All posts by Ifreke Inyang

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  Lagos plans Hi-Tech traffic management system

  Lagos state Government yesterday concluded a one-week training course for over 500 officers of the Lagos State Traffic Management Authority, LASTMA, aimed at equipping them with necessary knowledge and skills to manage traffic with Hi-Tech equipments. Commissioner for...

  • Posted June 14, 2013
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  FG uncovers N58bn unremitted revenue

  Ministry of Finance has traced N58 billion unremitted revenue of the Federal Government to various bank accounts. It said the funds were ‘hidden’ by unscrupulous bank managers and collaborators in ministries, departments and agencies. The Coordinating Minister...

  • Posted June 14, 2013
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  Oil, gas deposits to deplete in 40 years

  A PROFESSOR of Medicine and sustainable environment advocate, Prof. Vincent Idemyor, has predicted that Nigerian oil and gas deposits, particularly in the Niger Delta region will not last beyond the next 40 years. The US-based Idemyor, currently...

  • Posted June 14, 2013
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  Wapic Insurance’s N3.51bn rights issue excites shareholders

  Shareholders of Wapic Insurance Plc have expressed satisfaction over the N3.51 billion rights issue being embarked on by the company, calling all the existing shareholders to take advantage of the offer to increase their holding. They observed...

  • Posted June 14, 2013
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  Interswitch creates holding coy, spins off core divisions for sustainable growth

  Interswitch Transnational Holdings, a pan-African integrated payment processing and transaction switching company, has announced the spin-off, of two of its core divisions: Verve International and Switching and Processing, as separate, autonomous businesses. The company in a release...

  • Posted June 14, 2013
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  Samsung Heavy to build $3.0bn oil storage in Nigeria

  South Korean shipbuilder Samsung Heavy Industries said Thursday it had won a $3.0 billion order to build a giant offshore oil storage platform in Nigeria. Under the deal with an unnamed client, the shipbuilder will construct the...

  • Posted June 14, 2013
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  Police pull out of FG insurance scheme

  The Nigeria Police Force has pulled out of the group life insurance scheme initiated by the Federal Government for all its workers. It is, instead, seeking approval to have a separate policy solely for its officers and...

  • Posted June 13, 2013
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  NCAA, NDLEA warn cargo handlers against dangerous goods

  Cargo agents operating at the Murtala Muhammed Airport in Lagos have been warned to desist from shipping dangerous and prohibited goods onboard domestic and foreign airlines. The agents were also urged to critically check items given to...

  • Posted June 13, 2013
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  World Bank commits N837.4bn to projects in Nigeria

  The total value of World Bank projects in Nigeria as of May 1, 2013 is N837.4bn, our correspondent has gathered. It was also gathered that the bank had 33 projects in the country with different ages with...

  • Posted June 13, 2013
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  Ikeja Electricity Company offers free pre-paid metres to debt-free consumers

  Ikeja Electricity Distribution Company, yesterday announced free pre-paid metres for consumers who had settled their outstanding bills. The Chief Executive Officer, CEO, of the company, Mr Chris Akamnonu, told the News Agency of Nigeria, NAN, in Ikeja...

  • Posted June 13, 2013
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