NAICOM, NIA Clash Over Recapitalisation Of Insurance Firms
The National Insurance Commission, NAICOM, and the Nigerian Insurance Association, NIA, have disagreed over the appropriate recapitalisation model for insurance firms.
While NAICOM has stipulated the general capital requirements for the different categories of the insurance business and...
CBN Extends Deadline For Microfinance Banks Recapitalisation
The Central Bank of Nigeria in consideration of the impact of the COVID-19 pandemic on economic activities has revised the deadline for compliance with the minimum capital requirements for microfinance banks in Nigeria.
The banking regulator communicated this in...
TCN Vows To Push For Discos’ Recapitalisation
Power distribution companies must be recapitalised for Nigeria’s power industry to work and the Transmission Company of Nigeria has vowed to push for the Discos’ recapitalisation this year.
Speaking on some of the company’s targets for 2020 in the...
NAICOM Extends Insurers’ Recapitalisation Deadline To December 2020
The National Insurance Commission has extended the recapitalisation deadline for insurance companies earlier slated for June 30, 2020 to December 31, 2020.
The commission disclosed this on Monday in a circular which was signed by the Director (Policy...
Buhari Canvasses $1bn Recapitalisation Of African Energy Corporation
Nigeria’s President, Muhammadu Buhari, on Thursday charged the Council of Ministers of African Petroleum Producers’ Organisation to support the recapitalisation of the African Energy Investment Corporation to $1bn.
Buhari, who spoke at the extraordinary session of the council...
Insurers To Raise N50bn New Capital For Recapitalisation
Out of the 58 insurance companies in the nation’s economy, seven have reached to their investors to mobilise a cumulative sum of N50 billion new capital to meet June 2020 recapitalisation deadline.While others are still fine-tuning strategies...
