Committed to make a better world for its customers through diverse business and innovative technology, manufacturing giant in electronics and home appliances, Samsung has announced a new partnership with DjCom limited to float the first LCD and Plasma television manufacturing plant in Nigeria.

Internet Services Provider, Linkserve Limited, last week announced that its new product, Blast Broadband, making tremendous in-road into the market exciting a lot of customers who have used the product to lift their businesses.

The new governing Council of the Bank Directors Association of Nigeria (BDAN) has approved a framework for partnership with CBN and other regulators in driving reforms in the Nigerian banking industry. This initiative by BDAN is aimed at strengthening oversight and supervisory functions of Directors in the Banks.

Life reinsurance market has evolved dramatically in the past decade. While almost 10 companies used to write 85% of the business, today the top five players write 85% of the business.

Life reinsurance market has evolved dramatically in the past decade. While almost 10 companies used to write 85% of the business, today the top five players write 85% of the business.

Bill Gates, co-chair of the Bill & Melinda Gates Foundation, gave the Kick Polio Out of Africa (KPOA) campaign a boost today by signing the football which is traveling from Cape Town to Egypt ahead of the 2010 World Cup.

Act establishing Minimum Loss Ratios (MLRs) for health insurers will commence from January 1, 2011.
By the Patient Protection and Affordable Care Act (HR 3590), now public law 111-148, signed by President Barack Obama on March 23, 2010, insurers are required to spend at least 80 cents of every premium dollar paid by individuals and small groups, and no less than 85 cents of premiums collected from large groups, on direct medical care expenses. Insurers that do not meet these thresholds will be required to rebate the difference to policyholders or deduct it from the subsequent year’s premiums.

EX-Militants in the Ese- Odo Local Government Area of Ondo State recently went on the rampage in Akpata Community.

Insurance operators are surveying the best method to comply with operational guidelines for 2010 releases by the national Insurance Commission NAICOM)

Nigerian insurance operators are already eyeing Liberia insurance market for in their expansion drive to explore other African countries. Some insurance chieftains were seen discussing with Liberian Insurance Commissioner, Mr Joday Sesay.

The management of Dangote Group at the weekend confirmed plans to increase its shareholding in South Africa’s Sephaku Cement Limited from the present 19.8 per cent to 64 per cent.