’s jurisdiction on the case can be decided.The judge subsequently adjourned the case to May 8.Details later…

Seyi Tinubu, son of President Bola Ahmed Tinubu, has described his father as the greatest president in Nigeria’s history.In a video that went viral on Monday, Seyi made the remark while addressing a gathering of youths in Adamawa State.“It was never politics, but they keep coming for me, they keep coming for my family, they keep coming for your father, they keep coming for Asiwaju Bola Ahmed Tinubu, the greatest president in the history of Nigeria,” he said.He further praised his father’s leadership, claiming he had prioritised youth empowerment and economic growth.“He is the only president that has kept your…

The Rivers State House of Assembly has formally accused Governor Siminalayi Fubara and his deputy, Ngozi Odu, of misconduct, issuing an official notice to that effect. The lawmakers based their actions on the provisions of the Nigerian Constitution, as outlined in the notice obtained by Channels Television. The notice read, “In compliance with Section 188 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and other extant laws, we the undersigned members of the Rivers State House of Assembly hereby forward to you a Notice of Gross Misconduct by the Deputy Governor of Rivers State in the…

The former governorship candidate of the Peoples Democratic Party in Lagos State, Dr Abdul-Azeez Adediran, popularly known as Jandor, has defected to the All Progressives Congress.Jandor made the announcement on Monday during a press conference at his office in Ikeja, Lagos, weeks after resigning from the PDP.Jandor cited internal crises and lack of party discipline within the PDP as the primary reasons for his departure, expressing disappointment in the party’s inability to address anti-party activities during the 2023 general elections.He said, “Our story in the PDP was a case of working with perennial political saboteurs but we have resolved to…