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National Insurance Commission

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Situations

[ACTIVE] [BUSINESS] [NG]

Nigeria insurance recapitalisation and regulatory updates

16 clusters · 35 sources · last updated

Latest: Nigerian insurance sector capital reaches N1.079 trillion

The Nigerian insurance sector’s 12-month recapitalisation programme, introduced under the 2025 Insurance Industry Reform Act, has concluded. By 22 August 2026, the National Insurance Commission (NAICOM) confirmed that 50

[QUIET] [BUSINESS] [NG]

Universal Insurance regulatory crisis and legal challenge

3 clusters · 8 sources · last updated

Latest: Universal Insurance sues NAICOM over licence revocation

Universal Insurance Plc entered into a binding agreement with FPNG Co-Nvest Limited for a ₦7.128 billion equity injection via private placement. This transaction was intended to grant FPNG a 50.1% majority stake and enab

[QUIET] [CRIME] [NG]

Financial fraud and reporting in Nigerian banking

2 clusters · 17 sources · last updated

Latest: Nigeria NFIU report reveals surge in tax crimes and fraud

In August 2026, legal actions were taken in Nigeria to address significant financial crimes. A Federal High Court ordered the freezing of numerous bank and fintech accounts following massive fraudulent transactions invol

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