The National Insurance Commission has issued a regulatory order on Niger Insurance Plc.

In a notice filed by the firm to the NSE, the firm was given three directives by the industry regulator.

The company was instructed not to dispose of its assets without NAICOM's approval; it was instructed to present a monthly report of its activities together with the monthly management account to the Commission; as well as invite NAICOM to all its Board meetings with the firm as a mere observer.

It is believed that this regulatory order is part of business continuity measures to ensure the availability of insurance services and protection of policyholders during the COVID-19 movement restriction.