Lagos: The National Insurance Commission (NAICOM) says 20 insurers have applied for verification under the recapitalisation exercise. The July 31 deadline stands. Mr Olusegun Omosehin, NAICOM Commissioner for Insurance and…
ABUJA: Nigeria’s markets regulator has significantly increased capital requirements for the securities industry. The minimum for brokers has tripled, and new multi-billion-naira thresholds now apply to underwriters, exchanges, and fund…
Lagos (Nigeria): The National Pension Commission (PenCom) has reviewed the minimum capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) to strengthen the financial stability of the…
Abuja (Nigeria): The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says 14 Nigerian banks have fully met the new capital requirement in the ongoing recapitalisation exercise. Cardoso…
Abuja: Following President Bola Tinubu’s assent to the Nigeria Insurance Industry Reform Act (NIIRA) 2025, the National Insurance Commission (NAICOM) has announced the formation of an 11-member committee tasked with…