Nigeria: Insurers Race to Meet Recapitalisation Deadline With N8.2bn Rights Issues

[Leadership] The race to meet Nigeria's insurance recapitalisation deadline has intensified as two insurance firms moved to raise a combined N8.222 billion through rights issues on the Nigerian Exchange (NGX), underscoring growing efforts by operators to comply with new capital requirements under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

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