The Senate, at today’s plenary, passed the 2024 Nigerian Insurance Industry Reform Bill to consolidate existing insurance laws and reduce reinsurance capital requirements, while also addressing insecurity by proposing laws to limit cross-border cattle movement and advocating for modern ranches to curb farmer-herder conflicts. Additionally, the senate upheld the dismissal of a petitioner over job racketeering allegations and rejected a separate wrongful termination petition, emphasizing adherence to due process and existing regulations. Senate passes insurance...
