This was disclosed in a statement by the Special Adviser to the Minister, Edward Uchenna Orji, on Saturday. The Nigerian government has summoned all cement manufacturers in the country to a meeting with the Minister of Works, David Umahi, over escalating retailing prices of the product in the market. This was disclosed in a statement by the Special Adviser to the Minister, Edward Uchenna Orji, on Saturday. Podium Reporters had gathered on Friday that the costs of cement jumped as much as 30% as fresh increases in prices and associated products were implemented recently by distributors across the country. Nigeria…
Author: Ajibola Oluwasegun
Those who know Mr. Olayemi Cardoso will agree he got his current job as the Governor of Central Bank of Nigeria on a platter of solid professional background and strong personal attributes. His pedigree is rich as his character is unsullied. Cardoso had a remarkable private sector career where he shone brilliantly in banking, stockbroking, and consulting. Cardoso also came from a very solid family pedigree. Nigeria’s late Prime Minister, Sir Abubakar Tafawa Balewa, appointed his late father, Mr. Felix Bankole Cardoso, as the first Accountant-General of the Federation in 1963. The late elder Cardoso served with an enviable record…
The spokesperson of the Nigerian Police Force, Olumuyiwa Adejobi, has statet that no killer or criminal will go unpunished. This comes as the police confirmed the arrest of more kidnappers in connection with the killing of Naheeba and other crimes. He made this known in a lengthy post shared on his X handle on Saturday, February 17. Part of the post reads: “As Police Confirm Arrest of More Kidnappers in Connection with Killing of Naheeba, Other Crimes. Ever since the gruesome murder of Naheeba, a young female resident of FCT who was kidnapped alongside her sisters at their family residence…
The Federal Government on Wednesday announced commencement of 20,000 affordable mass housing Renewed Hope Cities and Estates project in Lagos State. The project is under the recently launched Renewed Hope Cities and Estates Scheme of President Bola Tinubu to provide 100,000 affordable mass decent housing to Nigerians across the nation. The Permanent Secretary, Federal Ministry of Housing and Urban Development, Dr Markus Ogunbiyi, made the announcement while inspecting ongoing housing projects and government land available for additional construction under the scheme. It was gathered the Permanent Secretary began the inspection with various parcels of land belonging to the ministry at…
The Federal Government has published all the monthly allocations to the three tiers of government for 2023. Office of the Accountant-General of the Federation (OAGF) said it published all the allocations to entrench transparency and accountability. The OAGF gave this explanation in a statement it issued in Abuja yesterday. Director Press at the OAGF, Mr Bawa Mokwa, explained that the Office “is consistent in publishing the details of the monthly revenue allocation by the Federation Accounts Allocation Committee (FAAC) to the three tiers of government”. According to Mokwa, “the OAGF is up to date in the publication of the monthly…
The National Association of Nigerian Students (NANS) have disagreed with the assertion by the Academic Staff Union of Universities (ASUU) that Federal Government’s student loan scheme would keep the beneficiaries perpetually indebted. ASUU had also argued after its National Executive Council (NEC) meeting in Yenagoa, Bayelsa that the initiative would not allow universities to have enough funds to function effectively. But NANS said that contrary to ASUU’s assertions, the scheme represents a ray of hope for many students, especially those facing financial hardship. It therefore advised the umbrella boy of university teachers not to interfere in the implementation of the…
STATE HOUSE PRESS RELEASE PRESIDENT TINUBU APPROVES LEADERSHIP CHANGES IN THE HOUSING AND URBAN DEVELOPMENT SECTOR As part of a holistic approach to repositioning the national housing and urban development sector to meet the present and future needs of Nigerian families nationwide, President Bola Tinubu has approved the reconstitution of the executive management teams of parastatals under the Federal Ministry of Housing and Urban Development: Federal Mortgage Bank of Nigeria (FMBN): (1) Managing Director / CEO — Mr. Shehu Usman Osidi (2) Executive Director (Finance & Corporate Services) — Mr. Ibidapo Odojukan (3)…
The Central Bank of Nigeria (CBN) has issued a notice, dated February 14, 2024, informing international oil companies that they are no longer permitted to repatriate 100% of their foreign exchange proceeds to their parent companies abroad. The apex bank’s directive was contained in a communique signed and released by its Director of Trade and Exchange Department, Hassan Mahmud. The latest development came a week after the House of Representatives vowed to probe banks and financial institutions in the country for failing to comply with Central Bank of Nigeria (CBN) regulations on Net Open Position Limits for foreign exchange. Moving…
In a move to solve the foreign exchange crisis in the country, the Central Bank of Nigeria (CBN) says Personal and Basic Travel Allowances will only be paid through electronic channels and not by cash. The Director of Trade and Exchange Department at the apex bank, Hassan Mahmud, made this known in a circular dated February 14, 2024. The circular titled, ‘Allowable Channels For Payout Of Personal Travel Allowance (PTA) And Business Travel Allowance (BTA)’. “Memorandum 8 of the Foreign Exchange manual and the circular with reference FMD/DIR/CIR/GEN/08/003 dated February 20, 2017, stipulate the eligibility criteria for accessing Personal and…
President Tinubu has approved the appointment and re-appointment of board chairpersons and chief executive officers under the Federal Ministry of Health and Social Welfare. This was revealed in a statement released by Special Adviser to the President on Media & Publicity, Ajuri Ngelale. The statement reads partly: “In furtherance of his determination to bring world-class standards to Nigerian public health administration and to manifest his commitment to deliver affordable and quality care to all Nigerians under governance and regulatory frameworks commensurate with international best practice, President Bola Tinubu has approved the appointment and reappointment of the following Board Chairpersons and…