A fourfold capital hike promises sector transformation. The evidence suggests something messier.
When Nigeria's insurance regulator announced fourfold increases in minimum capital requirements in July 2025, the market response told two contradictory stories simultaneously. Regency Assurance surged 150%, Sovereign Trust climbed 124%, and Mutual Benefits defied gravity with a 248% rally.
Consolidated Hallmark Holdings PLC gained 38 per cent in Q3. Investors, it seems, are pricing both triumph and disaster—a rational respons
