Saturday , 18 May 2024

Author Archives: NewsThumb Magz

Update: MAGODO LAND TUSSLE : Residents commend Sanwo-Olu for timely intervention

…Governor to meet affected parties, stakeholders on Wednesday for peaceful resolutions Lagos State Governor, Mr. Babajide Sanwo-Olu on Tuesday fully intervened in the Magodo Phase II land tussle by restoring peace to the estate. Governor Sanwo-Olu, who called on all the parties involved to stand down pending when the matter is completely resolved, invited affected families, residents and other stakeholders ... Read More »

MINOR FIRE AT PORT HARCOURT REFINING COMPANY (PHRC) PUT OUT

This morning, Saturday, 1st, 2022, a minor fire incidence occurred at the Port Harcourt Refining Company (PHRC) . The incident, which was contained in less than two hours was caused by a spark while a 33,000 litre truck was discharging naphtha into a tank at the PHRC. The management of the refinery led by the Managing Director, who was at ... Read More »

I am in possession of the following helpful clarifications & factual rebuttals on the Titan/ Union Bank issue

This manner of intervention by Government either directly or through AMCON is not peculiar to Union Bank. All such “intervened banks” as they were called were insolvent with huge negative shareholders’ funds. The premise of the CBN-led intervention was that government needed to inject sufficient equity to bring networth to zero to make investment a reasonable contemplation by private shareholders. ... Read More »

FIRSTBANK, DRIVING DOLLAR REMITTANCES, ECONOMIC GROWTH VIA IMTOSB

Orienting For centuries, there have been heated debates over the sources of economic growth in developing economies and why some countries reflect strong economic growth compared to others.The hypotheses have often centred around crude oil, agriculture, revenues, private capital, bubbling stock market, stable security, low unemployment rate, high standard of living amongst others. But in recent times, one factor that has been added ... Read More »

South African anti-apartheid icon, Desmond Tutu, died on Sunday aged 90

South Africa’s president, President Cyril Ramaphosa, announced the Archbishop’s death on Sunday. Ramaphosa said, “The passing of Archbishop Emeritus Desmond Tutu is another chapter of bereavement in our nation’s farewell to a generation of outstanding South Africans who have bequeathed us a liberated South Africa. “Desmond Tutu was a patriot without equal; a leader of principle and pragmatism who gave ... Read More »

update : ‘Let wedding plans begin!’ Nigerians excited as COAS orders release of romantic soldier, Private Sofiyat Akinlabi

Director of Army Public Relations, Brigadier General Onyema Nwachukwu left; a corps member holding a ring as he knelt to ask the female soldier to marry him. Nigerians on social media are excited as the Chief of Army Staff, Lt.-Gen. Faruk Yahaya, ordered the immediate release of a detained female soldier, Private Sofiyat Akinlabi. The COAS ordered that the soldier ... Read More »

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