Thursday , 28 March 2024

Author Archives: NewsThumb Magz

Alleged N25 trillion : Ningi expressed his personal opinion, Says Northern Senators

Senators Iyal Abbas from Adamawa, Ibrahim Bomoi from Yobe, Abdullahi Yar’ Adua, and four others, have disowned the statement made by the Forum’s Chairman, Senator Abdul Ningi. “We, the undersigned on behalf of the Senators from the 19 Northern States and the FCT, under the aegis of Northern Senators Forum (NSF), hereby state that Senator Ahmed Abdul Ningi of the ... Read More »

Breaking : Marine and Blue Economy, Tinubu Appoints Former LAMATA MD, Mobereola, as New NIMASA DG

President Bola Tinubu has appointed Dr Dayo Mobereola as the new Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) for a renewable term of four years. Mobereola’s appointment followed the exit of the former Director General of the agency, Mr. Bashir Jamoh, whose tenure recently expired. According to a statement ilby his Special Adviser on Media and ... Read More »

Heirs Holdings to Lead Africa’s Digital Evolution, Launches Heirs Technologies

Heirs Holdings, a leading African investment company dedicated to improving lives and transforming Africa through strategic long-term investments, announced the launch of its new subsidiary, Heirs Technologies Limited, with an ambition to empower Africa’s digital transformation through innovative and locally tailored solutions. Heirs Technologies endeavours to provide value added services that capitalise on top-tier expertise while guaranteeing accessibility locally. The ... Read More »

Update: Senator Ningi’s claim regarding the 2024 budget has been labeled as false and misleading; the National Assembly has passed a N28.7 trillion budget, Says Onanuga

Presidency has reacted to the claim made by Senator Abdul Ningi, representing Bauchi Central that President Bola Tinubu-led federal government is operating two versions of the 2024 budget. Senator Ningi, acting under the banner of the Northern Senators’ Forum claimed during an interview with the BBC Hausa Service that the National Assembly discussed and approved a budget of N25 trillion ... Read More »

Renewed Hope : Nigerian Farmer, Ibrahim Abubakar (AKA Batati ) Commends Tinubu, Ministers, Abubakar Kyari, Keyamo, Wike, and Others for Their Resilience

For a resourceful leadership activities carried out by President Bola Ahmed Tinubu to revamp the almost moribund economy,one of Nigerian farmer’s leader, Amb.Ibrahim Abubakar has resonated ingenuity of president Tinubu’s leadership by putting right pegs into several right holes to rebuild the economy. He also commends the president for giving listening hears to people’s cries which shows in steps taken ... Read More »

Invest in Yourself, Have a Business Structure, Female Entrepreneurs advise SMEs at UBA Business Series

Successful female business entrepreneurs, have advised Small and Medium Scale Enterprises (SMEs) operators and would-be business owners to focus on meeting specific needs and self-development to create a path towards building prosperous brands in the short and long-term. Speaking during the Women’s Day edition of the United Bank for Africa (UBA) Business Series hybrid event at the bank’s Head office ... Read More »

Breaking: Umahi, Threatens to Terminate Contractor for Substandard Work on Benin/Sapele Road, Extending Deadline Indefinitely

The Minister of Works, Dave Umahi, on Friday threatened to terminate the multi-billion naira Benin/Sapele and Ologbo Road reconstruction if the contractors, Levant Construction Company, failed to comply with the scope and specification of the work. The minister expressed dissatisfaction with the work and subsequently ordered the ministry’s supervising engineers to issue a warning letter to the contractors on Monday ... Read More »

Transcorp Power Lists on the Nigerian Exchange; Gains 10% First Day of Trading

Our subsidiary, Transcorp Power Plc, a power subsidiary of Transnational Corporation Plc (Transcorp Group), has listed its shares via introduction on the Main Board of the Nigerian Exchange (NGX), adding more than NTranscorp Power Plc, a power subsidiary of Transnational Corporation Plc (Transcorp Group), has listed its shares via introduction on the Main Board of the Nigerian Exchange (NGX), adding ... Read More »

UMAHI’S DRIVE IN WORKS SECTOR AND THE DELIVERY OF RENEWED HOPE AGENDA

By; Vitalis Obidiaghaa Briefing the Press after the Federal Executive Council meeting presided over by President Bola Tinubu at the State House, Abuja, on Monday, 26th February, 2024, the Minister of Works, Senator Dave Umahi, announced that Nigeria’s Federal Executive Council (FEC) has approved a N1.06 trillion contract for the construction of the first phase of the coastal road from ... Read More »

Breaking : Customs duty FX rates reduce after Naira strengthens

The Central Bank of Nigeria (CBN) has announced a further decrease in the exchange rate used to calculate import duties at seaports. This reduction comes after a period of relative stability in the exchange rate between the Naira and US Dollar. As of Monday, March 4, the new rate for calculating customs duties is N1,544.081 per US Dollar. This represents ... Read More »

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