Investogist
No Result
View All Result
Friday, October 3, 2025
  • News
    • All
    • Africa
    • Nigeria
    • World
    JUST IN: All women banned from universities in Afghanistan

    FULL LIST: Flagyl, Artemether-Lumefantrine among over 100 drugs banned by NAFDAC

    FULL TEXT: Tinubu’s address to Nigerians on #EndBadGovernance protest

    Full text of President Bola Tinubu’s 65th Independence Day speech

    Buhari finally inaugurates Dangote refinery, facts about the refinery

    JUST IN: Dangote Refinery resumes petrol sales in naira after FG’s intervention

    U.S. Reinstates Five-Year Visas for Ghanaians Following Deportation Deal

    U.S. Reinstates Five-Year Visas for Ghanaians Following Deportation Deal

    Dangote refinery to export first fuel cargoes

    PENGASSAN directs members to stop gas, crude supply to Dangote Refinery

    NNPC says no plan to increase petrol price in March

    IPMAN announces petrol price hike as Dangote Refinery suspends petrol sale in Naira

    NASCON Allied Industries Plc. Announces Closed Period for Q3 2025

    NASCON Allied Industries Plc. Announces Closed Period for Q3 2025

    Ebuka Obi Commissions Southeast First Free Psychiatric Hospital in Anambra

    Ebuka Obi Commissions Southeast First Free Psychiatric Hospital in Anambra

    UBA declares N0.25k interim dividend for H1 2025

    UBA declares N0.25k interim dividend for H1 2025

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Ellah Lakes Plc announces EGM to approve N250 billion capital raise, debt to equity conversion

    Ellah Lakes to acquire ARPN Nigeria Limited in Landmark Agro-Industrial deal

    Wema Bank Plc surpasses recapitalisation target

    Wema Bank Plc lists additional 14.14 billion ordinary shares

    Existing Unity Bank Shareholder Acquires AMCON’s 34% Stake

    Unity Bank Shareholders Approve Merger with Providus Bank

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    Lafarge Africa Plc Schedules Board Meeting for Q3 2025, Begins Closed Period October 1

    Lafarge Africa Plc Schedules Board Meeting for Q3 2025, Begins Closed Period October 1

    Marketers are not buying our petrol, we have 500 million liters in our tank – Dangote

    FG Summons PENGASSAN, Dangote Refinery for Emergency Talks to Avert Nationwide Strike

    Ecobank reports N35.883 billion Profit for 2020 Financial Year, 63.92% lower than 2019 figures

    Ecobank completes sale of its stake in Ecobank Mozambique to FDH Bank Plc

    Existing Unity Bank Shareholder Acquires AMCON’s 34% Stake

    Existing Unity Bank Shareholder Acquires AMCON’s 34% Stake

    Toyota Recalls 1,500 Supra Vehicles Over Fire Hazard Concerns

    Toyota Recalls 1,500 Supra Vehicles Over Fire Hazard Concerns

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    FY 2020: FCMB Group Plc gross earnings, profit, assets see double-digit growth rates

    FCMB Group Lists 3.16bn Ordinary Shares on NGX Following Loan-to-Equity Conversion

    Bitcoin might be getting ready for $75,000

    MicroStrategy Buys 850 Bitcoin for $99.7 Million

    Falana sues Meta, demands $5m over invasion of privacy

    Meta Unveils Next-Gen Smart Glasses with Built-In AI and AR

    Dangote Refinery Marks Historic First Petrol Export to U.S., Boosting Nigeria’s Energy Profile

    Dangote Refinery Marks Historic First Petrol Export to U.S., Boosting Nigeria’s Energy Profile

    Elon Musk’s Tesla Share Price dropped nearly 16% in a “very intense 7 days”

    Elon Musk buys US$1 Billion worth of Tesla Inc. shares

    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

    STANBIC IBTC ETF 30 announces ₦3.144 interim Dividend

    CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year

    SIAML Pension ETF 40 announces ₦12.44 interim Dividend

    Cutix Plc founder sells additional 1.8 million shares of the company

    VFD Group Plc Employees and others sell millions of VFD Group shares

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    JUST IN: All women banned from universities in Afghanistan

