The Akwa Ibom State government has said that the multi-billion naira Ibaka deep sea port in Mbo Local Government Area of the state would be executed through Public Private Partnership.

Banks and other subsidiaries of holding companies (HoldCos) in the country have been prohibited from acquiring shares in their parent companies.

The Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Gimba Kumo, on Sunday in Abuja said the organisation recovered N1.2 billion from its debtors in four years.

Sequel to the granting of licence to the Nigeria Police Force as 21st Pension Fund Administrator (PFA), the management says it expects the transfer of over N300 billion pension contributions of all police personnel from the other 20 PFA which are currently managing the funds in line with the conditions for the licensing of the Police PFA.

The federal government has concluded plans to reduce the cost of borrowing from banks for manufacturers.

A non-governmental organization, Foundation for Effective Leadership and Development (FELD) has empowered over 23,000 Nigerians, particularly Deltans since inception, three years ago.

The Ministry of Agriculture and Rural Development (FMARD) said it will raise the milk production level of the indigenous cows by 2, 000 litres, to address the current milk deficit occasioned by less than 500 litres of milk of location cow being produced in Nigeria daily.

The carrier lost $97.4 million in the three months ended in June, as it reeled from its second aircraft disaster of 2014 -- the shooting down of a flight over Ukraine. 

The Federal Government has awarded two power transmission projects in Anambra State for a total sum of $14 million (about N2.2 billion).