• info@ocmlng.com
  • 0201-2914775

Insurance recapitalisation: NAICOM clears 43 insurers, reviews eight

Home > market news
Financial News

Insurance recapitalisation: NAICOM clears 43 insurers, reviews eight

03 Aug, 2026

 

The National Insurance Commission has officially announced the successful completion of the country’s 12-month insurance sector recapitalisation exercise, describing the accomplishment as a pivotal step that “signals the beginning of a new era for insurance in the country. ”Undertaken pursuant to Section 15 and other relevant provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed into law by President Bola Tinubu on July 31, 2025, the exercise aligns directly with the administration’s economic agenda aimed at building a $1tn economy by 2030................….......READ MORE