NAICOM Begins Formal Wind-Up of NICON Insurance
The National Insurance Commission, NAICOM, has commenced the formal winding-up of NICON Insurance Limited following the cancellation of the insurer’s...
Tag Archives: #NAICOM
NAICOM Shifts Focus to Insurance Penetration After Recapitalisation
The National Insurance Commission, NAICOM, has shifted its attention towards expanding insurance coverage following the recapitalisation of the industry. The...
NAICOM Targets 10% Insurance Penetration by 2031
The National Insurance Commission has launched a five-year programme aimed at increasing insurance penetration in Nigeria from the current 0.5...
NAICOM, IFSB Move to Expand Takaful Insurance Coverage in Nigeria
Nigeria's insurance regulator is working with the Islamic Financial Services Board to strengthen the country's Takaful insurance market and expand...
NAICOM Rules Out Extension of July 31 Recapitalisation Deadline for Insurance Companies
The National Insurance Commission (NAICOM) has reaffirmed that it will not extend the July 31, 2026 deadline for the ongoing...
NAICOM Sets July 31 Deadline, Bars Insurance Firms with Outstanding Claims from Recapitalisation Approval
The National Insurance Commission (NAICOM) has warned insurance companies that they will not receive regulatory approval for re-licensing if they...