National Insurance Commission (NAICOM) Archives

Protest: CNYL plans solidarity march for Tinubu, August 1

President Bola Tinubu has approved the appointment of some Nigerian professionals to the Boards of the Securities and Exchange Commission ...

NAICOM NEMSA sign MoU to enhance electrical safety New consolidated insurance bill excites NAICOM restated commitment to fostering Islamic finance offers unique perspective rooted in NAICOM advocates adoption of risk-based supervision NAICOM restates role of insurance in aviation NAICOM begins registration process of NPF NAICOM NPF partner to enforce compulsory insurance

Nigeria’s insurance industry assets hit N2.67trn in Q4 2023

by Joseph Inokotong

March 26, 2024

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The Nigeria Insurance industry has grown its total assets to about N2.67 trillion in the fourth Quarter (Q4) of 2023. ...

Finance Minister holds, Mrs Zainab Shamsuna Ahmed, 2023 budget defence: FG tackling nation's growing inflation trend squarely ― Minister, FG not planning to restructure debt, NAICOM to deepen insurance penetration , Amid outrage, FG justifies N1.4bn vehicle purchase to Niger Republic, FG to train 12,000 civil servants on financial literacy, FG to convene food, FG to convene food meeting, FG uncovered N5.2trn debts, improve revenue generation, Resources put in critical sectors of economy not yielding desired progress ― Finance Minister, Federal Ministry of Finance, Women represent 50 of my team, contempt suit against finance minister, FG explains N6.39trn deficit, Subsidy probe: Reps summon

FG directs NAICOM to deepen insurance penetration with new products

by Joseph Inokotong

August 15, 2022

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The Federal Government has directed the National Insurance Commission (NAICOM) to evolve strategies that would deepen insurance penetration in the ...

Strengthens ties with World Bank to drive growth NAICOM Insurers spotlight on 2024 progress Insurers identify impediments to IFRS

COVID-19: NAICOM announces palliative measures

by David Olagunju

March 25, 2020

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As part of measures to cushion effects of COVID-19 disruption to the economy, the National Insurance Commission (NAICOM) has extended ...

nirsal, NIRSAL facilitates N146.22bn credit

NIRSAL creates 400,000 jobs through N102bn credits

by Temitope Adegbuyi

February 20, 2020

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Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, (NIRSAL) says it has facilitated over N102 billion as loans from commercial ...

2030 agenda for SDGs, bill seeking Customs autonomy, We’ll borrow more to finance, FG releases N29.1bn, No new projects in 2021, TIN, Zainab Ahmed, Minister, insurance, debt

African low insurance penetration, worrisome ― Minister

by Paul Omorogbe

December 9, 2019

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The Minister of Finance, Hajia Zainab Ahmed has lamented the very low penetration and insurance density in African countries, which ...

NAICOM approves 26 insurance firms’ recapitalisation plan

by S-Davies Wande

September 25, 2019

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The National Insurance Commission (NAICOM) has given its approval for 26 insurance companies to proceed with their recapitalisation plan. This ...

NAICOM releases guidelines on State Insurance Producer

by S-Davies Wande

November 21, 2018

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THE National Insurance Commission (NAICOM) has released guidelines for the operations, business conduct and obligations of State Insurance Producer (SIP), ...