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News
Fortis Global Insurance Appoints Ufuoma Ibru, Umar Faruk to Board |
2+ hour, 2+ min ago (1278+ words) The board of Fortis Global Insurance Plc has been strengthened with two new additions, with Mr Umar Faruk Umar appointed as an independent non-executive director and Mr Ufuoma Ibru as a non-executive director. A statement signed by the company secretary,…...
NAICOM Insists July 31 Insurance Recapitalisation Deadline Sacrosanct
3+ week, 3+ day ago (1458+ words) The National Insurance Commission (NAICOM) has reiterated that the July 31, 2026, deadline for insurance companies to meet the new minimum capital requirements remains firm, warning operators against treating it as a mere formality. The Commissioner for Insurance of NAICOM, Mr Olusegun…...
Regency Alliance Urges Shareholders to Participate in N3.04bn Rights Issue
1+ mon, 3+ week ago (1377+ words) The N3.04 billion rights issue of Regency Alliance Insurance Plc is expected to open on Monday, June 22, 2026, and close on Friday, July 3, 2026, with shareholders urged to participate. The underwriting firm recently signed an agreement on the rights issue, with board members,…...
CBI Partnering Secures Insurtech Licence from NAICOM | Business Post
2+ mon, 2+ week ago (1412+ words) The National Insurance Commission (NAICOM) has formally issued an operational licence to an insurance technology (insurtech) company, CBI Partnering Insurtech Limited. It was the first issued by the regulator in Nigeria, and it is aimed at opening up the sub-sector…...
Agusto Upgrades Stanbic IBTC Insurance Credit Ratings | Business Post
7+ mon, 1+ day ago (1278+ words) The credit ratings of Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings Plc, have been upgraded by Agusto & Co. The improved ratings underscore the company’s commitment to robust risk management, operational discipline, and its strong capacity to meet obligations…...