Insurance Firms’ Assets Hit N2.09trn Amidst Recapitalisation Suspension
The insurance sector’s total assets have risen by N228.24bn in 15 months despite the abrupt suspension of the National Insurance Commission’s segmented recapitalisation exercise.
The second and final phases of the Nigerian insurance industry’s recapitalisation exercise which should...
Microfinance Banks’ Total Assets Rise To N1.01trn
The total assets of the microfinance banks rose by N251.02bn from N758.98bn as of the end of July 2020 to N1.01tn as of the end of December 2020 as the firms moved to achieve their recapitalisation requirements.
This was...
Insurance Industry Assets Now N2.02trn
Insurance companies’ gross written premium rose to N520bn as of the end of 2020, while their assets hit N2.02tn as the sector undergoes recapitalisation.
The Nigerian insurance industry’s asset rose by N401bn to N2.02tn as of the end of 2020 from...
MFBs Join Reps’ Call To CBN To Halt Recapitalisation
The National Association of Microfinance Banks (NAMB) has joined the House of Representatives’ recent call on the Central Bank of Nigeria (CBN) to suspend the April 2021 deadline for the recapitalisation of microfinance banks (MFBs).
It came...
Reps Urge CBN To Suspend Recapitalisation Of Microfinance Banks
The House of Representatives has urged the Central Bank of Nigeria (CBN) to suspend the planned recapitalisation for microfinance banks until the economy stabilises and considered safe.
The House mandated the Committee on Banking and Currency to...
Insurance Sector’s Assets Hit N1.82trn On Recapitalisation Deadline
The Insurance sector’s assets rose by N410bn in one year as the industry attracted new investors.
Despite the impact of COVID-19 pandemic on the economy, the insurance industry attracted some investments that boosted its assets, investigation has shown.
Many...
