Delta targets N70 billion IGR in 2017

Delta state government is targeting N70.1 billion in 2017 fiscal year as its internally generated revenue representing 26.90% of the total projected revenue by the state.
Governor Ifeanyi Okowa stated this while presenting a budget proposal estimate of N270.1 billion for 2017 fiscal year to the [...]

Fri, 11 November 2016

Neigbhouring countries aiding rice smuggling - RIPAN

Rice Processors Association of Nigeria, RIPAN, an association of rice stakeholders have revealed how finished rice is been smuggled with the connivance of authorities of neighbouring African countries and some men of the Nigerian Customs Service manning border posts.  

This revelation was [...]

Fri, 11 November 2016

Remittance Fraud: CBN to freeze accounts of illegal operators

The Central Bank of Nigeria, CBN, has advised Nigerians in The Diaspora to desist from patronizing illegal International Money Transfer Operators, IMTOs, or risk losing their money to them. 

The bank, in a statement from its Acting Director, Corporate Communications Department, Mr. Isaac O [...]

Fri, 11 November 2016

Borno state to gets $1m AfDB grant to reduce malnutrition

A total of $1million has been approved by board of the African Development Bank, AfDB, for immediate interventions for victims of violence in Borno state.

The grant which was approved by the executive directors of the bank as an emergency assistance to support the fight against malnutrition in [...]

Fri, 11 November 2016

Nigeria has lost $450m to hackers, says Shittu

Nigeria is said to have lost over $450million in 3,500 cyber-attacks unleashed on the country’s Information Communication Technology, space in recent times.

The Minister of Communications, Mr. Adebayo Shittu, who made the revelation in Abuja, said investigations carried out by the ministr [...]

Fri, 11 November 2016

Naira stabilizes as DSS raids BDC outlets in Abuja

The recent raid of Bureau de Change outlets by the men of the Department of State Services, DSS, may have finally paid off, as the open market in Abuja has maintained the N400 to a dollar mark set for dealers.

Officers of the DSS last week, raided major Bureau de Change offices in Abuja in an a [...]

Fri, 11 November 2016

2017 budget in its final stage of preparation – Udoma

The Minister of Budget and National Planning, Sen. Udo Udoma, has assured that the 2017 national budget will soon be presented to the lawmakers for approval, as the document is in its last stage of preparation.

Reacting to the perceived setback in the budgeting process as expressed by some Nige [...]

Fri, 11 November 2016

Ongoing infrastructural investment will yield economic growth - Osinbajo

Vice-President Yemi Osinbajo, has said the Buhari administration is convinced that its huge investments in infrastructure would translate into economic growth for the country, as there is always a positive relationship between infrastructure and growth in any economy.
Speaking at the African Dev [...]

Sat, 05 November 2016


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