Nigerian insurance companies are laying the groundwork that will enable them to access fresh funds from the nation's capital market in order to comply with the new minimum capital requirements.
At the least, no fewer than four insurance companies have sought shareholders’ approval that will enable them to tap the capital market for private placements, rights issues and public offers or both.
The Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed by President Bola Ahmed Tinubu on August 5, 2025, introduced higher Minimum Capital R
