Interfacenewshub

09/03/2024

The Minister of Works, Engr. Nweze David Umahi has issued a 14-day ultimatum to Geld Construction Nigeria Limited/ Tracter Nigeria Limited to justify mobilisation received or have their job terminated.

Specifically, he said, "After 14 days of this warning notice and there's nothing happening, I will come and terminate the job."

He

The Minister, Sen. Engr. Nweze David Umahi however assured that his Ministry would promote indigenous resources, skills and capacities through creating more opportunities for local contractors in the construction industry, especially in the new innovation of concrete technology being used in tough t...

09/03/2024

President Bola Tinubu has suspended indefinitely the Managing Director/CEO of the Rural Electrification Agency (REA), Ahmad Salihijo Ahmad, alongside three Executive Directors of the Agency.

The executive directors affected are: Olaniyi Alaba Netufor, Corporate Services, Barka Sajou Technical Services and Sa'adatu Balgore, , Rural Electrification Fund (REF).

President Bola Tinubu has suspended indefinitely the Managing Director/CEO of the Rural Electrification Agency (REA), Ahmad Salihijo Ahmad, alongside three Exec

04/03/2024

In a development which indicates renewed confidence in the policies of the Central Bank of Nigeria and the economy in general, the Central Bank of Nigeria (CBN), on Friday, March 1, 2024, successfully concluded a sale of government securities, issuing N1.053 Trillion (US$680 million) in short-term instruments as part of its liquidity management exercise.
(OMO)

The sale was not only oversubscribed but attracted a huge proportion of foreign bids.

03/03/2024

It was a bright day full of encomiums on Thursday 29th February, 2024 at the Nigeria Immigration Service headquarters parade ground when the 18th Comptroller- General of the Service, Mrs Carol Wuraola Adepoju bowed out of service, having put in 35 years of hardwork, creativity, perseverance, commitment, loyalty and leadership.

“I want to thank you for setting the record of clearing a backlog of 200,000 passports in 2 weeks.

01/03/2024

The Central Bank of Nigeria (CBN),in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the Revised Operational Guidelines for Bureaux De Change 2015 (the Guidelines), has revoked the licenses of 4,173 Bureaux De Change Operators. The list of affected BDC operators is available on the Bank’s website (www.cbn.gov.ng).

The Central Bank of Nigeria (CBN),in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the

01/03/2024

The Niger Delta Minister, Prince Abubakar Momoh, has been summoned by the House of Representatives Committee on Public Petitions to appear before it on Thursday 7th of March, 2024.

This is contained in the summons dated 21st February, 2024 which was signed by the Committee Chairman. The venue of the meeting is at Room 429 of the New wing while the time has been fixed for 2.00 pm.

The Niger Delta Minister, Prince Abubakar Momoh, has been summoned by the House of Representatives Committee on Public Petitions to appear before it on Thursday

29/02/2024

President Bola Ahmed Tinubu has launched the Expatriate Employment Levy (EEL) guidelines at the State House, Abuja.

The EEL project mandates employers to pay a levy for hiring expatriates, to foster the development of the local workforce and reduce dependence on foreign expertise.

29/02/2024

…….Hails Govt's Fiscal MeasuresThe Monetary Policy Committee , at it's first meeting of the year held on Tuesday took 4 critical decisions aimed at curbing the bullish inflationary trend which has become a feature of the Nigerian economy over the past few years.

The decisions include: raising the MPR from 18.75

The decisions include: raising the MPR from 18.75 to 22:75 per cent, an increase of 400 basis points, adjustment of the asymmetric corridor around the MPR to +100/-700 from +100/-300 basis points. It also raised the Cash Reserve Ratio from 32.5 per cent to 45.0per cent while retaining the Liquidity....

24/02/2024

.....Excess Crude Account Balance Remains Unchanged from December Level

The Federation Account Allocation Committee (FAAC), at its Meeting chaired by the Honorable Minister of Finance and Co-Ordinating Minister of the Economy, Wale Edun, shared a total sum of N1,149.816

Company Income Tax (CIT), Import Duty, Petroleum Profit Tax (PPT) and Oil and Gas Royalties increased significantly, while Value Added Tax (VAT), Export Duty, Electronic Money Transfer Levy (EMTL) and Customs External Tarrif levies (CET)decreased considerably

11/02/2024

…..As Glo, MTN Finally Achieve Amicable Settlement

In order to forestall future occurrence of interconnect debt dispute, like the one just resolved between GLO and MTN, the Nigerian Communications Commission says it will be requesting relevant records and regular updates from MNOs, as well as adopting a transparent approach towards industry indebtedness.

