Browsing Tag
NAICOM
9 posts
Kari urges Finance Minister to reject political lobbying in NICON and Nigeria Re-Insurance licence case
Former NAICOM chief Mohammed Kari is calling on Finance Minister Taiwo Oyedele to stop using political influence to bypass regulatory sanctions against NICON Insurance and Nigeria Re-Insurance.
Finance Minister Challenges NAICOM Over Insurance Recapitalization Charges
Finance Minister Taiwo Oyedele has questioned NAICOM regarding additional fees and escrow mandates imposed on insurance companies during the ongoing recapitalization process.
Finance Minister Oyedele Challenges NAICOM on Insurance Recapitalization Levies
Finance Minister Taiwo Oyedele has intervened in a dispute between insurance companies and NAICOM over capital injection fees and escrow requirements.
Cornerstone Insurance and FIN Insurance Achieve NIIRA 2025 Capital Standards
Cornerstone Insurance Plc and FIN Insurance have officially met the new minimum capital requirements set by NAICOM under the 2025 insurance reform laws.
NAICOM Cancels Nigeria Reinsurance Corporation Licence Held by Jimoh Ibrahim
NAICOM has officially withdrawn the licence of Nigeria Reinsurance Corporation, citing a failure to satisfy capital requirements, and has appointed a liquidator to oversee the company's affairs.
NAICOM Praises Senate for Approving National Insurance Regulatory Commission Bill
NAICOM has lauded the Nigerian Senate for passing the National Insurance Regulatory Commission Bill, citing it as a vital advancement for industry regulation and financial inclusion.
Senate Approves Legislation to Rename NAICOM to Insurance Regulatory Commission
The Nigerian Senate has passed a bill to rename NAICOM as the Insurance Regulatory Commission, aiming to modernize industry oversight and grant the agency greater autonomy.
NAICOM issues final reminder for July 31 insurance recapitalisation deadline
NAICOM Commissioner Olusegun Ayo Omosehin has urged insurance companies to meet the July 31 recapitalisation deadline, emphasizing that the requirement is essential for industry stability and service improvement.
NAICOM Urges Nigerian Insurers Association to Restore Public Confidence
NAICOM Commissioner Olusegun Ayo Omosehin has tasked the new NIA leadership with restoring public trust and expanding insurance penetration following recent legislative and capital reforms.