The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Mr Ernest Ndukwe, says the interconnect rates will be ready next month. Interconnect rates are the rates which service providers pay to each other for terminating calls on their fixed or mobile networks.

Activities at the Open Market Operation (OMO) wing of the money market showed that the Central Bank of Nigeria (CBN) withdrew N110.5 billion from circulation last week. The News Agency of Nigeria (NAN) reports that the CBN also raked in N35.39 billion from the OMO and N75.11 billion on bills at the Primary Market Auction (PMA) respectively.

There are indications that the Federal Government is set to deregulate the oil and gas sector.A statement issued by the Ministry of Finance on Sunday in Abuja quoted the Minister of State in the Ministry Mr Remi Babalola as saying that full deregulation of the oil and gas sector had become necessary.

Customs Area Controller (CAC) of Kirikiri Lighter Terminal Command of the Nigeria Customs Service (NCS), Iya Abubakar Umar, has charged recently promoted officers in the command to justify management’s confidence on them by putting in their best and providing leadership in the discharge of their duties.

The new Group Managing Director/Chief Executive of Union Bank of Nigeria PLC, Mrs. Funke Osibodu resumed office over the weekend with assurances to all stakeholders especially customers that the Bank will not compromise their interests and expectations, and stressed the need for them to remain steadfast with the Bank.