Insurance Industry Reform Key to FG's Vision for $1trn Economy - Senator Abiru

Insurance industry reform key to FG's vision for $1trn economy - Senator Abiru

The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Adetokunbo Abiru, who represents Lagos East Senatorial District, has declared that the insurance industry reform would help the federal government in its vision to build a $1 trillion economy and strengthen the financial services sector in the country. Commending President Bola Tinubu for assenting to the Nigerian Insurance Industry Reform Bill, 2025, …

Tinubu signs new law to regulate Nigeria's insurance sector

The National Insurance Commission (NAICOM) is mandated to administer and implement the provisions of the NIIRA 2025.

Insurance Stocks Jump 10% After Tinubu Signed Law To Recapitalise Industry - Thepodiummedia

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…

President Tinubu Signs Insurance Reform (NIIRA) Bill 2025 - Tech

In a defining moment for Nigeria’s financial sector, President Bola Ahmed Tinubu has signed into law the Nigerian Insurance Industry Reform Bill, 2025, a sweeping legislation that marks the beginning of a new era for the nation’s insurance landscape. The Nigerian Insurance Industry Reform Act (NIIRA) 2025 doesn’t just tweak the rules; it rewrites the playbook. By repealing and consolidating outdated insurance laws into a unified, forward-looking…

Tinubu signs insurance reform bill into law, targets $1tr economy

President Bola Tinubu has signed into law the Nigerian Insurance Industry Reform Bill, 2025, a legislation aimed at transforming the financial sector and propelling Nigeria closer to its $1 trillion economy ambition. Specifically, the new law, now known as the Nigerian Insurance Industry Reform Act (NIIRA), 2025, repeals and consolidates multiple obsolete insurance laws into … The post Tinubu signs insurance reform bill into law, targets $1tr ec…

Tinubu Signs NIIRA Act into Law

By Lizzy Chirkpi In reshaping the nation’s insurance sector, President Bola Tinubu  on Tuesday, signed into law the Nigeria Insurance Industry Reform Act (NIIRA) 2025, marking the most significant overhaul of the sector in decades. The new legislation, announced in a statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy, introduces strict regulatory frameworks designed to strengthen the financial backbone of ins…