Tinubu boosts financial sector, by signing Insurance Reform Bill into law

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Abuja


In a move to boost Nigeria’s financial services sector, President Bola Ahmed Tinubu has signed the Nigerian Insurance Industry Reform Bill, 2025 into law, now known as the Nigerian Insurance Industry Reform Act (NIIRA), 2025. The bill’s lead sponsor, Senator Mukhail Adetokunbo Abiru, Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, has warmly on Wednesday commended Mr President for the milestone achievement.

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