No Insurance Firm Has Met New Capital Base, Says Regulatory Commission

Leadership | 31-12-2025 07:12pm |

The National Insurance Commission (NAICOM) has stated that no insurance company operating in Nigeria has, to date, been legally confirmed to have met the new minimum capital requirements introduced under the ongoing recapitalisation exercise. The National Commissioner for Insurance, Olusemu Ayo, disclosed this on Tuesday in Abuja during a media engagement, stressing that claims by

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