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Minimum Capital Requirement

4 Articles
Insurance World

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...

Insurance World

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...

Insurance World

Enterprise Life Assurance Meets Full Regulatory Capital Requirements, Boosts Liquidity

BY NKECHI NAECHE-ESEZOBOR—Enterprise Life Assurance (Nigeria) Limited has announced the full remittance of its statutory deposit of N1 billion to the Central Bank...

Insurance World

Recapitalisation: Universal Insurance Meets MCR Statutory Deposit, Pays ₦1.165bn to CBN

BY NKECHI NAECHE-ESEZOBOR—Universal Insurance Plc has reinforced its financial strength and regulatory compliance by successfully meeting a key recapitalisation requirement under the Nigerian...