The National Union of Road Transport Workers (NURTW) has appointed Healthcare PHB Limited as the Health Management Organization (HMO) for its Road Accident Health Insurance Scheme (RAHIS).

As the Chartered Insurance Institute of Nigeria (CIIN) marches into the 51st year of its corporate existence, the institute is repositioning for the greater challenges ahead. Speaking to a Vanguard correspondent, Mr. Adegboyega Adepegba, Director General of the body said that it is a great challenge to consolidate on and sustain the gains and milestone of the last 50 years of the CIIN.

The Managing Director of Meridian Microfinance Bank, Lagos, Mr. Innocent Ezema, is advocating the use of risk management elements by operators in the microfinance sector.

Managing Director of Oceanic Bank International Plc, Mr. John Aboh, has said that the bank would continue to lend and support the development of infrastructural projects across the country. He also assured customers of the bank of the safety of their deposits, saying the bank is safe and sound.

SHELL Petroleum Development Company (SPDC), operated of the Shell/NNPC joint venture on Thursday halted operations at its Utorogu gas plant in the southern Niger Delta following suspected sabotage of the Escravos-Lagos Pipeline system.

The scarcity of funds (liquidity squeeze) in the interbank money market intensified last week prompting cost of funds to rise to 23 per cent

ABUJA -THE Revenue mobilisation Allocation and Fiscal Commission (RMAFC) on Friday warned that the execution of the joint venture cash calls (JVCC) initiated by the Nigerian National Petroleum Corporation (NNPC) was having an adverse effect on the nation’s economy.

TRADE Union Congress of Nigeria (TUC), says aside the obvious shortcomings and loopholes identified by interest groups on the Petroleum Industry Bill (PIB), the body believes the bill seeks to address the injustices and inequities in the Niger Delta by providing for a comprehensive Corporate Social Responsibility, (CSR), package for the oil_producing communities by companies operating in the region.

THE Petroleum Technology Development Fund has said it is collaborating with the Nigerian Institute of Welding to end the dominance by foreign welders and fabricators in the construction jobs in the nation’s oil and gas sector by the year 2010.

Arik Air has resumed services between Abuja and Maiduguri, capital of Borno State. The airline suspended its services to Maiduguri at the end of July following the outbreak of militant activity across the region. The resumption of flights means that Arik Air connects Maiduguri and the Federal Capital six days per week.