There has been recurring clamour for recapitalisation of the Insurance sector in Nigeria owing to what has been perceived as declining public confidence in the sector's integrity, ...
The apex regulator of the insurance sector, National Insurance Commission ("NAICOM") in 2019
issued directives for the increase in the minimum paid-up share capital requirement for all
The context for the above statement by Nigeria's insurance regulator was subsequent to the litigation instituted by aggrieved shareholders of some insurance companies to stop NAICOM's...
In exercise of its statutory powers and regulatory functions, the NAICOM, recently reviewed the minimum paid-up share capital requirement for all classes of insurers doing business in Nigeria.