Monday, August 11, 2025
22.5 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

Hot this week

UBA Group Chair, Tony Elumelu, Seeks Critical Measures to Drive Africa’s Development

L-R: President, Central African Republic, Faustin-Archange Touadéra and Group...

148 Nigerians Win ₦23m in Stanbic IBTC’s Reward4Saving Season 4 Promo

Stanbic IBTC Bank has successfully enhanced the financial well-being...

NCC Hosts National Broadband Mapping System in Abuja

L-R: Project Manager, Africa-BroadBand (BB) Maps, International Telecommunication Union (ITU),...

Sterling Bank Names First Beneficiaries of ₦2B ‘Beyond Education’ Fund

Sterling Bank, Nigeria’s leading financial institution, has announced the...

Former CFI of NAICOM, Sunday Thomas, to Chair NAIPE 2025 Conference

The Nigerian Association of Insurance and Pension Editors (NAIPE)...

Topics

Capital Market: Shettima, Agama, Others Charge Judiciary to Foster Confidence

Vice President Kashim Shettima, the Minister of State for...

Albinism Body Raises Alarm over Health Challenges of Members in Nigeria

By Dr. Mrs. Bisi Bamishe National President Albinism Association of...

AIG to Invest $1.3bn by 2023 on Technology, Services

  American International Group (AIG) says it will invest $1.3...

PenCom: Pension Assets Hit N17tr in June 2023

The National Pension Commission (PenCom) has put pension assets...

Ecobank CEO, Akinwuntan, Charges Graduands on Digital, Excellence in New World Order

Managing Director, Ecobank Nigeria, Patrick Akinwuntan (3nd right) and Vice...

Great Nigeria Insurance Delists from Stock Exchange

Great Nigeria Insurance Plc has voluntarily delisted from the...

NSIA Insurance Unveils Outdoor Campaign to Expand Customer Base

NSIA Insurance Limited has launched its out-of-home campaign which...

Interswitch to Headline One Africa Music Fest, Sponsor 20 Customers

Africa’s leading integrated payments and digital commerce company, Interswitch...
spot_img

Related Articles

Popular Categories

spot_imgspot_img