sheyie2007:
SA peeps you mean...

Yes.

I have never been robbed by one or seen a nigrian drug pedlar. Have seen nigerian pimps they may doubel has drug pedlars some times.

Of course where I live and work there is somlians who own a shop and one congolease army captian(from the former regiem) who is now a securty gaurde

andrewza:

It had a lot of good infomation in it. Nigeria is the fastest growing economy in africa no one is going to say other wise(if it can maintian that growth is a diffrent story). I am just pointing out that that growth means nothing if not used properly. Nigeria should be a masive global power it has every thing needed to rival a european country but it not even close.

How do you expect it to be 'close' when we only got our first modern university in 1962, after the British were kicked out? Can you say the same about any European country? Even your country South Africa, has its oldest universities built as early as 1829 by invaders who happened to re-invest exportt proceeds in the country, unlike other seized territories in Africa. Nigeria simply has not produced the mass of special;ists over a couple of centuries like European nations or SA, and so lacks the experience to have created a modern, advanced nation by now. Give us more time.

andrewza:

It had a lot of good infomation in it. Nigeria is the fastest growing economy in africa no one is going to say other wise(if it can maintian that growth is a diffrent story). I am just pointing out that that growth means nothing if not used properly. Nigeria should be a masive global power it has every thing needed to rival a european country but it not even close.

How do you expect it to be 'close' when we only got our first modern university in 1962, after the British were kicked out? Can you say the same about any European country? Even your country South Africa, had its first universities built as early as 1829 by invaders who happened to re-invest export proceeds in the country, unlike other seized territories in Africa like Nigeria, which were simply looted. Fact is Nigeria has not produced the mass of specialists over two or three of centuries like European nations or SA, and so has lacked the experience and personnel needed to create a modern, advanced nation by now. So we're really playing catch-up. Give us more time.

ROSSIKE:

How do you expect it to be 'close' when we only got our first modern university in 1962, after the British were kicked out? Can you say the same about any European country? Even your country South Africa, had its first universities built as early as 1829 by invaders who happened to re-invest export proceeds in the country, unlike other seized territories in Africa like Nigeria, which were simply looted. Fact is Nigeria has not produced the mass of specialists over two or three of centuries like European nations or SA, and so has lacked the experience and personnel needed to create a modern, advanced nation by now. So we're really playing catch-up. Give us more time.

I don't mean UK france or germany(or scandvain countrys) but the less rich ones like itaily. Suadia Arbai is and the other gulf states are all very rich and while of. Nigeria could have been at that level or just under it by now if it where not for all the turmoil.

andrewza:

I don't mean UK france or germany(or scandvain countrys) but the less rich ones like itaily. Suadia Arbai is and the other gulf states are all very rich and while of. Nigeria could have been at that level or just under it by now if it where not for all the turmoil.

For goodness sakes, Saudi Arabia's oil reserves are at least 9 times Nigeria's. She exports about 5 times more oil and gas than Nigeria per annum, and her population is 28 million, around the population of Lagos state! HOW IN THE HELL do you expect Nigeria to be ''at the same level or just below Saudi Arabia'' in living standards based on oil and gas earnings? You need to think things through and research a bit further before making these pronouncements of yours. And Italy is no different from other European nations in terms of their history of modern education.

ROSSIKE:

For goodness sakes, Saudi Arabia's oil reserves are at least 3 times Nigeria's. She exports about 4 times more oil and gas than Nigeria per annum, and her population is 28 million, around the population of Lagos state! HOW IN THE HELL do you expect Nigeria to be ''at the same level or just below Saudi Arabia'' in living standards based on oil and gas earnings? You need to think things through and research a bit further before making these pronouncements of yours. And Italy is no different from other European nations in terms of their history of modern education.

I am just saying it could have been done. Would have been hard but not imposbil.

