🚨 Big news in the insurance sector! As the deadline for insurance firms to boost their minimum capital approaches, Universal Insurance has taken a significant step by paying a N1.5 billion statutory deposit to the Central Bank of Nigeria. This move highlights the growing importance of solid financial standing in the insurance industry. For anyone in business or considering insurance options, it's crucial to understand the implications of these regulatory changes. Ensuring your insurance provider meets these statutory requirements can offer peace of mind and security for your investments. Stay informed and ensure your insurance choices are backed by solid financial foundations! Read more about this development here: https://www.thisdaylive.com/2026/02/16/recapitalisation-universal-insurance-pays-n1-5bn-statutory-deposit-to-cbn/ #InsuranceNews #BusinessUpdates #FinancialLiteracy #InvestmentSecurity #NigeriaFinance