Tag
NAICOM
News and stories about NAICOM
A new acting insurance commissioner of the @NaicomNG, has been appointed by the Federal Government. His name is Sunday Thomas. This is coming after the expiration of former Insurance Chief, Mohammed Kari
There will be no borrow option for insurance firms seeking to raise their capital base. This is according to NAICOM.
Sequel to its directive that mandated insurance and reinsurance firms to raise their capital base, NAICOM has issued a new circular.
NAICOM has approved the 39.25% acquisition of Royal Exchange General Insurance Company Limited (REGIC), by Germany's InsuResilience Investment Fund (IIF).
President Muhammadu Buhari has thrown his weight behind NAICOM's commitment to recapitalise insurance firms in Nigeria's insurance sector.
Following the move by the National Insurance Commission (NAICOM) to mandate insurance firms to recapitalise, brokers may now have to distance themselves from doing business with financially-weak insurance firms.
NEM Insurance Plc's Chairman, Dr. Fidelis Ayebae, has disclosed the company's intention to increase its issued share capital.
Regency Alliance Plc's shareholders doesn't want to be paid dividend for 2018 FY. This, they said, is in lieu of NAICOM's pending recapitalisation quest.
Wapic Insurance Plc has secured the approval of its shareholders to raise the company's authorised share capital from N8.5 billion to N15 billion.
Some stakeholders in the Nigerian insurance sector have expressed their willingness to consider mergers and acquisitions in light of the new capital base for the sector which was recently introduced by the National Insurance Commission (NAICOM).
The National Insurance Commission (NAICOM), has increased the minimum paid-up share capital of insurance and reinsurance firms.
How Nigerian insurance companies invest customers' premiums