    FULL LIST: Flagyl, Artemether-Lumefantrine among over 100 drugs banned by NAFDAC

    FULL TEXT: Tinubu’s address to Nigerians on #EndBadGovernance protest

    Full text of President Bola Tinubu’s 65th Independence Day speech

    Buhari finally inaugurates Dangote refinery, facts about the refinery

    JUST IN: Dangote Refinery resumes petrol sales in naira after FG’s intervention

    U.S. Reinstates Five-Year Visas for Ghanaians Following Deportation Deal

    U.S. Reinstates Five-Year Visas for Ghanaians Following Deportation Deal

    Dangote refinery to export first fuel cargoes

    PENGASSAN directs members to stop gas, crude supply to Dangote Refinery

    NNPC says no plan to increase petrol price in March

    IPMAN announces petrol price hike as Dangote Refinery suspends petrol sale in Naira

    NASCON Allied Industries Plc. Announces Closed Period for Q3 2025

    NASCON Allied Industries Plc. Announces Closed Period for Q3 2025

    Ebuka Obi Commissions Southeast First Free Psychiatric Hospital in Anambra

    Ebuka Obi Commissions Southeast First Free Psychiatric Hospital in Anambra

    UBA declares N0.25k interim dividend for H1 2025

    UBA declares N0.25k interim dividend for H1 2025

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Ellah Lakes Plc announces EGM to approve N250 billion capital raise, debt to equity conversion

    Ellah Lakes to acquire ARPN Nigeria Limited in Landmark Agro-Industrial deal

    Wema Bank Plc surpasses recapitalisation target

    Wema Bank Plc lists additional 14.14 billion ordinary shares

    Existing Unity Bank Shareholder Acquires AMCON’s 34% Stake

    Unity Bank Shareholders Approve Merger with Providus Bank

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    Lafarge Africa Plc Schedules Board Meeting for Q3 2025, Begins Closed Period October 1

    Lafarge Africa Plc Schedules Board Meeting for Q3 2025, Begins Closed Period October 1

    Marketers are not buying our petrol, we have 500 million liters in our tank – Dangote

    FG Summons PENGASSAN, Dangote Refinery for Emergency Talks to Avert Nationwide Strike

    Ecobank reports N35.883 billion Profit for 2020 Financial Year, 63.92% lower than 2019 figures

    Ecobank completes sale of its stake in Ecobank Mozambique to FDH Bank Plc

    Existing Unity Bank Shareholder Acquires AMCON’s 34% Stake

    Existing Unity Bank Shareholder Acquires AMCON’s 34% Stake

    Toyota Recalls 1,500 Supra Vehicles Over Fire Hazard Concerns

    Toyota Recalls 1,500 Supra Vehicles Over Fire Hazard Concerns

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    FY 2020: FCMB Group Plc gross earnings, profit, assets see double-digit growth rates

    FCMB Group Lists 3.16bn Ordinary Shares on NGX Following Loan-to-Equity Conversion

    Bitcoin might be getting ready for $75,000

    MicroStrategy Buys 850 Bitcoin for $99.7 Million

    Falana sues Meta, demands $5m over invasion of privacy

    Meta Unveils Next-Gen Smart Glasses with Built-In AI and AR

    Dangote Refinery Marks Historic First Petrol Export to U.S., Boosting Nigeria’s Energy Profile

    Dangote Refinery Marks Historic First Petrol Export to U.S., Boosting Nigeria’s Energy Profile

    Elon Musk’s Tesla Share Price dropped nearly 16% in a “very intense 7 days”

    Elon Musk buys US$1 Billion worth of Tesla Inc. shares

    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

    STANBIC IBTC ETF 30 announces ₦3.144 interim Dividend

    CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year

    SIAML Pension ETF 40 announces ₦12.44 interim Dividend

    Cutix Plc founder sells additional 1.8 million shares of the company

    VFD Group Plc Employees and others sell millions of VFD Group shares

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Business

Insurance recapitalisation plans to be submitted by Sept. 30, 2025 – NAICOM

Thursday, 11 September 2025, 9:25 pm
in Business, Industry
0
Insurance recapitalisation plans to be submitted by Sept. 30, 2025 – NAICOM
Share Share Share Share Send as Email

The National Insurance Commission (NAICOM) has directed all Insurance companies to submit their recapitalisation plans to the commission on or before September 30, 2025.

Also read; UBA extends closure of Rights Issue

Insurers are to include in their submission, a board resolution on compliance, capital status as at the 2024 audited financial statements and June 2025 second-quarter returns, a statement on statutory deposits with the Central Bank of Nigeria (CBN), and a detailed action plan on sources and timelines for fresh capital injection.

