Author: Citynews

Leading financial services provider Coronation has reaffirmed its commitment to sustainable wealth creation by returning as the title sponsor of the Coronation Silver Cup at the 2025 Lagos International Polo Tournament. The tournament, set to run from January 23 to February 23, is one of the most prestigious sporting events in Africa, attracting elite players and distinguished guests from across the continent and beyond. The Coronation Silver Cup, the centrepiece of the competition, will take place from February 18 to 23, while the Open Cup and the Majekodunmi Cup will feature thrilling matchups throughout the tournament. Speaking at the press…

Cool Financial Services, a Lagos State-based finance house, has sued First City Monument Bank (FCMB) for allowing Goewe and Sons Ltd., one of its borrowers, to withdraw a N150 million loan sum from an account with an active freezing instruction. Goewe and Sons Ltd. is a merchandise company owned by Ewere Godwin Orobosa. In July 2023, the company first approached the finance house for a N100 million loan at a 3.5% interest rate for a duration of 30 days. Again, in September 2023, the company obtained an additional loan of N50 million at an interest rate of 1.5% for a…

Leading financial institution, Fidelity Bank Plc, has announced the successful conclusion of the first tranche of its equity capital raise through its Public Offer and Rights Issue (the Combined Offer) following the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN), and approval of the Basis of Allotment by the Securities and Exchange Commission (SEC).A total of 108,046 applications for 23,791,687,463 Ordinary Shares totaling ₦231,968,952,764.25 were received on the Public Offer. Out of these, 107,588 applications for 23,768,724,000 Ordinary Shares totaling ₦231,745,059,000.00 were found to be valid based on the terms of the Offer and…

The Oniworo of Iworo Kingdom, Oba Oladele Kosoko, Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, Olorunda LCDA chairman, Mr Samson Folorunsho, and several other royal fathers, clerics have commissioned Iworo 100.1 FM on Thursday, 6th of February 2025 in Badagry, Lagos state.The commissioning of Iworo 100.1 FM marks another significant milestone achievement of Oba Oladele Kosoko whose reign has positively impacted Iworo community in terms of meaningful establishments and investments.Oba Oladele Kosoko, who is the chairman, described the establishment of Iworo 100.1 FM as a significant development which is the first of its kind in the community. He…

By Babajide ObafemiTo whom much is given, much more is actually expected. This saying does not readily work in the political climate of this merger called Nigeria because most times much is given to one and less is gotten in return. A lot of examples of those that much is given and less or nothing is gained readily comes to mind but not for the purpose of this piece. So, when you see a radical departure from the line or school of non-performing administrators like Gov. Ododo Ahmed Usman, it is not out of place to display such a different…

The National Association of Seadogs’Pyrates Confraternity Ash Montana Deck is outraged and deeply disturbed by the horrific assault on 73-year-old Pa Abraham Love by the Olorile of Orile Ifo Oba Semiu Ogunjobi in the open place of his community. The monarch’s brutal actions, which included slapping and raining curses on the elderly man while forcing him to prostrate on the road, are utterly unacceptable and deserving of swift condemnation.This type of thuggery and abuse of human rights are never expected from any common citizen brought up in the Omoluabi ethos of the Yoruba not to talk of a Royal Father…

Adron Homes and Properties, Nigeria’s leading real estate development company, proudly marks its 13th anniversary today, celebrating over a decade of groundbreaking achievements in the real estate sector. Since its inception, Adron Homes has remained committed to providing affordable and luxurious housing solutions, making homeownership accessible to Nigerians across all socioeconomic classes.With a vision to bridge the housing deficit in Nigeria and beyond, Adron Homes has consistently set new industry benchmarks. The company has developed and delivered thousands of quality homes in strategic locations nationwide, including Lagos, Ogun, Oyo, Abuja, and Nasarawa, expanding the frontiers of modern real estate development.Speaking…

Members of the Lagos State House of Assembly on Thursday listed some achievements of the Bola Tinubu-led administration describing the President as a blessing to Nigeria.Speaking during plenary, the lawmakers took time to eulogise the President saying he came into office at a time when Nigerians were at a crossroads over the country’s socio-economic status before the 2023 elections.Raising the motion, Hon. Tobun Abiodun (Epe I) told his colleagues that the policies initiated by Tinubu had begun to yield positive results in less than two years of his being in office.Tobun noted that the country’s GDP had been boosted following…

Ogun State Governor, Prince Dapo Abiodun, has felicitated the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, as he celebrates his 65th birthday.In his message, Governor Abiodun hailed Adesina as an economic visionary whose contributions have significantly influenced the landscape of Africa’s development.In a statement issued in Abeokuta on Wednesday, Governor Abiodun noted the remarkable journey of Dr. Adesina since he took the helm of the AfDB in 2015.”Under his stewardship, the African Development Bank has transformed into a beacon of hope and progress for our continent,” he stated.The governor emphasized that Adesina’s leadership has not only enhanced…

By Okanga Agila Leadership in any sector demands foresight, expertise, and a steadfast dedication to institutional reforms that promote long-term prosperity. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), led by Engineer Gbenga Komolafe, has seen an uncommon era of leadership in the country’s oil and gas industry. Since taking office in 2021, he has guided the Commission toward efficiency, openness, and now more on  reforms that support President Bola Ahmed Tinubu’s Renewed Hope Agenda. His remarkable experience in engineering, law, and institutional process studies has been instrumental in helping NUPRC reorient itself to fulfill its statutory mandate.The NUPRC is a…