Author: Citynews

The United Bank for Africa (UBA) Plc has introduced a new charge of N600 for every N20,000 withdrawn at Automated Teller Machines (ATMs) located outside its bank premises.The bank announced this fee adjustment in a message sent to its customers on Tuesday, March 4, 2025. This change follows the Central Bank of Nigeria’s (CBN) announcement of revised ATM withdrawal fees, which took effect on March 1, 2025.The CBN’s new directive, issued last month, outlined a revision in ATM withdrawal charges to address increasing operational costs and improve banking sector efficiency. The circular, signed by Mr. John Onojah, Acting Director of…

The Lagos State chapter of the All Progressives Congress has disclosed that Speaker Mudashiru Obasa is not expected to resign as part of the agreement to resolve the leadership crisis in the Lagos State House of Assembly.Reacting to rumours about Obasa’s resignation, the APC spokesperson in Lagos, Seye Oladejo, dismissed the claim.“To the best of my knowledge, there was no time the arrangement for Obasa to resign came up in the terms of settlement of the crisis,” Oladejo told Vanguard,When asked if Obasa would drop the lawsuit, Oladejo said, “I’m aware that any moment from now, Obasa will withdraw the…

Separately, the Nigerian Copyright Commission (NCC) had filed a copyright infringement case against MTN Nigeria Communications Ltd, its CEO Karl Toriola, Senior Executive Officer Nkeakam Abhulimen, Fun Mobile Ltd, and its CEO Yahaya Maibe.The Federal Competition and Consumer Protection Commission (FCCPC) is set to arraign Karl Toriola, the Managing Director and Chief Executive Officer of MTN Nigeria Communications Plc, alongside other executives on May 28.Toriola, MTN Nigeria Communications Plc, Tobechukwu Okigbo, MTN’s Chief Corporate Services and Sustainability Officer, and Ikenna Ikeme, General Manager, Regulatory Affairs, are facing charges over their alleged failure to produce documents and information as required by…

….commissions 3.12km Oke-Erinja-Ilobi road, promises to award Sango-Ijoko-Akute road this weekThe Ogun State Governor, Prince Dapo Abiodun on Tuesday said his administration has constructed about 1000km of roads since its inception in 2019.He spoke at the commissioning of the 3.12 kilometers Oke-Erinja-Ilobi road in Yewa South Local Government Area of the state, even as he promised to ensure the completion of the road all the way to Ilobi.The project, according to the governor, marks another historic moment in the trajectory and journey of the development of the state, noting that the road is a pathway to progress and economic development…

By Akinwale Kasali Perturbed by the pathetic State of the nation’s economy, which is having a toll on the citizens, with the purcahsing power of the Naira losing its value.Oluwadamilola Michael Moronfolu with the moniker, Fele and Oprah Jay, is however bent on putting smiles on the faces of the needy, downtrodden and less privileged.In giving the aforementioned a sense of belonging, Moronfolu has through his Oprah Jay Foundation put smiles on their faces through palliatives and empowerment. His philanthropic gestures in Alimosho Local Government Area and its environs has seen him contributed his quota in eradicating poverty through empowerment…

The Federal High Court in Abuja on Monday, adjourned the suit filed by the Federal Inland Revenue Services (FIRS) against Binance Holdings Ltd, demanding 79.5 billion US dollars over economic losses allegedly caused by its operations in Nigeria, until April 7.The matter, which was on number 9 on the cause list, could not proceed before Justice Inyang Ekwo.The development occured after some cases had be heard by the judge before he went on recess.The News Agency of Nigeria (NAN) reports that the FIRS ha, in the suit marked: FHC/ABJ/CS/1444/2024, dragged Binance, Tigran Gambaryan and Nadeem Anjarwalla to court.In the originating…

However, according to Wigwe’s elder sister, Joyce Wigwe, the stipend was discontinued following a legal caveat filed by the family regarding Herbert’s estate.The family of Herbert Wigwe, the late CEO of Access Bank, has raised concerns that his close business partner, Aigboje Aig-Imoukhuede, abruptly stopped the monthly stipend provided to Wigwe’s parents. Wigwe, born on August 15, 1966, in Ibadan, Oyo State, Nigeria, was a prominent Nigerian banker and businessman. He served as the Group Managing Director and CEO of Access Bank Plc, one of Nigeria’s leading banking institutions. On February 9, 2024, Wigwe, along with his wife Doreen and…

Telecommunications company, Globacom, has announced a new offer of 200% value-back to its customers who buy MiFi devices at its retail outlets across Nigeria.In a press statement issued in Lagos, the company said that the 200% value-back offer is also available to customers who buy from its authorized dealers and register the new SIMs.The new Glo MiFi device which sells for N14,999 allows customers to connect multiple devices and share data with friends and peers. The device comes with a long-lasting in-built battery, ensuring uninterrupted connectivity.Globacom added that eligible customers will receive 30GB of data upon activation, valid for 30…

Interswitch Group, one of Africa’s leading integrated payments and digital commerce companies, has reaffirmed its commitment to driving innovation in healthcare through its sponsorship of the 2025 edition of the Healthcare Federation of Nigeria (HFN) Annual Conference. The event, themed “Expanding Access to Quality Healthcare: Transforming Nigeria through Innovation, Partnership, and Sustainability,” took place on February 27th and 28th, at the Oriental Hotel in Lagos, bringing together key stakeholders across the healthcare value chain, including policymakers, industry leaders, healthcare professionals, and technology innovators. The event served as a platform for discussions on digital transformation in healthcare financing, the role of…

Mudashiru Obasa has been returned as the Speaker of the Lagos State House of Assembly.Obasa was reinstated following the resignation of Mojisola Meranda, who stepped down from the role with immediate effect.Details later…