The National Insurance Commission (NAICOM) has approved seven more insurance companies as having met the new minimum capital requirements, bringing Nigeria’s insurance industry recapitalisation exercise to an end. The latest approval brings the number of companies cleared by the regulator to 50; 48 insurance companies and two reinsurance companies.In a notice issued on Thursday, August 13, 2026, NAICOM said the seven companies had been verified and confirmed to have met the minimum capital requirements under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, as well as other applicable laws and regulatory guidelines...................….......READ MORE
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