Nigeria Gives Insurers a Year to Boost Capital Fivefold August 14, 2025 By Emele Onu Nigeria increased capital requirements for insurance businesses fivefold and gave operators a year to comply or risk losing their licenses....
Nigeria Insurance Stocks Gain Most in Almost 20 Years on New Law August 11, 2025 By Anthony Osae-Brown and Emele Onu Nigerian insurance stocks had their biggest weekly gain in almost two decades after a new law was passed requiring companies...
Nigerian Insurers Expect Record Claims from Police Brutality Protests November 3, 2020 By Emele Onu Nigerian insurers are facing their biggest claims on record after protests against police brutality turned violent, leading to large-scale looting...
Nigeria’s Regulator Gives Insurers Additional Year to Recapitalize on COVID-19 Impact June 4, 2020 By Emele Onu Nigeria’s National Insurance Commission gave underwriters an additional year to recapitalize as companies deal with the effects of the coronavirus...
Nigeria Raises Insurers’ Minimum Capital Requirement May 21, 2019 By Emele Onu Nigeria increased the minimum capital requirement for insurers more than threefold as the industry regulator seeks to to improve the...
Nigerian Regulator Triples Insurers’ Minimum Capital Requirement July 27, 2018 By Emele Onu Nigeria increased the minimum capital requirement for insurers by threefold, in a bid to expand their capacity to handle risk...
Nigeria Insurers Receptive to M&A as Economy Contracts February 28, 2017 By Emele Onu Nigeria’s insurance industry is poised to enter a period of consolidation as companies struggle to raise cash to meet new...
Emerging Capital May Sell Stake in Nigeria’s Continental Re July 17, 2014 By Emele Onu Emerging Capital Partners, a private-equity firm that has raised more than $2 billion for investments in Africa, is considering selling...