From Our Correspondent Nigeria’s public debt stock rose from N97.34 trillion ($108.23 billion) in the fourth quarter of 2023 to N121.67 trillion ($91.46 billion) in the first quarter of 2024. The National Bureau of Statistics (NBS) released the stock figures on its website Tuesday. It further stated that the Nigerian Domestic and Foreign Debt Report […]
By Jafar Omoniyi The country will reap many benefits when the Nigeria Customs Service (NCS) completes and rolls out its modernisation project, Mr Ahmed Ogunshola, has said. Ogunshola, General Manager of the Trade Modernisation Project (TMP), announced this during a media tour of the Project Management Office of the Nigeria Customs Service Trade Modernisation Project […]
Artificial Intelligence (AI), the latest global phenomenon, was a major focus at the Caribbean Tourism Organisation’s (CTO) Caribbean Week in New York, where a Ministerial forum looked at leveraging AI for tourism development. During the discussions, Minister of Tourism, Edmund Bartlett, said this technology will be the new frontier for Caribbean tourism. “It must […]
By Abdulfatah Babatunde The African Development Bank (AfDB) has appointed Dr Eric Kehinde Ogunleye, a seasoned macroeconomist, as Director of the African Development Institute, effective June 1, 2024. Ogunleye, a Nigerian national, has nearly 20 years of experience in macro and development economics, capacity development and public governance. The new director has experience in regulatory […]
Tesla shareholders gave a big thumbs-up to CEO Elon Musk’s controversial $56 billion pay package, the company said on Thursday. This is paving the way for the mogul to keep his focus on his biggest source of wealth. Shareholders also approved a proposal to move the company’s legal home to Texas from Delaware. Tesla announced this […]
By Abdulfatah Babatunde A faith-based charitable organisation, the Zakat and Sadaqat Foundation (ZSF) says it collected N871,971,965 zakat within three years from 2021, using these to empower 10,439 Nigerian beneficiaries. Prince Sulayman Olagunju, the Executive Director of ZSF, announced this in an exclusive interview with TheNewsZenith on Friday in Lagos. Olagunju said the ZSF came into […]
By Jafar Abdulfatah The Nigeria Customs Service, Western Marine Command says it intercepted 17 sacks of cannabis sativa valued at N96 million. The Controller, Western Marine Command of NCS, Mr Paul Bamisaiye, announced the inception while handing over the seized hemp to the National Drug Law Enforcement Agency (NDLEA), on Tuesday in Lagos. TheNewsZenith reports […]
From Our Correspondent The Nigeria Deposit Insurance Corporation (NDIC) says it has started the liquidation process of the failed Heritage Bank Plc. It is immediately starting verification and payment of insured deposits to the failed bank’s depositors. This is following the revocation of the bank’s operating license by the Central Bank of Nigeria (CBN) on […]
From Our Correspondent Contrary to viral disinformation in the public space, The Tinubu Media Support Group (TMSG) has said there are no signs that President Bola Tinubu’s administration intends to increase taxes indiscriminately. TMSG made this known in a statement signed by its Chairman and Secretary, Emeka Nwankpa and Dapo Okubanjo, respectively, on Monday, in […]
From Abdulwahab Muhammad, Gombe Gov. Muhammadu Inuwa Yahaya of Gombe State, on Monday, received a joint delegation of three agencies on an investment promotion drive to the state. TheNewsZenith reports that the agencies are the Nigeria Investment Promotion Commission (NIPC) and the United Nations Development Programme (UNDP). The third is the office of the Senior Special […]