Oil prices rose above $72 a barrel on Tuesday, paring gains after earlier jumping more than 2 percent on unprecedented Asian trading volumes. Trades in Brent and then U.S. crude oil futures surged to more than 10 times the norm for the Asian time zone as prices leapt more than $1.50 The jump was led by a sudden spike in Brent buying pinned on fund positioning.

TEXTILE, Garment and Tailor ing Senior Staff Association of Nigeria (TGTSSAN), has decried the failure and inability of the Federal Government to effect the three release of the much talked about N70 billion Textile industrial revival fund years after the federal government promised the fund, saying it shows unwillingness of government to revive the industry.

THE Stakeholders Development Committee (SDC) has identified three major performance indices as a benchmark to be met if government must realise its dream of becoming one of the top 20 economies in the world by year 2020.

The bearish trend recorded in the Nigerian capital market throughout last week, was halted Monday, as gains on the share prices of stocks in the Petroleum (Marketing) sub-sector and other blue chip companies, buoyed the value of listed equities by N99.37 billion.

Lotus Capital Limited has announced the listing of its Islamic Halal Investment Fund on the Daily Official List of the Nigerian Stock Exchange (NSE). The fund was listed on the Memorandum Quotation segment of the official list.

Kwara State governor, Dr. Bukola Saraki, has said the state’s Aviation Academy, expected to take off during the third quarter of the year, was on course.

A novel advertising medium has debuted at the Muritala Mohammed International Airport, Lagos.
Christened the Multimedia Digital Mega Screen, the new advertising platform is the latest initiative of Promoworld Nigeria Limited, the company which specializes in creating and deploying custom and purpose — built advertising for airports in Nigeria.

The Federal Government should not experiment with the appointment of a new Director-General of the Securities and Exchange Commission (SEC) by appointing a learner, says a senior capital market operator.
This was disclosed by the Managing Director/Chief Executive, Partnership Investment Company, Mr Victor Ogiemwonyin, in an article titled, The capital market and the new leadership the market demands.

The Nigerian Aviation Handling Company Plc (NAHCo) has attributed the smooth take off of Delta Airlines’ inaugural flight from Abuja to New York, via Senegal, to the seamless ground handling services it rendered the airline.
According to the company, handling activities on the flight executed with a Boeing 757 aircraft were supervised by Hebert Odika, Lagos Zonal and Commercial Manager and Hassan Yahaya, NAHCo Station Manager, Abuja.

IT is irrational for the poor to save for retirement”. Rob Rusconi, an internationally acclaimed expert in pension provision must have jolted many Nigerians, particularly, government, when he delivered his paper and made the above quoted declaration at the National Conference on the review of the Implementation of the Pension Reform. His paper, “Securing Informal Sector Participation” was perhaps the most awaited of the seven papers delivered at the 2-day conference.

Lagos-based intergovernmental reinsurer Africa Re has been upgraded to single A minus from treble B plus by Standard & Poor’s. The reinsurer said that the improved rating would help the company in its quest for expansion.

Six Chief executive officers of member-companies of Ni gerian Insurers Association has been elected into the highest decision making organ of the trade group. The six CEOs representing six insurance companies were elected last week in Lagos at the annual general meeting of the association.

… fingers Nigeria, others in piracy rise Allianz Global Corporate & Specialty    (AGCS) has suggested that special war insurance policies be introduced to serve the needs of vessels that travel through areas at high risk of piracy. The report, “Piracy: An Ancient Risk With Modern Faces”, notes that “currently, many vessels are insured for piracy […]

Oceanic Insurance Group has in con junction with Aero Airline introduced an online travel insurance scheme to address air travel challenges for its customers in Nigeria and Ghana.

By Patience Saghana Chairman of the Nigerian Insurers Association, Mr Wole Oshin says the industry goals he set for himself on assumption of office is being achieved.  He was reviewing his one year scorecard at the association’s annual general meeting in Lagos.