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IGI Restructures, Retires Rotimi Fashola In New Management

Industrial And General Insurance Plc (IGI) has announced the appointment of a new management, in continuation of its restructuring programme aimed at repositioning the company for optimum performance. The Board of Directors said the new team would occupy the positions in acting capacities, pending when substantive officers are appointed in line with the regulations of the National Insurance Commission (NAICOM). ...

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Forex Scarcity Stifling Insurance Operations, NIA, CIIN Lament

Minimum capital for composite firms down to $16.13m from $25.12m Even as insurance practitioners are complaining about the prevailing apathy by the public towards its services, operators have lamented the negative effects of the foreign exchange crisis confronting the nation on their businesses. The operators under the aegis of the Nigeria Insurers Association (NIA), and the Chartered Insurance Institute of ...

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