Wednesday , 22 January 2025

Author Archives: NewsThumb Magz

Ecobank Nigeria Sensitises Customers On e-Naira

Ecobank Nigeria has commenced an intensive sensitization of its customers on the inherent benefits of the e-Naira, which was recently introduced by the Central Bank of Nigeria (CBN). e-Naira is a Central Bank Digital Currency (CBDC) issued by the apex bank as a legal tender. It is the digital form of the Naira and will be used just like cash ... Read More »

Update : Ataga alleged murder: Illegible statements stall Chidinma’s trial

Illegible statements served on the defence counsels on Tuesday stalled the trial of Chidinma Ojukwu, at a Lagos High court in Tafawa Balewa Square (TBS). Defence counsels complained that the statements contained in the proof of evidence served on them were all illegible and that the audio interviews of the defendants were also inaudible. They stated that the defendants had ... Read More »

Kyari Has Transformed NNPC, Says PPRAC …As GMD Wins 2020 Zik Leadership Award

GMD/CEO of NNPC Ltd, Mallam Mele Kyari has been commended for transforming the fortunes of the NNPC from a position of loss-making into a profit- making venture.   The Public Policy Research & Analysis Centre (PPRAC) gave this commendation while conferring its “2020 Zik Prize for Public Service Leadership’’ on the GMD, at the Eko Hotel, Lagos, at the weekend.   ... Read More »

Update : $32 million fraud: Princess Toyin Kolade debunks allegation, fault detractors’ pull down tactics

With the current story making the round about seasoned businesswoman Princess Toyin Kolade, Iyalaje Oodua, the head honcho of Fisolak Global Resource over an alleged fraud case relating to her client, the business woman has distanced herself from the said case, claiming she has been exonerated in the past but the Police Special Fraud Unit, SFU over the years. The ... Read More »

Festivals Season : FUEL SUPPLY: PLEASE DO NOT PANIC

The general public is hereby adviced not to engage in panic buying of Premium Motor Spirit, more commonly known as petrol. The NNPC has over 1.7 billion litres of petrol in stock and more product is expected to arrive into the country daily over the coming weeks and months. It is therefore unnecessary to entertain any fear of scarcity of ... Read More »

Update : Ikoyi building Collapse : wife, relations fight over late developer’s cash, luxury vehicles and Six More Persons Rescued As Death Toll Rises To 42

Six more people have been rescued from from the 21-storey building that collapsed in Ikoyi, the Lagos State Governor, Babajide Sanwo-Olu, has said. According to a statement on Saturday, the number of people rescued from the collapsed building has now increased to 15. Sanwo-Olu, however, stated that the death toll from the building collapse increased to 42 as of 6pm ... Read More »

MTN sells 575m Nigerian shares as it records strong growth

South Africa’s MTN Group sells 575m Nigerian shares this November, as it announces very strong third-quarter earnings in September 2021. The 547 million shares represent a tiny 3% of its shares in MTN Nigeria. It however makes good the pledge to divest 14 percent of its holdings to local investors. The sale furthers the intent of the company to localize ... Read More »

MTN SHORTLISTS 1000 STUDENTS AS THE MPULSE SPELLING BEE COMPETITION PROGRESSES TO SECOND ROUND

MTN Nigeria has announced the commencement of the second round of the 2021 edition of the mPulse Spelling Bee. The first 1000 participants with the highest score among over 13,000 entrants have progressed to the second round of the competition. Text messages were sent to successful participants and their names have been published on the mPulse website. The shortlisted candidates, ... Read More »

Transcorp Hotels records impressive turnaround in Q3 2021, with a 662% growth in profit

Transcorp Hotels Plc. (the “Company” or the “Group”), (Bloomberg: TRANSCOH:NL; Reuters: TRANSCOHOT.LG), owner of Transcorp Hilton Abuja, Transcorp Hotels Calabar and Aura by Transcorp Hotels, has announced its unaudited Q3 results showing 115 percent growth in revenue year-on-year (YoY) to N14.6 billion and a gross profit growth of 149 percent to N10.8 billion, leading to a profit before tax of ... Read More »

Nigeria must focus on youths to drive inclusive economic growth- Stanbic IBTC

Stanbic IBTC Holdings Chief Executive, Dr. Demola Sogunle, stated in a recent interview that at Stanbic IBTC, we consider infrastructure development as a key driver of economic growth and development. This is one of the reasons behind the launch of the Stanbic IBTC N100 billion Infrastructure Fund. We aim to deploy proceeds of the fund for the development of infrastructure ... Read More »

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