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Implementation of Revenue Optimization Platform (REVOP)

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Implementation of the New Minimum Capital Requirement (MCR) Prescribed by the Nigerian Insurance Industry Reform Act (NIIRA) – July 2025

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Issuance of Guidelines on Licensing and Renewal of Insurance Institutions’ Licences in Nigeria

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Mandatory Prompt Settlement of Claims and Enforcement of Compliance with Statutory Third-Party Motor Insurance – December 2022

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NAICOM Portal Enforcement – September 2021

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New Premium Rates for Motor Insurance – Janruary 2023

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Non-Compliance with Nigerian Content Requirements of Extant Insurance Laws and Regulations by Insurance Institutions

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Notification of the Integration of the Approval in Principle, No Objection Letter of Attestation, and Post-Placement Report Processes via the NAICOM Portal for Brokers – June 2022

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Request to Upload Additional Documents for the Post-Placement Report – April 2023

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Requirements for the Addition of Reinsurance to Insurance Brokers’ Licences

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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...