Barbara Bako, Abuja. The National Insurance Commission (NAICOM) has intensified efforts to boost compliance with compulsory insurance laws by partnering with the Nigeria Police Force (NPF) to strengthen enforcement against fake insurance certificates and expand insurance coverage across
The Central Bank of Nigeria (CBN) has reiterated that both the commemorative ₦100 banknote and the standard ₦100 banknote remain legal tender in Nigeria and must be accepted for all transactions nationwide. Hakama Sidi Ali, Ag. Director, Corporate Communications at
Barbara Bako, Abuja. The National Insurance Commission (NAICOM) has reaffirmed its commitment to strengthening collaboration with the Chartered Insurance Institute of Nigeria (CIIN) as the insurance industry prepares for the implementation of key reforms, including the Nigerian Insurance Industry
Barbara Bako, Abuja. The National Insurance Commission (NAICOM) has called on insurance operators to prioritise prompt claims settlement, deepen innovation and strengthen enforcement of compulsory insurance ahead of the July 31 recapitalisation deadline. Commissioner for Insurance, Olusegun Ayo
The Securities and Exchange Commission (SEC) has granted Approval-in-Principle (AIP) to seven fintech and digital asset firms for admission into its Accelerated Regulatory Incubation Programme (ARIP), a move aimed at promoting innovation in Nigeria’s capital market while
Barbara Bako, Abuja. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the National Pension Commission (PenCom) have recovered more than N3 billion in unremitted pension contributions from defaulting employers as part of efforts to strengthen
Barbara Bako, Abuja. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the National Pension Commission (PenCom) have recovered more than N3 billion in unremitted pension contributions from defaulting employers as part of efforts to strengthen
Following the revocation of the operating licenses of 46 Microfinance Banks (MFBs) by the Central Bank of Nigeria (CBN), on July 1, 2026, the Nigeria Deposit Insurance Corporation (NDIC), has been appointed as the official Liquidator, pursuant to
The Central Bank of Nigeria (CBN) has revoked the operating licenses of forty-six (46) Microfinance Banks with effect from July 1, 2026, in accordance with its powers under Sections 12 and 13 of the Banks and Other Financial Institutions
Barbara Bako, Abuja. NETAPPS has received a Partnering Insurtech licence from the National Insurance Commission (NAICOM), paving the way for the company to expand digital insurance services and support efforts to improve insurance penetration in Nigeria. The licence
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