The Nigeria Deposit Insurance Corporation (NDIC) has made significant changes to the Maximum Deposit Insurance Coverage that applies to banks in Nigeria. The Managing Director of the NDIC, Bello Hassan, introduced the new coverage standards during a press conference in Abuja. The minimum capital requirements for Deposit Money Banks, Microfinance Banks, Primary Mortgage Banks, and…
The National Bureau of Statistics (NBS) has unveiled a comprehensive report detailing the total capital importation into the country over the past five years. According to NBS, the total capital importation into the country over the past five years has seen a significant decline. Starting from 2019 with $23.99 billion, the figures dropped to $9.68…
In a recent report released by the United Nations, and was obtained by African health report (AHR), it has been revealed that extreme heat significantly raises the risk of stillbirth. The findings underscore the urgent need for action to address the escalating threats posed by climate change to maternal and neonatal health worldwide. Additionally, the…
Healthtracka, a leading healthtech company, is set to host the inaugural Banking on Women’s Health Conference (BWHC) in Lagos, Nigeria, on May 4th, 2024. Ifeoluwa Dare-Johnson, the CEO of Healthtracka, revealed in a press release shared with Africa Health Report, (AHR) that women frequently encounter more health obstacles than men. “These challenges range from menstrual…
In a bid to combat the rising challenge of childhood cancer in the country, the National Institute for Cancer Research and Treatment (NICRAT) has called upon the government to allocate more funding towards its treatment. Dr. Usman Aliyu, the Director-general of NICRIT, made this plea during an interactive session organized by NICRAT, in collaboration with…
Juliet Jacob/Ogbodo Ozioma Favour Reactions have trailed ban on digital banking by the Central Bank of Nigeria (CBN). The apex bank on Monday announced the ban on several microfinance banks, including Moniepoint, Opay, and Kuda, from opening new accounts and accepting new customers. The CBN said the institutions were involved in facilitating cryptocurrency transactions…
President Bola Tinubu engaged in discussions with Microsoft Founder and Philanthropist, Bill Gates, at the World Economic Forum Special Meeting in Riyadh, Saudi Arabia, focusing on the pivotal role of technology in Nigeria’s governance. During their meeting, President Tinubu highlighted five key points: Technology as Anti-Corruption Tool: Tinubu emphasized technology’s potential to combat corruption, stating…
The National Association of Nigerian Students (NANS) has issued a stern call to the Federal government and the Nigerian National Petroleum Corporation Limited (NNPCL) to quickly address the long time fuel shortage plaguing the country. In a statement released by Senator Akinteye Afeez, President of the Senate at NANS Headquarters, On Monday,the organization expressed grave…
Widespread debate over state of origin mandatory requirement for international passport applicants by the Nigerian Immigration Service (NIS) has continue to trigger anger, worry and even condemnation or knocks. Juliet Jacob who takes a critical look at the decision by the NIS to make state of origin paper a mandatory requirement for passport seekers reports…
President Bola Tinubu, has emphasized the importance of his administration’s choice to eliminate the petrol subsidy in order to avoid bankruptcy for the country. Addressing the audience at the World Economic Forum in Riyadh, Saudi Arabia On Sunday, Tinubu explained the rationale behind the removal of petrol subsidies, emphasizing that it was essential for restructuring…
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