Insurance
Mutual Benefits Assurance Grows Pretax Profit by 48% to N17.4bn in 2025
Mutual Benefits Assurance Plc has reported a pretax profit of N17.4 billion for the 2025 financial year, representing a 47.58...
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Mutual Benefits Assurance Plc Pays Over N5.5bn Claims to Policyholders in April 2026
Mutual Benefits Assurance Plc has announced the disbursement of more than N5.5bn in claims to policyholders for April 2026, highlighting...
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NAICOM Vows to Prevent Insurance Firm Failures Amid Recapitalisation Drive
The National Insurance Commission (NAICOM) has reaffirmed its commitment to preventing the collapse of any licensed insurance company in Nigeria,...
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NAICOM Reaffirms Commitment to Staff Welfare, Professionalism
The National Insurance Commission (NAICOM) has reaffirmed its commitment to maintaining high labour standards and promoting the welfare of its...
Read moreNigeria’s Insurance Industry Records N2.3tn Premiums in Q4 2025
Nigeria’s insurance industry delivered a strong performance in the fourth quarter of 2025, recording Gross Premium Written (GPW) of N2.3...
Read moreNAICOM Launches Insurance Policyholders’ Protection Fund to Safeguard Policyholders
The National Insurance Commission (NAICOM) has unveiled the Insurance Policyholders’ Protection Fund (IPPF), mandating all insurance and reinsurance companies to...
Read moreNAICOM Says Insurance Sector Is New Frontier for Nigeria’s Economic Expansion
The National Insurance Commission has described Nigeria’s insurance industry as the next frontier for the country’s industrial and economic expansion,...
Read moreNAICOM Insists July 31 Deadline for Insurance Recapitalisation Is Final
The National Insurance Commission (NAICOM) has firmly ruled out any extension for the ongoing insurance recapitalisation exercise, declaring that the...
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Lasaco Assurance Repositions to Strengthen Competitiveness in Nigeria’s Insurance Market
As Nigeria’s insurance industry grapples with rising competition, changing customer expectations, and tighter regulatory requirements, insurance companies are increasingly repositioning...
Read moreNAICOM Engages Big Four to Verify Capital Status of Insurers, Reinsurers
The National Insurance Commission (NAICOM) has engaged the services of four global audit firms EY, PwC, KPMG and Deloitte to...
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