The mandatory group life insurance provided in the Pensions Act 2004 will now be expanded to cover disability during the life of the insured. This was part of the amendment being sought by operators into the existing law.

ACCRA-Nigeria is yet to pay $59.9million, as part of its “expected contribution” to the twin proposal to build West African Central Bank (WACB) and Stabilisation and Cooperation Fund (SCF), preparatory to achieving a Monetary Integration in the West African Monetary Zone in 2015.

The on-going mass awareness campaign in the Nigerian insurance industry has received yet another boost with the recent enlistment of Intercontinental Wapic Insurance and Crystal Life Insurance.

INSPITE of the plethora of rebuttals by Nigerians against the proposed 6000 Megawatts (Mw) of electricity by December, the federal government has come out hard to reaffirm its stand and commitment over the controversial project.

STAKEHOLDERS in the Nigerian capital market have pledged their readiness to partner with the Securities and Exchange Commission (SEC), on the successful implementation of the accepted recommendations of the Dotun Sulaiman National Committee on the Review of Capital Market Structure and Processes.

DESPITE the global financial meltdown that isis currently affecting several global business interests, African Petroleum Plc a leading company in the Nigerian oil and gas industry has sustained its return to greater profitability.

A venture capitalist and investment management advisor, Alitheia Goodwell Microfinance Bank, a subsidiary of Alitheia Capital, in order to improve the performance of Nigerian microfinance institutions, MFIs, is advocating for the importation of technical capacity so as to make the sector more appealing and also attract increased foreign donor grants.

The Group Managing Director of Oceanic Bank International Plc, Dr. Cecilia Ibru has called for the adoption of a public-private partnership model in fighting diseases and improving healthcare delivery across the country.

OPEC’S annual revenues from oil and gas sales topped $1 trillion last year for the first time, according to figures published yesterday by the cartel.

TRADE Union Congress of Nigeria (TUC), has expressed happiness over the progress of the Petroleum Industry Bill in the senate, saying that with the second reading of the Bill there is hope that Petroleum Industry Bill and the passage Gas Flaring Prohibition Act would be passed before the end of 2009.

SUDAN would increase its crude oil output by 400,000 barrels a day within three to four years thanks to improved oil-extraction technique, said Sudan’s state oil firm (Sudapet) today.

AS oil prices roller-coastered from record highs near $150 per barrel a year ago down to $35, many pointed fingers at traditional scapegoats OPEC and oil sheiks synonymous with the group.

THE oil politics of Nigeria is as aggravating as it is comical. The Babangida government magnanimously gave back 4% of revenue accruing to oil sales and in the present 1999 Constitution the figure was increased to 13%.

TOTAL E&P Nigeria Limited has been commended for its laudable sustainable development initiatives.

FOR two years the price of oil has been dangerously volatile, seemingly defying the accepted rules of economics. First it rose by more than $80 a barrel, then fell rapidly by more than $100 before doubling to its current level of around $70. In that time, however, there has been no serious interruption of supply.