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BAS Capital Acquires DOT Microinsurance in Strategic Move

Published

9 months ago

February 6, 2026

BAS Capital acquires DOT Microinsurance, expanding its microinsurance services and supporting a resilient financial ecosystem in Nigeria

BAS Capital has officially acquired DOT Microinsurance Limited, following regulatory approvals including the National Insurance Commission (NAICOM)’s No Objection for the restructuring of DOT Microinsurance’s shareholding, issued on August 7, 2025.

Also read: NGX Awards 2025 Honour Top Performers in Nigeria’s Capital Market

DOT Microinsurance operates within Nigeria’s microinsurance sector, providing accessible risk protection to individuals and small businesses.

The acquisition marks a strategic step for BAS Capital as it seeks to strengthen its footprint in the country’s growing financial services market.

According to BAS Group, the acquisition aligns with its long-term strategy to build an inclusive and resilient financial ecosystem across Africa.

The move is expected to enhance the availability of microinsurance products while supporting the economic security of underserved populations.

Industry analysts say the deal reflects a growing trend of consolidation in Nigeria’s microinsurance sector, as larger financial services firms expand through strategic acquisitions to capture emerging market opportunities.

Also read: Guinea Insurance Seeks N5.3B Rights Issue to Boost Capital

With this acquisition, BAS Capital joins a growing list of financial institutions leveraging microinsurance to foster financial inclusion, empower small businesses, and mitigate economic risks for vulnerable communities.

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Katsina Governor Mourns Slain Cleric, Demands Probe

Published

17 minutes ago

October 27, 2026

Peculiar Adirika

Sheikh Yahaya Masussuka was killed in Katsina alongside an associate. Governor Dikko Radda has condemned the attack and called for a thorough investigation

Katsina State Governor, Dikko Radda, has condemned the killing of Islamic cleric Sheikh Yahaya Masussuka and his associate, calling on security agencies to investigate the attack and bring those responsible to justice.

Also read:Kenya Releases 20 Ebola Contacts After 21 Days in Quarantine

The cleric was reportedly shot dead alongside his associate by unidentified gunmen riding a motorcycle outside his residence in Dutsin-Ma Local Government Area of Katsina State on Monday night, October 26, 2026.

In a statement issued on Monday by his Chief Press Secretary, Ibrahim Mohammed, Radda said he was shocked by the incident and extended his condolences to the deceased’s family, the Islamic community and others affected by the killings.

The governor urged security agencies to intensify efforts to establish the circumstances surrounding the attack, identify the suspects and ensure their arrest and prosecution.

“Those behind this heinous act must be brought to justice. I urge the relevant security agencies to conduct a thorough investigation and ensure that the perpetrators face the full weight of the law,” Radda said.

He also appealed to residents to remain calm, cooperate with security agencies and provide credible information that could assist investigators.

Radda cautioned against actions that could escalate tensions or threaten peace and security in the state.

Describing Masussuka as a religious leader committed to peaceful coexistence and interfaith harmony, the governor said the cleric’s teachings centred on the Qur’an, mutual understanding and peaceful relations among people of different faiths.

He added that Masussuka was known for speaking against violent extremism and radicalisation.

The governor urged the bereaved family to remain steadfast in their faith as they mourned their loss.

“I urge the bereaved family to take solace in the will of Almighty Allah and remain steadfast in faith during this difficult period. May Allah grant them the strength and patience to bear this painful loss,” he said.