The commission has in January 2013, in enforcing the provisions of the Insurance Act 2003, issued a directive in respect of payment and remittance of insurance premium.

THE National Association of Parents’ Teachers’ Association of Federal Government Colleges (NAPTAFEGC), South West Zone, has rejected what they described as the imposition of an unnecessary insurance policy scheme on students of unity colleges even as they urged standardisation of education in the country.

Heavy transactions in the shares of some banks and insurance companies, especially United Bank for Africa (UBA), Mansard Insurance, last week, lifted the volume of shares traded, as a turnover of 2.509 billion shares worth N24.115 billion were exchanged in 19,971 deals by investors on the floor of the Exchange.