ASHON faults NAICOM’s Universal Insurance licence revocation, cites N7.1 billion deal
The Association of Securities Dealing Houses of Nigeria (ASHON) has called for an urgent review of the National Insurance Commission’s (NAICOM) revocation of Universal Insurance Plc’s operating licence, arguing that the action raises serious concerns for investors and the wider Nigerian capital market. The post ASHON faults NAICOM’s Universal Insurance licence revocation, cites N7.1 billion deal…
The National Insurance Commission (NAICOM) has introduced a five-year industry-wide initiative aimed at dramatically increasing insurance penetration in Nigeria from its current 0.5% of Gross Domestic Product (GDP) to 10% by 2031. The ambitious target is outlined in the Insurance Sector Strengthening Programme (ISSP), a collaborative effort launched by NAICOM in partnership with stakeholders in the insurance sector.
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