Insurance Sector Rose By 6.6% In Q3 – NBS
The Nigerian insurance sector grew by 6.69 per cent year-on-year in the third quarter of this year, according to the National Bureau of Statistics.
The NBS, in its latest gross domestic product report, said the finance and...
Insurance Sector To Lose 72% Of Dangote Refinery Risk
The nation’s insurance industry may lose 72 per cent of the insurance business in the Dangote Oil Refining company.
The company, which has insured value estimated at $6.8 billion, may be overtaken by foreign operators, when it...
Insurance Sector Records 35.7% Growth In A Decade
The insurance sector has in the past ten years achieved an average growth rate of 35.7% in both life and non-life classes of business.
A breakdown of this showed that life business recorded a higher growth rate of...
Insurance Sector Losses N15bn, Investors Panic Over Recapitalisation
The decision by the National Insurance Commission (NAICOM) to shift the recapitalisation deadline from January 1, 2019, to October 2018, is eroding the value of insurance stocks, a development capital market said can scare away more investors.
According...
Finance Minister, Mrs. Kemi Adeosun, has in Abuja expressed dismay that the under-performance of the insurance sector was denying the country an annual 1.5 per cent increase in the growth of the Gross Domestic Product (GDP).
Adeosun made the announcement at the 2016 National Insurance...
