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    Five levies Nigerians pay for electronic transactions

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    16 banking transactions exempted from CBN’s new cybersecurity levy

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    FEC okays N190.5m for UI’s research tool

    The Federal Executive Council (FEC) has approved N190.5 million for a research microscope at the premier university, the University of Ibadan (UI), in Oyo State.

    Minister of State for Education, Emeka Nwajiuba, announced this to State House Correspondents at the end of yesterday’s weekly cabinet meeting chaired by President Muhammadu Buhari.

    Nwajiuba said it became necessary to acquire such equipment because the only one being used by the famous institution had become obsolete.

    Also, the FEC approved the construction of three power sub-stations in Kano and Benue states.

    Power Minister Mamman Saleh announced this while addressing State House correspondents at the end of the week’s FEC meeting.

    The minister said the Council also approved the extension of transmission lines in Umuahia, the Abia State capital, and Mbano, in Imo State.

    He said the new sub-sections would expand the national grid for sustainable supply of electricity and improve capacity.

    Saleh said the extension of transmission lines in Abia and Imo states will cost $506,324.40 plus N34,034,000 local content.

    On the amount for the construction of three sub-stations in Zaki-Biam, Benue State, as well as Bichi and Kanyi in Kano State, the minister said the one in Zaki-Biam is $8.6 million while the local content is N2.08 billion.

    The second one in Bichi is $9.6 million, plus N1.7 billion local content.

    According to him, the one at Kanyi in Kano State is $9.5 million, plus N1.7 billion.
    soucre:The Punch

    Latest Posts

    Five levies Nigerians pay for electronic transactions

    The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions. A circular from the apex...

    Dana Air faces backlash over delayed refunds after suspension

    Since the operations suspension of Dana Air, passengers have expressed growing frustration over the airline’s delay in ticket refunds. The suspension, which occurred after a...

    16 banking transactions exempted from CBN’s new cybersecurity levy

    The Central Bank of Nigeria on Monday directed all banks to commence charging a 0.5 per cent cybersecurity levy on all electronic transactions within...

    NYSC DG urges Corps members to promote unity in host communities

    The Director-General of the National Youth Service Corps (NYSC), Brigadier General Y.D Ahmed, has urged Corps members to serve as exemplary ambassadors, promoting unity...

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