“Insurers intending to seek funds from the Capital Markets are required to submit their plan of action on a file-and-use basis,” NAICOM said.

“Insurer that intends to merge or acquire another shall submit their proposal, after which they must comply with the relevant provisions of these Guidelines and extant insurance laws.

“Portfolio Transfer and Run-Off Plan where a composite company that chose to discontinue a particular category of insurance business.”

NAICOM also mandated firms to file monthly recapitalisation progress reports not later than 10 working days after each month-end.

“The progress report shall include the MCR status of the insurer computed in line with the Template for MCR, achieved milestones, and efforts made to meet the recapitalisation plan,” the circular said.

“Where an insurer has met the required MCR, it shall continue to submit the recomputed MCR status at the end of each month until the issuance of a licence, or such other time as the Commission may determine.

“All assets’ disposals, including the sales proceeds and their applications during and after the recapitalisation exercise, shall be clearly disclosed and reported in the monthly and quarterly reports.”

According to the guidelines, capital verification exercises will begin on November 1 and conclude no later than June 30, 2026.

Insurers are expected to provide evidence of ownership, title, and valuation of admissible assets, supported by actuarial reports.

Also, insurers are to submit evidence of statutory deposit with CBN on or before May 30, 2026.

The commission said the final compliance deadline is on July 30, 2026.

On Monday, NAICOM release new guidelines on the Minimum Capital Requirement for insurance and reinsurance companies in Nigeria. NAICOM’s directive comes on the heels of the Nigerian Insurance Industry Reform Act 2025 and is aimed at facilitating the smooth and effective enforcement of the newly established capital thresholds for operators across the sector.

President Bola Ahmed Tinubu assented to the Nigerian Insurance Industry Reform Bill, 2025 in August. The landmark legislation which is expected to strengthen Nigerian’s financial sector and accelerate the nation’s march toward a US$1 trillion economy.

The new insurance Act stipulates that the minimum capital base for non-life insurers has been raised to N15 billion, while the capital requirement for life insurance firms is now at least N10 billion.

Reinsurance companies got the steepest increase, with their capital threshold now pegged at N35 billion.

In the circular, the commission’s Director of Supervision Directorate, Oluwatoyin Charles, said the framework is designed to strengthen the industry, enhance financial soundness, and ensure seamless implementation of the new capital thresholds.

NAICOM stressed that compliance with the NIIRA 2025 is mandatory and warned it would strictly enforce provisions of the law against any insurer or reinsurer in default.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

Related Posts:

  • NAICOM FSS
    Insurance of public buildings: The Insurance Act,…
  • Insurance Policy
    LCCI, NAICOM Propagate Deeper Insurance Penetration
  • Cancel
    NAICOM cancels Operational License of UNIC Insurance Limited
  • NAICOM
    NAICOM warns more insurance companies may be…
Tags: Featured
Previous Post

Larry Ellison tops Elon Musk as world’s richest person

Next Post

Dangote Refinery sets date for Free Fuel Distribution, Slashes Petrol Price to N841/Litre

Next Post
Dangote refinery set to import Crude oil from Brazil

Dangote Refinery sets date for Free Fuel Distribution, Slashes Petrol Price to N841/Litre

  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

Ellah Lakes Plc announces EGM to approve N250 billion capital raise, debt to equity conversion

Ellah Lakes to acquire ARPN Nigeria Limited in Landmark Agro-Industrial deal

Wema Bank Plc surpasses recapitalisation target

Wema Bank Plc lists additional 14.14 billion ordinary shares

List of Dividends announced in 2024, qualification and payment dates

List of Dividends announced in 2024, qualification and payment dates

Ellah Lakes Plc announces EGM to approve N250 billion capital raise, debt to equity conversion

Ellah Lakes to acquire ARPN Nigeria Limited in Landmark Agro-Industrial deal

Wema Bank Plc surpasses recapitalisation target

Wema Bank Plc lists additional 14.14 billion ordinary shares

JUST IN: All women banned from universities in Afghanistan

FULL LIST: Flagyl, Artemether-Lumefantrine among over 100 drugs banned by NAFDAC

FULL TEXT: Tinubu’s address to Nigerians on #EndBadGovernance protest

Full text of President Bola Tinubu’s 65th Independence Day speech

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2025 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved