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  • NAICOM Plans Capital Boost to Empower Takaful and Microinsurance Firms

    While the insurance sector is presently engaged in a comprehensive recapitalisation process targeting insurance and reinsurance companies, emerging reports suggest that Takaful and micro-insurance providers...

    EFCC Denies Violating Atiku’s Son-in-Law’s Rights
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    Politics Today
    While the insurance sector is presently engaged in a comprehensive recapitalisation process targeting insurance and reinsurance companies, emerging reports suggest that Takaful and micro-insurance providers will soon face similar capital enhancement requirements. LEADERSHIP has gathered that the National Insurance Commission (NAICOM) is conducting a detailed evaluation of the various subsectors within the insurance industry to...
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  • NAICOM Sets September 30 Deadline for Insurance Companies to Submit Recapitalisation Plans

    The National Insurance Commission (NAICOM) has mandated all insurance and reinsurance firms operating in Nigeria to present their recapitalisation strategies by September 30. This directive...

    NAICOM orders insurance companies to submit recapitalisation plans by September 30
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    Politics Today
    The National Insurance Commission (NAICOM) has mandated all insurance and reinsurance firms operating in Nigeria to present their recapitalisation strategies by September 30. This directive comes in the wake of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, aiming to facilitate a smooth and effective enforcement of the updated capital requirements. Under NIIRA 2025, the...
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