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Nigeria’s Mineral Wealth Surpasses $700 Billion, Declares Alake

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Nigeria’s Mineral Wealth Surpasses $700 Billion, Declares Alake....KINDLY READ THE FULL STORY HERE▶

Dele Alake, Nigeria’s minister of solid minerals, has revealed that the country’s mineral resources are currently valued at over $700 billion.

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Alake made the statement while speaking at an event on the sidelines of the United Nations General Assembly, with the theme: “From critical minerals to energy transition: Africa in the driver’s seat.”

He said there is potential for further discoveries, demonstrating Nigeria’s readiness to meet the growing global demand for these essential resources.

Highlighting the significance of the solid mineral development sector, Alake stated that President Bola Ahmed Tinubu has made it a central focus of his administration, with the ambitious goal of making it a pivotal contributor to Nigeria’s national Gross Domestic Product.

He emphasised that Nigeria boasts abundant resources such as lithium, graphite, and rare earth elements.

He pointed out that valuable minerals like lithium, graphite, nickel, and more are found within Nigeria’s borders, and there is a steadfast commitment to developing the entire value chain within the country.

Alake invited foreign investors to participate in Nigeria’s solid mineral sector.

He highlighted the deliberate incentives offered by the government to attract investment, including capital allowances of up to 95% for qualifying capital expenditure, tax holidays ranging from 3 to 5 years, the possibility of capitalising spending on exploration and surveys, and free transferability of foreign currency through the Central Bank of Nigeria for servicing foreign loans and remittances of foreign capital, among other benefits.

He also articulated Nigeria’s determination to be vital in the evolving global landscape, particularly within the solid mineral sector.

”Our goal is clear: Nigeria is well-positioned to play an important role in our new world, and we’re ready to collaborate.

”President Tinubu’s vision for the solid mineral sector is ambitious, and we are determined to make it a reality,” the minister said.

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HEARTBREAK IN AROCHUKWU! Tears Flow Freely As Alexx Ekubo’s Body Arrives For Final Farewell!.

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On Thursday, mourners including family, friends, and colleagues assembled in Arochukwu, Abia State, to welcome the remains of late Nollywood actor Alexx Ekubo as funeral proceedings began. The actor’s body arrived in a convoy, stopping briefly at the Eze Arochukwu palace before being transported to his family home.....KINDLY READ THE FULL STORY HERE▶

  • Passing and Schedule: Alexx Ekubo passed away on May 11 at 40 years old, with his burial scheduled for June 18 in Arochukwu.

  • Community and Industry Presence: Local residents, along with Nollywood stars and other sympathizers, held a procession through the village to honor the actor. Many mourners wore T-shirts featuring Ekubo’s image or carried his photographs.

  • Notable Attendees: Among those paying their respects were celebrities such as Ini Edo, Omoni Oboli, Yomi Casual, and his close friend, IK Ogbonna.

  • Cause and Family: The actor reportedly died following a private struggle with kidney cancer and is survived by his wife, parents, and siblings.

  • Funeral Rites: Following the burial service and interment, a reception will be held at the Mary Slessor School in Amanagwu Village, Arochukwu.

  • Service of Songs: Earlier, numerous Nigerian entertainment industry figures attended a service of songs for the late actor on June 10, 2026.

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PEACE IN OUR TIME? From ‘Bombing’ To ‘Billion-Dollar Investment’—The Shocking Details Of The New U.S.-Iran Accord!.

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The United States and Iran have entered into a historic memorandum of understanding, marking a significant step toward ending months of regional conflict. The agreement, which took immediate effect, sets the stage for a 60-day negotiation period to finalize a binding peace accord, with a formal ceremony to initiate these technical discussions scheduled for Friday in Switzerland.....KINDLY READ THE FULL STORY HERE▶

  • Economic Support: The United States and regional partners have committed to a $300 billion reconstruction and economic development package for Iran to aid in rebuilding infrastructure and reviving the economy.

  • Nuclear Program: Iran has reaffirmed that it will not develop or procure nuclear weapons. Furthermore, the two nations agreed to resolve the future of Iran’s enriched uranium stockpile through a mechanism involving International Atomic Energy Agency-supervised down-blending, while the U.S. pledged to halt new sanctions or military deployments in the region pending a final deal.

  • End to Hostilities: The parties, along with their allies, have committed to an immediate, permanent cessation of military operations across all fronts, including Lebanon, while pledging to respect regional sovereignty and territorial integrity.

  • Lifting Sanctions and Blockades: The U.S. has agreed to remove its blockade on Iranian ports, with a full exit planned within 30 days of the agreement. Additionally, the U.S. will terminate sanctions, unfreeze restricted assets, and issue Treasury waivers to allow for the export of Iranian crude oil and related services, such as banking and transportation.

  • Strait of Hormuz: Iran has committed to reopening the strategic Strait of Hormuz to ensure the safe passage of commercial vessels, with full traffic expected to be restored within 30 days.

The memorandum was signed by U.S. President Donald Trump and finalized with the signatures of Iranian leadership, with mediation support provided by Pakistani Prime Minister Shehbaz Sharif. The final peace settlement is expected to receive endorsement through a binding United Nations Security Council resolution to ensure international legal compliance.

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JUSTICE AT LAST! 5-Year Legal War Over Dr. Tosin Ajayi’s Multi-Billion Naira Estate Finally Ends!.

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A Lagos State High Court in Ikeja has concluded a nearly five-year legal dispute regarding the estate and marital status of the late Dr. Tosin Ajayi, founder of First Foundation Hospital. In her ruling, Justice Oluwayoyin Odusanya declared Adenike Oluwayemisi Ajayi the sole lawful widow of the deceased.....KINDLY READ THE FULL STORY HERE▶

  • Legal Status of Marriage: The court affirmed that Mrs. Ajayi’s monogamous marriage to Dr. Ajayi remained valid until his death in 2020, ruling that a prolonged separation does not constitute a legal dissolution of marriage.

  • Rejection of Helen Prest’s Claims: The court dismissed claims by former beauty queen Helen Prest, who asserted she was also a spouse through a Kalabari customary marriage.

  • Lack of Evidence: Justice Odusanya described Prest’s customary marriage claim as an “afterthought,” noting her inconsistent past descriptions of her relationship with the deceased and the total lack of documentary or photographic evidence.

  • Invalidity of Second Union: Furthermore, the court found that even if a ceremony had occurred, any such union would have been invalid because Prest was still legally married to her previous husband at the time she claimed to have married Dr. Ajayi.

  • Resolution of Estate: The judgment grants Mrs. Ajayi and her children all requested reliefs, including her entitlement to one-third of the personal estate and exclusive rights to apply for letters of administration.

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