NAICOM, Finance Ministry push NIIRA 2025 compliance

Barbara Bako, Abuja. The Federal Government has reaffirmed its commitment to deepening insurance reforms and positioning the sector as a major driver of Nigeria’s economic transformation through the implementation of…

NAICOM, FRSC team up to enforce motor Insurance

Barbara Bako, Abuja. The National Insurance Commission (NAICOM) and the Federal Road Safety Corps (FRSC) have inaugurated a Joint Committee to enforce compulsory third-party motor insurance across Nigeria. In a…

Coinsurance ban puts spotlight on Nigeria’s Takaful industry

By Barbara Bako, Abuja. A new regulatory guideline banning coinsurance arrangements between conventional insurance and Takaful companies represents a significant shift for the industry. This change will test the resilience…

NAICOM unveils recapitalisation plan for $1trn economy goal

Barbara Bako, Abuja. The National Insurance Commission (NAICOM) has set up an 11-member committee to implement the 2025 recapitalisation programme aimed at strengthening the sector and supporting Nigeria’s $1 trillion…

Tinubu ushers in new era with Insurance reform act

Barbara Bako, Abuja. President Bola Ahmed Tinubu has signed the Nigeria Insurance Industry Reform Act 2025 (NIIRA 2025) into law, marking a significant policy shift aimed at overhauling the country’s…

Insure or risk all— NAICOM boss warns

Barbara Bako, Abuja The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin, has urged Nigerians to embrace insurance as a national…

Historic ties: NAICOM receives Gambia’s CB delegation

Barbara Bako, Abuja The National Insurance Commission (NAICOM) on Monday, June 23, 2025, hosted senior representatives from the Central Bank of The Gambia, marking a pivotal engagement aimed at deepening…

NAICOM, OHCSF deepen civil service life Insurance awareness

Barbara Bako, Abuja. The National Insurance Commission (NAICOM), in collaboration with the Office of the Head of the Civil Service of the Federation (OHCSF), has conducted a capacity-building workshop in…

NAICOM leads Nigeria-Ghana talks on Insurance, Marine operators

Barbara Bako Abuja. The National Insurance Commission (NAICOM) championed an engagement between stakeholders in the Nigerian insurance and marine industries with the Ghana Cargo Technical Committee on a study tour…

NAICOM convenes talks on insurance for public buildings, ongoing projects

Barbara Bako, Abuja. The National Insurance Commission (NAICOM) on Wednesday in Abuja convened the 4th meeting of the Joint Committee on Insurance for Public Buildings and Buildings Under Construction. The…