From Our Correspondent The Federal Government is reviewing the conditions and procedures for the sale of houses under the National Housing Programme (NHP). The Permanent Secretary in the Federal Ministry of Housing and Urban Development, Mamuda Mamman, announced this in a press statement at the weekend in Abuja. “The ministry is currently in the process […]
From Our Correspondent The Nigeria Customs Service (NCS), Ogun Area Command II, has released a rice-loaded bullion van impounded in April 2022 on the order of Comptroller-General of Customs, Bashir Adeniyi. The Customs Area Controller, Olusola Alade, announced this to journalists, on Friday, in Abeokuta. Alade said Customs impounded the van after being found to […]
From Our Correspondent The Upper Chamber of the National Assembly, on Saturday in Abuja, passed the 2024 budget after a third reading. Before the budget, senators increased the bill by N1.2tn, raising the total appropriation to N28.7 trillion from N27.5 trillion. With a voice vote by the Senate President, Godswill Akpabio, the Senate passed the […]
A malfunctioning robot has attacked a Tesla software engineer, who suffered serious injuries on the floor of the electric car maker’s factory in Austin, Texas. Witnesses told the Information, a news site that the robot pinned the engineer and sank its metal claws into his back and arm. Tesla engineers design the robot to move aluminium […]
By Our Correspondent Finance Minister & Coordinating Minister for the Economy, Wale Edun, says the world could no longer afford the “elevated high levels” of interest-based financing. Edun made the remarks at a forum organised by the Security Exchange Commission (SEC) and the Islamic Financial Services Board (IFSB) in Abuja. Citing man-made and natural […]
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 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 […]
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 The United Nations Industrial Development Organisation (UNIDO) is seeking collaboration with the National Agency for Science and Engineering Infrastructure (NASENI) to reduce energy poverty in Nigeria. The collaboration will be through the domestication of renewable energy solutions and to fast-track industrial development of the country. The Deputy Head of UNIDO Nigeria Office, […]
BY Our Correspondent The Nigerian Content Development and Monitoring Board (NCDMB) says it has rejected 328 expatriate job applications from oil firms since January. Mr Olubisi Okunola, Manager of Strategy at NCDMB, announced this at the capacity building workshop for media stakeholders in Lagos. Okunola said the board had completed 83 per cent of the […]