naicom

February 25, (THEWILL) — The National Insurance Commission (NAICOM) has approved the appointment of Ademoye Shobo as the new Managing Director/Chief Executive Officer of Lasaco Assurance Plc, with his tenure taking effect from February 6, 2026. The regulatory clearance...

December 31, (THEWILL) — The National Insurance Commission (NAICOM) has ruled out any extension of the ongoing insurance recapitalisation deadline, reinforcing regulatory discipline and sending a clear signal to the capital market on the need for timely compliance. The...

March 26, (THEWILL) - Total assets of the Nigerian Insurance industry increased to about N2.67 trillion in the fourth Quarter (Q4) of 2023, the National Insurance Commission (NAICOM) said in the latest data released on Tuesday. According to the...

The Independent Shareholders Association of Nigeria (ISAN) has described as pathetic the acquisition of local insurance firms by foreign conglomerates under the aegis of Foreign Direct Investment (FDI), saying it portends bad omen for sustainable growth of the Nigerian...

January 02, (THEWILL) – The Insurance Consumers Association of Nigeria (INSCAN) has asked the National Insurance Commission (NAICOM) to reverse its directive on the increase of third-party Motor Insurance Premium in Nigeria. NAICOM recently issued a policy directive on the...

October 13, (THEWILL) – Nigeria’s insurance industry’s total assets grew to about N2.3 trillion in the second quarter of 2022, indicating an increased growth rate of 11.9 per cent over the first quarter. The National Insurance Commission (NAICOM) made this...

Stakeholders in the nation's insurance industry have called on the National Insurance Commission (NAICOM) to review the current regulation, which limits total insurance cover for aviation at the maximum of 5 per cent shareholding funds. As specified in the...