Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Big Shake-Up: Insurers Rush for Cash as New Government Rules Take Effect
The Business NG
|BusinessNg
A fresh wave of capital-raising activity is sweeping through Nigeria's insurance sector as firms race to meet the stricter minimum capital requirements prescribed by the Insurance Industry Reform Act (NIIRA) 2025. With the deadline drawing closer,
operators are intensifying efforts to strengthen their balance sheets through Rights Issues, Private Placements, and Public Offers.
This story is from the BusinessNg edition of The Business NG.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business NG
The Business NG
Naira Falls to N1,490 as Official-Parallel Exchange Gap Widens
The naira weakened to N1,490 per dollar in Nigeria's parallel market, marking the widest gap with the official rate in 11 months.
1 min
BusinessNg
The Business NG
VAT Reform Targets Only Luxury Services, Big Companies - Experts
As Nigeria implements its new Value Added Tax (VAT) reforms, experts have clarified that the changes will mainly affect luxury services and large companies, while everyday essentials and small businesses remain largely unaffected.
1 min
BusinessNg
The Business NG
Nigeria Air Force Kills Over 40 Terrorists in Borno Airstrikes
The Nigeria Air Force has killed more than 40 terrorists in a series of airstrikes targeting insurgent hideouts in Borno State.
1 min
BusinessNg
The Business NG
Defection Stalls as Kano Governor's APC Ticket Demand Sparks Controversy
The long-rumoured defection of Kano State Governor Abba Kabir Yusuf from the New Nigeria People's Party (NNPP) to the ruling All Progressives Congress (APC) has hit a major snag, with negotiations reportedly delayed over the governor's demand for an automatic governorship ticket ahead of the 2027 election.
1 min
BusinessNg
The Business NG
Defence Minister: Porous Borders Driving Nigeria's Insecurity
Nigeria's Minister of Defence, Christopher Musa, has highlighted porous borders as a key factor fueling the country's ongoing insecurity crisis.
1 min
BusinessNg
The Business NG
Profit-Taking Pulls Nigerian Stock Market Lower Despite Some Strong Performers
The Nigerian stock market experienced its first dip of 2026 on Wednesday, as profit-taking weighed on several major stocks, causing the benchmark All-Share Index (ASI) to fall by 0.43% to 166,057.29 points from Tuesday's close of 166,771.95 points.
1 min
BusinessNg
The Business NG
Nigeria's Inflation Climbs to 15% in December, Ending Eight-Month Decline
Nigeria’s headline inflation rate rose to 15.15% in December 2025, according to the National Bureau of Statistics (NBS), marking the first increase after eight consecutive months of decline.
1 min
BusinessNg
The Business NG
Nigeria Halts Petrol Imports as Dangote Refinery Meets Local Demand
For the first time in decades, Nigeria's petrol supply chain is undergoing a dramatic shift—one that could redefine how Africa's largest economy fuels itself.
1 min
BusinessNg
The Business NG
Nigeria's Debt Service May Exceed N91 Trillion by 2028
Nigeria is heading toward a defining fiscal crossroads, as projections show that the Federal Government could spend more than ₦91 trillion on debt servicing alone by 2028, raising fresh concerns about sustainability, development spending, and the long-term health of public finances under President Bola Ahmed Tinubu's administration.
1 min
BusinessNg
The Business NG
EFCC Returns N802.4m to First Bank After Uncovering Glitch-Linked Fraud
The Economic and Financial Crimes Commission (EFCC) has handed over 802.42 million recovered from a fraud case to First Bank Nigeria Plc, marking a significant step in efforts to curb financial crimes arising from system vulnerabilities within the banking sector.
1 min
BusinessNg
Listen
Translate
Change font size