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Money

CBN Opens Applications for Second Cohort of Regulatory Sandbox Programme

The Central Bank of Nigeria has announced the commencement of the second cohort of its Regulatory Sandbox Programme, with a new dual-track structure...

Insurance World

NAICOM Recapitalisation: Universal Insurance Secures ₦7.13B Equity Deal with FPNG, Awaits NAICOM Approval

BY NKECHI NAECHE-ESEZOBOR—Universal Insurance Plc has entered into an investment agreement with FPNG Co-Nvest Limited (FPNG) for an equity capital injection of ₦7.128...

Insurance World

NAICOM Recapitalisation: Mohamed Kari Urges Finance Minister to Resist Political Lobbying by Failing Insurers

BY NKECHI NAECHE-ESEZOBOR—Former Commissioner for Insurance and Chief Executive of the National Insurance Commission (NAICOM), Alh. Mohamed Kari, on Wednesday called on the...

Insurance World

Insurers Back NAICOM’s Recapitalisation Framework, Celebrate Milestone Success

BY NKECHI NAECHE-ESEZOBOR—The Nigerian Insurers Association (NIA) on Wednesday reaffirmed its strong support for the National Insurance Commission (NAICOM) following the successful completion...

Insurance World

NAICOM Recapitalisation: Open Letter To The Honourable Minister Of Finance By Mohamed Kari, Former Commissioner For Insurance,NAICOM

OPEN LETTER TO THE HONOURABLE MINISTER OF FINANCE 12th August 2026 Federal Ministry of Finance Abuja, Nigeria   Enforcing a level playing field...

Insurance World

Leadway Assurance Sets Bold Post-Recapitalisation Agenda Beyond Compliance

BY NAECHE-NAECHE-ESEZOBOR—Leadway Assurance Limited said its recapitalised era will be defined not only by regulatory compliance, but by audacious strategic ambition. The insurer...

Money

CBN Revokes Licences of 46 Microfinance Banks

BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks with effect from July 1, 2026,...

Insurance World

Enterprise Life Exceeds Recapitalisation Requirement, Rules Out Merger Plans

Enterprise Life Assurance (Nigeria) Limited has announced that it has fully met the recapitalisation requirements set by regulators and will not pursue any...