insurance recapitalization News

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• NAICOM Vows to Prevent Corporate Failures Amidst July 2026 Insurance Recapitalization Deadline

  Published: May 1, 2026

  Section: Africa

  The National Insurance Commission has declared that no licensed insurance firm will be allowed to collapse during the current industry wide recapitalization drive. Speaking in Lago...

• NAICOM mandates 3 billion Naira minimum capital for microinsurance firms under new reform act

  Published: Apr 6, 2026

  Section: Africa

  The National Insurance Commission (NAICOM) is set to significantly upgrade the minimum capital requirement for microinsurance firms to a uniform 3 billion Naira. Contained within t...