5+ day, 13+ hour ago   (365+ words) The National Insurance Commission has commenced the formal winding-up of NICON Insurance Limited following the cancellation of the insurer’s registration over its failure to meet the minimum capital requirement for its licence category. The commission appointed Chukwuma-Machukwu Ume, SAN, as…...

5+ day, 15+ hour ago   (425+ words) Anabelle Colaco 08 Sep 2026, 09:26 GMT+10 BEIJING, China: China is moving ahead with a combined US$54 billion capital boost for major state-owned banks and insurers, with the finance ministry leading the effort to strengthen capital across the country's financial system. China Life…...

5+ day, 12+ hour ago   (251+ words) Bar and Bench Khaitan & Co has advised NIIF on the first closing of NIIF Infrastructure Fund II, its second flagship infrastructure fund, with aggregate commitments of ₹19,000 crore (~$2 billion)..The Firm acted as the lead fund counsel and advised NIIF…...

5+ day, 17+ hour ago   (347+ words) Abuja, September 7, 2026 – The National Insurance Commission (NAICOM) has cancelled the operating licence of NICON Insurance Limited and appointed a Receiver/Provisional Liquidator to take over the company’s affairs, marking a major regulatory action against one of Nigeria’s historic insurance firms....

6+ day, 19+ hour ago   (189+ words) Chinese President Xi Jinping. The goal behind the funding push is to strengthen the financial sector's capacity to invest in the stock market and keep credit flowing to businesses, at a moment when China, the world's second largest economy, continues…...

1+ week, 1+ hour ago   (152+ words) China Daily Global Edition Finance ministry to invest in major Chinese insurance groups China's Ministry of Finance will inject 35 billion yuan ($5.21 billion) into China Life Insurance (Group) Company to help with operations and risk resistance capacity, the company announced on…...

1+ week, 5+ day ago   (144+ words) Business Simplification by HSBC’s Peers HSBC’s simplification drive mirrors broader efforts across banking peers like Barclays PLC BCS and Standard Chartered PLC SCBFF to streamline operations and sharpen strategic focus. Barclays has been reshaping its business mix with an emphasis…...

1+ week, 5+ day ago   (791+ words) In times of desperation and distress, families are turning to crowdfunding platforms to cover funeral costs and immediate expenses after the loss of a loved one. GoFundMe, one of the platforms known for these purposes, experienced a 20% increase in crowdfunding…...