
NAICOM Revokes Universal Insurance License: N13.6 Billion Shareholder Value at Risk
Universal Insurance Plc faces a major crisis after NAICOM revoked its operating licence over failure to meet the required minimum capital threshold. The action has triggered the insurer’s winding-up process and put about ₦13.6 billion in shareholder value at risk, raising fresh concerns about the risks investors face in Nigeria’s insurance recapitalisation exercise.






