NAICOM Pegs Web Aggregator Share Capital At N5m

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The National Insurance Commission(NAICOM) has pegged the minimum share capital of a web aggregator at N5million. This was contained in the operational

The National Insurance Commission has pegged the minimum share capital of a web aggregator at N5million.

The web aggregator is expected to have a minimum share capital not less than N5miliion as at the date of application and shall continue to maintain same throughout the license period, even as the Web Aggregator shall submit to the commission, a financial position duly certified by an external auditor every year after finalisation of books of Accounts.ADVERTISEMENT

 

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