Insurance Act
Guidelines on Insurance Premium Collection and Remittance
Operational Guidelines for Takaful Operators 2013
Operational Guidelines Sections
Code of Corporate Governance for Insurance Industry in Nigeria
National Insurance Commission (Anti Money Laundering and Countering the Finance of Terrorism) Regulations, 2013.
Regulation on Annuity
Review of Requirement for Approval In Principle, Letter of Attestation and Certificate for Offshore Reinsurance Requests.
Circular on Commissions, Rebates and Returned Premiums
The National Insurance Commission, in the exercise of its statutory powers conferred on it by the enabling laws, hereby issues this Circular to provide guidance on Rebates, Commissions, Return and Refund premiums in order to effectively monitor same. Read more
Circular on Reinsurance Retrocession Arrangements in respect of Domesticated and Special Risks' Insurance
Circular on Harmonized returns
Circular on the Requirement for Aviation Insurance Placement and Returns
The National Insurance Commission, in its bid to continue to protect the policy holder/member of the public, issues a supplementary standard for Aviation insurance business in Nigeria. Read more
Insurance Act (Amendment) Bill, 2016
315 agencies fail to submit audited accounts - OAUGF
The report of the Senate Committee on Public Accounts on the status of compliance of parastatals on submission of audited accounts to the OAUGF obtained yesterday has revealed that no fewer than 315 Federal agencies including the Nigerian Ports Authority (NPA), Nigeria Deposit Insurance Corporation (NDIC) have failed…
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Lagos and Ogun states were the top Internally Generated Revenue earning states - National Bureau of Statistics
According to the National Bureau of Statistics's Internally Generated Revenue (IGR) report released by the NBS on Wednesday, Lagos State recorded the highest Internally Generated Revenue figure of N150.59 billion in first half 2016, followed by Ogun State with N28.15 billion.
Nasarawa State, however, generated the lowest revenue… Read more
FG bars MDAs from spending Internally Generated Revenues
To stop the high incidence of unremitted operating surpluses that stood at N450bn as of last year, the Federal Government has barred its Ministries, Departments and Agencies from spending Internally Generated Revenues that are not appropriated in their annual budgets.
Also, declaring deficits will no longer provide an… Read more
NAICOM seeks to punish Insurance Companies for Late Submission of Financial Account
The National Insurance Commission (NAICOM) is leaving no stone unturned in making sure that insurance companies are timely with the submission of the financial accounts or face some adverse consequences.
According to NAICOM, as at January 13, 2017, the accounts of 47 firms have been approved, while five… Read more
Pastors against FRCN are thieves – Tunde Bakare
The Lawyer cum Pastor, Tunde Bakere, who is the General Overseer of the Latter Rain Ministres has opined that the pastors against the Financial Reporting Council of Nigeria's (FRCN) Code of Corporate Governance are thieves.
He said, "I can testify that the law was explained to kingpins in… Read more
NSE indices records marginal growth of 0.03%
The market indices of the Nigerian Stock Exchange (NSE) on Monday appreciated by marginal growth of 0.03 per cent due to cautious trading. This is coming just as investors await the outcome of the 2017 maiden edition of the Monetary Policy Committee (MPC) meeting.
The News Agency of… Read more
Naicom forces defaulting insurance companies to pay over N5billion claims
Over N5 billion worth of claims were paid out in 2016 by defaulting insurance companies, following the resolution of 218 cases of complaints filed against them by policyholders at the apex insurance sector regulatory body, the National Insurance Commission (Naicom).
Naicom received a total of 413 complaints from…
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