@businessdayng - There was confusion and shock among operators in the nation’s insurance industry yesterday following a sudden change in the transition timetable for the Tier-based minimum solvency capital regime, earlier exposed by the regulator, the National Insurance Commission (NAICOM). . . . NAICOM had on 25th July 2018 published the draft guideline for the new capital regime for insurance companies in Nigeria, with take-off date fixed for 1st January 2019. . . . But a new circular released on Monday night by NAICOM signed by Barineka Thompson, director, Supervision Directorate on behalf of the commissioner for Insurance announced the take-off date as now 1st October 2018. For details visit businessdayonline.com . . . #businessdayng #business #nigeria #insurance #economy #financialnews #news #finances #politics #business #Nigeria #sports #imagetv https://www.instagram.com/p/BnDg_uhBmhw/?utm_source=ig_tumblr_share&igshid=ltsevh29tfk0