Over time, it’s been the duty of business people to know what to do to meet the demands of various claimants for Corporate Social Responsibility (CSR). What do they (Operating society) expect? And what particular responsibility should be given priority?.

As local insurers struggle to catch the attention of A.M.Best and Standard & Poor’s ratings to attract the magnet of Nigerian National Petroleum Corporation (NNPC)’s insurance accounts, the two NNPC accredited rating agencies are beefing up their rating assessments of financial institutions in Africa.

Lagos State Governor, Mr. Babatunde Fashola, has denounced the practice of demanding excessive agency fees from prospective tenants in Lagos, thereby adding to the already prohibitive costs of rent for the masses in the state.

Forty-two insurance companies with not less than 300 brokers in the country have severed themselves from the protests flying in and around the media over the Nigerian National Petroleum Corporation’s Consolidated Insurance Policy (NNPC-CIP) and the federal government’s group life.

At a colourful ceremony graced by two former president, Olusegun Obasanjo of Nigeria, Dauda Jawara of Gambia and Chairman, LOC of the 2010 World Cup in South Africa, Danny Jordan, Emirates, at the 2010 Africa Travel Market awards in Lagos, emerged the best international airline in Nigeria.

From the local money mar-ket, to importers and other heavy users of foreign exchange, and now to the international investment community, the fever generated by the persistent depletion continues to spread.

The declining oil price may threaten the nation’s foreign exchange earnings and put Nigeria in a state of bankruptcy, says Mr. Opeyemi Agbaje, Managing Director/CEO, Resources and Trust Company Limited.

The President of the Lagos Chamber of Commerce and Industry, (LCCI) Otunba Femi Deru, on Thursday, lamented over the pension system in the country, saying that pensioners have suffered immensely because of the poor administration of the pension system.

The Nigerian Federal Government suffered and estimated $20 billion in Oil production and export shortfall losses in 2008 due to militant violence in the Niger Delta region.

The Lagos State government is set to demolish 9 buildings on Lagos Island considered to be weak, in a pro-active move to stem the spate of building collapse in the state.

As Cecilia Ibru goes to prison for bank fraud as a result of her plea bargain, the Economic and Financial Crime Commission (EFCC) prosecutors have shown that they can score victory in the prosecution of those who basically loot financial institutions. It provides an initial victory for the Lamido Sanusi led Central Bank of Nigeria (CBN), who had waged a relentless battle on the financial institutions’ managers overbearing conducts.

CHAIRMAN House Committee on Petroleum in the downstream sector, Mr Clever Ikisikpo has ruled out the possibility of a new regime of fuel scarcity in the country, saying the cartel within the Nigerian National Petroleum Corporation, NNPC that specialized in the creation of artificial scarcity had been put out of business.

The upward trend on the Nigerian Stock Exchange (NSE) continued last week as profit taking by investors boost investment value by N319.86 billion.

BOARD of Directors of Skye Bank Plc, has appointed Mrs. Moronkeji Onasanya, as the new Chairman of the bank following the retirement of the erstwhile chairman, Alhaji Musiliu Smith.

THE final draws for the on-going Craft Technologies Limited, 50th Independence Anniversary’s “Jubilee Jubilation Scratch and Win Bonanza”, will hold on December 31.