Lagos, Nigeria – Thursday, September 11, 2025 AIICO Insurance Plc has projected a profit after tax of ₦19.5 billion for the full year ending December 2025, according to a filing submitted to the Nigerian Exchange (NGX) and signed by the company’s Managing Director and Chief Financial Officer. The forecast includes a profit before tax of
September 4, 2025 The National Health Insurance Authority (NHIA) has launched a self-service enrollment portal to make it easier for Nigerians to register and access health insurance coverage online. The new platform, unveiled in Abuja, is designed to simplify enrollment processes, reduce bureaucratic bottlenecks, and expand access to affordable healthcare across the country. According to
Osun State Governor, Senator Ademola Adeleke, has approved the enrollment of inmates in correctional facilities across the state into the Osun Health Insurance Scheme (OHIS), granting them access to free and comprehensive medical care. The governor, in a statement on Tuesday, said the initiative is part of his administration’s commitment to inclusive governance and respect
Nigeria’s insurance industry is witnessing an unprecedented boom in stock performance following the enactment of a new law designed to strengthen regulation, improve governance, and boost investor confidence. The legislation, recently signed by the Federal Government, has triggered a rally on the Nigerian Exchange, with several insurance equities recording double-digit growth within weeks. The new
Abuja, Nigeria | August 8, 2025 President Bola Ahmed Tinubu has signed into law the Nigerian Insurance Industry Reform Act (NIIRA) 2025, a landmark legislation aimed at modernizing and regulating Nigeria’s insurance sector, particularly in the digital space. Under the new Act, specifically Section 201, individuals and entities offering insurance services through online platforms
Abuja, Nigeria | August 8, 2025 President Bola Ahmed Tinubu has signed into law the Nigerian Insurance Industry Reform Act 2025, marking a historic step toward overhauling and modernising the country’s insurance sector. The new legislation, signed at the Presidential Villa in Abuja, is designed to strengthen regulatory oversight, promote investor confidence, and boost public
Abuja | July 30, 2025 The Federal Capital Territory Administration (FCTA) has settled an outstanding health insurance liability of ₦4 billion, signaling a renewed commitment to revamping healthcare delivery in the capital city. The announcement was made during a strategic stakeholders’ meeting organized by the FCT Health Insurance Scheme (FHIS) in Abuja. FCT Minister, Nyesom
In a strongly worded press conference in Lagos, the Nigerian Insurers Association (NIA) has dismissed allegations by the House of Representatives’ Ad-hoc Committee that insurance firms defrauded the federal government of N200 billion. According to NIA Chairman Eddie Efekoha, there is “no N200 billion fraud anywhere,” cautioning that the committee has not been fully briefed on how insurance
Nigeria’s insurance sector is currently witnessing an unprecedented surge in the performance of its publicly listed companies, marking the best run in several years. This positive trend is driven by several key factors, including increased investor confidence, improved regulatory frameworks, and a growing demand for insurance products amid economic recovery. Market analysts attribute the upswing
