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Insurance Sector
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...
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...
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...
Linkage Assurance Plc raises N16.2 billion from Rights Issue
Linkage Assurance Plc (the Company) announces the successful completion of its N16.2 billion Rights Issue, which opened on March 11th, 2026, and closed...
LASACO Secures SEC Approval for Share Allotment Ahead of Recapitalisation
BY NKECHI NAECHE-ESEZOBOR—LASACO Assurance Plc has secured the approval of the Securities and Exchange Commission (SEC) for the allotment of 9,236,321,546 ordinary shares...
Universal Insurance Reaffirms Reliability with ₦1.35bn Q2 Claims Payout
Universal Insurance Plc, Nigeria’s top underwriter, said it has paid a total of ₦1.35billion in claims during the second quarter of 2026. This...
Sovereign Trust Insurance Pays Over N2.7bn in Claims H1 2026
BY NKECHI NAECHE-ESEZOBOR-Sovereign Trust Insurance Plc has paid over ₦2.7 billion in claims across its various business lines as of June 30, 2026....
Regency Alliance Advances Recapitalisation with 7.37 Billion Share Private Placement
Regency Alliance Insurance Plc has signed a Private Placement Agreement as part of its recapitalisation programme aimed at strengthening its capital base and...
