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 […]
By Our Correspondent The Transmission Company of Nigeria (TCN) says an explosion of a capacitor voltage transformer stirred a fire outbreak on Sunday on its Maryland-Ikorodu 132/33kV transmission line-2. In a statement, TCN spokesperson, Ms Ndidi Mbah, said the incident necessitated the emergency opening of the substation at about 7.58 p.m.. This entailed the isolation […]
By Our Correspondent Cambridge University College has announced a Nigerian-born Professor, Ijeoma Uchegbu, as its next President. The Nigerian Diaspora Commission (NiDCOM) has, therefore, sent a congratulatory message to the professor of Pharmaceutical Nanoscience. Abdur-Rahman Balogun, Director of Media, Public Relations and Protocols Unit, NIDCOM issued a statement, congratulating Uchegbu. “A Nigerian-born Professor of […]
By Our Correspondent Retired Maj.-Gen. Tajudeen Olanrewaju has felicitated with former President Muhammadu Buhari, who clocked 81 years on Dec. 17. This is in a press statement Olanrewaju signs and e-mail to TheNewsZenith, on Sunday in Lagos. In the statement, Olanrewaju, former Minister of Communications and Member of the Provisional Ruling Council (PRC) eulogised […]
From Our Correspondent Mr Omoyele Sowore, the 2023 Presidential candidate of the African Action Congress (AAC), on Saturday, asked sick Gov. Rotimi Akeredolu of Ondo State to resign and take care of his health. Sowore, who is also a renowned rights activist, made the call during a town hall meeting at Akure City Hall. He […]
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, […]
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 […]
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 […]