Leave a Comment and share Chuks Udo Okonta In spite efforts by some individuals to thwart the recapitalisation of the insurance sector, operators will still need to raise their capital to N8 billion; N10 and N18 billion immediately the consolidated bill transforms to an Act. Data obtained from the bill […]
Tag: N20bn
NAICOM raises insurance, reinsurance paid-up share capital to N18bn, N20bn
Commissioner for Insurance, Mohammed Kari Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) today released the minimum paid-up share capital policy for insurance and reinsurance companies in Nigeria, which mandates Life Insurance companies to jack-up their capital from N2 billion to N8 billion; general business […]
