News

Malaysia Picks New King

Published

3 years ago

October 27, 2023

Editor

Malaysia’s royalty on Friday chose an influential sultan from the southern state of Johor to be the country’s next king.

The position is largely ceremonial but oversees major appointments such as the prime minister and serves as the head of Islam in the Muslim-majority country and the commander-in-chief of its armed forces.

Malaysia is a constitutional monarchy, with a unique arrangement where the throne changes hands every five years between rulers of the nine Malaysian states headed by centuries-old Islamic royalty.

Sultan Ibrahim Sultan Iskandar was appointed the country’s 17th king after a conference of rulers in the capital Kuala Lumpur.

The 64-year-old will be sworn in after the incumbent king’s term expires on January 31 next year, before a coronation ceremony several months later.

The system has been in place since independence from Britain in 1957. The outgoing king, Sultan Abdullah Sultan Ahmad Shah, ascended the throne in 2019.

Ibrahim hails from the wealthy and powerful Johor royal family, the head of which commands its private army.

He has a close relationship with Prime Minister Anwar Ibrahim and often comments on Malaysian politics.

He is a hands-on monarch and a fully trained army, navy and air force officer who studied abroad in the United States.

The king also wields the power to pardon convicted figures. In 2018 Sultan Muhammad V, one of Ibrahim’s predecessors, pardoned Anwar, who had served a jail sentence for sodomy.

The role of the king in Malaysia is accorded considerable prestige, particularly among the country’s Malay Muslim majority. Criticism deemed to incite contempt of the king can attract a jail term.

The last time a Johor sultan became king was 39 years ago when Ibrahim’s father, Sultan Iskandar was proclaimed as Malaysia’s eighth king in 1984.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

4 hours ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

4 hours ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

6 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.