Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Nigeria: Insurers violating rules would be sanctioned, says regulator

Reprints

Nigeria's National Insurance Commission has warned practitioners in the insurance sector against breaching regulations and said insurers caught violating rules will be sanctioned, ThisDay Live reported.

Meanwhile, Remi Olowude, chairman of the Nigerian Insurers Association, has asked the government to do away with statutory deposits for insurers.

Mr. Olowude said insurers are the only operators in the financial services sector that are required to deposit 10% of their capital with the central bank.

Read more