ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Economy

Tinubu Signs Landmark Nigerian Insurance Industry Reform Bill into Law

Victoria Emeto by Victoria Emeto
August 6, 2025
in Economy
0
Tinubu Signs Landmark Nigerian Insurance Industry Reform Bill into Law

President Bola Ahmed Tinubu has signed the Nigerian Insurance Industry Reform Bill, 2025 into law, marking a significant milestone in the country’s financial sector transformation. The new law is part of the administration’s broader economic strategy to position Nigeria on the path toward becoming a $1 trillion economy.

In a statement on Tuesday, Bayo Onanuga, Special Adviser to the President on Information and Strategy, described the legislation as a “landmark reform”. Officially titled the Nigerian Insurance Industry Reform Act (NIIRA) 2025, the new law repeals and consolidates several outdated insurance statutes into one modern and unified legal framework.

The NIIRA Act provides for comprehensive regulation and supervision of all insurance and reinsurance businesses operating in Nigeria. It introduces far-reaching reforms aimed at improving transparency, financial stability, innovation, and global competitiveness in the industry.

According to Onanuga, the law is a critical part of the Renewed Hope Agenda for the Insurance Sector. Key highlights of the Act include:

  • Stringent capital requirements to ensure the financial soundness of operators
  • Enforcement of compulsory insurance policies to enhance consumer protection
  • A regulatory foundation to foster inclusive growth and investor confidence

The Presidency emphasized that this reform is in line with the Federal Government’s economic vision and commitment to building a sustainable and resilient financial ecosystem.

Tags: #InsuranceReform#NigeriaEconomy#NIIRA2025#TinubuAdministration
Previous Post

Asian Shares Climb on Hopes of Lower U.S. Tariffs for Japanese Carmakers

Next Post

Tinubu Approves Over N4.2 Billion for 158 Research Projects Under 2024 TETFund NRF Cycle

Victoria Emeto

Victoria Emeto

Next Post
Tinubu Approves Over N4.2 Billion for 158 Research Projects Under 2024 TETFund NRF Cycle

Tinubu Approves Over N4.2 Billion for 158 Research Projects Under 2024 TETFund NRF Cycle

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Nigeria’s Oil Tax Revenue Hits N3.69tn in H1 2025, Up 41.7%

Nigeria’s Oil Tax Revenue Hits N3.69tn in H1 2025, Up 41.7%

August 7, 2025
NNPCL Reports N748bn Profit, N5.89tn Revenue in Q1 2025

NNPC Slashes Petrol Price to N900 Per Litre, 48 Hours After Hike to N955

August 7, 2025
Foreign Investors Dump Nigerian Equities Worth N576bn in H1 2025 — NGX Report

Foreign Investors Dump Nigerian Equities Worth N576bn in H1 2025 — NGX Report

August 7, 2025
Tinubu Approves N1.5tn Recapitalisation of Bank of Agriculture to Boost Agri-Financing

Tinubu Approves N1.5tn Recapitalisation of Bank of Agriculture to Boost Agri-Financing

August 7, 2025
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

Nigeria’s Oil Tax Revenue Hits N3.69tn in H1 2025, Up 41.7%

Nigeria’s Oil Tax Revenue Hits N3.69tn in H1 2025, Up 41.7%

August 7, 2025
NNPCL Reports N748bn Profit, N5.89tn Revenue in Q1 2025

NNPC Slashes Petrol Price to N900 Per Litre, 48 Hours After Hike to N955

August 7, 2025
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!