Author: Citynews

Ogun State Commissioner for Budget and Planning, Mr. Olaolu Olabimtan, has said that the State Government’s vision to modernize its eight technical colleges is grounded in the understanding that education and skill acquisition are critical drivers of sustainable growth.Olabimtan, who is the Vice-Chairman of the Steering Committee for the Ogun State Economic Transformation Project (OGSTEP), said that the economic transformation of any state or nation depends significantly on education and skills development.He spoke during an inspection of the ongoing rehabilitation of the Government Technical College, Ajegunle, in Ewekoro Local Government Area of the state. “One of the pillars of this…

Delivering judgment in the suit on January 17, 2025, Justice Aluko after carefully perused all the processes filed and arguments canvassed by their lawyers, and after citing plethoras of legal authorities, acceded to the request of the defendant/counter-claimant and held that the counter-claims succeed and Judgment is entered for the Counter claimant as follows:Court has awarded N2.9bn damages against Standard Chartered Bank for negligence. It was garthed that Justice Akintayo Aluko of a Federal High Court, Lagos, has awarded a total sum of N2,973.000.000 billion, against Standard Chartered Bank Nigeria Limited, for negligence.The judge awarded the sum in favour of…

Guaranty Trust Holding Company Plc (GTCO) is proud to be the headline sponsor of the 2025 NPA Lagos International Polo Tournament. The highly-anticipated Polo Series will be held at the prestigious Lagos Polo Club, Ikoyi, from 4th to 23rd February 2025. A staple in Nigeria’s sporting and social calendar, the NPA Lagos International Polo Tournament is celebrated for its rich heritage, thrilling competitions, and vibrant atmosphere. Last year’s tournament delivered a thrilling six chukkas encounter that saw Leighton Kings dispatch a hard-fighting Art Hotel Shoreline team to retain the coveted Majekodunmi Cup. The 2025 NPA Lagos International Polo Tournament is…

Interswitch Group, one of Africa’s leading integrated payments and digital commerce companies, recently put together the maiden edition of its startup innovation mixer, which took place at the Interswitch Innovation Hub at the company’s Lagos HQ. Themed “Unlocking Synergies between Startups and Established Corporates,” the event took place on January 24, 2025 and attracted a cross-section of stakeholders across the broader tech, fintech and payments industries, including Interswitch Alumni.This Innovation Mixer was conceptualized by Interswitch to bridge the gap between startups and established businesses and the program is designed to provide a periodically sustainable platform for stakeholders across the tech…

…SECURES REGULATORY APPROVAL FOR NEW CAPITAL Zenith Bank Plc has raised a total of N350.4 billion through its recently concluded hybrid Rights Issue and Public Offer.In a statement released to the Nigerian Exchange (NGX) Group on Sunday, January 26, 2025, the Bank announced that it has secured the full regulatory approval of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) in respect of its recently concluded Hybrid Offer, comprising of a Rights Issue of 5,232,748,964 Ordinary Shares of 50k each at N36.00 per share and Public Offer of 2,767,251,036 Ordinary Shares of 50k each at…

By Bello AdamuIn the realm of Nigeria’s economic policymakers, a seasoned architect of prosperity has been hard at work. Senator Abubakar Atiku Bagudu, the Budget and Economic Planning Minister has been leveraging his vast expertise to shape the nation’s economic destiny. His remarkable tenure as governor of Kebbi State showcased his transformative touch, as he coaxed the state’s dormant potential into a thriving economic powerhouse.The story of Kebbi’s resurgence is one of vision, grit, and unwavering dedication. Under Senator Bagudu’s stewardship, the state’s agricultural sector blossomed, earning it the coveted title of “the premium food basket of the nation.” As…

By Richard Oriri Representing the vibrant people of Balanga/Billiri Federal Constituencies in Gombe State, Honourable Ali Isa JC, the Makama Cham, has proven himself to be a dedicated and compassionate leader. With a track record of delivering impactful projects and interventions, he’s won the hearts of his constituents, who are eager for his return. Born on June 4, 1974, Rt. Hon. Ali JC has been a driving force behind numerous developmental projects since his maiden foray into the National Assembly in 2015, earning him a reputation as a selfless and effective parliamentarian. A contagious trailblazer and refined politician, Rt. Hon. Ali…

A coalition of 100 Civil Society Organizations (CSOs) under the umbrella of the Concerned Nigeria People’s Network has issued a stern warning to the Federal Government, demanding immediate action to address the non-payment of contractors for completed projects in 2024. The CSOs warned that failure to address the issue would lead to a nationwide mass action against this injustice and demanding that the government take responsibility for its obligations. A statement co-signed by Comrade Alao Bamisile and Abubakar Suleiman Tijani, its President and secretary, said the non-payment of contractors has had a devastating impact on their livelihoods, causing financial hardship…

Sowore arrived the police headquarters around 9.45 am on Monday, with his lawyer and some supporters. Omoyele Sowore, the convener of the #RevolutionNow Movement and former presidential candidate of the African Action Congress (AAC), has arrived at the Force Headquarters in Abuja to honour police invitation. Sowore arrived the police headquarters around 9.45 am on Monday, with his lawyer and some supporters. The Nigeria Police Force had summoned Sowore for questioning following a viral video he recorded, highlighting alleged extortion by police officers on the Murtala Muhammed International Airport Access Road in Lagos. The invitation, dated January 23, 2025, was…

Bankit MFB, a rapidly growing Fintech company, has announced remarkable achievements within its first few weeks of operation. The company has successfully registered over 50,000 users on its platform, a testament to its innovative simple banking approach to digital banking with ambitious plans to service a record 500,000 businesses in 2025, Bankit MFB is confident in its competitive edge and cutting-edge technology. The financial institution prioritizes the protection of customers’ funds and is committed to diversifying its digital services to enhance customer experience.Since commencing operations in late 2024, Bankit MFB has introduced web banking and other innovative banking products, with…