AI boom forces insurers to rethink cyber risk, coverage
The rapid adoption of artificial intelligence (AI) by investment managers and financial services firms is prompting insurers to rethink how...
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Tuesday, August 18, 2026
Nigeria Re loses operating licence over recapitalisation failure
The National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation after the company failed to meet...
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NAICOM challenges insurers to turn new capital into faster claims, higher returns
The National Insurance Commission (NAICOM) expects improved investor sentiment and stronger performance from Nigeria’s insurance stocks as uncertainty surrounding the...
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Insurance profit race shifts from premiums to capital deployment
Nigeria's insurance industry delivered mixed financial performances in the first half of 2026, with AIICO Insurance and Cornerstone Insurance recording...
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African Alliance submits recapitalisation plan after regulatory exit
African Alliance Insurance Plc has disclosed that it has submitted its recapitalisation plan to the National Insurance Commission (NAICOM) and...
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NAICOM issues new licences to recapitalised insurers
The National Insurance Commission (NAICOM) has presented new licence certificates to insurance companies that successfully met the Commission's revised minimum...
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GITEX Nigeria 2026 to drive next phase of digital transformation
Nigeria's efforts to build a digitally driven economy will take centre stage later this month as the second edition of...
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IHS shareholders approve MTN merger in major telecom infrastructure deal
Shareholders of IHS Holding Limited have approved the proposed merger with a subsidiary of MTN Group, clearing a key hurdle...
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NITDA sets new rules for Nigeria’s cloud economy
The National Information Technology Development Agency (NITDA) has commenced the implementation of Nigeria’s National Sovereign Cloud Initiative (NSCI), signing three...
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World Bank urges developing economies to prioritise low-cost AI over frontier models
The World Bank has urged developing countries to prioritise smaller, low-cost artificial intelligence tools that can address local challenges rather...
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