Reports have established that the Central Bank of Nigeria has granted an Approval‐in‐Principle for the floating of the Development Bank of Nigeria (DBN) following a successful fund raising of over $1 billion from the World Bank, African Development Bank (AfDB), KfW of Germany and AfB of France.

The Cross State Government yesterday presented cheques worth N 497.28 million 8,129.84 through the state Nigeria Erosion and Watershed Management Project (CRS NEWMAP) to four contractors for erosion intervention within Calabar Municipality as a partnership between it and the World Bank

Mr Darius Ishaku, the Minister of State for Niger Delta Affairs, said training of 100 Niger Delta youths on Information and Communications Technology (ICT) skills would commence on Sept. 15 in Calabar.

As part of means to get rid of cult related activities in Ondo state, the Nigerian Police Force, NPF, Ondo State Command has inaugurated a 39-Man Special Anti Cultism Squad, SACS.

The Niger Delta Development Commission, NDDC, has facilitated the setting up of small-scale businesses for unemployed youths.

AKWA Ibom government has said it had acquired 14, 900 hectares of land for the take-off of Ibaka Deep Seaport in Mbo Local Government Area of the state.

The Federal Government and Benco Energy Limited of Brazil yesterday signed a N144 billion Memorandum of Understanding, MoU, to construct a 700 megawatts power plant in Nigeria.

Communities in Esit Eket and Eket Local Government Areas of Akwa Ibom State have lauded Seven Energy for establishing the N90 billion Uquo Gas Processing Facility in their area and pledged to provide adequate security for the smooth operation of the gas facility.

The National Health Insurance Scheme, NHIS, has launched community based health insurance in Akwa Ibom State, in its resolve to meet 2015 Presidential target of 30 percent national health insurance coverage in Nigeria and to further make the programme more accessible and available to Nigerians.