The National Insurance Commission (NAICOM) and the Federal Fire Service this Thursday met at the NAICOM Headquarters to review and strengthen their partnership. NAICOM in a statement pointed out that the Federal Fire Service, as a key member of the
The National Insurance Commission (NAICOM) says it has warmly welcomed the passage of the new Insurance Consolidated Bill by the Upper Chamber of the National Assembly and is optimistic that the legislation will unlock the growth, prosperity, and potentials of
The National Insurance Commission (NAICOM) and the Infrastructure Concession Regulatory Commission (ICRC) have agreed to partner to implement insurance provisions for assets under public-private partnership arrangements, as outlined in the law. This was discussed during a courtesy visit of the
The National Insurance Commission (NAICOM) this Friday, November 29, 2024, presented an operational license to the Nigerian Police Force NPF Insurance Co. Ltd. Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, formally handed over the license to Mr. Temitayo Oke, Managing
Leah Katung-Babatunde. The National Insurance Commission and the Nigerian Data Protection Commission are partnering to enhance data protection within the insurance sector. To this end, both organisations signed a Memorandum of Understanding (MoU) Tuesday, November 22nd, 2024 aimed
The National Insurance Commission (NAICOM) and the Economic and Financial Crimes Commission (EFCC) have agreed to strengthening partnership in what they describe as a crucial step towards creating a more secure and stable insurance sector in Nigeria. This agreement was
In the exercise of its regulatory powers, the National Insurance Commission (NAICOM) has sacked the Board and Management of African Alliance Insurance Plc, one of Nigeria’s oldest life assurance companies, following years of insolvency and failure to meet the obligations
The new Board of Directors of the Nigeria Incentive -Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc has been inaugurated following the reconstitution of the Board on Friday, 30th August, 2024. The new Board members were inaugurated at the
The Commissioner for Insurance and Chief Executive of the National Insurance Commission, Mr. Olusegun Ayo Omosehin has sought the cooperation of the Nigeria Governor’s Forum (NGF) to design a coordinated approach to deepen insurance penetration using the secretariat as policy
The Nigeria Deposit Insurance Corporation NDIC says it has successfully reimbursed about 82.36% of the total insured deposit of the defunct Heritage Bank to date; the direct payment was done through BVN-linked alternate accounts without the need for depositors to
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