FGFG to kick-off nat’l programme for broadband penetration

The federal government has concluded arrangement for a national programme for Infrastructure Companies, InfraCos, to increase broadband penetration in the country starting later in the year.

The four year intervention seeks to increase broadband penetration across all geopolitical zones of the [...]

Sat, 03 November 2018

36% privatised enterprises are failing – BPE

At least 36percent of the privatisation deals handled by the federal government have not lived up to expectations the Bureau of Public Enterprises, BPE, has revealed.

Director General of the Bureau Mr. Alex Okoh, made the assertion at the end of ‘Anti-Corruption and Bribery’ worksho [...]

Sat, 03 November 2018

PenCom fines defaulting employers N129mn

The National Pension Commission, PenCom, said it fined defaulting employers a total of N129.32million between April and June this year, as penalties for failing to contribute into the scheme.

The fine is part of the N465.02million outstanding pension contributions recovered from defaulting empl [...]

Sat, 03 November 2018

AfDB promotes disaster risk management in Africa

The African Development Bank has approved the Africa Disaster Risks Financing Programme, ADRiFi, to boost resilience and response to climate shocks in member countries.

AfDB in a press statement believes that the comprehensive climate risk management programme open to regional member countries, [...]

Sat, 03 November 2018

Corporate governance: CBN limits family influence on BDCs

The Central Bank of Nigeria has limited the number of family members that can be admitted into the board of Bureaux De Change, BDC, operating in the country.

In a new code of corporate governance rules for BDCs, the apex bank stipulates that with effect from December 1, 2018, only a maximum of [...]

Sat, 03 November 2018

Nigeria records N43bn shortfall in September allocation

A total of N648.710 billion has been distributed between the Federal, States and Local Government Councils as Federal Allocation for the month of September, 2018.

The amount, shared at the FAAC meeting presided over by the Minister of Finance, Mrs Zainab Ahmed, represents a decline of N43.13bn [...]

Sun, 28 October 2018

FG to assess TSA performance

The federal government said it is has concluded arrangement to introduce a performance audit of the Treasury Single Account, to help government assess the management of the account

The Auditor-General for the Federation, Anthony Ayine, said the audit will among other things, seek to determine t [...]

Sun, 28 October 2018

Microfinance banks capital base now N5bn

The Central Bank of Nigeria has increased the minimum capital requirement for microfinance banks in the country, with national microfinance banks required to have a minimum capital base of N5billion.

The apex bank announced the upward review of the minimum capital requirement in a circular to a [...]

Sun, 28 October 2018


Latest posts

PhotoWomen urged to take advantage of ICT to enhance trade

The President of Nigeria-Italy Trade Association, Mrs. Nkiruka Ok [...]

06 April 2021

PhotoFGGC, Bwari Celebrates annual Commonwealth Day

Students of the Federal Government Girls College, FGGC, Bwari, in [...]

06 April 2021