NAICOM Insurance Recapitalisation Updates

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.

Rex Insurance Limited has successfully met the new minimum capital requirement set by the National Insurance Commission (NAICOM) under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, reinforcing its financial strength and commitment to stakeholders.

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