What to Know About New Insurance Law

What to know about new insurance law

President Bola Tinubu recently signed the Insurance Industry Reform Bill 2025 into Law (NIIRA) marking a significant shift in conventional insurance operations in the country. Daily Trust reports that presidential spokesman, Bayo Onanuga said the NIIRA Act 2025 ushers in a new era of transparency, innovation, and global competitiveness for the insurance industry which aligned with the Federal Government’s vision of achieving a $1 trillion econom…

Expert Urges Insurance Industry To Embrace New Reform Act - News Agency Of Nigeria

Expert urges insurance industry to embrace new reform act 32 total views today      By Taiye Olayemi   Ms Prisca Soares, Chairman of the Almond Insurance Industry Awards Panel of Judges, has urged stakeholders in the insurance industry to embrace the reforms outlined in the Nigerian Insurance Industry Reform Act (NIIRA) 2025. Soares spoke at a news conference unveiling nominees for the 2025 […] News Agency of Nigeria

Tinubu boosts financial sector, by signing Insurance Reform Bill into law - THE AUTHORITY NEWS

By Abbanobi -Eku Onyekachi Abuja In a move to boost Nigeria’s financial services sector, President Bola Ahmed Tinubu has signed the Nigerian Insurance Industry Reform Bill, 2025 into law, now known as the Nigerian Insurance Industry Reform Act (NIIRA), 2025. The bill’s lead sponsor, Senator Mukhail Adetokunbo Abiru, Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, has warmly on Wednesday commended Mr Presi…

Insurance stocks jump 10% after Tinubu signed law to recapitalise industry

A day after President Bola Tinubu assented to a new insurance reform law aimed at recapitalising the industry and boosting investor confidence, insurance stocks on the Nigerian Exchange Limited (NGX) surged 10 percent on Tuesday. On Tuesday, President Bola Tinubu signed the Nigerian insurance industry reform bill 2025 into law. Tinubu assented to the bill to strengthen Nigeria’s financial sector and accelerate the nation’s march toward a $1 tril…

Tinubu Signs Landmark Insurance Reform Bill to Propel $1 Trillion Economy Vision

President Bola Tinubu has signed the Nigerian Insurance Industry Reform Bill 2025 into law, a move aimed at strengthening the country’s financial sector and supporting the federal government’s drive toward achieving a $1 trillion economy. Announcing the development on Tuesday, presidential spokesman Bayo Onanuga said the new legislation—now known as the Nigerian Insurance Industry Reform Act (NIIRA) 2025—repeals and consolidates several outdated…