Nigeria's NAICOM recapitalisation has licensed 43 insurers that met capital floors of up to ₦35bn (about US$26m), leaving up to 15 firms facing closure.

Coronation Insurance Plc and Coronation Life Assurance Limited have successfully met the new minimum capital requirements stipulated under the Nigerian

NAICOM Issues New Licences to Recapitalised Insurers, Signals New Regulatory Era