The Nigerian Communications Commission (

…..As Glo, MTN Finally Achieve Amicable Settlement In order to forestall future occurrence of interconnect debt dispute, like the one just resolved bet

07/02/2024

The Benin National Congress has called on Nigeria’s Green chamber, the House of Representatives to investigate the alleged wrongful disengagement of staff believed to be mostly of Edo State origin by the Federal Ministry of Works.

The Benin National Congress has called on Nigeria’s Green chamber, the House of Representatives to investigate the alleged wrongful disengagement of staff bel

30/01/2024

…Felicitates Temile Devt. Company on Acquisition of LPG Carrier

The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria.

The Group Chief Executive Officer of NNPC Ltd, Mr Mele Kyari, led the company’s team to the discussions which held in Seoul, South Korea, yesterday.

…Felicitates Temile Devt. Company on Acquisition of LPG Carrier The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Kore

30/01/2024

The new Permanent Secretary Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya today officially took over at the headquarters of Federal Ministry of Finance,Abuja.

The Honourable Minister of Finance and Co-Ordinating Minister of the Economy, Wale Edun, while welcoming the new Permanent Secretary of Finance said, "The ceremony is a family event, one family and one Ministry, assures of working

The new Permanent Secretary Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya today officially took over at the headquarters of Federal Ministry of Finance,A

26/01/2024

Minister of Interior Dr. Olubunmi Tunji-Ojo expressed confidence that implementing the content codified in the new handbook on citizenship administration would lead to a better Nigeria.

The Minister expressed optimism on Thursday while unveiling the new handbook on citizenship administration in Abuja.

Minister of Interior Dr. Olubunmi Tunji-Ojo expressed confidence that implementing the content codified in the new handbook on citizenship administration would

23/01/2024

…as ECA Balance Stands at 473,754.57 Dollars

The Federation Account Allocation Committee (FAAC), at its Meeting chaired by the Accountant- General of the Federation, Mrs. Oluwatoyin S. Madein shared a total sum of N1,127.408 trillion to the three tiers of government as Federation Allocation for the month of December, 2023 from a gross total revenue of N1, 674.230 trillion.

…as ECA Balance Stands at 473,754.57 Dollars The Federation Account Allocation Committee (FAAC), at its Meeting chaired by the Accountant- General

23/01/2024

…..FCT Commercial Vehicles to Compulsorily Wear Designated Colour Soon

The Federal Capital Territory is ready and gearing up to work with the states contigual to it to bring an end to insecurity in the territory.This

…..FCT Commercial Vehicles to Compulsorily Wear Designated Colour Soon The Federal Capital Territory is ready and gearing up to work with the state

20/01/2024

...... As CBN Holds Preparatory Strategy Session

The first meeting of the Apex Bank's Monetary Policy Committee under the tenure of Mr. Olayemi Cardoso as Governor, has been scheduled for Monday, February 26 and Tuesday, February 27, 2024.

The Acting Director, Corporate Communications Department, Mrs.

...... As CBN Holds Preparatory Strategy Session The first meeting of the Apex Bank's Monetary Policy Committee under the tenure of Mr. Olayemi Cardoso

19/01/2024

The Minister of Interior Dr. Olubunmi Tunji-Ojo has pledged efficiency in service delivery pertaining to all services which the Ministry of Interior renders to the public. He also promised to ensure that such services can easily be accessed by citizens in any part of the country.

The Minister made the promise on Thursday, while hosting HRH Oba Mufutau Mohammed Gbadamosi Ajabadi (I) Esuwoye (II),

The Minister of Interior Dr. Olubunmi Tunji-Ojo has pledged efficiency in service delivery pertaining to all services which the Ministry of Interior renders to

17/01/2024

….Puts In Place Independent Forensic Verification Protocol

The Central Bank of Nigeria (CBN), in its bid to clear the backlog of outstanding foreign exchange liabilities, has paid approximately USD 2.0 billion across various sectors, including manufacturing, aviation, and petroleum. The Bank has also cleared up the entire liability of 14 banks and started settlements with foreign airlines.

