NAICOM Revokes Nigeria Reinsurance’s Licence, Freezes Operations Over Capital Shortfall

Wale Igbintade The National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation for failing to meet the statutory Minimum Capital Requirement (MCR) and appointed Senior Advocate

The Briefing Africa

August 6, 2026 · 09:12 · 5 min read

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4 perspectives

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NAICOM Revokes Nigeria Reinsurance’s Licence, Freezes Operations Over Capital Shortfall