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Insurance coys are better managed now than years back – Zakariya’u

Is very easy for you as a journalist who is writing history in a hurry, to miss some important things happening in the industry and which are building blocks for better things for the future of the industry. Let me give you examples, we have witnessed recently improvements in the regulatory environment and because of that the poor perception of the industry is changing. Insurance companies are better managed today than they were just few years ago. Also technology is improving service delivery across board.

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‘With dematerialisation, all shares’ll be on owners account’

Yes, I am in support of the move by the Commission to stop physical share certificates. Elimination of share certificate will go a long way to hasten transactions on the stock market. I am happy to hear that the Central Securities Clearing System, CSCS, has reached 100 per cent of dematerialisation of share certificates in the Nigerian capital market. It has been a journey that started over 10 years ago, so SEC and the CSCS should be commended for the achievement.

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SEC, NSE campaign against fraudulent activities among operators

I BELIEVE it is part of the duties of regulators to ensure a free and fair market. Transparency and fair play are essential ingredients for any market. Market operators are also in a position of trust. They must be seen to be above board to retain and sustain the confidence of all stakeholders. But then, our system is still evolving; it is not yet perfect and so is our regulatory environment. I think we should all regulate the regulators but we should still give them benefit of the doubt.

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Sterling Bank, FCMB SPV raise N7.50bn debt capital on FMDQ

FMDQ OTC Securities Exchange has admitted for quotation the Sterling Bank Plc N2.40 billion Series 1-3 Commercial Paper (CP) Notes , under its N100 billion CP programme. The Exchange also admitted for listing the FCMB Financing SPV Plc N5.10 billion 7-year 17.25 per cent Series 3 Fixed Rate Unsecured Bond under its N100 billion debt issuance programme on its platform.

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NAICOM should let PenCom know how insurance operates – LASPEC DG

If you were in service before April 2007, there is a certain aspect of your entitlement that ought to be paid up by government which is called accrued right. This commission ensures that the accrued right is credited into the Retirement Savings Account, RSA of the individual. In Lagos State today, we have two sets of retirees but we have been able to separate them.

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