Nigeria's insurance regulator has issued fresh licences to the 43 insurers and reinsurers that met sharply higher capital floors under the 2025 reform act. Eight more firms are still under review, and up to 15 could lose their licences; the first, Nigeria Reinsurance Corporation, is already in liquidation.
Africa
Africa & the Great Powers
Nigeria’s NAICOM Issues New Licences to 43 Recapitalised Insurers
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August 6, 2026
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9 min read
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