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  By allcitynews.ng The National Agency for Food and Drug Administration and Control (NAFDAC) has released a shocking finding conforming that over half of Nigerian minors are consuming alcohol. The  NAFDAC DG, Prof. Mojisola Adeyeye, who made this known today, Tuesday February 3, 2026, expressed the worrisome news through a public statement she personally signed to underscore the gravity of the problem. She disclosed that the shocking trend was derived from a national study survey Study sponsored by the Distillers and Blenders Association of Nigeria (DIBAN) in Collaboration with NAFDAC and conducted by Research and Data Solutions Ltd, Abuja. The study showed that more than half of Nigeria’s minors and underaged children buy and drink alcohol, raising fresh alarm over youth abuse of  alcohol. ”Alcohol is one of the most widely used substances of abuse among youths and it is a growing public health concern in Nigeria,” She stated confirming a previous (Olujide et al...

  By Owei Lakemfa The simple and straightforward appointment of the Awujale of Ijebu Kingdom, one of the most revered, is stalled like a car with a dead battery. Actions associated with the Benin monarchy, one of the most famous in Africa, is clanging like a faulty engine.  Meanwhile, the new Alaafin of Oyo’s public displays are like a man fossiled in the distant past. The Ijebu Kingdom had known peace since the enthronement of Oba Sikiru Adetona in 1960 until he joined his ancestors 65 years later. When the brutal Abacha military regime was on rampage, Oba Adetona and Oba Salaudeen Afolabi Oyefusi, the then Ayangburen of Ikorodu, were amongst the handful of traditional rulers who stood up against it. However, the kingdom has not been the same since the Kabiyesi joined his ancestors on July 13, 2025. First, his burial was marred in unnecessary controversy as the traditional accommodation of different faith was jettisoned. In fact, gun-wielding soldiers were ...

  ENJOY THE READING ‎ News Update, Tuesday, 03/02/2026 ‎ ‎**Tinubu signs Electricity Amendment Bill, hands power control to states ‎ ‎**Revenue Allocation: Federal, State, and Local Governments share N1.97trn ‎  ‎**Elections: Obi declares Presidential Bid  ‎ ‎**Tinubu, Atiku hail Fela as global icon after Grammy Lifetime honour ‎ ‎**No nation can thrive without investment in Youths - Tinubu ‎ ‎ **2027-Ogun West adopts Senator Yayi for Governor, endorses Tinubu for second term ‎ ‎**Ndume, Reps deputy spokesman clash over tax laws alteration claims ‎ ‎**Electoral Reform Bill at harmonisation stage, Reps say ‎ ‎**We've better plan for Makoko community, not to demolish buildings - LASG ‎ ‎**I was marked for arrest and possible execution--Says Defence Minister as military confirms coup plot prosecutions ‎ ‎**Sanwo-Olu: LASG ready to partner World Bank on Energy, Agriculture, Tourism, Human  capital development  ‎ ‎.....Lagos is major stakeholder on World Bank dashboa...

  By allcitynews.ng, From Businessdairy.ng The nation’s pension fund assets gained N4.5trillion in 2025 having jumped from N22.51trillion in December 2024 to N27trillion as at December,2025. This is even as 11.04million workers have now joined the new pension scheme known as Contributory Pension Scheme (CPS), after their employers opened a Retirement Savings Account (RSA) for them. In January 2025, the fund rose to N22.86trillion, rising by N350billion. By February, the fund had risen by over N400billion to N23.26trillion while in March, it gained about N120billion to N23.38trillion. In April, 2025, it heightened to N23.65trillion, was N24. 1trillion in May, even as it rose by over N500billion to N24.62trillion in June. By July the assets swelled to N25.79trillion and in August, 2026, it was N25.89trillion. While it soared by about N110billion to N26.08trillion in September, it we t further up in October to N26.66trillion. By November, 2025, it was N27.05trillion and in De...

  In a global call to action to celebrate the International Day of Education, female employees of SanlamAllianz Nigeria under the aegis of SanlamAllianz Women’s Network (SAWN) have reinforced the brand's commitment to community development through a high-impact Corporate Social Responsibility (CSR) initiative at Gbara Community Senior Secondary School, Eti-Osa. The outreach directly benefited over 240 students through the donation of essential educational materials, care packs, and books aimed at strengthening the school’s library resources. Beyond the donations, the engagement served as a platform to inspire students to pursue academic excellence and resilience while also prioritizing personal care with a view to building lasting self-confidence. Speaking on the initiative, Ogechi Ekwosimba, President of the SanlamAllianz Women’s Network and Growth Manager, Alternate Distribution, SanlamAllianz Life Insurance, emphasized the network’s dual purpose, saying, “Our network was est...

  By allcitynews.ng  The Contributory Pension Scheme (CPS) recorded a significant growth of N4.94 trillion in the 2025 financial year, according to data obtained by allcitynews, from the National Pension Commission (PenCom). PenCom’s unaudited report on the pension fund industry portfolio, covering the period ended 31 December 2025—including Approved Existing Schemes, Closed Pension Fund Administrators, RSA funds, unremitted contributions at the Central Bank of Nigeria, and legacy funds—showed that total assets rose from N22.51 trillion in December 2024 to N27.45 trillion in December 2025. The majority of the funds, totaling N16.33 trillion, were invested in Federal Government securities. The remaining assets were allocated across corporate debt securities, money market instruments, mutual funds, as well as domestic and foreign ordinary shares. This robust growth underscores the resilience and expanding value of Nigeria’s contributory pension industry, reflecting increasing co...