Nigeria’s biggest Insurance Firm, NICON loses license, taken over by Receiver Manager.
The crisis ridden Nigeria’s biggest Insurance Company, the National Insurance Corporation of Nigeria (NICON) has finally lost its operational licence and taken over by a Receiver Manager. NICON owned by the Federal Government and established in 1969 by Decree 22 was axed by the National Insurance Commission (NAICOM), the Insurance Regulatory body that revoked…
