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”.

International

Nigeria approves recapitalization plans for 44 insurers

November 12, 2019 Reprints

The National Insurance Commission of Nigeria has approved the recapitalization plans of 44 insurers, Middle East Insurance Review reported. On May 20, the commission raised the minimum paid-up share capital requirement for general insurers to 10 billion Nigerian naira ($27.6 million) from NGN 3 billion; reinsurers to NGN 20 billion from NGN 10 billion; and composite insurers to NGN 18 billion from NGN 5 billion.

Help

Nigeria approves recapitalization plans for 44 insurers

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources