The Nigerian Stock Exchange (NSE) has lauded the return of activity in the secondary market for bonds, calling on operators in the Nigerian capital market to ensure the growth of the sector by participating actively in the market.

The global financial crisis which spiraled into credit crunch has seen experts examining the application of enterprise risk management in organisations. Risk management has become the latest lexicon which interest now cuts across all professions. In this interview, Engineer Jacob Adeosun, one of Nigeria’s few risk management experts speaks of the imperatives of risk management in all facets of life.

Standard Alliance Insurance Plc has introduced a scratch card device aimed at tackling fake motor insurances and also to drive the sales of its motor third party product.

Standard Alliance Life Assurance Ltd, a member_company of Standard Alliance Group, has disclosed it paid out N4,74billion as maturities, value and death claims to its affected group and individual life policyholders during its operations covering three years from 2007 to 2009.

The Risk & Insurance Management Society on Thursday voiced its disappointment in the New York State Insurance Department’s final producer compensation regulation, calling it a “180-degree shift from previous versions in terms of its commitment to consumer protection for renewals.

Industrial And General Insurance Plc (IGI) has been appointed the Official Insurer of the Nigeria Premier League (NPL). The endorsement came at a contract signing ceremony attended by officials of IGI AND NPL and Carrier Insurance brokers IN Lagos recently.

Insurance PHB has paid a total claims of over N550 million in the year 2009. A breakdown of the settled claims shows that claims paid on Private Motor Insurance amounted took the largest portion of expended figure, amounting to N304.84million. This was followed by Commercial Motor which took N79,47million cClaims paid for Money insurance businesses stood at N44.54million, while claims on bonds took as much as N33. 79million Consequential Loss insurance attracted a total claims settlement of N28,568,072.08, while Claims on Group Personal Accident attracted claims of N15.73million.

The absence of appropriate risk management models to protect Nigeria’s mono product economy and the dependence of the local stock market on foreign resources combined to deepen the nation’s economic crisis at the onset of global financial meltdown.

AS part of measures to ensure that Cooking Gas is available in every Nigerian home, the Federal Government said that it is prepared to partner with the Nigerian Association of Liquefied Petroleum Gas.

The President of African Development Bank (AfDB, Mr Donald Kabureka says recovery from the global economic recession is modest and fragile.