Awareness and the perception of insuring public towards insurance are fast changing for the better says Mr Femi Okuniyi, Managing Director of Goldlink Insurance Plc.

The management of Union Bank of Nigeria Plc has paid a total of about N12 billion to its 1,742 retired and disengaged staff between 2000 and 2008 in terms of retirement benefits, gratuity and pensions.

The Group Managing Director of the NNPC, Malam Shehu Ladan, says the Petroleum Industry Bill (PIB) will promote economic activity among Nigerian ship owners who freight crude oil. An NNPC statement in Abuja on Monday quoted Ladan as speaking at a reception held in his honour and two other members by the Indigenous Ship-owners Association of Nigeria (ISAN) in Lagos.

Part of the reorientation campaign should be focused on encouraging Nigerians to buy and use new products, especially those of good quality made in Nigeria. It is safer and cheaper in the long run. The encouragement of credit and hire purchase systems will help in no small measure.

The unprecedented liquidity created by countries to fight the economic crisis could create problems for policymakers in some advanced and emerging market economies with relatively strong growth prospects and higher interest rates, the International Monetary Fund said in a new report.