From January 1, 2013, any underwriting firm that provides insurance cover without collecting the premium would be liable to a penalty of N500, 000 or lose its license, the Commissioner for Insurance Fola Daniel, has warned.

The Federal Government made many promises, which gave rise to greater expectations from the business community, especially as the President Goodluck Jonathan’s administration was expected to prove its mettle as a duly elected regime, and not one inherited from a predecessor. However, from the beginning of the year till the end, there were operating challenges all the way such that hardly any of the promises made could be fulfilled.

For the second time in two years, the Nigerian Society of Engineers,NSE, has declared that its general election recently was successfully conducted through the deployment of electronic voting,e-voting system designed and produced locally by Nigerian Communications Satellite, NIGCOMSAT Limited.

MR. Aigboje Aig-Imokhuede is a quiet man whose actions speak volumes. Yesterday, the last working day of the year 2012, was epochal in some sense for him. It was the eve of his last full year as Chief Executive Officer of an institution whose culture and character has been defined by the persona of Aig-Imokhuede and a few friends. In under ten years, they not only turned around an institution, but redefined the style and system of the banking industry.

THE Senate will resume on January 19 to face a host of issues it carried over from 2012 after embarking on a recess on Thursday December 21, 2012 for the Christmas and New Year celebrations. Prior to the vacation, Year 2012 began for the Senate with the January 1 fuel hike ‘gift ‘to Nigerians from President Goodluck Jonathan.