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Insurance Policyholders’ Protection Fund: Key Obligations For Insurers And Reinsurers Under The New NAICOM Guidelines
The National Insurance Commission (NAICOM) has issued Guidelines for the Insurance Policyholders' Protection Fund (IPPF), requiring all licensed insurers and reinsurers to contribute 0.25% of their Net Premium Income to protect policyholders and beneficiaries. The Guidelines establish a comprehensive framework for funding, management, and utilization of the Fund, with strict compliance obligations and regulatory oversight.
Nigeria Insurance
UU
Udo Udoma & Belo-Osagie
Article
Legal, Regulatory, And Market Issues Shaping Nigeria’s Ongoing 2025 Petroleum Licensing Round
Nigeria's 2025 Petroleum Licensing Round offers 50 blocks across the Niger Delta, deep offshore, and frontier basins, targeting USD 10 billion in investment under the Petroleum Industry Act. With nearly 300 applicants competing, the round represents the most ambitious upstream acreage release in Nigeria's post-PIA era, testing the country's reformed regulatory framework at unprecedented scale.
Nigeria Energy
UU
Udo Udoma & Belo-Osagie
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