Tag: NAICOM

Two decades of reforms power Nigeria’s insurance growth as NAICOM unveils sector transformation

Business Damilola Bayonle -
Nigeria’s insurance industry is witnessing renewed optimism as regulators highlight the transformative impact of sustained reforms implemented over the...

SEC pushes stakeholder collaboration to unlock Nigeria’s capital market potential

Business Damilola Bayonle -
Nigeria’s capital market regulator has intensified calls for deeper institutional cooperation as part of efforts to unlock the full...

NAICOM declares ‘No Extension’ as insurance firms scramble to meet July recapitalisation deadline

Business Damilola Bayonle -
NAICOM Insists on July Deadline as Insurance Firms Race to Meet Capital Requirements Nigeria’s insurance sector is under mounting regulatory...

Middle-East war set to push reinsurance costs higher, putting pressure on Nigerian insurers

Business Damilola Bayonle -
Nigeria’s insurance industry is bracing for potential cost pressures as the intensifying Middle-East conflict threatens to disrupt global risk...

NAICOM launches independent audit of 16 insurers in major recapitalisation push

News Damilola Bayonle -
Nigeria’s insurance regulator is intensifying efforts to ensure transparency and credibility in the ongoing recapitalisation of insurance companies as...

FG unveils sweeping reform of agric insurance architecture to shield farmers from climate shocks

Business Damilola Bayonle -
FG moves to reform agric insurance architecture to deepen farmer protection The Federal Government has initiated a comprehensive policy reset...

NAICOM’s new mandatory NIN CAC compliance shakes insurance sector | What policyholders must know

Business Damilola Bayonle -
Stricter KYC Rules Introduced to Strengthen Compliance in the Nigerian Insurance Industry The National Insurance Commission has issued a sweeping...

Powerful NAICOM road safety partnership to protect motorists

Business Damilola Bayonle -
In a renewed effort to improve safety and emergency response on Nigerian roads, the National Insurance Commission (NAICOM) has...

NAICOM, FRSC, NHIA unite to enforce motor insurance under NIIRA 2025

Business Damilola Bayonle -
In a major policy milestone for Nigeria’s insurance and road safety sectors, the National Insurance Commission (NAICOM), the Federal...

Nigeria health insurance crisis: Multinationals fuel $2bn capital flight

Business Damilola Bayonle -
The National Insurance Commission (NAICOM) has raised concerns over the rising capital flight from Nigeria health insurance, disclosing that...

SEC unveils bold insurance desk, promises fast 14-Day approvals

Business Damilola Bayonle -
The Securities and Exchange Commission (SEC) has unveiled a special desk to fast-track the recapitalisation process in Nigeria’s insurance...

NAICOM launches crackdown on fake motor insurance

Business Damilola Bayonle -
The National Insurance Commission (NAICOM) has stepped up its fight against the growing menace of fake third-party motor vehicle...