Pursuant to the powers conferred by the enabling laws, the National Insurance Commission on Friday withdrew and cancelled the circular dated August 27, 2018 with reference number
NAICOM/DAPCIR/14/2018 and titled Tier Based Solvency Capital Policy for Insurance Companies in Nigeria.
statement signed by the Director, Policy and Regulation, Agboola Pius in Abuja said: “This
withdrawal and cancellation takes immediate effect.”