IMF Reveals Factor Hindering Nigeria’s Socioeconomic Development The International Monetary Fund (IMF) has said that Nigeria allocates the majority of its revenue to debt servicing, leaving limited funds for critical development projects. Speaking during the Fiscal Monitor press briefing at the ongoing IMF/World Bank Annual Meetings...

TCN Explains Why Blackout Persists in North The Transmission Company of Nigeria (TCN) has said the blackout affecting parts of Northern Nigeria will persist due to security challenges hindering repairs on critical transmission lines. Despite efforts to restore electricity through alternative means, the TCN said the...

Nigeria, Algeria, Uganda, 10 Others Join BRICS as Partner Countries Nigeria and twelve other countries have joined the BRICS intergovernmental organisation as partner nations, not full members The announcement was made during the ongoing BRICS summit in Kazan, Russia, as the bloc seeks to enhance cooperation...

NCAA to Passengers: Know Compensation for Flight Delay, Missing Luggage, Others The Nigeria Civil Aviation Authority (NCAA) has affirmed that passengers are entitled to compensation for flight delay, cancellation, luggage delay, missing or loss by airlines. Mr Michael Achimugu, the NCAA Director of Public Affairs and...

Food Security: MWFAAN, NITDA Partner to Host Agri-tech Hackathon The Mandela Washington Fellowship Alumni Association of Nigeria (MWFAAN) and National Information Technology Development Agency (NITDA) have formed a strategic partnership to explore digital technology in proffering solutions to the country agricultural challenges. Both organisations will, through...

Nigeria Lost Over $500m To Cybercrime In 2022 – EFCC The Economic and Financial Crimes Commission (EFCC) has raised the alarm over the dangers of cybercrime, saying Nigeria lost over $500 million to it in 2022. This is according to the Chairman of the anti-graft agency...