NAICOM Insurance Recapitalisation Update

NAICOM confirmed that 43 insurance and reinsurance companies have met the new minimum capital requirements under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. This announcement was made in a public notice on Monday in Lagos.

Staco Insurance discloses NAICOM approval of 2024 financials and plans an AGM to advance its recapitalisation.

SOVRENINS files a recapitalisation update with the NGX as the insurer progresses its capital-raising exercise.