The National Insurance Commission,NAICOM, said it successfully facilitated claims payment of over N2 billion in 2013.
In a statement, NAICOM said the move is in line with its continuing efforts at ensuring adequate protection of policyholders and insurance consumers over settlement of genuine insurance claims.

The Chairman of Dock Management Nigeria Ltd, Alhaji Moshood Salvador, said government could get N4.6 trillion revenue through the Customs duties and ports charges.
Salvador told the News Agency of Nigeria (NAN) in Lagos that if Federal Government could make port tariffs competitive it would achieve the revenue projections in the 2014 budget.

Edo State Government, has warned that vehicles registered through third parties or agents risk fines or jail terms, just as it announced the suspension of its policy of enforcement of three years tax clearance certificate for prospective plate number applicants.

As part of measures to boost safety and security at airports nationwide, the Federal Government has deployed “hi-tech three-in-one liquid, metal and explosive detection equipment at 22 airports controlled by Federal Airports Authority of Nigeria, FAAN, in the country.

Rivers State House of Assembly, yesterday, passed the N485.52 billion 2014 state budget, after Governor Rotimi Amaechi presented same to a plenary of the House convened at Government House, Port Harcourt, its first sitting since the July 2013 shut down of the House by the Police.

THE People’s Democratic Party, PDP, yesterday, said it would not offer automatic tickets to its incumbent National Assembly members in 2015 in spite of the spate of defections from its fold.

As at end of December 2013, only 39 insurance companies were able to get the National Insurance Commission, NAICOM’s, approval for their International Financial Reporting Standard, IFRS, compliant financial results.
Accordingly, 20 firms were unable to scale through the IFRS hurdle.

Super Eagles forward Ikechukwu Uche increased his goal tally in the current La Liga campaign with a hat trick as Villarreal thrashed Rayo Vallecano 5-2 at the Estadio del Rayo Vallecano on Monday night.

THE Plateau State Police Commissioner, Mr. Chris Olakpe, has said the attacks on villages in some local government areas of the state remains a major headache promising to take proactive measures to contend with likely upsurge in criminal activities as political activities peak towards the 2015 elections.

Osun State governor, Mr. Rauf Aregbesola, yesterday, appointed former judge of the World Court at The Hague, Justice Bola Ajibola (SAN) head of its Omoluabi Peace and Conflict Management Commission.

A couple of representatives of the federal flood insurance program came to College of Coastal Georgia to discuss new higher rates that will be phased in coming years.

The decision of the President to empanel a committee with a mandate of charting the course for a national dialogue was good intentioned. I have emphasized the notion of good intention because this has been the bane of previous attempts at a national dialogue.

All but two life insurers made a profit in the year to June 30, according the latest data from the Australian Prudential Regulation Authority.
Scor Global life reported a $1 million loss, while Gen Re lost $23 million.

GOVERNOR Sule Lamido of Jigawa State, yesterday, presented the 2014 budget estimate of N114.7 billion to the state House of Assembly for consideration and approval.
Speaking during the ceremony, Lamido said the bill was smaller when compared with the 2013 budget by 0.6 percent.

Nine lawmakers in Imeko Afon Local Government Area of Ogun State, yesterday, went into hiding after suspending the council Chairman Tajudeen Ayilara for allegedly misappropriating the Council funds.
The atmosphere was tensed immediately the nine lawmakers out of 10 passed vote of no confidence on the Chairman who was accused of reckless spending of the council fund without the approval of the legislative house.