Immediately after Mimiko was declared winner of the poll, President Goodluck Jonathan and the PDP national leadership issued separate congratulatory messages to him.
Showing posts with label tuesday. Show all posts
Showing posts with label tuesday. Show all posts
Tuesday, October 23, 2012
Ondo PDP castigates Jonathan, national leadership
Immediately after Mimiko was declared winner of the poll, President Goodluck Jonathan and the PDP national leadership issued separate congratulatory messages to him.
Tuesday, October 16, 2012
Resolution in talks to sell Malaysia JV stake
LONDON: British life insurer Resolution on Tuesday said it was in talks to sell its stake in a Malaysian joint venture as part of an overhaul aimed at cutting costs and boosting returns to shareholders.
The company is discussing a sale of its 30 per cent stake in Amlife Insurance Berhad and AmFamily Takaful Berhad back to its joint venture partner, Malaysian lender AmBank Group, Reuters quoted it as saying.
A spokesman said the planned sale formed part of a previously-announced effort by Resolution to streamline its operations and increase cash generation.
The company, created to buy and merge underperforming life insurers, earlier this year called a halt to takeovers and said it would focus instead on squeezing savings out of its existing assets, which include life insurer Friends Provident.
Resolution said its joint venture stake had an embedded value — an industry measure denoting the present value of expected future earnings from life insurance policies — of £38m ($61.00m) as of June 30.
Resolution shares were up 0.3 per cent at 1315 GMT, underperforming a one per cent increase in the FTSE 100 share index.
More Stories in International Business
Source : punchng[dot]com
Police parade two suspected killers of UNIPORT students
The police in Rivers State on Tuesday paraded two of the suspected killers of four students of the University of Port Harcourt.
The two suspects – David Chinasa Ugbaje and Ikechukwu Louis Amadi – were allegedly part of the mob that stripped, tortured and killed Lloyd Toku, Ugonna Obuzor, Chiadika Biringa and Tekena Erikena before setting them ablaze on October 5, 2012 in Omuokiri Aluu community.
The suspects, who were paraded in Port Harcourt, are expected to be arraigned on Wednesday for the murder of the students.
The police are still on the trail of a student of UNIPORT, Coxson Lelebori, who incited the mob to attack the students when they came to his house to collect a debt he was owing one of them.
More details later.
More Stories in News
Source : punchng[dot]com
We are prepared for any emergency – LASEMA
Lagos State Emergency Management Agency on Tuesday said that it was prepared for any emergency arising from flooding in the state.
LASEMA General Manager, Dr. Femi Oke-Osanyintolu, gave the assurance in an interview with the News Agency of Nigeria in Lagos.
He said the state had scaled through the heavy rains without experiencing serious flooding, due to the early preparations and the measures put in place to combat it.
“We are prepared for emergencies as we’ve learnt from the past to prepare for the future.
“The agency has put in place adequate measures to reduce the incidence of flood.
“We have ensured continuous dredging of canals, construction of new primary, secondary and tertiary canals.
“Our preparedness has yielded results.
“Lagos State is not experiencing flooding, in spite of the fact that we are in the coastal region,” he said.
He said that LASEMA was working with engineers in all the 20 Local Government Areas and 37 Local Council Development Areas, to mitigate the effect of the flood.
Oke-Osanyintolu, however, advised Lagos residents to desist from blocking canals with refuse.
He asked them to contact the residential engineers at their respective local governments, for any flooding.
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Source : punchng[dot]com
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