Tinubu signs Nigerian insurance industry reform bill into law
[NigerianEye - Nigeria] - 5/08/2025
President Bola Tinubu has signed the Nigerian insurance industry reform bill 2025 into law. Tinubu assented to the bill on Tuesday to strengthen Nigeria’s financial sector and accelerate the nation’s march toward a $1 trillion economy. In a statement on Tuesday, Bayo Onanuga, special adviser on information and strategy to Tinubu, said the Nigerian Insurance Industry Reform Act (NIIRA) 2025 repeals and consolidates several outdated insurance laws into a single, modern legal framework. Onanuga explained that the new Act provides for comprehensive regulation and supervision of all insurance (…)
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