The Rwandan Government has secured $268 million from the International Monetary Fund (IMF) to confront climate shocks, the Ministry of Finance has said. IMF approved the funding under the new Standby Credit Facility, on Thursday. “The government will use the fund to boost the balance of payments,” the ministry said on social media platform X, […]
By Our Correspondent No fewer than 16,000 families suffered the consequences of flooding in Lagos State in 2022, according to data released by the National Emergency Management Agency (NEMA). Ibrahim Farinloye, Coordinator of NEMA in Lagos, said in a state also that 6,000 farmers lost seedlings and farm produce. In the statement, mailed to TheNewsZenith, […]
From Our Correspondent President Bola Ahmed Tinubu has assured foreign investors of diligent repatriation of their income home and the streamlining of the tax system. Tinubu gave the assurance when he received Letters of Credence from three ambassadors of Hungary, Rwanda and Ukraine, on Friday in Abuja. TheNewsZenith reports that the envoys are the Ambassador […]
By Oscar Japhet The story of Asset Management Corporation of Nigeria (AMCON), just like many other Federal Government agencies, is that of a beautiful concept but with poor implementation. This is resulting to loss of public confidence and damaging the economy. There is no doubt that enormous non-performing loans pose a big challenge to financial […]
A former Facebook diversity programme manager has pleaded guilty to scamming the social media giant out of more than $4 million. Barbara Furlow-Smiles allegedly carried out the scam through a scheme in which she faked business deals in exchange for kickbacks, the Justice Department said. Furlow-Smiles, who served as Lead Strategist and Global Head of […]
Indian parliament suspended as many as 14 lawmakers over their “unruly conduct” during the House proceedings, on Thursday, in New Delhi. All 14 lawmakers belonged to opposition political parties. While 13 lawmakers are from the lower house “Lok Sabha”, one is from the upper house “Rajya Sabha”. Nine suspended lawmakers belonged to the main opposition […]
By Abdulfatah Babatunde The African Development Bank and the International Committee of the Red Cross (ICRC), on Thursday in Geneva, Switzerland, signed a memorandum of understanding to jointly address humanitarian and development challenges in Africa. The MOU further elevates a partnership between the two institutions. The signing took place on the sidelines of the Global […]
From Our Correspondent ………Visits Minister to discuss priority areas The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr Aminu Maida, says transparency will form the bedrock of his leadership as Nigeria’s chief telecom regulator. Maida pledged this when he paid a courtesy visit to the Minister of Communications, Innovation and Digital Economy, […]
From Our Correspondent The Corporate Affairs Commission (CAC) says it is set to delist 91,843 companies for failing to file their annual returns as and when due. TheNewsZenith reports that the commission published the list of the affected companies, marked for delisting on its website last week. This is 2,738 companies less than the 94,581 […]
By Abdulfatah Babatunde Nigeria shined at the ongoing World Radio Communication (WRC) conference, in Dubai, UAE as International Telecommunications Union (ITU) elected two directors of Nigerian Communications Commission (NCC) into its Working Groups. Reuben Muoka, NCC’s Director of Public Affairs, announced this in a statement e-mailed to TheNewsZenith on Tuesday. Muoka quoted the CEO of […]