Insurers in Nigeria are intensifying their efforts to comply with new recapitalisation regulations following the expiration of the National Insurance Commission (NAICOM) deadline for statutory deposits on May 30, 2026. This regulatory push aims to strengthen the financial stability of insurance companies in the country. As a result, many insurers are actively seeking ways to enhance their capital base to meet the requirements set forth by NAICOM. The deadline's elapse marks a significant milestone in the ongoing transformation of the Nigerian insurance sector.
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