The Managing Director of Capital Express Assurance Limited, a frontline player in the life insurance sector, Mr. Anthony Aletor, has said that the company no longer celebrates payment of claims as this is one of the major reasons why an insurance company exists to do business. This was disclosed while fielding questions during a media chat in his Victoria Island, Lagos office recently.

Expectations that the reinsurance market will harden for the 2010 renewals is fizzling out. Quiet catastrophe season, improved finances, an improved investment environment, and less demand by primary insurers mean reinsurance prices will be flat to slightly lower levels for January renewals, many observers say.

Fuel scarcity has hit Damaturu, with a litre of petrol and kerosene selling at N125 and N200 respectively on Monday.
The News Agency of Nigeria (NAN) reports that only the NNPC mega station was selling petrol to a long queue of vehicles, while the stations operated by major and independent marketers remained closed with ‘no fuel” signs displayed.

The CBN has mopped a total of N45.8 billion from circulation through the sale of treasury bills. The apex bank said in a statement that it withdrew the amount through the sale of 91 and 182-day tenor bills.
A copy of the statement was made available to newsmen on Monday in Lagos.

Mr. Sunny Onuesoke, a former Delta State PDP governorship aspirant, is the Special Project Director, Ughelli-Asaba Township road dualization project. In this interview with Festus Ahon, he speaks on Delta State government’s efforts in diversifying the economy of the state from oil and gas, and other sundry issues.