Author: Citynews

Guaranty Trust Holding Company has released its audited consolidated and separate financial statements for the year ended December 31, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). GTCO, in a statement on Tuesday, declared a N12.76k dividend to shareholders and a N865.75 billion profit after tax from a reported profit before tax of N1.23 trillion. According to the firm, the PBT is underpinned by strong growth in core earnings, with interest income and fee income increasing y-o-y by 23.2 percent and 25.9 percent, respectively. It stated that performance reaffirms its capacity to generate sustainable earnings and…

Minister of Power, Adelabu A. Adebayo, has formally resigned from his position, announcing his intention to run for Governor of Oyo State. CityNews reports that in a resignation letter addressed to President Bola Ahmed Tinubu and submitted through the Secretary to the Government of the Federation, Adebayo expressed gratitude for his time in office. “I write with profound gratitude to Your Excellency to formally tender my resignation from my position as the Honourable Minister of Power, Federal Republic of Nigeria,” he wrote. He also thanked the president for the trust placed in him, saying, “I wish to sincerely thank Your Excellency for the…

The re-election of President Bola Tinubu will not be affected by the release of Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB) from prison, Ohanaeze Ndigbo has said. The leadership of the socio-political organisation on Tuesday, assured the president of the total support of Ndigbo despite the fate of Kanu who is being held at the Sokoto Correctional facility over terrorism. Calling for the unconditional release of the IPOB leader by the president, Ohanaeze Ndugbo said Kanu was only advocating for Biafra of the mind and not succession as widely claimed. In a statement signed by Okechukwu…

The Nigerian Senate has approved President Bola Tinubu’s request to secure external loans totaling $6 billion. The approval came just four hours after Senate President Godswill Akpabio read Tinubu’s letters seeking authorisation during plenary. The upper chamber granted the approval following the presentation and consideration of a report by the Senate Committee on Local and Foreign Debts, chaired by Aliyu Wamakko. Earlier reports by Politics Nigeria revealed that the President’s loan request was contained in two separate letters addressed to the Senate President and read during Tuesday’s session. In the first letter, Tinubu sought approval to establish a structured total return swap (TRS) external financing…

Former Kaduna State governor, Nasir El-Rufai, has alleged that security operatives planned to arrest his elder brother, Bashir, if he had returned to Nigeria for their mother’s burial. El-Rufai claimed the alleged plan was aimed at using Bashir as leverage to force him into negotiations. In a video statement, the chieftain of the African Democratic Congress (ADC) said his brother stayed away from the burial to avoid being arrested. According to him, “My elder brother Bashir El-Rufai couldn’t make it because we learned that there is a plan to arrest him because they believe if they get him, I will negotiate.” Reports indicate…

The Kwara South Development Forum has expressed concerns over worsening insecurity across communities in Kwara South Senatorial District, accusing both the Kwara State and the Nigerian government of abandoning residents as several towns become deserted due to incessant attacks by suspected terrorists. In a statement issued on Tuesday and signed by the Acting Speaker of the forum, Obashola Ayomide Ridwan, the group said residents of the region have been left to face persistent killings, kidnappings and attacks without adequate protection from security agencies . The forum recalled that traditional rulers in the region had increasingly become targets of terrorists, citing…

The Ministry of Foreign Affairs has disclosed that it has received approval from 10 countries for the newly appointed ambassadors-designate. The development was announced in a statement seen by Politics Nigeria, issued by the ministry spokesperson, Kimibie Ebienfa, who added that it was awaiting responses from other nations. The 10 countries are the United Kingdom, France, the United States, Ireland, Qatar, the Republic of Benin, Ethiopia, Djibouti, Senegal, and Sierra Leone. Speaking on the induction ceremony, Ebienfa shared that it would be revealed when finalised and confirmed by the presidency. “I wish to inform you that the process of receiving…

A Professor of Communications at Baze University, Abuja, Abiodun Adeniyi, says the plan of the ruling All Progressives Congress, APC, to use the FCT Minister, Nyesom Wike, to destroy the Peoples Democratic Party, PDP, is already working. Prof Adeniyi made the statement on Monday while fielding questions in an interview on Arise Television’s ‘Prime Time’. He was reacting to the national convention of the PDP held at the MKO Abiola national stadium in Abuja on Sunday. He stated that Wike’s support for the APC and President Bola Tinubu has been there since 2023, noting that it had become more stabilised.…

President Bola Tinubu has approved fresh appointments into key federal agencies, naming a new chairman for the Corporate Affairs Commission (CAC) and nominating seven commissioners for the National Population Commission (NPC). The appointments were made public on Monday through a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. The announcement outlines a series of strategic placements aimed at strengthening governance structures across critical institutions. According to the statement, former senator, Ibrahim Ida, has been appointed as the new Chairman of the Corporate Affairs Commission. The presidency highlighted his background in finance and public administration as…

The Nigeria Police Force has announced plans to host a walkathon in commemoration of the 2026 National Police Day, aimed at promoting unity, peace, and stronger community partnership. The event is scheduled to take place on Tuesday, March 31, 2026, with participants expected to converge at the Force Headquarters Abuja by 6:00 a.m., where the walk will commence. According to the organisers, the walkathon is designed to bring together members of the public, stakeholders, and security personnel in a show of solidarity and shared commitment to national security. With the theme, “Together we walk, together we secure,” the initiative underscores…