A cargo scanner valued at over N750 million is lying idle at the Calabar port, the Chief Executive Officer of Global Scansystems Ltd, Mr Fred Udechukwu, has said. Udechukwu told the news Agency of Nigeria (NAN) in Calabar on Monday that one year after his firm installed the HCV Mobile scanner, the scanner had only performed less than 5 per cent of its installed capacity.

Dr Shamsuddeen Usman, Minister, National Planning Commission, on Monday in Abuja said Nigeria ‘s Vision 20:2020 document would be released in October. Usman told the News Agency of Nigeria (NAN) that this would set the development agenda for Nigeria.

The Acting Managing Director of NDDC, Mr Power Aginighan, on Monday in Abuja solicited the support of the Senate to ensure continued survival of the commission.Defending the commission’’s 2009 budget of N96.62 billion before the Senate Committee on Niger Delta, Aginighan appealed to the committee to ensure that the 50 per cent due to the commission from the Ecological Fund for 2009 was given to it.

Property catastrophe rates increased   for midyear renewals, but not as much as reinsurers had hoped and insurers had feared, brokers and reinsurers say.

The mandatory group life insurance provided in the Pensions Act 2004 will now be expanded to cover disability during the life of the insured. This was part of the amendment being sought by operators into the existing law.