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President Sings Nigerian Insurance Industry Act 2025
LAGOS (Capital Markets in Africa) – Following the passage of the Insurance Bill by the Senate (in December 2024) and subsequent approval by the House of Representatives (in March 2025), President Bola Ahmed Tinubu has officially signed the long-anticipated Insurance Bill into law. The presidential assent on Tuesday, 5 August 2025, now transforms the bill into the Nigerian Insurance Industry Reform Act, 2025 (NIIRA 2025)—a landmark legislation providing a comprehensive legal framework for the Nigerian…
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