….Puts In Place Independent Forensic Verification Protocol The Central Bank of Nigeria (CBN), in its bid to clear the backlog of outstanding foreign ex

16/01/2024

…Warn Council Chairmen Against Abdicating Their Responsibilities

The Minister of the Federal Capital Territory (FCT), Barrister Ezenwo Nyesom Wike has assured residents of the nation’s capital that the FCT Administration is doing everything within its capacity to address the recent security challenges in parts of the FCT.

…Warn Council Chairmen Against Abdicating Their Responsibilities The Minister of the Federal Capital Territory (FCT), Barrister Ezenwo Nyesom Wike has assu

13/01/2024

...Edun Assures of Adequate, Expeditious Funding

The Minister of Finance and Co-Ordinating Minister of the Economy, Wale Edun and his Federal Ministry of Works counterpart, Senator (Engr.)David Umahi have embarked on the inspection of the Abuja - Kaduna - Zaria - Kano Dual Carriage Way.

...Edun Assures of Adequate, Expeditious Funding The Minister of Finance and Co-Ordinating Minister of the Economy, Wale Edun and his Federal Ministry of Wo

13/01/2024

The recently appointed Permanent Secretary Ministry of Interior, Dr Ashetu Gogo Ndayako, on Friday afternoon reported for duty and pledged to work with staff as a family to deliver on the mandate of the Ministry.

She said she was gladdened to hear from the Director, General Services Dr. Peter Egbodo, that she is meeting a well trained Management and staff.

The recently appointed Permanent Secretary Ministry of Interior, Dr Ashetu Gogo Ndayako, on Friday afternoon reported for duty and pledged to work with staff as

10/01/2024

The Central Bank of Nigeria (CBN) has dissolved the Board and Management of Union Bank, Keystone Bank, and Polaris Bank.

The Apex bank explained that "this action became necessary due to the non-compliance of these banks and their respective boards with the provisions of Section 12(c), (f), (g), (h) of Banks and Other Financial Institutions Act, 2020.

The Central Bank of Nigeria (CBN) has dissolved the Board and Management of Union Bank, Keystone Bank, and Polaris Bank. The Apex bank explained that "this a

06/01/2024

…Accuses MD, others of Multimillion Naira Fraud

Benin Development Union (BeDU), a Bini social group, has raised allegations of marginalisation, oppression and fraud against the Managing Director of the Benin- Owena River Basin Development Authority (BORBDA),Engineer Saliu, Osifuemhe Ahmed.

…Accuses MD, others of Multimillion Naira Fraud Benin Development Union (BeDU), a Bini social group, has raised allegations of marginalisation, oppress

12/12/2023

The United Nations Industrial Development Organization (UNIDO) is seeking the collaboration of National Agency for Science and Engineering Infrastructure (NASENI) to reduce energy poverty in the country via domestication of renewable energy solutions and to fast-track industrial development of the country.

The Deputy Head, UNIDO Nigeria Office, Mr.

The United Nations Industrial Development Organization (UNIDO) is seeking the collaboration of National Agency for Science and Engineering Infrastructure (NASEN

12/12/2023

By TAIWO AKERELE

In this loaded piece, Taiwo Akerele, the former Chief of Staff to Governor Obaseki of Edo State, highlights the insecurity, poverty and pains of the Akoko- Edo Local Government Area people as well as the lack of government presence in the area. It is thought provoking and worth reading to the end.

By TAIWO AKERELE In this loaded piece, Taiwo Akerele, the former Chief of Staff to Governor Obaseki of Edo State, highlights the insecurity, poverty and pai

12/12/2023

The Minister of Finance and Co-ordinating Minister of the Economy, Wale Edun, said the Ministry of Finance is spearheading digitalisation for the purpose of achieving greater efficiency and cost reduction in governance, which will in turn boost the economy.He

The Minister of Finance and Co-ordinating Minister of the Economy, Wale Edun, said the Ministry of Finance is spearheading digitalisation for the purpose of ach

08/12/2023

Following the death on New Year’s Day in 2022 of Most Rev. Paul Olawoore, Bishop of Ilorin (2018-2022) aged 60, Pope Francis has today appointed a substantive new Bishop of Ilorin in the person of Very Rev. Fr. Anselm Pendo Lawani

Monsignor Anselm Pendo Lawani was born on 12 September 1970 in Igarra, Edo State in Nigeria.

Following the death on New Year’s Day in 2022 of Most Rev. Paul Olawoore, Bishop of Ilorin (2018-2022) aged 60, Pope Francis has today appointed a substantive