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NAICOM Press Release

Naicom Announces Successful Completion Of The Insurance Sector Recapitalization Exercise, Heralding A New Era Of Insurance In Nigeria

The National Insurance Commission, today announced the successful completion of the twelve-month insurance sector recapitalization exercise undertaken pursuant to Section 15 and other relevant provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed into law on 31 July 2025 by His Excellency, President Bola Ahmed Tinubu, GCFR, as part of his administration’s financial […]

Commissioner for Insurance Reaffirms Support for Insurance Sector Growth as Noor Takaful Nears 10th Anniversary

Commissioner for Insurance Reaffirms Support for Insurance Sector Growth as Noor Takaful Nears 10th Anniversary The National Insurance Commission (NAICOM) has restated its commitment to nurturing the growth of Takaful and microinsurance in Nigeria, positioning them as vital tools for financial inclusion. During a courtesy visit by the Board and Management of Noor Takaful led […]

Directive

Mandatory Completion and Submission of Risk-Based Capital Quantitative Impact Study Template – Financial Year 2025

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Directive

Request for Data Submission – Mortality Table Development

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Advertisement of Products and Services Without Approval of the Commission

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Circular on Exhaustion: Utilization of Local Content Capacity Prior to Any Offshore/Overseas Insurance/Reinsurance Placement

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Circular on the Provision of Section 3.8.3 of the Revised Market Conduct and Business Practice Guidelines 2024

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Conversion of Commission’s % ISS Levy Denominated in US Dollars, Euros, and Pounds to Naira

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Dedicated Email System for Correspondence with the Commission

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Guidance Notes on Microtakaful Window Operations

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Copyright © 2026 NAICOM • All Rights Reserved

NIA Pays Courtesy Visit to NAICOM......The Launch of the Insurance Sector Strengthening Programme (ISSP)......NAICOM Hosts IFSB Takaful Experts on Diagnostic Assessment Mission to Strengthen Nigeria’s Takaful Market....NAICOM Issues Licences to additional companies confirmed and verified as compliant with the minimum capital requirements under NIIRA2025....Notice to the General Public,List of Additional Seven (7) Insurance Companies Confirmed and Verified by the Commission as Compliant with the Minimum Capital Requirements Under NIIRA 2025 and Applicable Insurance Laws and Guidelines....NAICOM Commences Issuance of New Licence Certificates to Recapitalized Companies, Marking a New Era for Nigeria's Insurance Industry...NAICOM Announces Successful Completion of the Insurance Sector Recapitalization Exercise, Heralding a New Era of Insurance in Nigeria......Commissioner for Insurance Reaffirms Support for Insurance Sector Growth as Noor Takaful Nears 10th Anniversary........Senate passes bill to rename NAICOM as Insurance Regulatory Commission...PUBLIC NOTICE!!!!!! TO ALL STAKEHOLDERS OF NIGER INSURANCE PLC (IN RECEIVERSHIP) The attention of the National Insurance Commission (NAICOM) has been drawn to publications carried in various national daily newspapers on 15 July 2026 by the purported management of Niger Insurance Plc (“Niger” or “the Company”). For the avoidance of doubt, NAICOM hereby categorically states that the referenced publication is false, mischievous, and grossly misleading. Accordingly, the general public, especially stakeholders and former policyholders of Niger Insurance Plc, are hereby requested to TAKE NOTICE.....Mr. Omosehin charges CIIN on professionalism, ethics and innovation as Akinjide Orimolade emerges 53rd President....NAICOM holds one-day training for Nigeria Police Force on compliance with compulsory Insurance Policies.....Nigeria's Insurance Premium  Hits N2.3 Trillion as Industry Assets Rise to N4.8 Trillion.....National Insurance Commission Successfully Inaugurates Insurance Policyholders’ Protection Fund (IPPF) Committee on 15th May 2026...