Recapitalisation: NAICOM, Operators’ Meeting End in Stalemate
A meeting between chief executives of insurance firms and the National Insurance Commission (NAICOM) over recent directive for a recapitalisation in the industry ended in deadlock as both parties could not arrive at any conclusion.
A source who was...
Insurance Sector Losses N15bn, Investors Panic Over Recapitalisation
The decision by the National Insurance Commission (NAICOM) to shift the recapitalisation deadline from January 1, 2019, to October 2018, is eroding the value of insurance stocks, a development capital market said can scare away more investors.
According...
