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.

About 474 schools spread across the six geopolitical zones of the country, have so far benefitted from complete set of Internet tools and facilities provided by the Universal Service Provision Fund, USPF. USPF is a special fund set up by the Federal Government under the National Communications Act 2003, designed to provide telecommunications and ICT services to unserved, underserved and deprived groups and communities in the country.

There has been excitement across the globe, especially in the Nigerian IT market as the software giant, Microsoft recently released Windows 7, the newest and the best operating system (OS). With the launch, the Windows 7 software is now available to be installed on new computers and for purchase in computer retail outlets across the world.

There appears to be new dawn in the Institute of Software Practitioners of Nigeria (ISPON), representing the interests of the National Software Engineering and Services Developers Community in Nigeria as new National Executive Council to run the affairs of the Organisation for the next two years has emerged with the Oracle of the Nigerian ICT industry elected as the President.

A new dawn has began at the National Information Technology Development Agency (NITDA), after the inauguration and swearing_in of the Governing Board of Directors with Senator Jubril Martins Kuye , Former Minister of State, Federal Ministry of Finance as Chairman of the Board.

The Nigeria Computer Society has announced plans to hold her first national IT merit award to deserving individuals and organizations in the country.