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AIICO fast tracks operation, retains composite licence without capital raise as Q2 performance records improvement

Kelvin EgerueAugust 5, 2026

by Kelvin EgerueAugust 5, 20260678

After scaling the hurdles of recapitalization with injecting fresh capital into its operations, AIICO Insurance Plc said that it has received a new operational licence from the National Insurance Commission (NAICOM), confirming its full compliance with the recapitalisation requirements introduced under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The......

Business & Economy Insurance digest Metro news Stock Market

Consolidated Hallmark Insurance reaffirms financial strength on the back of NAICOM’s ratification of recapitalisation

Kelvin EgerueAugust 4, 2026

by Kelvin EgerueAugust 4, 20260888

Consolidated Hallmark Insurance Limited, a subsidiary of Consolidated Hallmark Holdings Plc has reaffirmed its position as one of Nigeria’s financially strong, resilient and dependable insurance companies after successfully meeting the National Insurance Commission’s (NAICOM) new minimum capital requirement under the industry’s recapitalisation programme. The milestone underscores the company’s sound financial......

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Stock market rebounds, opens week with N288bn gain

Peter AnayoAugust 3, 2026

by Peter AnayoAugust 3, 20260559

The Nigerian equities market opened the week on a positive note on Monday, advancing by 0.18 per cent as investors gained N288 billion. Buyers’ interest in stocks like Eterna, Caverton Offshore Support Group, Omatek Ventures, AVA Capital, Vitafoam and 20 other advancing equities drove the market performance up. Specifically, the......

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Recapitalization: NAICOM clears 43 insurance firms, puts 8 others in waiting room

Kelvin EgerueAugust 3, 2026

by Kelvin EgerueAugust 3, 202601012

Insurance industry regulatory authority the National Insurance Commission (NAICOM) has cleared a total of 43 insurance and reinsurance companies to continue operations saying that the companies met the industry’s recapitalization requirements which set a higher bar of minimum capital requirement as prescribed by the 2025 insurance sector reform Act. NAICOM......

Business & Economy Insurance digest Stock Market

AXA Mansard’s profit climbs to ₦7.8bn as capital base meets NAICOM’s threshold

Kelvin EgerueAugust 2, 2026

by Kelvin EgerueAugust 2, 20260915

An underwriting firm, AXA Mansard Insurance Plc has sustained its growth momentum in the first half of 2026, posting a 14 per cent increase in profit after tax to ₦7.8 billion while reaffirming that it is well positioned to meet the new minimum capital requirements under the Nigerian Insurance Industry......

Business & Economy Insurance digest Stock Market

Guinea Insurance scales ₦15bn minimum capital requirement hurdle records milestone achievement

Kelvin EgerueAugust 2, 2026

by Kelvin EgerueAugust 2, 20260718

Guinea Insurance Plc has achieved a significant milestone in its recapitalisation programme, having surpassed the ₦15 billion minimum capital requirement prescribed for non-life insurance companies by the National Insurance Commission (NAICOM) following the successful conclusion of its hybrid capital raising exercise. The Company successfully raised approximately ₦12.6 billion through a......

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Beyond basic third-party insurance: Why every motorist should consider enhanced cover

Kelvin EgerueJuly 20, 2026

by Kelvin EgerueJuly 20, 202602199

For many Nigerian motorists, purchasing Third-Party Motor only Insurance is simply a legal requirement. While it satisfies the minimum insurance obligation under the law, many drivers are unaware that a standard third-party policy does not provide compensation for damage to their own vehicle following an accident. As the cost of......

Business & Economy Insurance digest Metro news Stock Market

Sovereign Trust Insurance recommits to stakeholder satisfaction

Kelvin EgerueJuly 19, 2026

by Kelvin EgerueJuly 19, 202602940

Amid the conclusion of a successful rights issue, Sovereign Trust Insurance Plc has reaffirmed its unwavering commitment to delivering on its promise to policyholders through the prompt settlement of genuine claims, maintaining its reputation as a dependable insurer in Nigeria’s dynamic insurance industry. As at June 30, 2026, the Company......

Business & Economy Insurance digest Metro news Stock Market

At Akinjide Orimolade’s investiture as CIIN president, NAICOM warns insurers against missing July 31 recapitalisation deadline

Kelvin EgerueJuly 19, 2026

by Kelvin EgerueJuly 19, 202602296

Managing Director and Chief Executive Officer of Stanbic IBTC Insurance Company Mr Akinjide Oluwarotimi-Orimolade was recently decorated as the 53rd president of the Chartered Insurance Institute of Nigeria (CIIN). Picture shows the new president Mr Orimolade (middle) his wife (3rd from right) and Commissioner for Insurance Mr Olusegun Ayo Omosehin......

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Shareholders applaud NEM Insurance’s N7.52bn dividend payout on strong 2025 results

Kelvin EgerueJune 11, 2026

by Kelvin EgerueJune 11, 202603265

(L-r) Idowu Semowo, Executive Director, Finance and Investment, NEM Insurance Plc; Ifunanya Iwuagwu, Company Secretary/Legal Adviser; Andrew Ikekhua, MD/CEO, NEM Insurance Plc; Tope Smart, Group Chairman; Daphne Dafinone, Director and Kelechi Okoro, Non-Executive Director at the 56th annual general meeting of NEM Insurance Plc held in Lagos Shareholders of NEM......