The Nigerian Council of Registered Insurance Brokers (NCRIB) has renewed its call for greater unity across the insurance industry, saying enhanced collaboration among market participants could unlock substantial economic value for Nigeria.
Nigerian insurer Guinea Insurance has secured shareholders' approval to significantly bolster its capital base, approving plans to raise up to NGN15bn ($10.9m) in fresh equity and increasing its minimum issued share capital to NGN19bn, as the company positions itself to meet regulatory requirements and pursue growth opportunities.
Nigeria has experienced a notable increase in the utilisation of primary healthcare (PHC) facilities between 2023 and 2025, according to the Coordinating Minister of Health and Social Welfare Muhammad Pate.
Sunu Assurances Nigeria has announced that its shareholders have approved a capital increase of NGN9bn ($6.2m) to meet new statutory capital requirements under a new insurance law.
Nigeria's insurance sector recorded real GDP growth of 20.78% in the third quarter of this year, up from 15.70% in the previous quarter and exceeding growth rates of below 10% seen over the last six quarters, according to the National Bureau of Statistics (NBS).
The Director General of the Nigeria Civil Aviation Authority (NCAA), Captain Chris Najomo, has urged aviation insurers to enhance compliance, resilience, and alignment with global best practices to safeguard Nigeria's skies.
The National Insurance Commission (NAICOM) has introduced a new directive enforcing stricter Know-Your-Customer (KYC) requirements for insurance contracts.
The National Insurance Commission (NAICOM) and the Federal Ministry of Interior have discussed the critical need for an inclusive insurance policy that covers risks faced by travellers, migrants, workers, and families.
The Africa Centres for Disease Control and Prevention (Africa CDC) has said that Nigeria should accelerate the rollout of a robust national health insurance system to reduce the country's high out-of-pocket healthcare spending.
The National Insurance Commission (NAICOM) and the Federal Road Safety Corps (FRSC) have inaugurated a Joint Committee on the Enforcement of Compulsory Third-Party Motor Insurance.