Mansard Insurance plc, a member of AXA Group has announced the completion of its acquisition of 60 per cent of Penman Pensions Limited in a move aimed at consolidating the insurer’s position as one of Nigeria’s leading non bank financial services groups.

Miss Gbemisola Atinukeola Abiola of the Federal Polytechnic, Ibadan has emerged the winner of the 4th edition of the essay competition organised by Consolidated Hallmark Insurance, CHI, Plc for tertiary institutions in the country, instituted to encourage research among students. Accordingly, Gbemisola went home with N250,000 from the initial N100,000 which previous winners got.

The Nigeria National Petroleum Corporation, NNPC, has warned that a number of oil projects in the country are expected to suffer delays due to the continuous decline in crude oil price.

There have been two huge developments in Nigeria’s petroleum sector over the last couple of days. First was the (still not officially confirmed) news that filtered into various international media that oil trading giant Trafigura had ended the Nigerian oil swap deal. The second was the announcement by the Petroleum Minister that the pump price for petrol has been reduced from N97 per litre to N87 per litre.

The series on “You can invest”, which dove-tailed into the one on “Why you are not investing”, received interesting responses from readers.