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Finance Ministry orders review of NAICOM’s N680 million recapitalisation fees on two insurers

The Federal Ministry of Finance has directed the National Insurance Commission (NAICOM) to provide a legal justification for imposing a combined N680 million in recapitalisation-re

Tobi TunjiAugust 10, 20261 min read
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The Federal Ministry of Finance has directed the National Insurance Commission (NAICOM) to provide a legal justification for imposing a combined N680 million in recapitalisation-related charges on NICON Insurance Limited and Nigeria Reinsurance Corporation, while ordering the suspension of enforcement of the disputed fees pending the resolution of a petition filed by the two firms. […]

The post Finance Ministry orders review of NAICOM’s N680 million recapitalisation fees on two insurers appeared first on Nairametrics.

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