Nigeria: NAICOM to pulse insurance firms’ recapitalisation pending determination of legal challenge

WorldStage Newsonline– The Counsel to the National Insurance Commission (NAICOM), Chukwuma-Machukwu Ume, SAN, on Tuesday, gave an assurance before Justice Ahmed Mohammed of the Federal High Court, Abuja. to stop its planned recapitalisation process of insurance and reinsurance companies in the country, pending the determination of the suit challenging the decision.

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Law Union & Rock Insurance approves 100% acquisition by Kanuri LUR Limited at Court-Ordered meeting

WorldStage Newsonline– Law Union & Rock Insurance Plc has notified the Nigerian Stock Exchange about the approval of the proposed 100% acquisition of the company by Kanuri LUR Limited Lagos at the Court-Ordered Meeting (COM) held by Proxy on Thursday, 10th September 2020 at 12:00 p.m. at Shell Zenith Hall, Muson Centre, 8/9 Onikan, Marina, Lagos State

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