Barbara Bako, Abuja. The National Insurance Commission (NAICOM) has warned members of the public against fraudulent individuals impersonating the Commissioner for Insurance, Mr Olusegun Ayo Omosehin, through fake social media accounts and messaging platforms. The Commission said the fraudsters
Barbara Bako, Abuja. The National Insurance Commission (NAICOM) has warned insurance companies against complacency following the conclusion of the industry’s recapitalisation exercise, urging boards and management to strengthen corporate governance, risk management and capital deployment to ensure long-term
Barbara Bako, Abuja. The Nigeria Deposit Insurance Corporation (NDIC) has been recognised for its strong ethics and governance record after emerging second overall in the 2025 Ethics and Integrity Compliance Scorecard (EICS) of the Independent Corrupt Practices and Other
Barbara Bako, Abuja. The Nigerian insurance industry is set for deeper regulatory and market reforms as the Nigerian Insurers Association (NIA) and the National Insurance Commission (NAICOM) strengthen collaboration on key initiatives to improve the sector’s resilience and competitiveness.
Barbara Bako, Abuja. The National Insurance Commission (NAICOM) has issued fresh licences to additional insurance companies that have met and verified compliance with the minimum capital requirements under the Nigerian Insurance Industry Reform Agenda (NIIRA 2025). The
The National Insurance Commission (NAICOM) has commenced the issuance of new licence certificates to insurance companies that successfully met the Commission’s revised minimum capital requirements, marking a major milestone in the ongoing recapitalisation of Nigeria’s insurance industry. The presentation
The National Insurance Commission (NAICOM) has announced the successful completion of the insurance industry’s 12 month recapitalisation exercise, with 43 insurance and reinsurance companies meeting the new minimum capital requirements prescribed under the Nigerian Insurance Industry Reform
Barbara Bako, Abuja. The National Insurance Commission (NAICOM) has reaffirmed its commitment to supporting the growth of Takaful and microinsurance in Nigeria as part of efforts to deepen financial inclusion and extend insurance protection to underserved communities. The
Barbara Bako, Abuja. The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Olusegun Ayo Omosehin, has charged the Chartered Insurance Institute of Nigeria (CIIN) to strengthen professionalism, ethical standards and innovation to support
Barbara Bako, Abuja. The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Olusegun Ayo Omosehin, has charged the Chartered Insurance Institute of Nigeria (CIIN) to strengthen professionalism, ethical standards and innovation to support
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