Nigeria: Insurance Laws and Products

Entertainment contracts in Nigeria's rapidly expanding industry must clearly allocate risk when events fail due to unforeseen circumstances, yet many agreements remain inadequately drafted.

Nigeria's Insurance Regulatory Sandbox, operational since 2023, offers a controlled testing environment for innovative insurance structures. Could this framework provide the pathway for establishing a domestic Protection & Indemnity mutual club, addressing a critical gap in Nigeria's maritime insurance sector while navigating the complex regulatory requirements of NAICOM, NIMASA, and local content legislation?

Nigeria's landmark insurance reform has inadvertently complicated the establishment of a domestic Protection and Indemnity club, creating a fundamental tension between modern regulatory requirements and the mutual structure essential to marine liability insurance. Can the National Insurance Commission leverage existing legal provisions to bridge this gap and capture billions in annual premiums currently flowing to foreign institutions?

Nigeria's largest purchaser of healthcare and regulator of all health insurance schemes has entered the next phase of its journey to better measure and improve the quality of care in its network by working with PharmAccess.

The Secretary General of the International Maritime Organization (IMO), Mr. Arsenio Domínguez, has praised Nigeria's maritime achievements, highlighting its three - year streak...

This article explores the need for better and more responsible communication between football clubs and officials of the Nigeria National League (NNL) as an important prerequisite to protecting the image and integrity of the game.

If the interest in an engine installed in an airframe is held by a person other than the person who holds interest in the airframe, the risk of title annexation does exist...

Mergers and Acquisitions (M&A) transactions in Nigeria - much like in other jurisdictions - involve complex negotiations and significant financial stakes.

Underwriting has its origins in the insurance industry, where it entailed assuming risks connected to potential losses.