Insurance Industry Capitalisation Rises To N18bn

📆 5/21/2019 2:40 AM
📰 LeadershipNGA

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Twelve years after the last recapitalisation exercise in Nigeria’s insurance industry, insurance companies with composite license will now need to upgrade their capital base from N5billion to N18 billion to continue to underwrite life and non-life insurance businesses in the country, LEADERSHIP learnt. The new capitalisation, which translates to about 350 percentage increase from the […]

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