…insurance sector is undergoing a positive revolution since President Tinubu signed NIIRA 2025 into lawThe network acknowledged disputes over the recapitalisation process involving NICON Insurance and Nigeria Reinsurance Corporation but took a firm stance on due processPAY ATTENTION: Find it fast with our new search fea…

…verified as compliant with the new minimum capital requirement for life insurers. Under NIIRA 2025, life insurance operators are required to maintain a minimum capital base of N10 billion, up from the previous N2 billion threshold. The new requirement forms part of the regulator’s wider recapitalisation exercise aimed…

…the new minimum capital requirement under the Nigerian Insurance Industry Reform Agenda (NIIRA 2025). According to NAICOM, the development marks another significant milestone in strengthening confidence, enhancing financial stability, and promoting professionalism within Nigeria’s insurance industry. The companies are…

…as well as the compilation and settlement of the company's liabilities in line with NIIRA 2025. He is also required to liaise with NAICOM and submit regular progress reports throughout the liquidation.On August 18, 2026, Chukwumerije published a formal public notice addressed to banks, financial institutions, policyhol…