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Nigerian Insurance industry does below 45% local content,Fin Insurance boss

Mallam Sallau Hamman, Managing Director /Chief Executive Office of Fin Insurance in this interview with Patience Saghana articulates insurance industry’s oil and gas business, the constraints and the opportunities.. He gives his candid view on the sector’s capacity to underwrite the big risks whilst he forecasts Fin Insurance’s position in the next five years.

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Investors express doubts over registrars’ preparedness for market growth

Investors have expressed doubts over the ability of registrars to cope with the expected growth and increased patronage in the Nigerian capital market in the next couple of years.According to the investors who spoke with Financial Vanguard, this is as a result of the failure of most registrars to adopt and fully deploy electronic products and information technology infrastructure in their operations.

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Nigeria loses N13.5b annually to neighbouring countries for dry docking

Nigeria is losing about N13.5 billion ($90 million) annually to its neihgbouring states through the movement of its vessels dry docking to meet the International Maritime Organisations (IMO) requirement, Director General of the nation’s apex maritime regulatory agency, Mr. Temisan Omatseye, has said. Disclosing this in a chat with Financial Vanguard in Lagos recently, Omatseye explained that there is a huge investment opportunity for ship repair and ship building in the country presently that is not being exploited.

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UBA Now Preferred Bank in Cote d’ Ivoire.

Barely two years after it started full banking operations in Cote d’ Ivoire , United Bank for Africa (Cote d’ Ivoire) Limited has been ranked third among leading banks in the West African country according to a survey conducted among the 20 existing banks. Société Général CI and Ecobank clinched the first and second positions respectively.

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We teach classical wedding dances, Quba Dance boss

When, in 2006, Nigeria had the opportunity to break the world record on the longest hours danced, little did anyone know that what was once considered a past time for drop outs and ne’er do well could earn Nigeria a place in the coveted Guinness Book of World Records. Nigeria, through Kafayat Shafau, earned a spot in the Guinness Book of World Records for breaking the record on the last man dancing, dancing for 55 hours 40 minutes.

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