NAICOM orders insurance companies to submit recapitalisation plans by September 30

Ripplesnigeria | 10-09-2025 07:18am |

The National Insurance Commission (NAICOM) has ordered all insurance and reinsurance companies in Nigeria to submit their recapitalisation plans by September 30. The directive followed the enactment of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 and is aimed at ensuring effective and seamless implementation of the new capital thresholds. With NIIRA 2025, the minimum

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