MTN Nigeria has proposed the merger of its two finance subsidiaries – Momo Payment Service Bank Limited and Yello Digital Financial Services Limited. This was revealed in its proposed resolutions for its 2023 Annual General Meeting scheduled to hold in April. The company said that the proposed merger will “hold the Payment Service Bank license granted by the Central Bank ... Read More »
Author Archives: NewsThumb Magz
1999 Constitution : Buhari signs Bill compelling President,Govs to form cabinet within 60 days, after inauguration
President Muhammadu Buhari has signed into law the fifth alteration to the 1999 Constitution requiring the President and Governors to send the list of Ministers and Commissioners to the legislature within sixty days after inauguration. The bill, fifth alteration no 23 which is one of the bills which got two third approval of State legislatures, was sent to the President ... Read More »
“I accept the task before me,” Expect a competent cabinet, Youths, women to get big roles and Economic revival, Says President elect Bola Tinubu
NIGERIANS yesterday got an insight into the kind of cabinet President-elect Bola Ahmed Tinubu will form after taking over on May 29. It will be based on competence, youthfulness and with priority for women, but devoid of ethnic and religious consideration, the president-elect said in a statement he personally signed. To those clamouring for the formation of a board-based government, ... Read More »
Update : Alleged N304 million fraud: Ex-NIMASA DG, Baba Jauro, used kids’ firm to launder N120m – (EFCC) witness, Orji
The Federal High Court sitting in Lagos Tuesday heard that a former acting Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Haruna Baba Jauro allegedly laundered N120million through the bank account of a firm he registered in the name of himself, his children and relations. An Economic and Financial Crimes Commission (EFCC) witness, Orji Chukwuma, made the allegation ... Read More »
Bola Tinubu will have a hitch-free relationship with the 10th Assembly, “The issues of zoning did not come up,” Says Ali Ndume
Lawmaker representing Borno South Senatorial District, Ali Ndume has said the President-Elect, Bola Tinubu will have a hitch-free relationship with the 10th Assembly. Ndume, who briefed journalists in Abuja on Monday, said the incoming administration of Tinubu will be what he described as a National Assembly government. This to him is because both Tinubu and his running mate, Kashim Shettima, ... Read More »
Update : Osun tribunal: Appeal Court reserves judgement on Adeleke’s appeal
The Court of Appeal sitting in Abuja on Monday reserved judgement on the Osun State governorship appeal filed by Governor Ademola Adeleke. The appeal filed by Adeleke of the Peoples Democratic Party is against a judgment of the tribunal which invalidated his election as governor of Osun State. The three-member panel of justices led by Justice M.F. Shuaibu began sitting ... Read More »
Money Swap : Pressure on FG, CBN Governor Emefiele over naira scarcity, Supreme Court judgment
….Anger in Ekiti, Osun, others over rejection of old notes .,….Radio presenter slumps, dies while trekking to work THE cash scarcity caused by the naira redesign claimed another life yesterday in Ibadan as pressure mounts on the Federal Government and the Central Bank (CBN) to ease the suffering of the people. The Bayelsa State Government is suing for calm in ... Read More »
APC NWC, summoned an emergency meeting of its Senators and House members-elect to develop a common template for the emergence of the new leadership
As part of its determined efforts to stave off the possibility of having a 10th National Assembly leadership that would be outside of its design, the national leadership of the ruling All Progressives Congress APC has begun moves to ensure the emergence of a party-sanctioned leadership. Consequently, the National Working Committee, NWC, of the party has summoned an emergency meeting ... Read More »
Update : Hon. Olabinjo (BAO) sympathizes with the victims of the train and bus collision in Lagos
The House of Representatives- Member Elect Ifako- Ijaiye Federal Constituency Hon. Benjamin Adeyemi Olabinjo (BAO) sympathizes with the victims while his thoughts and prayers are with the people and government of Lagos State as they grieve the deaths and injuries resulting from the train and bus collision yesterday morning between PWD Shogunle axis in Ikeja.“` Olanijo (BAO) notes that the ... Read More »
A lesson for APC in Lagos and REPORT ON THE INEC ELECTION OF 25TH FEBRUARY, 2023- Hon ABIODUN ABU
The elections was conducted on the 25th day of February, 2023 for the office of the President, Senatorial and House of Representatives. EXAMINING THE ISSUES THAT WORKED AGAINST US AS A PARTY IN LAGOS STATE AND RECOMMENDATIONS IMPROVEMENT. Some of the issues that worked against us during the last elections which resulted in the abysmal performance of our dear party, ... Read More »