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NAICOM

NAICOM approves Ademola Abidogun as Guinea Insurance MD

National Insurance Commission (NAICOM) has approved the appointment of Ademola A. Abidogun as the substantive Managing Director/Chief Executive Officer of Guinea Insurance PLC. The approval came in a letter dated 8th November 2019, captioned “Final Approval to Appoint Mr. Ademola A. Abidogun as the Substantive Managing Director/CEO of Guinea Insurance PLC.

Insurance: NAICOM orders proceeds of recapitalization to be deposited with CBN

Determined to correct some anomalies of the previous insurance industry recapitalization exercise and to protect shareholders’ fund, the National Insurance Commission (NAICOM) said that recapitalization proceeds from insurance companies should be with the Central Bank of Nigeria (CBN) escrow account.

Recapitalisation: NAICOM requests plan from insurers

National Insurance Commission (NAICOM) has taken a step further in its recapitalization policy issuing another circular to insurance and reinsurance companies calling on them to submit their recapitalization plans on or before August 20, 2019.

Recapitalisation: NAICOM requests plan from insurers

As insurance companies in Nigeria struggle to improve in their market penetration, chief executive officer of the National Insurance Commission (NAICOM) Alhaji Mohammed Kari has attributed the staunted growth of insurance industry to what he described as a fragmented financial sector.

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