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NIIRA ACT

Commercial law firm TNP has raised critical concerns over certain provisions in the newly enacted Nigerian Insurance Industry...
Regency Alliance Insurance Plc has released its financial results for the year ended December 31, 2024, posting a...
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 stock market stayed hot for the 11th straight week, with the All-Share Index jumping 4,491.86 points to close at 145,754.91, a 3.18% gain week-on-week. 
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.