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Minimum Capital

Expert urges NAICOM to convert non-recapitalised companies to micro-insurers

The National Insurance Commission (NAICOM) has been advised not to totally dispose off insurance companies that fail to meet the new minimum capital requirement for underwriters but instead, convert them to micro-insurers.

CBN: Revised MFBs categories to boost operations in economy

The Central Bank of Nigeria says the revised categories of MicroFinance Banks, which give them up to April 2020 to recapitalise, is to ensure their continued operations in the economy.

NAICOM insists on October deadline for insurance recapitalisation despite court order

The National Insurance Commission (NAICOM) yesterday said there was no going back on its October 1, 2018 deadline for operators in the insurance industry to shore up their capital base.

NAICOM raises minimum capital for insurance firms by 200%

The National Insurance Commission (NAICOM) has raised the minimum capital requirement for insurance firms operating in the country by 200%.

Recent Stories

The US Federal Bureau of Investigation (FBI) has arrested Nigerian entrepreneur, Obinwanne Okeke of conspiracy to commit fraud running into the sum of 12 million US dollars.

$11 million fraud: Obinwanne Okeke pleads not guilty, remanded in prison

Obinwanne Okeke, the 31-year-old Nigerian held by American authorities for alleged fraud, entered a plea of not guilty to two counts of wire and computer fraud at his first hearing on Monday.
Oby Ezekwesili

Oby Ezekwesili urges new economic council to tell President Buhari how he ‘mismanaged economy’

Oby Ezekwesili, a former presidential candidate, on Tuesday, urged the newly constituted Economic Advisory Council to make it a priority to tell President Muhammadu Buhari, how he has allegedly mismanaged the economy.
Rescue workers stand near a passenger train after it derailed during rush hour outside Hung Hom station on the Kowloon side of Hong Kong. Anthony Wallace-AFP-Getty Images

Train derails in Hong Kong during rush hour

A passenger train derailed during the morning rush hour in Hong Kong on Tuesday leaving eight people injured, authorities said.
Gov. Gboyega Oyetola of Osun in Monday inaugurated eight newly renovated primary health care centres in the state.

Osun governor inaugurates eight primary health care centres

Gov. Gboyega Oyetola of Osun in Monday inaugurated eight newly renovated primary health care centres in the state.

IPOB: Security agents besiege Nnamdi Kanu’s Umuahia home

The Indigenous People of Biafra (IPOB) has insisted that security agents have been keeping watch at the country home of their leader, Mazi Nnamdi Kanu, despite consistent denial by the authorities.