Retirees bet N474bn in payment for life
A set of retirees under the Contributory Pension Scheme (CPS) wishing to earn pensions for life has put down N474.1 billion premium with life insurance companies offering retiree life…
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national insurance commission naicom
Insurance premium up but business expansion slows
The nation’s insurance industry in the last six years witnessed significant improvement in premium collection following the implementation of ‘ No Premium No Cover’ policy, but the…
Transformation of Nigeria’s insurance sector from a tax perspective
One aims of the Finance Act was to simplify the taxation of the insurance sector to facilitate its growth, here experts at EY (Ernst & Young) take a look at some of the most important…
Lawmakers direct NAICOM to suspend Dec. 31 recapitalisation deadline for insurers
Nigeria's House of Representatives has mandated the National Insurance Commission (NAICOM) to suspend the planned 31st December, 2020 mandatory deadline for the completion of the first phase…
NAICOM explains policy on minimum paid-up share capital for insurance companies
The National Insurance Commission (NAICOM) explained on Tuesday that the minimum Paid-up Share Capital for insurance companies will be through any or a combination of the following; existing…