National Insurance Commission is the apex regulatory body for the Insurance Industry in Nigeria backed by an enabling Decree 1&2 of 1997 and further the insurance Act 2003.  The supervisory and regulatory environment of Nigerian Insurance Industry is closely monitored and streamlined by the Commission in order to set a healthy standard in the insurance industry.

Uganda: National Insurance Owners to Raise Sh7 Billion - AllAfrica.com

Uganda: National Insurance Owners to Raise Sh7 Billion AllAfrica.com The Uganda Insurance Commission, the industry regulator, is proposing that paid up capital be raised from sh1b to sh5b for life and sh10b from sh5b for life and non-life firms. The rights issue will fund the recapitalisation. ... and more »

Nearly 2000 In-house Counsel From Around the World Set to Convene in Denver ... - MarketWatch (press release)

Nearly 2000 In-house Counsel From Around the World Set to Convene in Denver ... MarketWatch (press release) This year's meeting, which will be held at the Colorado Convention Center (October 23-26), brings together legal industry professionals from 24 countries, including Argentina, Brazil, Canada, China, France, Germany, Japan, Nigeria and the UK, ... and more »

Financial Inclusion: CBN Set to Review Bank Charges - THISDAY Live

Financial Inclusion: CBN Set to Review Bank Charges THISDAY Live In line with its desire of achieving financial inclusion in the country, the Central Bank of Nigeria (CBN) said it is currently reviewing the various bank charges in the country. In fact, the apex bank said it's 'Guide to Bank Charges,' ... and more »

CBN identifies odds against Islamic banking - Nigerian Tribune

AfricaNews

CBN identifies odds against Islamic banking Nigerian Tribune In addition, the CBN boss said it had organised and sponsored several training programmes and other initiatives aimed at enhancing capacity towards effective regulation and supervision of Islamic banking in Nigeria. Reiterating the CBN's commitment to ... Challenges of non-interest banking, by CBNThe Nation Newspaper all 14 news articles »

Nigeria: Insurers Blame Malpractices in Industry On NAICOM - AllAfrica.com

Nigeria: Insurers Blame Malpractices in Industry On NAICOM AllAfrica.com "The regulator allowed some operators to perpetrate various malpractices for this long to the detriment of the whole insurance market. It has acted as a toothless bulldog up till now so what is the assurance that it will now rise up to its supervisory ... and more »

How mergers and acquisitions will redefine banking sector - The Nation Newspaper

Leadership Newspapers

How mergers and acquisitions will redefine banking sector The Nation Newspaper Many of these had reverberated in the Nigerian market including the business combination between Kraft Foods Inc and Cadbury UK, which turned Cadbury Nigeria into a subsidiary of Kraft Foods and the acquisition of BOC Group Plc by The Linde Group AG, ... Photo: Sun News PublishingDaily Sun all 46 news articles »

'Insurance industry won't succeed in atmosphere of disorder' - BusinessDay

BusinessDay

'Insurance industry won't succeed in atmosphere of disorder' BusinessDay Suffice to say that these unethical practices by insurers do not follow any traditional insurance market principle, they are uniquely Nigerian. It will be major tragedy if any of these insurers default in claims payment due to their self-inflicted weak ... Why insurance industry should brace up to challenges of climate changeVanguard all 6 news articles »

Recapitalisation: CIBN tasks regulators on due process - Vanguard

Recapitalisation: CIBN tasks regulators on due process Vanguard The Chartered Institute of Bankers of Nigeria, CIBN, has called on the regulators in the financial industry to ensure that due process is followed in the ongoing recapitalization, merger and acquisition deals in the banking sector. ... and more »

21 investors eye 5 rescued banks •AMCON to recapitalise with N1.2trn - Nigerian Tribune

21 investors eye 5 rescued banks •AMCON to recapitalise with N1.2trn Nigerian Tribune ... stressing that in the event of any failure, in concert with the industry regulators, that is, the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC), would consider the options at their disposal. ... and more »

NAICOM to publish names of corrupt firms - The Nation Newspaper

NAICOM to publish names of corrupt firms The Nation Newspaper The decision of the commission to adopt the "name and shame" approach is coming on a day the Nigerian insurance industry was ranked one of the least developed in Africa and the world by Afrinvest. Commission for Insurance, Mr Fola Daniel, ... NAICOM Threatens to Sanction Self Regulatory AuthoritiesTHISDAY Live Unethical practice: NAICOM threatens to publish name of errant firmsWorldStage all 3 news articles »