Essentially, the Guidelines provide a framework for the licensing, registration and regulation of web aggregators and also regulate their business relations with insurance companies.

In global shipping, power is often measured in fleets, ports, and cargo volume.

According to industry statistics, Nigeria's Insurance Penetration Rate (IPR) in 2013 was 0.39%, declining from 0.48% in 2010.

Nigeria's recent election back into the Council of the International Maritime Organisation, after 14 years, marks more than a diplomatic milestone.

In 1972, the Federal Government of Nigeria issued the Nigerian Enterprises Promotion Decree, more commonly known as the Indigenisation Decree.

International trade involves the exchange of goods and services across borders, essentially import and export transactions.

The Secretary General of the International Maritime Organization (IMO), Mr. Arsenio Domínguez, has praised Nigeria's maritime achievements, highlighting its three - year streak...

President Bola Ahmed Tinubu has assented to the Nigerian Insurance Industry Reform Act, 2025 (NIIRA 2025), marking the most comprehensive overhaul of Nigeria's insurance regulatory framework in over two decades.

The Securities and Exchange Commission (‘SEC’), the National Pension Commission (‘PenCom’), the Nigeria Revenue Service (‘NRS’), the Financial Reporting Council of Nigeria (‘FRCN’), the Nigeria Immigration Service (‘NRS’), the Nigerian Exchange Group (‘NGX’)...

It was the late renowned English judge, Lord Denning MR, that opined that "words are the lawyer's tool of trade".

In furtherance of its regulatory powers, the National Insurance Commission (the "Commission") in its circular dated July 30, 2025 issued the Guidelines for Insurtech Operations in Nigeria 2025 (the "Guidelines").

In exercise of its statutory powers and regulatory functions, the NAICOM, recently reviewed the minimum paid-up share capital requirement for all classes of insurers doing business in Nigeria.

The Pension Reform Act ("the PRA" or "the Act") was first enacted in 2004 and reenacted in 2014. Among many other provisions, the PRA makes Group Life Insurance compulsory for all employees.

Nigeria's insurance regulator has introduced a comprehensive framework requiring foreign health insurers to obtain approval and partner with local entities before serving Nigerian clients. What compliance obligations must multinational corporations and international insurers now satisfy to continue operating in this market?

As part of the National Insurance Commission's (NAICOM) efforts to improve the insurance business in Nigeria and its recognition of the impact of technology in improving the insurance business and its penetration to the grassroots level.