The World Bank (WB) has cut the global growth forecast for 2023 by 1.2 per cent from 2.9 per cent, warning the world is at risk of a recession. The global financial institution cited a combination of factors for lowering its estimate. The factors are high inflation, rising interest rates and lower investment Other factors […]
The Financial Conduct Authority (FCA), a British financial watchdog, has fined a subsidiary of Nigeria’s Guaranty Trust Bank £7.6 million ($9.3 million) over allegations of money laundering. The FCA announced the fine in a statement, reported by Reuters on Tuesday. It stated that it imposed the fine due to failures in GTBank’s anti-money laundering systems […]
The Federal Government has earmarked N3.25 billion for the first phase of three industrial parks being planned across the country. Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), Prof. Mohammad Haruna, announced this when he visited the Commandant of the Nigerian Air Force Institute of Technology (NAFIT) in Kaduna on […]
Prof. Mahmood Yakubu, the INEC Chairman, says the commission may cancel or postpone the coming elections if the current insecurity across the country fails to improve. Yakubu made the declaration at the validation of election security training resources in Abuja on Monday. Abdullahi Zuru, the Chairman of the Board of the Electoral Institute represented the […]
A Dei-Dei Grade I Area Court in Abuja, on Tuesday, ordered a 28-year-old labourer, Mohammed Musa, to sweep the community police station for six months for stealing N50,000 from his neighbour’s bank account. Musa, who lives in Kubwa, Abuja pleaded guilty to cheating and theft and begged the court for leniency. The Judge, Saminu Suleiman, […]
The Presidential candidate of APC, Asiwaju Bola Tinubu, has promised that his administration would banish hunger if elected as president in next month’s general election. Tinubu made the pledge at the Presidential campaign rally, on Monday in Yola, Adamawa State. `Whatever they did in Poverty Development Party; you know their name, we will replace them […]
A delegation of the National Hajj Commission of Nigeria NAHCON has arrived in Saudi Arabia for pre-agreement documentation for the 2023 hajj. The commission’s Assistant Director of Information and Publications, Mousa Ubandawaki, made the disclosure in a statement on Sunday in Abuja. The team is expected to sign a Memorandum of Understanding (MoU), a pre-agreement […]
Unknown number of gunmen, on Saturday morning, attacked the Igueben Train Station in Edo State, kidnapping many passengers. The NewsZenith gathered that the incident happened at about 4.00 p.m. on Saturday. The Police Public Relations Officer (PPRO) in the state, Chidi Nwabuzor, confirmed the incident, saying the gunmen were armed with AK-47 rifles. Nwabuzor said […]
Borno State Independent Electoral Commission (BOSIEC) has fixed May 20 for the conduct of the local government council election in the state. The Commission’s Director of Information, Hajiya Zara Alhassan, announced this in a statement on Saturday in Maiduguri. Alhassan quoted BOSEIC’s Chairman, Lawan Maina, as announcing this in a meeting with leadership of political […]
By Our Correspondent Managing Director of Nigerian Security Printing and Minting PLC (NSPM), Ahmed Halilu, has allayed the fears of some Nigerians on the quality of the new naira notes. Aliyu gave the assurance in a statement, on Friday, but made it available to The NewsZenith on Saturday. The assurance is in response to concerns […]