Thursday , 25 April 2024

Author Archives: NewsThumb Magz

UNGA 2023 : Nigeria’s minerals deposit is worth $700billion,”We are ready to play an important role,” Says Alake

The Minister of Solid Minerals Development, Dele Alake, said Nigeria’s minerals deposit is worth $ 700 billion, saying the nation’s mineral resources make it one of the top 10 players in the energy sector. Alake said this at a special session on the sidelines of the ongoing United Nations General Assembly (UNGA) in New York, where he added that Nigeria ... Read More »

Why I believe in President Tinubu’s administration – OTUNBA Wale Abdul Bello ..He just wants everybody to develop and to grow

Otunba .Wale Abdul Bello is from Ikirun, Osun state but based in Abuja. He returned from the UK and has been in Nigeria since 1990, following his successful stay in the queen’s land for several years. And he has since embarked in politics and business activities. The Ikirun, Osun born politician is also an ambassador of a popular global association, ... Read More »

Dispute stalls FG and Emefiele : Plea bargain would not work, “Where trillions were being stolening, some of those affected have offered to refund N32 billion only,” Says source

Suspended CBN governor may face trial Why deputy governors were dropped There were hints yesterday that the suspended Central Bank of Nigeria (CBN) Governor Godwin Emefiele and other top officials of the bank may face trial afterall. This follows the stalling of the plea bargain move between the Federal Government and the embattled apex bank boss. It was learnt that ... Read More »

Update : After meeting with Tinubu, BUA Agrees to crash Cement price from N5,500 to N3,500

Chairman of BUA Cement Plc., Abdul Samad Rabiu, has announced plans to reduce the price of cement N5,500 to between N3,000 and N3,500. Rabiu disclosed this to Journalists after a meeting with President Bola Tinubu at the State House, Abuja. He said the price crash is part of his company’s contribution to supporting the efforts of the Federal Government to ... Read More »

ZENITH BANK DEFIES ODDS WITH ASTOUNDING TRIPLE-DIGIT SURGE IN TOPLINE AND BOTTOMLINE H1 2023 RESULT

Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2023, recording an astounding triple-digit growth of 139% in gross earnings from N404.8 billion reported in H1 2022 to N967.3 billion in H1 2023. This is a clear demonstration of its resilience and strong market share despite a very challenging macroeconomic environment and persistent headwinds.According to ... Read More »

Alleged $300 Million Fruad : DSS quizzes CBN dep governor, Aisha Ahmad over fraudulent acquisition

The Department of State Services (DSS) has invited the deputy governor of the Central Bank of Nigeria in charge of Financial System Stability, Aisha Ahmad, for questioning, The Nation has gathered. It was learnt she was brought in by the Service over the alleged fraudulent acquisition of shares in Polaris Bank, Titan Bank/Union Bank. Among other issues, she is being ... Read More »

Economic Startup : Betta Edu, flags off Distribution of Relief non-food Materials To Over 900 Households In Shwari IDP camps

The Minister for Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, Friday flagged off the distribution of non-food items to the Internally Displaced Persons (IDPs) covering over 900 households at Shwari Camp 5 in Maiduguri, the Borno state capital. The relief items include hundreds of mattresses, pillows, blankets, footwear, wrappers, and treated Insecticide mosquito nets. The Minister assured the 480,000 ... Read More »

Tony Elumelu Tells Indian Investors : “This is the Best Time to Invest in Nigeria”

Investment pledges amounting to nearly $14 billion U.S. dollars were committed during the Nigeria-India Presidential Roundtable and Conference in New Delhi convened by H.E. President Bola Ahmed Tinubu.Heirs Holdings Group Chairman, Tony O. Elumelu C.F.R., urged the Indian private sector to seize the opportunity to invest in Nigeria, during the Nigeria-India Presidential Roundtable and Conference on Wednesday, September 6th, 2023, ... Read More »

Industrial Relations : Nigeria, Australia to partner on foreign training for local miners, says Alake

Local miners can now sharpen their and acquire modern techniques in Australia, the Federal Government said yesterday through Solid Minerals Minister, Dele Alake. He said the arrangement for free study programmes/ trainings, study trips and exchange programmes for mineral professionals was part of the President Bola Ahmed Tinubu administration’s efforts to transform the solid mineral sector. The pact, the minister ... Read More »

Update : Renewed hope : Zulum Receives Betta Edu in Borno, says “we will work with you to succeed and Eliminating poverty in Nigeria”

It was indeed renewed hope for the people of Borno state as the Minister of Humanitarian Affairs and Poverty Alleviation Dr Betta Edu arrived Borno state for a two days working visit, which happens to be her first official visit outside Abuja since resumption of office. The Honorable minister Dr Edu who was received at the Government House by the ... Read More »

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