Nigeria’s insurance companies are largely opting to raise fresh capital rather than pursue mergers as they race to meet new minimum capital thresholds in the ongoing recapitalisation programme.
With about six months left to the July 30 compliance deadline set by the Nigerian Insurance Industry Reform Act (NIIRA) 2025, there has been little evidence of serious merger talks among insurers. Instead, market activity points to preparations for capital raising, with several firms exploring options that include public offers, private placements, ri
