NASS proposes N25 million fine for anyone operating unlicensed insurance business in Nigeria
The National Assembly of Nigeria has proposed a penalty of N25 million for individuals found operating unlicensed insurance businesses in ...
Tag: Insurance firms
Insurance firms are reportedly selling off assets to meet NAICOM’s recapitalisation deadline
Some insurance firms in Nigeria have reportedly resorted to selling off their real estate assets, as the new recapitalisation deadline set by ...
Recapitalisation: NAICOM gives a new directive to insurance firms
Sequel to its directive that mandated insurance and reinsurance firms to raise their capital base, NAICOM has issued a new ...
President Buhari’s support for NAICOM’s recapitalisation bid is rather personal
President Muhammadu Buhari has thrown his weight behind NAICOM's commitment to recapitalise insurance firms in Nigeria's insurance sector.
Recapitalisation: Brokers warned to stop doing business with ‘weak insurance firms’
Following the move by the National Insurance Commission (NAICOM) to mandate insurance firms to recapitalise, brokers may now have to ...
Unable to cope with new capital base, insurance firms consider merger/acquisition
Some stakeholders in the Nigerian insurance sector have expressed their willingness to consider mergers and acquisitions in light of the ...
Insurance Companies shocked as NAICOM increases capital base by 200%
The National Insurance Commission (NAICOM), has increased the minimum paid-up share capital of insurance and reinsurance firms.
NAICOM may soon raise insurance companies’ capital base to N15bn
Information has it that the capital base of insurance firms soon be increased to N15 billion. Insurance firms will also ...
NAICOM introduces new policy limited to tier-1 firms
NAICOM opens floor for new licenses to be granted to insurance firms under tier-1 category.
