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Military Muscle Meets Minerals: Pentagon Buys Into Rare Earth Supply Chain

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The U.S. Department of Defense has entered into a landmark agreement with Las Vegas-based MP Materials.....KINDLY READ THE FULL STORY HERE▶

According to NIVONEWS, a groundbreaking agreement has been struck between the U.S. Department of Defense and Las Vegas-based MP Materials, giving the Pentagon a stake in the rare earth company in exchange for multibillion-dollar support aimed at boosting domestic manufacturing. The deal, described by MP Materials as a “transformational public-private partnership,” includes long-term commitments from the Pentagon to secure and scale up the production of critical materials vital to U.S. national security and industrial competitiveness.

Under the terms of the agreement, the Department of Defense will invest $400 million to acquire newly issued preferred shares in MP Materials, convertible into common stock. This move will ultimately make the Pentagon the company’s largest shareholder, holding a 15 percent stake. According to NIVONEWS, this level of involvement by the U.S. military in a private enterprise is highly uncommon and underscores the strategic importance of rare earth elements in defense systems, smartphones, electric vehicles, and other essential technologies.

The partnership will enable MP to expand its Mountain Pass, California facility—currently North America’s only large-scale rare earth mining and processing site—and to build a second U.S.-based magnet manufacturing plant, which is expected to come online in 2028. The Pentagon has pledged to purchase all magnets produced at the new facility and committed to a 10-year price floor of $110 per kilogram for MP’s products.

According to NIVONEWS, industry analysts see the move as a direct response to China’s dominant control over nearly 70 percent of global rare earth production. The deal aims to enhance U.S. supply chain resilience and reduce dependency on foreign sources. Following the announcement, MP Materials’ stock surged by over 50 percent, signaling strong investor confidence in the venture’s strategic value and future impact on American industrial policy.

NIVONEWS REPORTS”

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How I Deposited Billions In Cash For Emefiele, Witness Reveals

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In the ongoing ₦7.8 billion fraud trial of former Central Bank of Nigeria (CBN) Governor Godwin Emefiele, a prosecution witness has provided testimony regarding massive cash deposits made on his behalf.....KINDLY READ THE FULL STORY HERE▶

Key points from the testimony of the third prosecution witness, Richard Agulu, a former Zenith Bank employee, include:

  • Cash Deposits: Agulu testified that he deposited billions of naira in cash on behalf of the former CBN chief, with the funds delivered to him by Emefiele’s former personal assistant, Eric Ocheme.

  • Account Handling: According to the witness, the money was either deposited into accounts for Kelvito Integrated Services and Ifeabigo Integrated Services or placed in the bank’s vault, following instructions allegedly relayed through Ocheme.

  • Banking Procedures: Despite the large sums, Agulu maintained that he followed standard banking procedures, noting that some clients were granted verbal waivers by senior officials to deposit large amounts of cash.

  • Refusal to Name Officials: When asked to identify the senior bank officials who provided these verbal waivers, Agulu declined to provide names to avoid getting anyone in trouble.

  • Additional Transactions: Agulu also testified that he supervised a transfer of ₦1.6 billion to MG Properties Limited.

The Economic and Financial Crimes Commission (EFCC) is prosecuting Emefiele on eight counts, including criminal breach of trust, conspiracy, forgery, and unlawful possession of properties allegedly linked to proceeds of crime; Emefiele has entered a plea of not guilty. Eric Ocheme, who was named in the charges, is reported to be at large. Justice Yusuf Halilu has adjourned the trial for continuation on November 3, 4, and 5, 2026.

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“From Political Firebrand To Top Diplomat: Fani-Kayode’s Strategic Southern African Move!”

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Former Minister of Aviation, Chief Femi Fani-Kayode, has officially received his Letters of Credence for his role as Nigeria’s High Commissioner to South Africa, Lesotho, and Eswatini. Fani-Kayode announced the news on Tuesday, noting that the appointment followed the approval of the required agrément.....KINDLY READ THE FULL STORY HERE▶

The Letters of Credence were presented to him on behalf of President Bola Tinubu by the Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye. Fani-Kayode stated that he is preparing to report to Pretoria to present his letters to South African President Cyril Ramaphosa and begin his diplomatic duties. Reflecting on his appointment, the former minister—who served in the aviation sector two decades ago—expressed his gratitude to President Tinubu for the trust placed in him and requested prayers for his success in this new role.

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“I’ll Kill For Her!” Kunle Fawole Drops Shocking Bombshell About Ex-Flame Yvonne Jegede!.

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Nollywood actor Kunle Abounce Fawole recently opened up about his relationship with his ex-wife, Yvonne Jegede, in an interview with Chude Jideonwu. While confirming that he no longer holds romantic feelings for her, Fawole emphasized that he maintains a deep sense of responsibility and respect for her as the mother of his son. He expressed a desire to avoid enmity, noting that he would never turn his back on someone he once cared for, and firmly declared his willingness to protect her from harm at all costs.....KINDLY READ THE FULL STORY HERE▶

In a candid conversation with Chude Jideonwu, Kunle Abounce Fawole reflected on his past marriage to Yvonne Jegede. When asked about his current feelings, the actor clarified that while the romantic spark is gone, his protective instincts remain strong. Fawole shared that he prefers to take the blame for past relationship struggles to avoid bitterness, stating that he refuses to harbor grudges. Ultimately, he underscored his commitment to her safety, asserting that he would go to extreme lengths—even potentially resorting to violence—to defend the mother of his child.

Option 3: Short & Punchy

Kunle Abounce Fawole has made it clear that while his romantic chapter with ex-wife Yvonne Jegede is closed, his dedication to her protection is unwavering. During a recent interview, the actor revealed he has no room for bitterness toward past partners. Though he no longer loves her romantically, he stressed that his status as the father of her son drives him to act as her fiercest defender, even going so far as to say he would “kill” for her if she were ever threatened.

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