Author: Newsjaunts
President Bola Ahmed Tinubu and former Minister of Defence, Theophilus Danjuma, are expected to headline the public presentation of the long-awaited autobiography of former Nigerian Head of State, Yakubu Gowon, scheduled for Tuesday, May 19, 2026, in Abuja. The event, which will hold at the Bola Ahmed Tinubu International Conference Centre, is expected to attract top government officials, military veterans, diplomats and other dignitaries from across the country. President Tinubu is billed as the special guest of honour, while General Danjuma, a former Chief of Army Staff and one-time Minister of Defence, will officially unveil the autobiography. The 881-page book,…
Wema Bank Plc has noted with concern recent media publications containing false, misleading, and wholly unsubstantiated allegations regarding the sale of certain Banana Island properties purportedly linked to the defunct Gulf Bank Plc. We unequivocally reject these claims, which are inaccurate, malicious, and clearly intended to distort the true position. For the benefit of our stakeholders—shareholders, customers, regulators, and the general public—we set out below the factual background to the transaction. The Original Exposure and DefaultIn 2002, Wema Bank Plc (the Bank) made an inter-bank placement with Gulf Bank Plc in the sum of ₦4.6 billion. By August 2004, that…
There is palpable excitement in Zamfara State as the administration of Governor Dauda Lawal officially commenced the 2026 Hajj airlift for pilgrims from the Gusau Airport (GIA). In a historic move aimed at easing the pilgrimage process, the state government announced that the first batch of pilgrims who departed for the Holy Land today, Friday, 15th May 2026. This milestone marks the fulfillment of Governor Lawal’s promise to make direct departures from Zamfara a reality, eliminating the need for pilgrims to travel to other states for airlift. However, the state government has issued a strict advisory to the public regarding…
Promasidor Nigeria, a leading player in Nigeria’s fast-moving consumer goods (FMCG) industry, is commemorating this year’s International Day of Families with a renewed call for stronger support systems that promote child well-being and help reduce inequalities affecting families across the country. Observed globally on May 15, this year’s theme, “Families, Inequalities and Child Wellbeing,” highlights the urgent need to address disparities in access to nutrition, education, care, and opportunity factors that continue to shape the future of millions of children. For Promasidor Nigeria, the conversation goes beyond awareness. It reflects the company’s enduring commitment to nourishing families and supporting the structures that…
Rite Foods Limited, Nigeria’s leading food and beverage company, joins the rest of the world in celebrating this year’s International Day of Families, reaffirming its belief that stronger families are the foundation for a stronger society. With the 2026 theme, “Families, Inequalities and Child Wellbeing,” the company is drawing attention to the everyday realities many families face and the importance of creating opportunities that allow children and communities to progress. Speaking on the significance of the day, the Managing Director of Rite Foods Limited, Seleem Adegunwa, noted that supporting families is essential to sustainable national growth. “Families are at the heart of…
SAGAMU – In a decisive move ahead of the upcoming electoral cycle, the democratically elected councillors of Remoland have officially declared their “unwavering and unalloyed loyalty” to the All Progressives Congress (APC) leadership, endorsing a strategic slate of candidates for federal and state offices.The declaration was the climax of the Remo Legislative Forum Summit held on Thursday, May 14, 2026. The summit brought together lawmakers from Sagamu, Ikenne, and Remo North Local Government Areas to evaluate the “socio-political stability of Remoland under the progressive banner of the APC.” The forum’s most significant resolution was the formal backing of the current…
13 May, 2026 – Facebook has launched the sixth edition of its pan-African campaign, ‘Made by Africa, loved by the world: Where stories spark community,’ ahead of Africa Day on May 25. This year’s focus: African cinema. The 2026 campaign features a five-part vodcast series profiling five internationally acclaimed actors and filmmakers from Nigeria and South Africa, hosted by leading African podcasters I Said What I Said (Nigeria) and Because We Said So (South Africa). Speaking about the campaign, Kezia Anim-Addo, Communications Director, Africa, Middle East & Turkey at Meta, said: “For six years, Made by Africa has spotlighted talent…
Promasidor Nigeria, a leading player in Nigeria’s fast-moving consumer goods (FMCG) industry, has recorded another significant milestone with three major industry recognitions that further reinforce its leadership in the dairy and consumer goods sector. At the Industry Awards, Promasidor Nigeria was named “Outstanding Dairy Company of the Year,” while its flagship brand, Cowbell, won “Dairy Brand of the Year.” The company also received a Corporate Social Responsibility Award at the Advertisers Association of Nigeria (ADVAN) Awards for Marketing Excellence in recognition of its impactful community initiatives. The Industry Awards is regarded as one of the platforms dedicated to recognizing excellence, innovation, and outstanding contributions across key…
A former military officer and prominent Ogun APC stakeholder, RTD General Olumuyiwa Okunowo, on Tuesday launched a sweeping and blistering criticism of Ogun State Governor, Prince Dapo Abiodun, declaring that the people of Ijebuland must “choose dignity over political intimidation.” Speaking during the BATOGD Mega Empowerment Programme held in Ijebu-Ode on Tuesday, May 12, 2026, the retired General accused the Abiodun administration of alleged neglect, political betrayal, elitist governance, abandonment of grassroots structures, and deepening division within the Ogun State chapter of the All Progressives Congress (APC). Addressing party faithful, stakeholders, youths, women groups, and supporters across Ogun East, Okunowo…
Lagos, Nigeria – Fidelity Bank Plc, a leading Nigerian financial institution, has announced its audited financial results for the year ended 31 December 2025, reporting Gross Earnings growth of 45.6% from N1.04 trillion in 2024 to N1.52 trillion in FY 2025, reflecting stronger topline momentum across core business segments.The Group recorded a Profit Before Tax of N347.7 billion. This performance was underpinned by a 38.7% year-on-year increase in interest income to N1.11 trillion (FY 2024: N803.1 billion) and a 44.7% year-on-year rise in fees and commission income to N113.4 billion (FY 2024: N78.4 billion).On the balance sheet, total assets grew…