Settlement |

Consultant Urges NAICOM To Enforce Prompt Claims Settlement

Kingsley Chukwu2 months ago03 mins

Insurance and pension consultant, Mr Babatunde Raimi, has urged the National Insurance Commission (NAICOM) to strengthen enforcement of the Nigerian Insurance Industry Reform Act (NIIRA 2025) to ensure prompt settlement of claims by insurance firms. Raimi said this in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos. NAN reports…

Nigeria To Shift To T+2 Securities Settlement Cycle In November

Kingsley Chukwu10 months ago01 mins

The Central Securities Clearing System (CSCS) has confirmed that Nigeria’s capital market will move to a T+2 settlement cycle on 28 November, in line with global best practice and a directive from the Securities and Exchange Commission (SEC). CSCS CEO Haruna Jalo-Waziri described the reform as a “major milestone” that would improve liquidity, cut settlement…