NAICOM Moves to Wind Up NICON Insurance After Capital Failure
The National Insurance Commission (NAICOM) has cancelled the registration of NICON Insurance Limited after the insurer failed to meet the ...
Tag: insurance recapitalisation
Insurance Recapitalisation May Put Pressure on Agents Before Shareholders
Nigeria’s insurance recapitalisation has strengthened the capital base of the industry, but the exercise could have implications beyond insurers’ balance ...
Court Extends Restraining Order in Universal Insurance Licence Dispute
The Federal High Court in Lagos has extended a previously granted restraining order involving Universal Insurance Plc, the National Insurance ...
NAICOM Revokes Nigeria Reinsurance Licence Over Capital Shortfall
The National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation after the company failed to meet ...
Regency Alliance Insurance Launches ₦7bn Private Placement Ahead of NAICOM Deadline
Regency Alliance Insurance Plc has launched a ₦7 billion private placement as it intensifies efforts to meet the National Insurance ...
Sovereign Trust Insurance Remits N1.5bn Capital Deposit to CBN Under NIIRA 2025
Sovereign Trust Insurance Plc has successfully remitted a statutory capital deposit of N1.5 billion to the Central Bank of Nigeria ...
SUNU Assurances Launches N9.34 Billion Rights Issue to Boost Capital Base
SUNU Assurances Nigeria Plc plans to raise N9.34 billion through a rights issue as the insurer moves to reinforce its ...
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