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NIIRA 2025: Lasaco Assurance meets NAICOM Recapitalisation Requirement
Lasaco Assurance Plc has successfully met the National Insurance Commission (NAICOM) capital requirements ahead of the July 31 deadline for the Minimum Capital...
NAICOM Confirms Veritas Kapital’s Full Compliance with NIIRA 2025 Capital Requirements
BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM), has confirmed Veritas Kapital Assurance Plc full compliance with the minimum capital thresholds mandated under the...
NIIRA 2025: Mutual Benefits Group Meets NAICOM Minimum Capital Requirement
BY NKECHI NKECHE -ESEZOBOR—Mutual Benefits Assurance Plc and Mutual Benefits Life Assurance Ltd have achieved another significant regulatory milestone following their inclusion among...
Rex Insurance Meets NAICOM Minimum Capital Requirement Under NIIRA 2025
BY NKECHI NAECHE-ESEZOBOR—Rex Insurance Limited has successfully met the new Minimum Capital Requirement (MCR) prescribed by the National Insurance Commission (NAICOM) under the...
FULL LIST: NIIRA 2025: NAICOM Eyes Liquidation for Non-Compliant Operators
BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission,((NAICOM), on Monday said only eight insurance companies are yet to be verified by the commission. The commission...
Recapitalisation: Sovereign Trust Allays Fears, Says Rights Issue Pushes Capital Past Target
BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc, on Monday reassured investors that it has met the recapitalization deadline as stipulated by NAICOM but still...
NIIRA 2025 Compliance: KBL Insurance Beats Regulatory Capital Threshold by Over ₦600m
BY NKECHI NAECHE-ESEZOBOR—KBL Insurance Limited has officially surpassed the National Insurance Commission’s (NAICOM) ₦15 billion capital base under the Nigeria Insurance Industry Reform...
NAICOM Announces Successful Completion of Insurance Sector Recapitalization Exercise
The National Insurance Commission,(NAICOM), today announced the successful completion of the twelve-month insurance sector recapitalization exercise. In pursuant to Section 15 and other...
