As the nation earnestly awaits the Presidency to act on the recommendations of the House of Representatives Committee on the fuel subsidy probe, insurance experts have urged the Nigerian National Petroleum Corporation, NNPC, to compel oil importers to insure all oil imports with local underwriters in line with the local content directive.

SOME say it is an uncommon feat. Others believes it is unprecedented. And more than a few summed it up as divine. Which ever side of the divide one belongs, the ultimate truth of Senator David Mark’s success as the president of the Senate is that there is the Hand of God here. Except destiny and just a few who are knowledgeable enough to understand the political arithmetic, majority did not give him a chance.

IN an effort to boost child care in the country, Procter and Gamble’s Pampers brand is sponsoring seven Nigerian paediatric doctors to the United States of America (USA) for observership and research scholar programmes.

LAGOS—The Court of Appeal sitting in Lagos, yesterday, dismissed the appeal by Statoil Nigeria Limited, challenging the judgment of a Federal High Court, Lagos, which had ordered it (Statoil) to pay Dr John Abebe and his company, Inducon Nigeria Limited, 1.5 per cent of its profit accurable from the three oil blocs it is exploiting in the Niger Delta.

quate capacity has been identified as a major factor militating against enforcement of regulation in the nation’s financial sector.