MEDIA ORGANISATIONS TO ENJOY FINANCING AT SINGLE-DIGIT INTEREST RATES- FG. (PHOTO). #PRESS RELEASE

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 Media Organisations to Enjoy Financing at Single-Digit Interest Rates - FG  President Bola Ahmed Tinubu has directed the Federal Ministry of Industry, Trade and Investment, through the Bank of Industry (BOI), to extend its single-digit interest-rate financing to media organizations in the country. The Minister of Information and National Orientation, Mohammed Idris stated this in Abuja on Wednesday when he received members of the Independent Broadcasting Association of Nigeria (IBAN) on a courtesy visit to his office.   According to the Minister, the gesture is in keeping with the administration’s resolve to create an enabling business environment for the media to operate in Nigeria. “Let me say that the Federal Ministry of Information and National Orientation under my leadership, as part of our five pillars, will support all media platforms in this country, whether they are public or private. “I can tell you that the President has directed the Federal Ministry of Industry, Trade and

SPEAKER OF SOUTH AFRICA PARLIAMENT RESIGNS OVER CORRUPTION PROBE.(PHOTO).


 Speaker of South Africa parliament resigns over corruption probe


Nosiviwe Mapisa-Nqakula, speaker of the South African parliament, has resigned from her position amid a corruption probe against her.


Mapisa-Nqakula tendered her resignation on Wednesday and also stepped down as a member of the parliament.


“My resignation is in no way an indication or admission of guilt regarding the allegations being levelled against me,” she said in a statement.


Mapisa-Nqakula is alleged to have requested bribes in exchange for the awarding of contracts during her tenure as defence minister.


She was defence minister between 2012 and 2021.


Last month, security operatives raided her home as part of the corruption investigation.


On Tuesday, she failed in a bid to prevent authorities from apprehending her.


Mapisa-Nqakula’s resignation comes weeks before next month’s election in the country.


Political analysts say the election may be difficult for the governing African National Congress (ANC) which has been in power since 1994.


The party has faced corruption allegations, including misappropriation of public funds.

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