The National Insurance Commission has extended the deadline for insurance and reinsurance companies to meet its new capital requirements to September 30, 2021 from December 31, 2020.

It disclosed this in a circular, titled, ‘Segmentation of minimum paid-up share capital requirements for insurance companies in Nigeria,’ on Wednesday, June 3.

For more information, please see https://punchng.com/naicom-extends-insurers-recapitalisation-deadline-to-sept-2021/