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: The National Insurance Commission (NAICOM) says the recapitalisation deadline for the insurance industry will not be extended. The Commissioner for Insurance, Mr Olusegun Omosehin, said this at a seminar…
Lagos (Nigeria): The Nigerian Council of Registered Insurance Brokers (NCRIB) has projected that Nigeria’s insurance penetration could reach three per cent within the next three years. The Council attributed this…
Lagos (Nigeria): The National Insurance Commission (NAICOM) says more than 1.47 million smallholder farmers across Nigeria have been covered under agricultural insurance schemes. The Commissioner for Insurance and Chief Executive…
Abuja (Nigeria): Five insurance companies have projected N418.7 billion as revenue for the 2025 financial year ending December 31. The companies are Sunu Assurances Nigeria Plc, AIICO Insurance Plc, Linkage…
Lagos (Nigeria): The Nigerian Council of Registered Insurance Brokers (NCRIB) has expressed its commitment to supporting initiatives that promote fintech adoption and financial inclusion in the country. Mr Babatunde Oguntade,…
Lagos: The insurance sector took centre stage on the Nigerian Exchange Ltd. (NGX) this week, driving market momentum with a staggering ₦6.2 billion in trade volume. A total of 17…
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…