The Coalition for Good Governance in Nigeria withdrew its earlier demand for NAICOM Commissioner Olusegun Ayo Omosehin's resignation or suspensionThe group admitted its earlier allegations against NAICOM were inaccurate and unsupported by verifiable evidence after an internal reviewCGGN also retracted claims that NAICO…
The Parliamentary Support Network and a civil society organisation applauded NAICOM Commissioner Olusegun Omosehin at a press conference in Abuja on ThursdayThe groups said the Nigerian insurance sector is undergoing a positive revolution since President Tinubu signed NIIRA 2025 into lawThe network acknowledged dispute…
…operations. “This confirmation is a moment worth marking, but it is not the finish line. NAICOM has set a new baseline for what it means to operate responsibly in this industry and meeting that baseline required real discipline across our organisation,” Orimolade said. His comments followed confirmation by the National…
By Rosemary Iwunze The National Insurance Commission, NAICOM, yesterday, issued new licences to the seven additional insurance companies that have been confirmed and verified as compliant with the new minimum capital requirement under the Nigerian Insurance Industry Reform Agenda (NIIRA 2025). According to NAICOM, the…
NAICOM revoked Universal Insurance Plc's operating licence after the company failed to meet the minimum capital requirementThe commission appointed Ogbonna Chukwumerije of Pinheiro LP as receiver/provisional liquidatorChukwumerije issued a public notice warning banks, policyholders and creditors not to act on any instr…
…of business. With the recapitalisation now completed and its compliance recognised by NAICOM, Guinea Insurance said that its focus is shifting towards the next phase of its development. The company said that it is positioned to take on business with renewed capacity and confidence, while seeking to create greater value…
…Nigeria’s underinsured market. The company’s milestone was underscored in Abuja, where NAICOM presented its Managing Director and Chief Executive Officer, Nelson Akerele, with a new operational licence at a ceremony attended by industry leaders and other stakeholders. Enterprise Life’s paid-up share capital now stands…