The attention of the National Insurance Commission (NAICOM) has been drawn to a publication titled “100 Billion Fraudulent Insurance Recapitalization: EFCC Detains NAICOM Director and Commissioner, Both on Bail”, published on 9 September 2026 being sponsored by the promoters of NICON Insurance Plc and Nigeria Reinsurance Corporation, both of which are currently under liquidation. The […]
The National Insurance Commission (NAICOM), in partnership with the Insurance Sector Strengthening Programme (ISSP), today officially launch the Insurance Sector Strengthening Programme (ISSP), an initiative designed to advance insurance penetration, financial inclusion, innovation, and stakeholder collaboration within Nigeria’s insurance ecosystem.
The Commissioner for Insurance/Chief Executive of the National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin, on Friday, 21 August 2026, hosted a high-level delegation of experts from the Islamic Financial Services Board (IFSB) following the successful completion of a Diagnostic Assessment Mission on Nigeria’s Takaful sector. The delegation, led by Dr. Hamim Syahrum Ahmad Mokhtar, […]
The National Insurance Commission (NAICOM) has today issued new licences to additional insurance companies that have been confirmed and verified as compliant with the minimum capital requirements under the Nigerian Insurance Industry Reform Agenda (NIIRA 2025). This development marks another significant milestone in strengthening confidence, enhancing financial stability, and promoting professionalism within Nigeria’s insurance industry. […]
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History was made today as the National Insurance Commission (NAICOM), at its headquarters in Abuja, presented new Licence Certificates to insurance companies that successfully met the Commission’s new minimum capital requirements. In his opening remarks, the Commissioner for Insurance (CFI) congratulated the successful companies and stated that the issuance of the new licences marks a […]
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