LASACO MEETS NICOM DEADLINE FOR RECAPITALIZATION
This is good news coming for the NICOM as its deadline for recapitalization was met by LASACO as the deadline was met by LASG with an injection of N4BILLION into the industry. This has added a new leaf to the industry and will give new impetus to the hitherto ailing industry. This is perhaps a welcome development to the Sanwoolu-led government of Lagos State. All things being equal, there are indications that the boost given by the LASG will be of great encouragement to those aspiring to invest in the insurance sector. Meanwhile, those who are still doubting can now heave a sigh of relief, with this cheering development.