The National Insurance Commission (NAICOM) announced that seven more insurance companies have successfully scaled the recapitalization hurdle. The National Insurance Association (NIA) has expressed its support for NAICOM's efforts.

The National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation. Muiz Banire has been appointed as the receiver/liquidator for the company.

The National Insurance Commission (NAICOM) and the Nigerian Insurers Association (NIA) have endorsed the new Lagos Building Insurance Scheme, providing regulatory support and emphasizing its role in protecting lives and property.

Nigeria's National Insurance Commission (NAICOM) has issued a warning to insurance operators, emphasizing the mandatory July 31 recapitalization deadline and urging compliance.

The National Insurance Commission (NAICOM) announced that insurance companies with outstanding claims will not be relicensed as part of the ongoing recapitalization efforts. This directive aims to ensure that only financially stable and responsible insurers continue to operate in the market.

The National Insurance Commission (NAICOM) has granted a license to a digital insurance firm, marking the first insurtech company to be licensed under Nigeria's new reform.

Nigeria's Minister of Finance, Taiwo Oyedele, has questioned the National Insurance Commission (NAICOM) regarding its imposition of a 1% Capital Injection Fee and a verification fee. These fees are part of the insurance recapitalization process.

African Alliance Insurance Plc has submitted its recapitalisation plan to the National Insurance Commission (NAICOM) and is awaiting regulatory directives to proceed with its implementation.

The National Insurance Commission (NAICOM) has praised the Senate for successfully passing the National Insurance Regulatory Commission Bill, calling it a significant legislative milestone.

The Commissioner for Insurance, Mr. Olusegun Ayo Omosehin of the National Insurance Commission (NAICOM), has tasked the Nigerian Insurers Association (NIA) with leading efforts to rebuild public trust in the insurance industry as it enters a new phase.

The National Insurance Commission (NAICOM) and Abia State have partnered to enhance investors’ confidence and mitigate risks, as announced by NAICOM's CEO Olusegun Omosehin.

The National Insurance Commission (NAICOM) has directed 67 insurance companies to contribute a 0.25% protection levy to a new fund, designed to create a safety net for policyholders in case of company insolvency.

Nigeria's Minister of Finance, Taiwo Oyedele, has questioned the National Insurance Commission (NAICOM) regarding the imposition of a one per cent Capital Injection Fee and other charges related to insurance recapitalisation.

The National Insurance Commission (NAICOM) has successfully completed the recapitalization exercise for 43 insurance companies, aligning with the Tinubu administration's financial sector transformation agenda to achieve a $1 trillion economy by 2030.

The National Insurance Commission (NAICOM) has charged the new leadership of the Nigerian Insurers Association (NIA) to focus on prompt claims settlement, market discipline, and digital innovation to enhance the insurance industry's efficiency.

Nigeria's National Insurance Commission (NAICOM) has granted the country's inaugural insurtech license, marking a significant step for innovation in the insurance sector.

Nigeria's National Insurance Commission (NAICOM) has launched the Insurance Policyholders’ Protection Fund (IPPF), requiring all insurance and reinsurance companies to contribute 0.25% of their net premium income. The fund aims to safeguard policyholders.