NAICOM lauds Senate on passage of Regulatory Commission bill

The National Insurance Commission, NAICOM, has commended the Senate for the successful passage of the National Insurance Regulatory Commission Bill.

In a statement released yesterday, NAICOM said the legislation is a major milestone in strengthening the regulatory framework of Nigeria’s insurance industry.

The commission stated, “This landmark legislation is a major milestone in strengthening the regulatory framework of Nigeria’s insurance industry. With enhanced oversight, transparency, and accountability, the Bill will deepen public confidence, attract investment, and promote sustainable growth that benefits policyholders, operators, and the broader economy.

Zenith Bank clinches dual honours at the 2026 Euromoney Awards for Excellence

July 23, 2026

Dangote Refinery sets new petrol price at N1,215 per litre, resumes naira sales

July 22, 2026

“NAICOM acknowledges the vision, dedication, and collaborative spirit demonstrated by the Senate leadership and Senator Abiru in championing reforms that will modernize insurance regulation and advance financial inclusion in Nigeria. Their commitment underscores the importance of this achievement for the protection of citizens and the stability of the financial sector.

“The Commission reaffirms its readiness to ensure the effective implementation of the provisions of the new law once signed and to continue working closely with all stakeholders to position the insurance industry as a catalyst for national development.”