Nigeria: NAICOM Okays 26 Insurance Firms' Recapitalisation Plans

26 September 2019

The National Insurance Commission (NAICOM) has approved the recapitalisation work plans of 26 insurance companies trying to raise more funds in their bids to meet its June 2020 deadline for players in the sector to shore up their capital.

Announcing the result of its review of the work plans, the commission said out of a total of 57 insurance firms and two reinsurance firms in the country, 47 insurance firms and two reinsurance firms submitted their plans.

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