Nigeria's National Insurance Commission (NAICOM) has revoked the operating licence of NICON Insurance, triggering winding-up proceedings against the company. According to Legit.ng, the Federal High Court has fixed September 21 for a hearing in the matter. The revocation marks a significant regulatory action against one of the country's notable insurance firms, with further details expected to emerge as the court process unfolds.

The National Insurance Commission (NAICOM) has commenced the formal winding-up of NICON Insurance Limited, according to a report by Punch. The regulator has appointed a Receiver/Provisional Liquidator to oversee the process, which involves managing the company's assets and liabilities. The move marks a significant regulatory action against one of Nigeria's legacy insurance firms, though further details on the reasons for the wind-up were not provided in the report.

The National Insurance Commission (NAICOM) has urged the Nigerian Insurers Association (NIA) to take the lead in rebuilding public trust in the insurance sector as it undergoes significant transformation. This statement was made by the Commissioner for Insurance at NAICOM, Mr. Olusegun Ayo Omosehin, during a celebration for Mrs. Ebelechukwu B. Nwachukwu, who is recognized as the 27th and first female in her position.

A Federal High Court in Abuja has adjourned Emeka Ike's N10 billion fundamental rights suit against the Independent National Electoral Commission (INEC) and Lere Olayinka to July 22, 2026, due to the absence of INEC representatives in court.

The Federal High Court in Lagos has nullified an alleged attempt to seize control of a 30-year-old property company, according to ThisDay Live. The takeover bid reportedly relied on disputed corporate filings submitted to the Corporate Affairs Commission. The court, presided over by a judge identified only as Justice in the available report, cancelled the alleged hijack plot, effectively blocking the change of control and affirming the company's existing ownership structure pending further proceedings.

The Court of Appeal in Abuja has adjourned the hearing of an appeal regarding the deregistration of the African Democratic Congress (ADC), Accord Party, and three other political parties until July 7. The adjournment allows the involved parties to file and exchange their briefs of argument before the substantive hearing takes place.