6+ day, 6+ 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…...

6+ day, 10+ 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....

1+ week, 6+ day ago   (328+ words) Riding on the resounding success of its foundational debut, SanlamAllianz Nigeria, comprising SanlamAllianz Life Insurance Nigeria and its subsidiary, SanlamAllianz General Insurance Nigeria, has announced the launch of its Proud Moments 2.0 campaign, an initiative designed to celebrate personal journeys, milestones,…...

2+ week, 6+ day ago   (185+ words) THISDAYLIVE Recapitalisation: Guinea Insurance Surpasses N15bn Minimum Capital Guinea Insurance Plc has emerged the first insurance firm to successfully surpassed the N15 billion minimum capital requirement set by the regulator, the National Insurance Commission( NAICOM). Breaking the news over the weekend in…...

3+ week, 1+ day ago   (1010+ words) Ethiopia’s insurance industry is approaching what could become its most significant regulatory reform in decades. Under a draft proclamation expected to be enacted this year, insurance supervision would shift from the National Bank of Ethiopia (NBE) to an independent regulatory…...

3+ week, 3+ day ago   (241+ words) The National Insurance Commission, NAICOM, yesterday, issued new licences to the seven additional insurance companies that have been confirmed and verified as compliant with the new minimum capital requirement under the Nigerian Insurance Industry Reform Agenda (NIIRA 2025). The companies are…...

3+ week, 3+ day ago   (755+ words) Businesses are deliberate about protecting their physical assets. They insure office buildings, vehicles, equipment and other valuable assets because replacing them after an incident happens can be expensive. Yet the people who operate those assets, serve customers, make decisions and…...

3+ week, 4+ day ago   (487+ words) Nigeria’s insurance sector has reached a defining milestone with the conclusion of the industry-wide recapitalisation exercise. The National Insurance Commission (NAICOM) confirmed that most licensed firms have met new capital thresholds, while eight companies await final verification, and the status…...

3+ week, 5+ day ago   (13+ words) Ripples Nigeria...