Africa News: Nigeria's Insurers Given a Year to Recapitalize

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

Nigeria’s National Insurance Commission gave underwriters an additional year to recapitalize as companies deal with the effects of the coronavirus pandemic.

The industry recapitalization program scheduled to end in 2020 must now be completed by September 2021, the agency said in emailed statement.

“The incidences of Covid-19 pandemic have made it difficult to proceed with the Dec. 31, 2020 recapitalization…

Source link

About Author: integral
A free-thinking individual who strives to maintain psychological balance between the two polar aspects of Human Nature; Desire and Conscience. However, These conditions can never be balanced because inertia will carry us to extremes. Balance is a constant struggle therefore I live by the principles of the HERU Interface