NAICOM Rolls Out New Capital Requirements Under NIIRA 2025
Abuja, Nigeria | September 10, 2025 The National Insurance Commission (NAICOM) has announced the enforcement of new minimum capital requirements for insurance and reinsurance companies, following the enactment of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed into law in August by President Bola Tinubu.Under the revised framework, insurance operators have 12 months to