Nigeria Among 10 Africa’s Most Indebted Nations, External Debt Hits $1.16tn – Report

A recent report from the African Export-Import Bank (Afreximbank) has revealed that Nigeria ranks among the top 10 African countries that are major contributors to the continent’s increasing external debt load. The report titled African Debt Outlook: A Ray of Optimism reveals that, as of the first half of 2024, these 10 nations together account…

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EFCC, France Collaborate on Asset Tracking, Cybersecurity Training

The Economic and Financial Crimes Commission, EFCC and the French government have expressed their commitment to strengthening cooperation in the areas of asset tracking, cybercrime investigation, and security training. This disclosure was made in Abuja on Tuesday, when the Director of Security and Defence Cooperation at the French Ministry for Europe and Foreign Affairs, Lieutenant…

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TCN Reports Nigeria’s Power Generation Reaches 5,713.60MW as Unstable Supply Persists

The Transmission Company of Nigeria (TCN) has announced a new peak power generation of 5,713.60 megawatts, recorded on Sunday at 9:30 p.m. In a statement on its X handle on Tuesday, TCN said this milestone surpasses the 5,543.20MW peak achieved on February 14 by 170.40MW. “Although this new peak is lower than the all-time maximum…

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BVN Fraud: Scammers Steal N329m – NIBSS Reports

A significant fraud operation linked to Bank Verification Number (BVN) enrolment agents has resulted in the theft of N329 million, sparking worries about vulnerabilities in Nigeria’s financial system. According to a report obtained by Africa Health Report on Sunday from the Nigeria Inter-Bank Settlement System (NIBSS), fraudsters took advantage of vulnerabilities in the BVN registration…

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Katsina Partners French Govt, Ocean Energy to Deploy Mini Hydro Technology in Danja Dam

…Gov Assures Farmers of End to Post-harvest losses Hussaini Kafi in Kano Katsina State Governor, Malam Dikko Umaru Radda, led the State Government delegation on a visit to Mini Hydroelectric Power Station in Heudreville-Sur-Eure, France. The Governor, alongside his Special Adviser on Power and Energy, Dr. Hafiz Ibrahim Ahmed explored the institution’s sustainable energy solutions…

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Concerns over NAFDAC’S Relentless War Against Fake and Substandard Drugs Amid Increased Scourge

The question of whether the National Agency for Food and Drug Administration and Control (NAFDAC) is losing its fight against fake drugs is on every lips. The battle by the Agency to make the country free of harmful drugs and foods is seemingly unending. The drug dealers and peddlers are not deterred, rather they devise…

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Customs, CBN Strengthen Partnership to Implement Technology-Driven Trade Reforms

…As NCS Prepares to Activate B’Odogwu in Other Commands The Comptroller-General of Customs, Adewale Adeniyi, has reaffirmed the Nigeria Customs Service’s (NCS) commitment to enhancing collaboration with the Central Bank of Nigeria (CBN) to facilitate trade and boost revenue generation—a development he said would benefit all Nigerians. CGC Adeniyi made this known on Thursday, 27…

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House of Reps Summons Oil Companies over ₦9.4tn Debt

The House of Representatives Committee on Public Accounts, has launched a series of investigative hearings to address the staggering ₦9.4 trillion owed by several oil companies to the Federation Account. According to a statement released on Monday by Spokesperson for the House of Representatives, Rep. Akin Rotimi Jr. the probe follows findings from the Auditor-General’s…

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