The Nigerian Communications Commission (NCC) has promised the investing public of its commitment to ensuring transparency and due process in the upcoming auction of two (2) lots of 3.5GHZ Spectrum aimed at improving telecommunication services in the country. The commission made this pledge in a Public Notice issued by its Director, Public Affairs, Reuben Muoka, […]
Tag: revenue
IFAD, FG Train 98,000 Smallholder Farmers On Agric Value Chain
The International Fund for Agricultural Development (IFAD) has disclosed that at least 98,000 smallholder farmers have benefitted from the Federal Government/IFAD-Value Chain Development Programme (FG/IFAD-VCDP) from 2019 to date. The National Programme Coordinator of IFAD-VCDP, Dr Fatima Aliyu, gave these figures on Wednesday at the sidelines of the joint FG/IFAD Mid-Term Review (MTR) Mission of […]
Buhari Launches Re-designed Naira Notes
….Old Notes’ Legality Deadline Remains Sacrosanct – CBN President Muhammadu Buhari on Wednesday unveiled the redesigned N200, N500 and N1,000 Notes shortly before the weekly Federal Executive Council (FEC) meeting at the Presidential Villa in Abuja. The launching of the new Notes came barely 24 hours after the Central Bank of Nigeria (CBN) told […]
FG, Other Tiers Share N736.782Bn In October – FAAC
The Federation Account Allocation Committee (FAAC), at the end of its Wednesday meeting held in Abuja disclosed that it distributed a total sum of N736.782 billion to the three tiers of government as allocation from the federation account in for the month of October. The committee disclosed that out of this amount generated from Gross […]
BPP To Sanction MDAs Over Violation Of Standard Bidding Guidelines …..Seeks Public Input To Draft Bidding Documents
The Federal Government has threatened that effective from 2023, Ministries, Departments and Agencies (MDAs) that failed to adopt the reviewed Standard Bidding documents would be sanctioned. Director General of the Bureau of Public Procurement (BPP), Dr. Mamman Ahmadu, who made this disclosure at a stakeholders’ Workshop on the Review of Draft Standard Bidding […]
ADF Board Approves $27.9Mn Grant For Ghana’s Agric Project
The Board of Directors of the African Development Fund has approved a $27.9 million grant to Ghana for the development of agricultural value chains in the Savannah region to increase climate-resilient production of maize, rice and soybean, support the poultry value chain, and generate employment for women and youth in the country. The grant also aims […]
CBN Raises MPR To 16.5%, Retains Other Rates
…..Says Buhari Will Launch New Naira Notes Wednesday The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR), the benchmark interest rate, by 100 basis points to 16.5%, at the end of its two-day meeting in Abuja. The latest MPR is the highest lending […]
NCC-CSIRT Advises Users On Steps To Avert Somnia Ransomware Risks
In response to the discovery of a new attack that compromises victims’ VPN (Virtual Private Network) accounts to compromise messaging app, Telegram, the Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has advised users to adopt two-factor authentication to protect their Telegram accounts and to not download unknown Advanced IP Scanner Software. Ukrainian cyber experts discovered the […]
CBN To Reduce N500, N1000 Naira Notes In Circulation
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said that the apex bank planned to reduce the volume of N500 and N1000 notes in circulation “over time” as part of its moves to tame the spiking inflation in the economy. The governor, who spoke on the move while responding to questions about […]
FG Commences Cash Disbursement To Niger State Beneficiaries
The Federal Government has commenced the disbursement of soft loans to 3,166 vulnerable and low-income groups involved in productive activities in Niger State under its Government Enterprise and Empowerment Programme (GEEP 2.0) The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajia Sadiya Farouq, announced the cash disbursement kick-off on Tuesday during the inauguration […]