Nigeria delays insurance recapitalisation plans

The Covid-19 pandemic has forced the Nigerian insurance regulator, Naicom, to delay plans to raise minimum capital requirements for all insurance entities. Naicom said the pandemic “has made it difficult to proceed with the 31 December 2020 recapitalisation deadline”, adding: “A review of the recapitalisation deadline therefore became imperative to mitigate likely negative consequences of the pandemic on the exercise.”…

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