Tuesday, September 1, 2026
Nigeria’s insurance capital shake-up opens new regulatory battle
Nigeria’s insurance reform agenda faces a fresh credibility test as questions mount over whether the new capital regime will be...
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Finance Ministry halts NAICOM’s N680m charges on NICON, Nigeria Re
The Federal Ministry of Finance has directed the National Insurance Commission (NAICOM) to provide the legal basis for imposing N680...
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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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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...
Read moreDetailsNAICOM 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...
Read moreDetailsInsurance 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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NAICOM enforces automatic ECOWAS Brown Card cover for Nigerian motorists
The National Insurance Commission (NAICOM) has directed all insurance companies operating in Nigeria to begin the automatic issuance of ECOWAS...
Read moreDetailsNAICOM approves 43 insurers after recapitalisation
The National Insurance Commission (NAICOM) has confirmed that 43 insurance and reinsurance companies have met the new minimum capital requirements...
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