4 results for “recapitalisation”
The National Insurance Commission has begun final verification of insurers' compliance with higher capital requirements, with consolidation expected to follow.
Gross premium written rose 47.3 percent in 2025, while low retention in specialist risks showed why the industry's new capital rules matter.
The transaction lifted eligible capital above the N500 billion minimum for an international commercial-bank licence, subject to final approvals.
The two-year exercise lifted paid-up capital across the banking system, with the regulator saying every affected lender chose a route to compliance.