Tuesday , 19 March 2024

Author Archives: NewsThumb Magz

Alleged Attack on NLC leadership : “NLC is feeling guilty in hatching its hidden agenda influenced by partisan considerations,” Says Onanuga

…Pressure mounts on NLC over planned protests Political leaders, pan-ethnic organisations and civil society groups yesterday mounted pressure on the Nigeria Labour Congress (NLC) to shelve its proposed protest over the rising cost of living. The two-day protest is billed for tomorrow and Wednesday. Pan-Yoruba socio-political organisation, Afenifere; Lagos People’s Assembly (LPA) and Arewa Think-Tank cautioned against blackmailing President Bola ... Read More »

Renewed Hope : Senate backs Umahi’s initiative on tax credit scheme of the Federal Ministry of Works, with the aim of bridging the gap in financing road infrastructure

In keeping with his commitment to the tenets of checks and balances and separation of powers emphasized by the Renewed Hope administration of the President of Nigeria,*His Excellency, President Asiwaju Bola Ahmed Tinubu GCFR* the Honourable Minister of Works, *His Excellency Sen Engr Nweze David Umahi CON* led the critical departments of his Ministry to honour the invitation of the ... Read More »

Update : Tinubu administration’s efforts to ramp up food supply in the country nationwide – Onanuga

The Tinubu administration through the Federal Ministry of Agriculture and Food Security is in the final stages of releasing 42,000 metric tonnes of assorted food commodities to support the vulnerable population across the country. The grains in seven locations of strategic reserve, are now being bagged for onward delivery to the National Emergency Management Agency (NEMA). The need to bag ... Read More »

Update : Reports debunked, Tinubu’s visit to Qatar is not cancelled, Says Onanuga

The presidency has debunked reports that the Government of Qatar ‘snubbed’ President Bola Tinubu on plans to embark on a state visit to the country. A correspondence between the Embassy of the State of Qatar in Abuja and the Nigerian Federal Ministry of Foreign Affairs, about state of preparedness for a business sidelines meeting, had been leaked to the public ... Read More »

ECOMOF 2024: UBA Affirms Pledge to Stimulate African Economic Expansion through Strategic Supports for Mining and Oil Sectors

Africa’s Global Bank, United Bank for Africa (UBA) Plc has reaffirmed its unwavering commitment to spearhead economic growth across the continent through targeted policies aimed at maximizing the benefits derived from the mining and oil sectors. To this end, the bank is poised to collaborate with the Economic Community of West Africa States (ECOWAS) towards implementing strategic initiatives that will ... Read More »

David Umahi finalizes €25 million grant for the construction of 28 priority bridges with Janson Bridging International

In keeping with the initiative to think outside the box in rejiging the nation’s economy by the Renewed Hope administration of the President of Nigeria, *His Excellency President Asiwaju Bola Ahmed Tinubu GCFR*, the Honourable Minister of Works, *His Excellency, Sen. Engr. Nweze David Umahi CON* has finalized discussions with investors from Netherland to attract a grant of 25 million ... Read More »

Breaking: Customs has started distributing food aid, offering 25kg of rice for N10,000, with a warning against resale, says Comptroller General

The Nigeria Customs Service, NCS, will today commence the sale of seized bags of rice to the public at the rate of N10,000 per 25kg . Disclosing this to newsmen in Lagos, Comptroller General of the NCS, Mr. Adewale Adeniyi, said the process for the sale of the food items has been perfected such that a form with all the ... Read More »

Breaking : Binance and other cryptocurrency firms, banned from operating in Nigeria over alleged manipulation of the forex market, Says FG

The Federal Government has moved against online platforms of Binance and other cryptocurrency firms over alleged manipulation of the forex market. Binance is a digital assets platform which serves as a window for peer to peer transaction allowing users to advertise interest to sell or buy currencies of their choice. On February 5, 2021, the Central Bank of Nigeria (CBN) ... Read More »

Breaking: Fuel Subsidy Ends as FG , States and Councils share N1.149 trillion from federation account in January 2024

A total revenue of N2.068 trillion was collected in the month of January 2024 into the Federation Account. Deductions for cost of collection was N78.412 billion with total transfers, interventions and refunds N639.926 billion and savings N200.000 billion. As a result of the deductions from the total revenue, the Federation Account Allocation Committee (FAAC) shared N1.149 trillion from the January ... Read More »

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