BY NKECHI NAECHE-ESEZOBOR—Universal Insurance Plc has entered into an investment agreement with FPNG Co-Nvest Limited (FPNG) for an equity capital injection of ₦7.128 billion via a private placement. This is contained in notice to Nigerian Stock Exchange limited and to investing public that the deal will see FPNG acquire a 50.1% majority stake in the […] The post NAICOM Recapitalisation: Universal Insurance Secures ₦7.13B Equity Deal with FPNG, Awaits NAICOM Approval appeared first on Business Today NG.

The Nigerian Safety Investigation Bureau (NSIB) have confirmed that the pilot of a private jet erased critical flight logs following read more Flight data tampered after road landing at Asaba, as NSIB battles budget cuts

Nigerian startups and small businesses have a fresh opportunity to secure up to $65,000 through the Economic Community of West African read more ECOWAS opens $65,000 startup award for small businesses

BY NKECHI NAECHE-ESEZOBOR—Emerging from National Insurance Commission, (NAICOM), sector-wide recapitalisation drive with a capital base exceeding ₦15 billion, Guinea Insurance Plc on Friday said its positioning itself for a major market transformation. With NAICOM verification now completed, the non-life insurer plans to deploy its strengthened capital position toward underwriting larger corporate risks, expanding digital infrastructure, […] The post Guinea Insurance Positions for Next Growth Phase Following NAICOM Recapitalisation Approval appeared first on Business Today NG.

BY NKECHI NAECHE-ESEZOBOR—Policarp Didam, former Managing Director of Royal Exchange Prudential Life Plc, has applauded the leadership of the National Insurance Commission,(NAICOM), led by Mr. Olusegun Ayo Omosehin, for a successfully conclusion of the insurance industry recapitalisation exercise. In an exclusive chat with BusinessTodayNG, Didam , noted that the recapitalisation was the best thing that […] The post NAICOM Recapitalisation: Policarp Didam Commends NAICOM, Warns Ministry of Finance Against Interference appeared first on Business Today NG.

 BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc, has successfully met the new recapitalisation requirement for non-life insurance companies prescribed by the National Insurance Commission (NAICOM),under the Nigeria Insurance Industry Reform Act, (NIIRA) 2025. This feat has reinforced the Company’s financial strength and commitment to long-term growth. The achievement marks another significant milestone in the Company’s journey […] The post Sovereign Trust Insurance Meets NAICOM’s New Recapitalisation Threshold, Reaffirms Market Confidence appeared first on Business Today NG.