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.

Despite the availability of Premium Motor Spirit, PMS, also known as petrol, some filling stations in some parts of Lagos continue to sell the product above federal government’s approved regulated pump price of N97 per litre, investigation revealed.

Port Harcourt Electricity Distribution Company, PHEDC, has appealed to the National Assembly to enact a strong anti-theft legislation to empower Power Holding Company of Nigeria, PHCN successor companies to prosecute electricity vandals.

Crude rebounded from its lowest price level in almost three weeks as the U.S. said it will toughen sanctions on Russia, the biggest energy exporter, over the Ukraine crisis.

ABUJA: The management of the Nigerian National Petroleum Corporation, NNPC, has expressed its determination to deliver commercial value for the Federal Government’s gas revolution agenda to ensure efficient gas-to-power, gas-to-industry, and sufficient gas for domestic consumption.