53 Local Oil Firms Get N124bn NCDMB Loans For Development   At least 53 local oil service firms have accessed the $300 million Nigerian Content Development Fund (NCDF) between 2018 and this year, the Nigerian Content Development Management Board (NCDMB), has said. The general manager of the...

Reps Order Probe Of Navy’s $195.3m Equipment Contract To Foreign Firm   The House of Representatives has mandated its Committee on Navy to investigate whether the Deep Blue contract agreement is in line with extant laws and regulations, and the standards of all platforms purchased for...

National Assembly Okays N633bn Budget For NCC   The National Assembly has approved a N633.393 billion budget of the Nigerian Communications Commission (NCC) for the 2022 fiscal year. The budget was approved after the Senate and the House of Representatives adopted the reports of their Committees on...

Presidency Spends N34bn On Food, Travels In Six Years   The Presidency’s budgetary allocations for food and travels hit N34bn in six years, according to data obtained from the appropriation bills of the Federal Government within the period under review. A total of N5.16bn was spent on...

Pensioners Receive N17bn Unfunded Liabilities 30 Years After   The federal government has paid over N17 billion unfunded liabilities to pensioners after 30 years. The payment is a significant part of the outstanding pension liabilities owed to pensioners of defunct agencies on Pension Transitional Arrangement Directorate (PTAD)...

Fed Govt To Pocket N227bn As MTN, Mafab Win 5G Licence   Nigerian Communications Commission (NCC) has declared MTN Nigeria and Mafab Communications winners of the two slots of the 3.5GHz spectrum auction for the Fifth Generation (5G) network licenses for a total fee of $546m...