NICON Insurance Limited, one of Africa’s leading Insurers was originally owned by the Federal Government of Nigeria. The Corporation was established by Decree No.22 of 1969 (now Cap 263 law of 1990 as amended) with the main objective of assisting in the development of the insurance industry in Nigeria and specifically to ensure that Federal Government assets and property are fully protected by way of insurance.

However, consequent upon the commencement of the second phase of the Federal Government Privatization Policy, NICON Insurance was privatised in December, 2005. With an asset base of N46.9bn gathered over a 40-year period of operation, 40 branches and Six regional offices, it is therefore modest to classify NICON as a colossus in the insurance and other financial services sector.

Besides its business offices in Nigeria, NICON also has offices in the oil-rich Island of Sao Tome and Principe and Central London.

NICON stands tall in insurance market today. It is driven in its operations; with experienced workforce; spread nationwide with offices located in the 36 states across the six-geopolitical zones in Nigeria, rendering insurance and other financial services and providing employment to the teaming population.

Our Vision

To create a sustainable NICON Insurance that is profitable and will provide industry leadership.

Our Mission

Strive to create profitability driven by products that create competitive advantage that will showcase industry leadership.

Our History

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NICON Insurance Limited, one of Africa’s leading Insurers was originally owned by the Federal Government of Nigeria. The Corporation was established by Decree No.22 of… Read More

Values & Culture

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Everyone at Nicon Insurance shares a common set of values, a ‘”NICON DNA”’ that bind us together and defines how we treat our work, our… Read More

Board of Directors

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Since its incorporation in 1969, the company has built a reputation as a strong underwriting house providing its numerous policyholders the security of its financial… Read More

Management Team

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Since its incorporation in 1969, the company has built a reputation as a strong underwriting house providing its numerous policyholders the security of its financial… Read More