₦airaland Forum

The National Insurance Commission (NAICOM) has set July 30, 2026, as the deadline for insurance and reinsurance companies to comply with the new minimum capital requirements. This is in line with the Nigerian Insurance Industry Reform Act (NIIRA) 2025, which was signed into law by President Bola Tinubu on July 31, 2025.

The new minimum capital requirements are:
- *N10 billion for life insurance companies*
- *N15 billion for non-life insurance companies*
- *N25 billion for composite insurance companies*
- *N35 billion for reinsurance companies*

NAICOM has emphasized that the deadline will not be extended, and companies that fail to comply will face regulatory actions, including liquidation or merger.

Here are the Total Shareholders Equity of the 20 Insurance stocks ahead of their recapitalisation deadline:

1. Lasaco - 21 Billion Naira
2. MBenefit - 69 Billion Naira
3. Regalins - 15 Billion Naira
4. Royalex - 7 Billion Naira
5. Veritas Kapital - 22 Billion Naira
6. Aiico Insurance - 95 Billion Naira
7. Conhallplc - 42 Billion Naira
8. Cornerstone - 47 Billion Naira
9. Custodian - 221 Billion Naira
10. Fortis - 10 Billion Naira
11. Guinea Insurance - 6 Billion Naira
12. IEI - 9 Billion Naira
13. LinkAssure - 47 Billion Naira
14. Mansard - 61 Billion Naira
15. NEM - 85 Billion Naira
16. Prestige - 20 Billion Naira
17. Sovereign Trust - 16 Billion Naira
18. Sunu - 15 Billion Naira
19. Universal Insurance - 19 Billion Naira
20. Wapic Coronation - 48 Billion Naira

The recapitalisation deadline is July 2026, and some insurers are already taking steps to meet the new minimum capital requirements.

How correct?

How does this nonsense concern us?

A total of 30 Companies have not yet Submitted their Statement of Financial Report. Among 30 of them, which one are you mostly anticipating?

It seems some people have leaked out the Reports of Dangote Sugar and NGX Group.

Imagine being named Dickson Rodman

Just imagine am

Freshandfitpod:
why does BUA resides in Dubai but his business is in Nigeria? I'm not getting it.

BUA Group, a Nigerian-based cement and food-producing company, has laid off about 700 truck drivers at its plant in Obu-Okpella, Edo State, after they protested the benefits they had been denied.

The affected truck drivers say a N30 billion gift was involved.

Buying from Jumia website Vs Konga website, which is better?

And how?

awesomeJ:
OKOMUOIL: over 70% drop in Q4 earnings yoy.

Would have been steeper if their oil palm cost of sales were actual cost rather than earnings.

Reading AIRTEL's results is merely for mental exercise, the stock is as good as delisted on the NGX.

Why is Airtel Plc always giving Notifications of Transaction in Own Shares?

Bitcoin's not dead. Despite the recent freefall and controversy surrounding the Epstein files, the cryptocurrency is still trading strong, with a current price of $70,283. The market cap is around $1.53 trillion, showing global liquidity and institutional participation.

The Epstein files did spark rumors and FUD (fear, uncertainty, and doubt) about Bitcoin's origins and connections, but fact-checks have debunked claims of Jeffrey Epstein being Satoshi Nakamoto or controlling Bitcoin's development. The files do reveal Epstein's early investments in Bitcoin-related companies like Coinbase and Blockstream, but there's no evidence of him controlling the cryptocurrency.

Market analysts attribute the recent volatility to profit-taking, global market caution, and derivatives liquidations rather than any structural issues with Bitcoin itself. The cryptocurrency has weathered similar storms before and is likely to recover.

davillian:
until the battery becomes weak..

Hahahahhaha

Why adopt just sit at home strategy to free their leader Nnamdi Kanu? They should have adopted the "No-Sex, No-Food" Strategy naa. Maybe that would have been more effective. Nonsense and ingredients.

Let those who have been supporting the every Monday Sit-at Home, yet they do not reside in the South East, now feel free to start sitting at home every Mondays, wherever they are. To sit at home should not be by force.

This is a Triumph of Sane people over Insane people and their Insane Supporters...

awesomeJ:
Finally!
After 4 months!!!
X-Alert is alive!!!

My phone has been buzzing non stop for almost 5 minutes 😁😁😁

Great way to mark ASI at 170k, new ATH 🎉🎉🎉

CSCS must refund all of us our money they have been deducting for the past 4 months.

An Angry man married to a bad Attitude woman, will lead to more deaths. Men, control your anger. Women, stop your bad attitude before it ends your life.

Not every man knows how to tolerate your nonsense attitude that you carried over from your father's house.

Normalize asking your Richer Neighbours to connect you to their line of work or business.

He does not have a name?

emabe:
Someone bought car and open busy for coochie. My eyes and ears have seen and heard too much. I can't say more

Its ladies that cause it. You do not want to sleep with him, but you allow him to spend money on you. Ok naa.

yMcy56:
ACCESS: 22.70
WEMA: 25.90

It is well o 😊

** Meanwhile, ZICHIS is @5.56 today......
All the way from 1.81
Those guys no allow us see buy...
It is well 😊
Volume bid is reducing anyway..

Fortis will force the volumes on Zichis to reduce. Watch and see how diversion will suddenly make Zichis to become available...

only 2 units of Fortis Insurance has been sold today. Holders are not smiling at all...