National Insurance Commission, NAICOM, has refused to grant waivers to insurers on payment of outstanding fines. President of the Nigerian Council of Registered Insurance Brokers, NCRIB, Mr. Shola Tinubu, who disclosed this, said that despite NAICOM’s refusal to grant the requested waivers, the Council will continue to maintain harmonious relationship with the regulator.

MEMBERS of the  House of Representatives are collaborating with  stakeholders in Power, Construction and Information Communication Technology sectors toward extending the Nigerian Content Act to the three sectors of the economy. The collaboration was firmed up at the recent workshop organized by the Nigerian Content Development and Monitoring Board (NCDMB) for members of the House of Representatives Committee on Local Content, in Port Harcourt, Rivers State.

Foreign investors’ interest in the equities market has remained on the rise with its percentage contribution to the total equities transaction on the Nigerian Stock Exchange, NSE, rising by 241.1 percent in 11 months ending November 30, 2017.

MANAGEMENT of Egbin Power Plc, has restated its commitment to fast track its planned investments in additional gas pipelines, the proposed Floating Storage and Regasification Unit (FSRU) project for the Egbin Phase 2 project with an estimated capacity of between 1,350 Megawatts, MW, and 1800MW using modern technologies as well as the deployment of renewable energy sources to boost the plant’s productivity.

The Federal Government of Nigeria has started making concerted efforts targeted at attracting foreign and local investors to invest in the nation’s oil and gas industry. In this interview with Udeme Akpan, Mr. James Shindi, the Project Director of the first edition of the Nigeria International Petroleum Summit (NIPS), an African Petroleum Technology and Business Conference (APTC) holding in Abuja from February 19 – 23, 2018, spoke on a wide range of issues.