By Favour Nnabugwu
National Insurance Commission (NAICOM) may still have a long way to go in enforcing the six compulsory insurance policies particularly on public liability as vehicle owners affected in the recent bomb blast at the Police Force Headquarters will not get compensation.
Insurance companies are not liable to pay compensation to affected vehicle [...]
Fewer Americans purchased previously occupied homes in May, lowering sales to their weakest point of the year.
Home sales sank 3.8 percent last month to a seasonally adjusted annual rate of 4.81 million homes, the National Association of Realtors said. Economists say that’s far below the 6 million homes per year sold in healthy housing markets.
Prof. Francis Ojaide was inaugurated the 47th President of the Institute of Chartered Accountants of Nigeria, ICAN, two weeks after about a decade and half as Council member of the organisation. In this interview with our Abuja Bureau Chief, Emma Ujah, the new ICAN boss said that corruption I driven by ignorance of the true essence of life and must be brought down for the Nigerian society to progress. He also urged the Jonathan administration to give priority to electricity power supply and an efficient transport system. The Fellow of ICAN equally outlined some of his areas of focus as ICAN President in the next one year.
President, Association of Senior Staff of Banks in the country, Comrade Sunday Olusoji Salako has vowed that his Association will not allow the CBN to throw thousands of workers out of jobs and bring the economy to a halt in its planned liquidation of the eight rescued banks if they failed to recapitalise at the end of September.
ABOUT 130 people were arrested in Enugu, yesterday, by officials of Enugu State Waste Management Agency, ESWAMA, for allegedly failing to participate in the monthly sanitation.
The value of investment on the Nigerian Stock Exchange, NSE, dipped last week by N12.01 billion as the indices for measuring the performance of listed equities, the market capitalisation and all-share index both dipped by 0.15 per cent each.
Shareholders of Conoil Plc have commended its Board of Directors and management for the improved performance attained for the financial account ended December 31, 2010.
The Managing Director of Starcomms Plc, Maher Qubain has reasserted his position that consolidation in the CDMA segment of the telecommunications market and a fair playing ground for all networks are vital considerations in the effort for proper development of the telecoms market in the country.
The current issue of the authoritative soccer magazine, 442, Nigeria provides me the subject for my column today.
For those Nigerians whose sports lifes revolve round the European leagues, the off season period is often a nightmare that refuses to go away till early August.
ABUJA- As part of moves to increase the potential growth of the country, the World Bank disclosed weekendthat plans have been concluded to inject $4.185 million in the Nigeria Fadama project.
Investors’ appetite for Federal Government of Nigeria’s, FGN Bonds increased last week, with a significant improvement recorded in trading in the Over-the-Counter, OTC, Bond market, as investors staked N141.688 billion on 157.68 million units of bonds in 1,064 transactions.
A robust and vibrant insurance industry is essential for the development of the housing sector in the country which is currently being hampered by paucity of funds.
IN the past week, four incidents in three countries detailed the killing attention African governments give education. We do not believe the cases are isolated. Only their devastating consequences vary from one country to the other.
The Obasanjo, Yar’Adua and Jonathan administrations have all decried what they consider to be the unnecessary and stifling burden placed on the economy by government’s increasing subsidy on the price of petrol. Last week, the Finance Minister, Olusegun Aganga was quoted in an interview he granted in faraway London that the cost of subsidies which touched N1 trillion (N1, 000bn) in 2009 would fall to about N520bn according to CBN estimates.
News
- Boko Haram: Suswam beefs security around religious centres
- We are open to dialogue with Boko Haram – Kwankwaso
- S/Court judgment: Sylva reacts, says ruling is temporary setback
- Onokpite’s death: Court orders autopsy
- 15 traders killed, burnt by gunmen in Zamfara
- Jubilation in Yenagoa as Police seal Govt House
- Sack of 5 govs: We accept S/Court judgment – PDP



