Nigeria’s insurance industry is preparing for major changes following the signing of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 by President Bola Ahmed Tinubu earlier this month. The new …
The ongoing recapitalisation of Nigeria’s insurance industry received a major push on Tuesday as the National Insurance Commission (NAICOM) and the Securities and Exchange Commission (SEC) pledged to work more …
President Bola Ahmed Tinubu has signed the Nigerian Insurance Industry Reform Bill 2025 into law, officially making it the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The new law has …
Landlords and occupiers of public buildings in Nigeria now risk a fine of N1 million, a jail term of 12 months, or both, if they fail to insure their properties …
The Nigerian insurance industry is set for another major celebration as top companies and industry leaders have been shortlisted for the 2025 Almond Insurance Industry Awards. The nominees were officially …
The National Insurance Commission (NAICOM) has released new operational guidelines for Insurtech companies in Nigeria, in a move aimed at improving innovation, protecting consumers, and growing digital insurance in the …
The Nigeria Liability Insurance Pool (NLIP) has announced a significant financial performance for the 2024 fiscal year, posting a net surplus of ₦708.24 million, a 118 per cent increase from …
The House of Representatives has accused the National Insurance Commission (NAICOM) of failing in its regulatory role, saying the lapse allowed widespread financial infractions by 25 insurance firms operating in …
Nigeria’s top insurance companies are currently experiencing their most profitable period in over a decade, as a mix of rising interest rates, regulatory enforcement, and strategic investment choices propel their …
A new digital platform has entered Nigeria’s insurance market with a promise to make insurance easier, cheaper, and more accessible to everyone. Transparency Scape Insurance Brokers Limited, on Tuesday, officially …