NAICOM suspends Tier-Based recapitalisation over court injunction
Insurance regulator, the National Insurance Commission (NAICOM) on Thursday announced the suspension of implementation of the Tier-Based Minimum Solvency Capital (TBMSC) Policy for the insurance industry, pending the determination of the suit filed against the policy by a group of shareholders. NAICOM in circular to all insurance institutions in Nigeria signed by Leonard Akah, director,…