The Commissioner for Insurance, Mr. Fola Daniel, is not a man that tints or minced words to impress or suppress anyone but like a prophet with a vision to take insurance industry to the promise land, he subtly passes a message that is enough for the wise to act on. Fola Daniel in this interview with Patience Saghana speaks on several sectors in the insurance industry. Excerpts

Occasioned by heavy losses on the share prices of majority of the quoted companies on the Nigerian capital market , the value of listed equities in the Nigerian Stock Exchange (NSE) dipped last week by N194.18 billion.

Davids Business Academy (DBA), an affiliate of DHTL Capital Management Limited, has announced its plans to set up an investment school and research centre in the country, that will help boost and promote knowledge of investment activities and also contribute to the growth and development of the Nigerian capital market and the country’s Gross Domestic Product (GDP).

Banks shareholders are agitating for detailed disclosure, in precise term, of how much contribution their off-shore subsidiaries are making to the overall performance of the group given the huge shareholders’ funds deployed in setting them up, Lucky Fiakpa writes

The wave of competition caught up with the two card giants in Nigeria last week as they make claims of superiority over each others products, Babajide Komolafe writes

The Association of Corporate Affairs Manager of Banks (ACAMB) has condemned in totality the publication by The Africa Report, a bi-monthly published by Paris-based Groupe Jeune Afrique which was quoted by The Punch, a Nigerian daily tabloid, classifying Nigerian Banks into an unknown and unacceptable ratings.

The Federal Housing Authority (FHA) is set to restructure its Public-Private Partnership (PPP) unit with a view to accelerating its housing delivery mandate, with Nigeria said to be having a housing shortfall of 16 million currently.

With two millionaires already announced in the bank’s saving bonanza, all eyes are now on who will emerge winners of the Prado Jeeps and the landed properties in Lagos and Abuja, Lucky Fiakpa writes

Strong indications emerged last week that the federal government might be contemplating reducing the present number of insurance companies in the country from 49 to 15 underwriters.

Siemens AG may have lost its right to bid for World Bank-financed projects until December 31, 2010 following its voluntary two-year shut-out from bidding on World Bank business.