Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Reps. Ask NAICOM to Suspend Recapitalisation of Insurance Companies The House urged the National Insurance Commission (NAICOM) to suspend the proposed   Dec. 31, 2020 deadline for the first phase of the insurance companies recapitalisation. The House of Representatives has called for suspension of the proposed recapitalisation of insurance while noting the development in the economy. This followed a unanimous adoption of a motion by Rep. Benjamin Kalu (APC-Abia) at the plenary on Tuesday. Kalu said that the National Insurance Commission (NAICOM) was established by the National Insurance Commission Act 1997 as the primary regulator for the insurance sector. He said…

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