Consolidated Hall mark Insurance PLC (CHI) achieved significant growth in all its key performance metrics in 2008 as the company achieved 100 per cent growth in its gross earnings as its gross premium income increased from N1.5bn in 2007 to N3.0bn in 2008.

Board of directors and shareholders of Niger Insurance Plc have at the 39th Annual General Meeting of the company held at Tinapa Business Resort in Calabar, Cross River State approved the promotion of the Executive Director (Finance & Admin) Mr Dauda Kolapo Adedeji as the Deputy Managing Director of the company. The promotion of Adedeji in is in line with the company’s succession plan over the years.

Board of directors and shareholders of Niger Insurance Plc have at the 39th Annual General Meeting of the company held at Tinapa Business Resort in Calabar, Cross River State approved the promotion of the Executive Director (Finance & Admin) Mr Dauda Kolapo Adedeji as the Deputy Managing Director of the company. The promotion of Adedeji in is in line with the company’s succession plan over the years.

The National Insurance Corporation Limited (NIC) of Uganda has announced a gross premium income of 15.26 billion Ugandan Shillings (N1.09 billion) for year 2008, representing an increase of 35 percent over the total earnings of 11.28 billion Shillings (N805.71 million) recorded in 2007.

ORGANISED labour in the nation’s financial institutions, weekend called on the Central Bank of Nigeria (CBN), to further empower and strengthen its surveillance activity of the banking sector to enable it detect/prevent future occurrence of crisis of confidence and perceived misconduct that is

Governor of the Central Bank of Nigeria, Malam Lamido Sanusi, has criticised conventional financial institutions, saying the current economic meltdown has exposed their deficiencies.

In line with its Corporate Social Responsibility (CSR) policy, Centage Mortgage Bank, one of the country’s Primary Mortgage Institutions(PMI), has embarked on a mission to empower the youths through a talent hunt promo.

It was mixed fortunes for a number of companies on the Nigerian capital market which presented their financial statements to the Nigerian Stock Exchange (NSE), last week, as Deap Capital Management and Trust Company Plc recorded significant decline in its bottom lines while NEM Insurance Plc recorded significant improvement in its key financial indices among others.

With confidence ris ing of a recovery from recession, Wall Street faces historically its worst month of the year with memories still fresh from last September’s financial market debacle.

Demand for foreign exchange under the Retail Dutch Auction System (RDAS) fell by 14.5 per cent to $9.5 billion in the second quarter of the year.

Oceanic Bank International Plc said it has recovered over N9 billion within the last two weeks.

Federal government said at the weekend that it has concluded arrangements to take punitive measures against its contractor, Autobahn Techniques for its failure to supply the entire 5000 motorized tricycles also known as Keke NAPEP.

An environmentalist, Prof. Oladele Osibanjo, has advocated compulsory inspection of imported used electrical and electronic equipment at the nation’s ports before they are sold to buyers.

The Icelandic parliament has voted in favour of repaying more than $5bn (£3bn) to the governments of the UK and the Netherlands.

Gov. Rotimi Amaechi of Rivers on Sunday in Abuja said the state government was making efforts to resuscitate the Risonpalm company and Delta Rubber Company.