Tag
NIIRA 2025
The National Insurance Commission (NAICOM) says more than 1.47 million smallholder farmers across Nigeria are now covered under agricultural insurance schemes, marking a significant milestone in efforts to de-risk the agricultural sector and boost productivity.
Commercial law firm TNP has raised critical concerns over certain provisions in the newly enacted Nigerian Insurance Industry...
Economist and founder of Awabah, Tunji Andrews, says the Nigerian insurance industry is poised for a major transformation following the enactment of the Nigerian Insurance Industry Reform Act (NIIRA) 2025.
The Nigerian Insurance Industry Reform Act (NIIRA) 2025 mandates that people running insurance businesses online must obtain a license from the National Insurance Commission to practice in Nigeria.
Nigerian motorists are now legally permitted to present their motor insurance certificates in digital form during routine checks or accidents, according to the Nigeria Insurance Reform Act recently signed by President Bola Tinubu.
From mandatory builders’ liability to insurers funding real estate projects, the new law hardwires insurance into property development, ownership, and management.
Unlicensed insurance agents across Nigeria are liable, upon conviction, to a six-month jail term.
President Bola Ahmed Tinubu has signed into law the Nigerian Insurance Industry Reform Act (NIIRA) 2025, a transformative...