The National Insurance Commission (NAICOM) has warned that to strengthen Nigeria’s insurance industry, it may sanction more insurance companies through liquidation. This was disclosed by the Deputy Commissioner, Technical, NAICOM, Mr Sabiu Abubakar, at the Chartered Insurance Institute of Nigeria…
The Federal High Court in Lagos has held that the National Insurance Commission (NAICOM) cannot increase the statutory minimum solvency capital policy for Insurance companies without the National Assembly amending the Insurance Act and Regulation 2003. Justice Chukwujeku Aneke made…
The National Insurance Commission (NAICOM) has announced the cancellation of the Certificates of Registration of Niger Insurance Plc and Standard Alliance Insurance Plc. The action by the apex insurance regulator might not be unconnected with the financial and liquidity crisis…
The Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM) have signed insurance services guidelines which would oblige the oil and gas industry to patronise the local insurance sector. A statement issued on Monday by the…
Key stakeholders in Nigeria’s financial sector would engage in a robust round table discussion on government’s key policy which centres around inclusive financial system that will cover all strata of the society. The experts drawn from key private sector organisations…
The Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM) have signed insurance services guidelines which would oblige the oil and gas industry to patronise the local insurance sector. A statement issued on Monday by the…
By Matthew Denis Abuja The Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed on Friday inaugurated the boards of National Insurance Commission (NAICOM) and that of Nigerian Export Import Bank (NEXIM) for another five tenures considering the effort…
The Federal Government has called on the National Insurance Commission (NAICOM) to put in place measures that will ensure insurance companies meet their obligations to policyholders by paying claims promptly. Dr Zainab Ahmed, the Minister of Finance, Budget and National…
The National Insurance Commission (NAICOM), has commenced capacity building in universities across the six geo-political zones of the country to improve insurance education and facilitate penetration in schools. Mr Sunday Thomas, the Commissioner for Insurance, said this in Abuja on…
The Chief Executive Officer, National Insurance Commission (NAICOM), Mr Sunday Thomas, on Thursday charged insurance regulators across Africa to play their vital role in ensuring sustainable economic development. Thomas gave the advice at the Declaration on Insurance Conference for African…
