Staco Insurance plc has taken on as the official insurer of MTN Lagos Street Soccer Championship Season six even as the underwriter has thrown its weight behind the tournament.

Fidson Healthcare Plc’s shareholders have endorsed proposal by its Board of Directors to increase its authorised share capital from N750 million divided into 1.5 billion ordinary shares of 50 kobo each to N1.2 billion by creation of additional shares of 900 million ordinary shares of 50 kobo each , ranking pari-passu in all respect with the existing ordinary shares.

In a quest to reduce poverty in the economy, the Federal Government is putting finishing touches on the insurance industry bill for onward transmission to the National Assembly.

In its bid to prevent fraud and cyber threats,United Bank for Africa (UBA) Plc, has commissioned a security operations centre and forensic laboratory that provides a complete monitoring of all electronic banking transactions.

The Nigerian Insurers Association (NIA) and the International Monetary Fund (IMF) are exploring means to harness and turn the potentials of the insurance industry into economic growth for the country.

Law Union & Rock Insurance Plc has said it is improving household insurance with COMPAC insurance policy to give more protection to buildings and occupants.

he Department of Petroleum Resources, DPR, Tuesday, said Marginal Fields only account for 2.1 per cent of the country’s total crude production, with a daily production of about 60,000 barrels of oil per day.

The Federal Government has given the assurance that the end is near for the nation’s current power crises, as more gas will be released to feed the power generating plants in the country.

DOCKWORKERS branch of the Maritime Workers Union of Nigeria, MWUN, has called on the National Assembly to set up a high powered committee to investigate alleged unfair labour practices by the largest container terminal in West Africa- APM terminals- and take appropriate action to ensure industrial peace.

Mr. Godwin Anono: What GSK is trying to do is what we call share reconstruction, which is a process where a company reduces the volume of it shares and its shareholders end up losing a lot from their investment in the company. But in this case, the shares, which GSK Nigeria investors will lose, are what foreign shareholders GSK will gain. We have not said they (GSK United Kingdom) should not increase their shares; what we are saying is that they should go and buy at the market price.

If there’s a better petroleum law in the books or proposed than the draft Petroleum Industry Bill (PIB) before the National Assembly, I’d like to know what it is.

The dispute between the Nigerian Maritime Administration and Safety Agency, NIMASA, and the Nigeria Liquefied Natural Gas Company, NLNG, over levy may have ended, but the impact lingers as the price of Liquefied Petroleum Gas, LPG, also known as cooking gas, has soared.

The Nigeria Electricity Regulatory Commission, NERC, has said that the revenue drive of the Eko Electricity Distribution Company, EKEDC, and other considerations tipped it for the metre distribution pilot programme.

The first thing that makes cooperative societies appealing as means of investment is that any group of people can come together to form one. That is why cooperatives exist in the formal sector and informal sector. In the formal sector, there are cooperatives formed by employees of the same company. In the informal sector, there are cooperatives formed by traders and artisans in the same business activity.

Last week, activity on the Nigerian Stock Exchange, NSE, was concentrated on the downstream petroleum marketing companies with three of them – Forte Oil, MRS Oil Nig, and Conoil Plc- leading the pack of the top ten gainers.