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By allcitynews.ng The Federal High Court, Lagos division, Friday, ordered remand of a 19-year-old blogger, Nurenorue John Surpruchi, in the Nigeria Correctional Centre, Lagos till June 19, 2026, over alleged defamation of the Chairman/Chief Executive Officer, C.E.O, of United Bank for Africa, (UBA) Mr Tony Elumelu. The trial judge, Justice Ambrose Lewis-Alagoa gave the remand order after arraignment of Nurenorue John Surpruchi on a four-count charge bothering on cyberstalking, bulling and defaming the UBA Chief Executive Officer. He pleaded not guilty to each of the count charge. According to the charge, Nurenorue John Surpruchi and others now at large, allegedly, on or about the 5th day  of April,  2026, conspired amongst themselves to commit felony to with Cyberstalking by agreeing to use a computer system and network to disseminate false and injurious information against the Executive Officer (CEO) of United Bank for Africa one Mr. Tony Elumelu. When the matter came u...

  By allcitynews.ng As the innovative transport safety policies and operational reforms has started yielding positive results, t he leadership of Federal Road Safety Corps (FRSC) has commended Dangote Cement Transport for delivering measurable and transformative improvements in road safety. The applauds also followed the newly introduced in-house discipline as Dangote Cement is currently recalibrating and strengthening its speed limit policy as part of broader operational safety measures to further reduce road crashes and reinforce discipline and safer haulage practices. Just as FRSC reiterated that there is significant decline in articulated truck crashes across Nigeria following the introduction of innovative transport safety policies and operational reforms. The commendation became imperative as the innovative transport safety policies and operational reforms, injected into the system has started yielding positive results. The Corps described Dangote Cement as a benchm...

By allcitynews.ng  The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to continuously strengthening its Deposit Insurance Funds (DIFs) as part of efforts to promote the stability and resilience of the nation’s financial system. The Managing Director/Chief Executive of the Corporation, Mr. Thompson Oludare Sunday, stated this during a courtesy visit to the Director-General of the Budget Office of the Federation, Mr. Tanimu Yakubu, in Abuja. In the statement made available by the Head, Communication & Public Affairs Department, Hawwau Gambo, Sunday explained that the need to build strong Deposit Insurance Funds is critical to enhancing the Corporation’s capacity to respond effectively to potential systemic crises in the banking sector without relying on government intervention. He noted that while financial crises may be inevitable, the NDIC has consistently prioritised robust DIFs as a key component of its contingency planning and crisis prep...

  By allcitynews.ng The Contributory Pension Scheme (CPS) assets rose to N30.94tn at the end of April, 2026. PenCom made this known through its unaudited report on the pension fund industry portfolio, covering the period ended 30 April 2026—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 N27.45 trillion in December 2025. The majority of the funds, totaling N17.36 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 contributions and strategic investment management across the sector. For Advert Placement,  Press Invite, Press Release O...

  WHEN FREE READERS ASSOCIATION OF NIGERIA ARE ENJOYING NEWSPAPERS   WELCOME TO THIS NEWS CRUISE CONTROL PLATFORM WHERE YOU  CAN TRAVEL AROUND  THE WORLD VIA READING NATIONAL AND INTERNATIONAL NEWS WITHIN FEW MINUTES- COME ALONG, ENJOY THE RIDE ‎ News Update, Wednesday, 27-05-2026 ‎ ‎**Sanwo-Olu, Hamzat Pray With Lagos Pilgrims on Arafah Day ‎ ‎**How NDLEA smashes Nigerian-Mexican meth cartel, arrests baron, 3 Mexicans, 6 others .Recovers N480 billion meth ‎ ‎**APC promised me automatic ticket before I joined” — Senator Ned Nwoko ‎ ‎**Political changes will occur in Rivers and other regions, bringing new leadership dynamics - Ayodele ‎ ‎**Ireti Kingibe wins ADC FCT Senate ticket ‎ ‎**ADC 2027: Amaechi Drags Atiku To Theatre Of Showmanship ‎**ADC primary in turmoil as Amaechi rejects Atiku win ‎**Sallah: Kano approves N20,000 Eid package for civil servants ‎ ‎ **Rivers 2027: Fubara withdrew voluntarily; Wike not APC member — Yilwatda ‎ ‎**Nigeria’s...

  R-L, Victoria Uwadoka, Corporate Communications, Public Affairs and Sustainability Lead at Nestlé Nigeria,(left); Patricia Ekaba, Head of Corporate Communications, Public Affairs and Sustainability for Central and West Africa,(middle); Mrs Folashade Bada Ambrose-Medebem, Honourable  Commissioner, Commerce, Cooperatives, Trade and Investment, Lagos State; Wassim Elhusseini, Managing Director and CEO of Nestlé Nigeria PLC, at the Nestle for Good Summit held in Lagos, recently     Posted by allcitynews.ng  Nestlé Nigeria has convened government representatives, healthcare professionals, development partners, academia, industry leaders, civil society organisations, and the media at the  Nestlé for Good Summit 2026 , a stakeholder platform focused on advancing practical, collaborative solutions to improve nutrition outcomes, strengthen communities, and support more sustainable food systems in Nigeria.   At a time when Nigeria continues to navigate e...