ROSSIKE:

How do you expect it to be 'close' when we only got our first modern university in 1962, after the British were kicked out? Can you say the same about any European country? Even your country South Africa, has its oldest universities built as early as 1829 by invaders who happened to re-invest exportt proceeds in the country, unlike other seized territories in Africa. Nigeria simply has not produced the mass of special;ists over a couple of centuries like European nations or SA, and so lacks the experience to have created a modern, advanced nation by now. Give us more time.

uni ibadan is 1948 and yabatech is a year before

gst101: uni ibadan is 1948 and yabatech is a year before

Yabatech is not a university, and the University of Ibadan was not a full-fledged university until 1962. Prior to that it was merely a ''university college'' - an external college of the University of London.

majority of bad people in any given country are the locals SA inclusive. We also catch SA drug dealers in our airports. The difference between us and you is that we report all that has to do with us. We report that which happens to the nigerian in the most unlikely place. But do your media report the problems and successes of your people where ever they are

but thanks rossikke for this. Give us more

gst101: majority of bad people in any given country are the locals SA inclusive. We also catch SA drug dealers in our airports. The difference between us and you is that we report all that has to do with us. We report that which happens to the nigerian in the most unlikely place. But do your media report the problems and successes of your people where ever they are

Not really. If they do it is a small piece in the news paper Or if they may be inocesent or suvring a death sentence. For the most part if a SA crook gets caught and put in a forghin jail it is a good thing.

andrewza:

Not really. If they do it is a small piece in the news paper Or if they may be inocesent or suvring a death sentence. For the most part if a SA crook gets caught and put in a forghin jail it is a good thing.

so too if a nigerian get caught and put in jail, it is a good thing

gst101: so too if a nigerian get caught and put in jail, it is a good thing

If his guilty yes. One less crook in the world. Of course some counties don't have the best legal sytem. I would not put Nigerians courts in that list though. So if you guys put a SA crook in jail I fine with it.

[size=15pt]Foreign investors see huge potential in insurance sector[/size]

WEDNESDAY, 23 JANUARY 2013 00:00

The less than one percent market penetration in the insurance sector of Africa’s most populous nation, Nigeria, presents huge market potential and growth opportunity which foreign investors are finding more attractive with every passing day.

This can be gleaned from the recent entry into the sector by big global insurers, mostly from South Africa, Europe and the UK. On the other hand, local firms, in anticipation of a more competitive market in the near future, are feverishly consolidating their positions through strategic mergers and acquisitions.

BusinessDay investigations indicate that there will be more of this strategic positioning in the years ahead, given that technical capacity and funding will equip the players to take up larger ticket risks, particularly in the oil and gas, as well as energy and aviation sectors.

Old Mutual, an Anglo-South African financial conglomerate with operations in about 30 countries, acquired Oceanic Insurance Group, a subsidiary of Ecobank in the aftermath of changes in the universal banking concept which required banks to divest from non-core banking businesses, except in holding company arrangements.

Old Mutual’s entry into Nigeria had long been expected, having in the last two years attempted to acquire Spring Life Insurance Limited, which was adjudged insolvent by the market regulator. Old Mutual’s acquisition of Oceanic Insurance came by way of the purchase of the Nigerian property and casualty insurance unit of the pan-African lender, Ecobank for about $20 million, BusinessDay learnt.

The South African insurer sees Nigeria’s large population, growing GDP and low insurance penetration, as huge advantages to grow its market share in the continent. It aims to use Nigeria as a hub for boosting its presence in West Africa and cash in on the region’s strong economic growth.

Nigeria and Ghana, together account for over 75 percent of West Africa’s GDP. According to a 2012 presentation, Old Mutual noted that “emerging markets outside South Africa offer superior margins (6.25 times above those in South Africa). This implies that the ratio of profits relative to the levels of premium income is more attractive in those markets.”

http://www.businessdayonline.com/NG/index.php/news/76-hot-topic/50578-foreign-investors-see-huge-potential-in-insurance-sector

ba7man: Wonderful news, very inspiring. I wonder why the media is always fixated on the negatives.

Is it only the media?? Let many Nigerians keep complaining irrationally and shut their eyes to the many opportunities opening up (small and big), whilst savvy Foreign and few Nigerian investors take positions. Many of them wud soon get a rude awakening of their pretty soon.

taharqa: Is it only the media?? Let many Nigerians keep complaining irrationally and shut their eyes to the many opportunities opening up (small and big), whilst savvy Foreign and few Nigerian investors take positions. Many of them wud soon get a rude awakening of their pretty soon.

It's almost as if people expect govt to bring money in Ghana Must Go bags to their houses, or even build them houses, before they can claim to see progress. Meanwhile, govt policies have made Nigeria the No 1 internet nation in Africa, boasting the largest number of people with access to the web on the continent. So the market for budding internet entrepreneurs is HUGE, and will continue to expand far into the future. Some savvy guys are taking advantage of this opportunity, and are raking in millions of naira every month.