The National Insurance Commission, NAICOM, has been accused of not doing enough to engage other law enforcement agencies and security outfits in its drive to increase insurance penetration through the Market Development and Restructuring Initiative, MDRI.

Indigenous joint venture partners, Energia Limited and the Oando Group, have said that the only way to run a smooth operation in the communities is through partnership with the host communities.

Former Managing Director of Financial Institutions Training Centre, FITC, Mr. Oladimeji Alo, has advised insurance operators to create a strategy that suits their own business pattern and not involve themselves in every business in the insurance sector.

President Goodluck Jonathan has continued to demonstrate his administration’s commitment towards developing the mining and minerals sector as a counter-force to oil and gas exploitation.

WORKERS in the Power Holding Company of Nigeria, PHCN, have insisted on the October 31 deadline to the Federal Government and their management to pay the 50 percent agreed salary increment or risk industrial unrest.

Royal Dutch Shell Plc, operator of Nigeria’s largest oil fields, plans to boost its natural-gas production in the country as it starts a new facility and cuts flaring, or the burning of the fuel at fields.

International oil companies in Nigeria, IOCs, have been accused of refusing local insurance companies the opportunity to cover their risks under the guise that the local underwriters don’t have international credit ratings.

The Chief Executive Officer of Techno Oil Limited, Mrs. Nkechi Obi, has been conferred with the Member of the Order of the Niger, MON, for her meritorious and selfless services to the nation.

The Federal Government has urged operators in the nation’s extractive industries to operate in a professional manner that will ensure the sustainability of the environment and help create opportunities for wealth creation for millions of Nigerians.

Nigeria needs to establish a Refinery and Petrochemical Plant Development Commission (RPPDC) to increase its GDP, deregulate the downstream sector of its oil and gas industry and remove fuel subsidy to avoid bankruptcy and anarchy.