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News
Court extends restraining order against NAICOM, receiver in Universal Insurance case
1+ week, 2+ day ago (366+ words) A Federal High Court in Lagos has extended the restraining order previously granted against the National Insurance Commission (NAICOM) and the receiver appointed over Universal Insurance Plc, pending the hearing of the company’s suit challenging the revocation of its operating…...
Insurance Sector: Investment income, not core insurance operations, drives H1 2026 profits
3+ week, 5+ day ago (711+ words) Investment returns emerged as a major profit driver for listed Nigerian insurers in the first half of 2026, with earnings from investment activities surpassing profits generated from their core insurance operations. An analysis of the H1 2026 financial statements of 17 listed operating insurers…...