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Universal Insurance secures N7.1 billion FPNG investment to meet NAICOM capital requirement
Nairametrics
Aug 14, 2026 · 16:52 WAT
Universal Insurance Plc has entered a binding investment agreement with FPNG Co-Nvest Limited for a N7.128 billion equity investment. The transaction is intended to support compliance with the National Insurance Commission’s new minimum capital requirement for insurers.