Insurers To Recapitalise as Tinubu Signs Insurance Reform Bill Into Law

President Bola Tinubu has assented to the Nigerian Insurance Industry Reform Bill, 2025, to strengthen Nigeria’s financial sector and accelerate the nation’s march toward a $1 trillion economy. With the assent, insurance companies will undergo a fresh recapitalisation exercise to shore up their capital bases to N10 billion and N15 billion, respectively, for Life and

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