All posts by Ifreke Inyang

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  FG concessions 33 silos, saves N100bn

  The Federal Government is to save N100bn from the concession of 33 silo complexes in 32 states of the federation including the Federal Capital Territory, the Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, has said....

  • Posted October 17, 2013
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  SON meets electrical dealers over substandard bulbs

  Standards Organisation of Nigeria (SON) will be meeting with the Electrical Dealers Association of Nigeria and the General Electrical Dealers Association at the Alaba International Market in Lagos on Saturday. Dr. Joseph Ikem Odumodu, Director-General SON, told...

  • Posted October 17, 2013
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  PFAs invest N195.34bn pension funds in real estate

  A total of N195.34bn out of the assets under the Contributory Pension Scheme  has been invested in the real estate sector by Pension Fund Administrators, investigation has shown. Also, as part of ongoing efforts at enhancing contributors’...

  • Posted October 17, 2013
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  N18.5bn debt: AMCON to take over TINAPA

  The Asset Management Corporation of Nigeria is to take over the management of Tinapa Business Resort following a settlement agreement with the Cross River State Government for the transfer of its controlling interest. By the agreement, AMCON...

  • Posted October 17, 2013
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  WAICA Re builds capacity on marine, aviation risks

  WAICA Reinsurance said it has concluded plans to develop marine and aviation insurance in its training programme. The company said the move is part of efforts to address the challenges in underwriting marine and aviation in the...

  • Posted October 17, 2013
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  NPA approves N57bn Egina vessel development project

  The stage appears set for the development of a $350m (about N57bn) Egina vessel platform integration in Lagos following the final approval of the project by the Nigerian Ports Authority. The project, which is being handled as...

  • Posted October 17, 2013
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  FG woos Brazilians to invest in power

  To ensure rapid development of electricity distribution, the Federal Government has appealed to the Brazilian Government to invest in Nigeria’s power sector with a view to revamping the ailing sector. The Minister of Power, Prof. Chinedu Nebo...

  • Posted October 16, 2013
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  How we spent N453bn on Sure-P — Presidency

  The Presidency on Monday explained how it spent the some of N453.52bn budgeted for the Subsidy Re-Investment Programme in the last two years. The breakdown of the amount showed that in 2012, N180bn was budgeted for the...

  • Posted October 16, 2013
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  Consumers berate PHCN over pre-paid meters

  Some industrialists in Lagos have criticised the Power Holding Company of Nigeria, PHCN, for failure to supply them pre-paid meters after they had applied for the meters some years ago. They alleged that some PHCN officials told...

  • Posted October 16, 2013
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  Oil audit: EITI wants Nigerians to demand enforcement

  The Extractive Industries Transparency Initiative – a global body that ensures transparency around countries’ oil, gas and mineral resources – on Monday urged Nigerians to demand the implementation of the recommendations of the nation’s oil sector audit...

  • Posted October 16, 2013
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