Daily Query

The liberal, independent, newspaper devoted to fair, balanced, and progressive ideas on Nigerian, African, and global affairs.

NAICOM revokes Nigeria Reinsurance’s operating licence, appoints Dr. Muiz Banire as Receiver and Provisional Liquidator

The National Insurance Commission (NAICOM) has revoked the operating license of Nigeria Reinsurance Corporation (Registration No. RR-002) following the company’s failure to satisfy the statutory Minimum Capital Requirement (MCR) within the designated compliance window. ​In a public notice released on Tuesday, August
August 6, 2026