On August 5, 2025, the Nigerian Insurance Industry Reform Act (the "Act") was signed into law, reforming the regulatory framework for insurance companies and other entities providing services...

The Nigerian Insurance Industry Reform Act (NIIRA) 2025, introduces stronger regulatory control over insurers, expanding the National Insurance Commission's (NAICOM) authority.

A vessel may load crude in Port Harcourt, discharge containers in Mumbai, or bunker in Mombasa. Yet when a collision, oil spill, or injury claim arises, the decision on liability is often made in London.

Nigeria is the maritime backbone of West Africa. Its coastline stretches over 850 kilometres and is home to strategically located ports including Apapa, Tin Can Island...

Healthcare disputes in Nigeria sit at the intersection of law, medicine and public policy. They span a wide spectrum, including clinical negligence claims, professional discipline proceedings, regulatory enforcement and mass-tort style claims arising from systemic failures within healthcare delivery.

Nigeria's Insurance Regulatory Sandbox, operational since 2023, offers a controlled testing environment for innovative insurance structures. Could this framework provide the pathway for establishing a domestic Protection & Indemnity mutual club, addressing a critical gap in Nigeria's maritime insurance sector while navigating the complex regulatory requirements of NAICOM, NIMASA, and local content legislation?

In insurance, a claim is a request made to an insurance company by an insured individual or corporate entity for payment or compensation of a loss or damage covered by the insurance policy.

On 1st February, 2022, the National Insurance Commission ("NAICOM"), issued the Insurance Web Aggregators Operational Guidelines ("Guidelines"), 2022.

NAICOM's power to administer, supervise, regulate and control the insurance industry is derived both from its establishment Act and the Insurance Act.

Today, our weekly newsletter is having a twist. We thought we'd spice it up a bit, let's take a break from the norm. Although we are still building across borders and taking new companies to Egypt...

The NCC gives a maximum of sixty (60) days for such notification and responds within a thirty (30) day time frame.

Notwithstanding the challenges posed by the COVID-19 crisis, the Nigerian FinTech industry is positioned for growth in the coming years.

Insurance is an essential financial safety net that provides peace of mind, protecting the insured/policyholders from unexpected events and the financial repercussions they can bring.

In 2023, the Nigerian government established the Ministry of Marine and Blue Economy, a long-anticipated step toward harnessing the country's vast maritime potential

Nigeria has lost over $1.5 billion to foreign marine insurers in just three years. That's not a projection.

The Executive Governor of Lagos State has issued an Executive Order (‘the Order') for the compulsory subscription to Social Health Insurance by all residents, employers, and workers in Lagos State (‘the State').

The National Insurance Commission (NAICOM), on 30th July 2025, released the Guidelines for Insurtech Operations in Nigeria (the "Guidelines"), which became effective on 1st August...

Entertainment contracts in Nigeria's rapidly expanding industry must clearly allocate risk when events fail due to unforeseen circumstances, yet many agreements remain inadequately drafted.

In Nigeria, the execution of an aircraft or engine sale agreement will attract stamp duties at an ad valorem rate of 1.5%.

In the world of global shipping, insurance isn't just paperwork; it is infrastructure. It determines who can trade, under what conditions, and at what cost.