Recapitalisation: Consolidated Hallmark Demand N3.9bn Capital Rise
Consolidated Hallmark Insurance has revealed plans to raise its capital base from N6.1bn to N10bn in line with the National Insurance Commission directive on recapitalisation.
NAICOM recently increased the minimum paid-up share capital of all classes of insurers, insurance...
Recapitalisation: Foreign Investors Take Over Insurance Firms
Many indigenous underwriting firms have been taken over by foreign investors since the last recapitalisation that took place in the insurance sector, investigation has shown.
The National Insurance Commission confirmed that a number of local players in the insurance...
NAICOM Bars Regulated Firms From Borrowing To Recapitalise
The National Insurance Company has barred regulated entities from borrowing money to meet their recapitalisation requirements.
The Director, (Policy & Regulation), NAICOM, Agboola Pius, said this while speaking on the topic, ‘Recapitalisation roadmap: Implementation, expectation and benefits’, during...
NAICOM Orders Operators To Submit Recapitalisation Plan
The National Insurance Commission (NAICOM) has said sequel to its directive to insurance and reinsurance firms to raise their capital base, operating firms have August 20th, 2019, to submit their recapitalisation plans.
Also, firms that have decided to adopt...
Recapitalisation: TCN To Waive N270bn Discos’ Debt
Nigeria’s power distribution companies currently owed the Transmission Company of Nigeria N270bn and TCN is willing to forgo this debt in order to have the Discos recapitalised and salvage the sector from collapse.
The total indebtedness of the 11...
Power Distributors Issue Condition For Recapitalisation
The Association of Nigerian Electricity Distributors has said the recapitalisation of Discos, being canvassed by the Transmission Company of Nigeria, will happen when investors in the Discos see a pathway of recovering their investments.
In his address at the just-concluded...
