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 […]
From Our Correspondent The Nigerian National Petroleum Company (NNPCL) says it has discovered about 4,800 illegal connections on its oil pipelines across the country. The Group Chief Executive Officer of NNPCL, Mele Kyari, announced the detection during an interaction with members of the Senate Committee on Appropriations. TheNewsZenith gathered that the interaction focused on the […]
By Abdulfatah Babatunde The Nigeria Employers’ Consultative Association (NECA) has conferred the Investment in Societal Renewal and Corporate Social Responsibility (CSR) award on the Nigeria LNG Limited (NLNG). TheNewsZenith reports that the awards were in recognition of the NLNG’s commitment to Corporate Social Responsibility initiatives in Nigeria. Andy Odeh, NLNG’s General Manager (External Relations and […]
By Abdulfatah Babatunde African Development Bank (AfDB) has granted $148 million in financial support to the Commercial International Bank (CIB) of Egypt to prop up small and medium-sized enterprises (SMEs) and trade. In a statement received by TheNewsZenith on Friday, AfDB said the financial package “comes amid a shortage of foreign currency in Egypt due […]
From Our Correspondent The Chief Executive Officer, Nigerian Communications Commission (NCC), Dr Aminu Maida, has requested Nokia Networks to increase its investments in Research and Development (R&D) in the country. Maida said this is to support the growth of Information and Communication Technology (ICT) in Nigeria. He made the request when a delegation from Nokia […]
By Abdulfatah Babatunde A Nigerian, Dr Ikpeme Neto and two other African entrepreneurs, have emerged winners of the 2023 African Business Heroes (ABH) prize competition, receiving combined grants of $700,000. TheNewsZenith reports that the other winners are Thomas Njeru from Kenya and Ayman Bazaraa from Egypt. In a statement e-mailed to TheNewsZenith on Saturday, organisers […]
From Our Correspondent Nigeria and Germany have signed two Memoranda of Understanding (MoU) on gas supply to Germany and another $500 million worth of renewable energy projects in Nigeria. Ajuri Ngelale, Presidential Spokesman, announced this in a statement on Wednesday in Abuja. Ngelale said President Bola Tinubu witnessed the signing of the two MoUs on […]