A typical family may experience financial strains due to the prevailing unfavourable economic indices – high inflation, unemployment, exchange rate and other factors.

In the evolving global economy, intellectual property (IP) has emerged as a critical asset for businesses, especially for startups and innovation-driven enterprises.

The National Health Insurance Authority Act, 2021 ("the Act") was recently enacted by the National Assembly.

The Nigerian Insurance Industry Reform Act 2025 has introduced a more stringent framework for claims settlement, with stronger financial and regulatory consequences for unreasonable delay. This thought leadership article examines how NIIRA 2025 affects the proof of insurer misconduct and the remedies available to policyholders, focusing specifically on unreasonable delay in claims settlement and the significant changes from the previous Insurance Act 2003.

Warranty and Indemnity insurance is transforming M&A transactions globally, yet its adoption in Nigeria faces significant barriers. This analysis explores the practical challenges of implementing...

Navigating the intricacies of IFRS 17, a profound grasp of the 'Risk Adjustment' concept appears as an imperative endeavour...

(NIIRA 2025). This landmark legislation repeals the Insurance Act, 2003, and consolidates related provisions, ushering in a modern regulatory framework designed to strengthen financial resilience, improve market conduct, enhance governance, and protect policyholders.

On August 6, 2025, President Bola Ahmed Tinubu in a landmark effort to transform the Nigerian Insurance Sector signed the Nigerian Insurance Industry Reform Act (NIIRA), 2025.

Since there are many uncertainties in life, insurance provides financial support and reduce the burden of uncertainties in business and human life.

When reinsurers withdrew charterers' liability cover for Persian Gulf operations in March 2026 on seventy-two hours' notice, the episode revealed a structural vulnerability in global marine insurance that extends far beyond the immediate crisis. For Nigeria, which lacks domestic marine insurance capacity at every layer of this architecture, the Gulf repricing demonstrates both the cost of dependency on foreign risk capital and an emerging opportunity to build institutional capability...

The apex regulator of the insurance sector, National Insurance Commission ("NAICOM") in 2019 issued directives for the increase in the minimum paid-up share capital requirement for all

The National Insurance Commission (NAICOM) has issued Guidelines for the Insurance Policyholders' Protection Fund (IPPF), requiring all licensed insurers and reinsurers to contribute 0.25% of their Net Premium Income to protect policyholders and beneficiaries. The Guidelines establish a comprehensive framework for funding, management, and utilization of the Fund, with strict compliance obligations and regulatory oversight.

By the time the WHO upgraded the status of the novel Coronavirus Disease (officially known as COVID-19) outbreak from an epidemic to a global pandemic on 11th March, 2020, the virus had already travelled beyond Wuhan, China, ...

The Insurance Reform Act requires insurance companies to increase their share capital to ensure solvency and enhance their capacity to pay claims.

The recent tax reform laws have significantly reshaped how employees' income is taxed in Nigeria, introducing new bands and reliefs, and clarifying existing ones to promote economic fairness and tax compliance.