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Insurance

FG to return Nicon Insurance to Jimoh Ibrahim

There is hope that the Federal Government will soon return Nicon Insurance plc to its core investor, Jimoh Ibrahim, following progress made on the out of court settlement option being proposed to resolve the impasse on the enterprise.
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Equity Assurance opens Ghanaian subsidiary

Equity Assurance has opened its operations in Ghana to become one of Nigerian companies with subsidiaries in the West African country....
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NDIC seeks Reps’ help to recover N2.8bn from Banigo, Ibrahim, others

The Nigeria Deposit Insurance Corporation (NDIC) yesterday asked the House of Representatives to prevail on Ebitimi Banigo, Chika Mbonu, Jimoh Ibrahim and Tunji Adeniyi to refund over N2.7 billion belonging to three failed banks in the country....
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IGI acquires 35% stake in Rwandan Insurance firm

Nigeria ’s Industrial And General Insurance Plc (IGI) has acquired 35 percent majority stake in Society Nouvelle d’Assurance du Rwanda (SONARWA), Rwanda ’s largest insurance company....
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Insurers seek profits outside risk underwriting to satisfy shareholders

The recapitalisation exercise in the insurance sector may have compelled risk underwriters to abandon their traditional functions for other ventures they consider less risky and fast in income generation....
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Danger of getting excessive discount from your insurance firm

Those who have suffered the after effect of cheap goods or services have ever lived to regret it and this is what many insurance consumers will soon by continually asking for unimaginable discounts on price of policies or dealing with companies that out of desperation want to give their covers at any cost. ...
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NAICOM reviews insurance broker’s fees

Insurance industry regulatory authority, the National Insurance Commission (NAICOM) has reviewed the fees payable by insurance brokers in the country, being one of its strategies to sanitise the industry and raise the operation of brokerage business....
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Royal Exchange Assurance splits business portfolio

A major underwriting firm, Royal Exchange Assurance plc has secured the approval of its shareholders to split its business portfolio into life and non-life insurance firms that will operate as independent entities....
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Creating an enabling environment for cross border capital investment tops WAICA conference

To achieve the ongoing subregional monetary integration being pursued by heads of Governments in West Africa, financial and economic sectors have got a role to play in redefining their position to be able to contribute optimally....
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More petitions to PENCOM over non-remittance of pension deductions

The success of the new Contributory Pension Scheme has been hinged on the ability of the workers and the public to furnish the market regulator, the National Pension Commission (PENCOM) with information concerning compliance with the provisions of Pension Reform Act 2004 and any observed violation of the law....
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