Tuesday, January 6, 2026
28.2 C
Lagos

Court Restrains NAICOM over Guinea Insurance

A Federal High Court sitting in Abuja has restrained the National Insurance Commission (NAICOM) from restricting Guinea Insurance Plc from taking in new businesses pending the determination of the substantive suit (FHC/ABJ/CS/151/2019) filed against the insurance industry regulator by the company.

The court presided over by Hon. Justice I. E. Ekwo granted the Order of Mandatory Injunction against NAICOM last Friday when the matter came for hearing.

spot_img
spot_img
spot_img

Hot this week

Sovereign Trust Insurance Unveils Lucas Durojaiye as New MD/CEO

The Board and Management of Sovereign Trust Insurance Plc...

Leadway Assurance Commences Comprehensive Verification Exercise for African Alliance Annuitants

Leadway Assurance Company Limited has officially commenced a comprehensive...

Rand Merchant Bank Nigeria Successfully Meets CBN Recapitalisation Requirement

In line with the Central Bank of Nigeria’s Banking...

Stanbic IBTC Bank Nigeria PMI: Business Activities Expanded Further at End of 2025

The Nigerian private sector remained in growth territory at...

CBN: Nigeria’s Economic Activity Strengthened in Dec with 57.6 Points in PMI

The Central Bank of Nigeria (CBN) has reported a...

Topics

DHL Delivers Black Rhino Eliska to Africa

The world’s leading international express delivery provider, DHL, has...

Debtors Africa Partners Proshare on Delinquent Debtors, NPLs 

  Debtors Africa – an independent searchable database of recalcitrant and...

NNPC Admits PMS Supply Crisis Due to Alleged $6bn Financial Strain

NNPC Limited has acknowledged recent reports in national newspapers...

S&P: Sub-Saharan African Sovereign Commercial Loans to Fall 20% in 2016

American rating agency, Standard & Poor’s indicated in a...

Law Union, WAPIC Losses Drag Insurance Index Down by 0.8%

  A report by Afrinvest Research says sustained losses yesterday...

NNPC, Dangote Refinery Ink 10-Year Gas Deal to Boost Local Production, Industrial Growth

L-R: Managing Director, Nigeria Gas Marketing Limited (NGML), Barrister...

NIGERIA in 2017: Experts Project Roadmap for Growth

The NIGERIA in 2017 Special Report is designed to...

Stanbic IBTC Supports Educational Institutions with School Loans

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC...
spot_img

Related Articles

Popular Categories

spot_imgspot_img