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Islamic Development Bank, D-8 sign MoU on Cooperation

The Islamic Development Bank and the D-8 organisation have signed a Memorandum of Understanding (MoU) to enhance development efforts and joint expertise, knowledge and resources for the socio-economic development of the countries. The MoU was signed on Friday in Istanbul during the ninth summit of the D-8, which was attended by President Muhammadu Buhari and other D-8 leaders. It was ...

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N246.30bn generated as VAT in Q2 — NBS


ABUJA – The National Bureau of Statistics (NBS) says that N246.30 billion was generated as Value Added Tax (VAT) in the second quarter of the year. The bureau gave the figure  in its `Sectoral Distribution of Value Added Tax’’ for the Second Quarter released on Friday in Abuja. It stated that the value generated in the quarter  was greater than N204.77 ...

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UBA Introduces Video Live Chat with Co-browsing Technology

UBA Building

In recent times, customer behaviour and expectations are ever-evolving and with this challenge, comes the need to meet their needs as well as ensure, new offerings are at the forefront of technological evolution. On the back of this development, UBA a leading innovative player in Financial Services is finding new ways to communicate and engage with their customers. With the ...

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Fuel Tanker Drivers Ask Buhari To Sack Kachikwu


The National Association of Road Transport Owners, NARTO, the Petroleum Tanker Drivers branch of the National Union of Petroleum and Natural Gas Workers, NUPENG, the Petroleum and Natural Gas Senior Staff Association, PENGASSAN, the Depot and Petroleum Products Marketers Association of Nigeria, DAPPMA as well as the Independent Petroleum Marketers Association of Nigeria, IPMAN and the Major Marketers Association of ...

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Okowa presents N298.07bn budget for 2018

Gov Ifeanyi Okowa

ASABA – Delta State Governor Ifeanyi Okowa on Thursday presented a N298.07 billion budget for the 2018 fiscal year to the state House of Assembly presided over by the Speaker, Chief Sheriff Oborevwori, Okowa said that the estimate was made up of N147.5 billion recurrent expenditure and N150.5 billion capital expenditure. He said that the 2018 budget which was christened: ...

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DMO Clarifies Position on $5.5bn External Capital Raising

DMO logo

The Debt Management Office, DMO, has clarified the plans of the Federal Government to source for capital from the International Financial Markets. In a statement, the DMO stated that the proposed USD5.5 billion comprises of two components: USD2.5 billion new borrowing and USD3 billion for refinancing. USD2.5bn: The first component of USD2.5 billion, represents new external borrowing provided for in ...

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FG moves to boost gemstone sector for GDP growth

Mrs Osinbajo gemstones

The Federal Government has unfolded plans to ensure that the country maximise potentials in the gemstone sector to contribute to the GDP and create jobs and wealth for the citizens. Minister of Mines and Steel Development, Dr Kayode Fayemi, who disclose this at the opening session of the 2017 edition of the African Gems and Jewellery Exhibition and Seminar in ...

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Osinbajo leads Dangote, others to Alaghodaro Investment Summit


The Vice President, Professor Yemi Osinbajo, is to lead industry titans including Africa’s richest man and President of the Dangote Group, Aliko Dangote, to the maiden edition of Alaghodaro Investment Summit, to be hosted by the Edo State Government, in Benin City, beginning on November 10. The three-day summit with the theme: “Envisioning the Future,” will explore opportunities for local and foreign direct ...

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JED to install 40, 000 prepaid meters in Plateau, Gombe, others

Prepaid meters

JOS – The Jos Electricity Distribution Company (JED) said it would install over 40,000 prepaid meters across Plateau, Benue, Gombe and Bauchi states in the next three months. The Managing Director of the company, Mr Mohammed Modibbo disclosed this at a press conference on Thursday in Jos. Modibbo said the company has, since inception, distributed over 26, 000 prepared meters ...

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N20bn suit against Zenith Bank adjourned


ABUJA – The FCT High Court, Lugbe, has adjourned until November 29, further hearing in a case filed by Owigs and Obis Ltd against Zenith Bank. The court adjourned the case after the cross-examination of Mrs Uchechi Ikejiaku, the Efab Abuja Branch Manager. The company sued the bank over alleged negligence conduct which caused it to lose series of contracts ...

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