Aftermath of consistent calls by several groups including the Nigeria Bar Association, NBA, that last Wednesday’s deployment of troops in the airport during President Umaru Yar’adua’s return without the knowledge of Acting President Goodluck Jonathan be probed, Chief of Army Staff, Lt. General Abdurahman Dambazau has stated that no amount of distraction will make the army via off its constitutional roles.

THE current hot weather being experienced in Lagos and other parts of the country has been linked to the El-niño phenomenon, described by experts as an unusual high pressure situation affecting all parts of the world though in different ways.

The management of Intercontinetal Bank Plc, Monday debunked that it has concluded plans with Standard Bank for the acquisition of stakes in the Bank. A statement from Intercontinental Bank’s Group Managing Director, Mr. Mahmoud Lai Alabi, said: “While acknowledging that the Bank is in the process of discussion with all those who have indicated interest in it including Standard Bank, no detailed discussion or negotiations have even commenced not to talk of allotment of shares.”

Governor Babatunde Fashola of Lagos State has blamed the present lack of essential amenities in the state on inability of previous administrations to have second term in office.

ContinentalReinsurance Plc has made a whopping N1.3billion provision for bad debt and diminution in the value of financial assets in 2008

The Risk & Insurance Management Society on Thursday voiced its disappointment in the New York State Insurance Department’s final producer compensation regulation, calling it a “180-degree shift from previous versions in terms of its commitment to consumer protection for renewals.”

BOGGED by the tension brewing in the Aso Rock Villa as a result of the sudden return of ailing President Umaru Yar’Adua from Saudi Arabia where he was receiving medical treatment, Catholic Archbishop of Lagos, Anthony Cardinal Okogie, has called for a silent revolution by Nigerians to resolve the miasma.

Standard Alliance Life Assurance Ltd, a member_company of Standard Alliance Group, has disclosed it paid out N4,74billion as maturities, value and death claims to its affected group and individual life policyholders during its operations covering three years from 2007 to 2009.

Foreign investors have found investment haven in Niger Insurance Plc as talks are on between the 48year-old and some foreign investors that will soon be made known to the public. The investors, Vanguard investigations revealed, are looking beyond providing financial muscle to support the company’s growth but are also ready to provide managerial and technical services which would enable the company the company take its prime position in the sector.

In keeping with its commitment to providing succour and prompt claims payment to its clients, Oceanic Insurance Group has paid claims totaling N71, 053,654 arising from accidental damage to MT ORE OFE Vessel belonging to Col Nigeria Limited.