Monday , 24 February 2025

Author Archives: NewsThumb Magz

Alleged N585 Million Scandal : Fund for Vulnerable Groups in Four States was Approved through due Process, Says Betta

The Federal Ministry of Humanitarian Affairs and Poverty Alleviation notes with dismay, on a memo from the Ministry to the Accountant-General of the Federation approving for payment, of the sum of N585,189,500.00 Renewed Hope Grant for Vulnerable Groups for four states, which is currently being circulated in the social media. It is glaring that the same sponsored disgruntled elements in ... Read More »

Just IN : A Tribe Called Judah; Tinubu celebrates Funke Akindele on Her Ingenuity, Creativity and Immense Artistic Talent on Historic Box Office Record

President Bola Tinubu has celebrated the creativity and sheer artistic talents driving Nigeria’s entertainment industry, following the success just recorded by ace Nigerian artist, Funke Akindele, with her movie, ‘A Tribe Called Judah’. The movie, produced and co-directed by Akindele, was released in cinemas in Nigeria in mid-December last year, and after two weeks, it was reported to have grossed ... Read More »

Breaking : Controversy Trails Tinubu’s Palliative items : Each HOR member received N100m while Senators got N200m, yet we did not see or get anything; People in constituencies cries out

Controversy has trailed federal government’s distribution of palliative items worth N200 million and N100 million to senators and members of the House of Representatives respectively. The Senate debunked claims that each of its members had taken stock of FG’s palliative items for their constituents. The chairman of the Senate committee on media and public affairs, Yemi Adaramodu, said he has ... Read More »

Update : P’Harcourt Refinery test-run of 60,000-bpd will be Completed this month, Says NNPCL

The Nigerian National Petroleum Corporation Limited has revealed that test runs at the 60,000-bpd Port Harcourt refinery will be completed this month. “Testing will conclude shortly, ensuring the refinery’s efficient operation. That phase will be completed this month,” Reuters quoted NNPC spokesperson, Femi Soneye, as saying. Soneye added that the test run was a major step towards resuming operations five ... Read More »

Breaking : For Peace To Reign, Fubara’s ally, Ehie drops his lawsuit against 25 Rivers Assembly members

The former member of the Rivers State House of Assembly, who represented Ahoada East Constituency II, Edison Ehie, has dropped his lawsuit alleging contempt against 25 of the 27 members who defected from PDP to APC last year. Ehie’s action seemingly brought an end to the political unrest gripping the state. The seats of 27 members were declared vacant by ... Read More »

Update : Heartfelt Gratitude Extended for Overwhelming Support During Difficult Times, Says Akinkunmi Olabinjo (for the Family )

In the midst of profound grief and loss, the Olabinjo family extends their deepest gratitude to the community and loved ones who offered unwavering support following the devastating passing of their cherished daughter, sister, and grand-daughter. The outpouring of compassion, kindness, and steadfast presence has served as an indescribable source of solace during this challenging period. Words fall short in ... Read More »

Breaking : Stop Panicking, NNPC And marketers deny increase in fuel price to N1,200 per litre, It is just a rumour

The Nigerian National Petroleum Company (NNPC) Limited and marketers have denied rumours of petrol price increase to N1,200 per litre in Nigeria, describing it as mere speculation. It was widely reported on Wednesday, that fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) clashed with the NNPC over fuel subsidy. But, in a statement obtained ... Read More »

Alleged N10b scandal rocks NIPOST’s As Senate Orders Probe of Illegal Shares Transfer

Senate orders deregistration of subsidiaries, probe of shares transfer BPE defends shares acquired in officials’ names The Senate has ordered a probe into the N10 billion restructuring funds released to NIPOST by the Federal Ministry of Finance. This followed the discovery of irregularities in the agency’s subsidiaries – NIPOST Properties and Development Company and NIPOST Transport and Logistics Services Limited. ... Read More »

Update : Osun APC Chairman, Tajudeen, lambasted Aregbesola, for dishonouring the agreement with Tinubu and Akande

The All Progressives Congress (APC), Osun state has tackled former governor Rauf Aregbesola over the claim that his successor, Adegboyega Oyetola reneged on reconcilatory agreements. The APC lambasted the Aregbesola, the erstwhile minister of Interior for reneging on 2020 reconciliatory agreement sanctioned by President Bola Tinubu and pioneer chairman of APC, Chief Bisi Akande. The chairman of APC, Osun State, ... Read More »

NOVA Merchant Bank set to Begin Commercial Banking, Appoints Adebowale Oyedeji as MD/CEONOVA

Merchant Bank Limited, a leading merchant bank in Nigeria, has announced that it is set to begin its conversion to full Commercial Banking Business following its recent requisition of the national commercial banking license from the relevant authorities.To this end, the Bank has appointed Mr. Adebowale Oyedeji, as the new Managing Director and Chief Executive Officer to effectively stir its ... Read More »

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