Oceanic Bank PLC is of fering a good day to both it’s existing and prospective customers.

Deregulation was touted as a process that would encourage oil marketers to import fuel on their own account for sale rather than their almost total dependence on NNPC funded imports. The resultant freer market would encourage competition and petrol prices would presumably come down.

A real estate development firm, Pentagon Real Estate Investment Limited, has been granted a loan of $5 million by the Kenya-based Shelter Afrique for housing development in Nigeria.

Insurance brokers have expressed their displeasure over attempts by financial authorities in the insurance sector to elevate insurance agencies (agents) above brokers to drive the industry’s Market Development and Restructuring Initiatives (MDRI), an initiative of the insurance regulatory body, National Insurance Commission (NAICOM).

in line with the aspirations of the entire insurance industry to recruit future generations practitioners in the sector, succession plans have become imperative for insurance and reinsurance companies, says Mr Adeyemo Adejumo, Managing Director, Continental Reinsurance Plc.