FG Pays Out N396.7m Insurance Claims to Farmers
In a move aimed at shielding Nigeria’s fragile food system from climate shocks, the Federal Government, through the Presidential Food Systems Coordinating Unit, has partnered with Leadway Assurance and PULA Advisors to disburse N396.7m in insurance claims...
NGX Surges by N479bn as Insurance and Consumer Goods Stocks Lead Rally
The Nigerian Stock Exchange (NGX) recorded a market value gain of N479bn at the close of trading on Thursday, August 7, 2025. This impressive growth was driven largely by strong performances in the...
Banking and Insurance Stocks Boost NGX by N403bn
The Nigerian stock market extended its bullish momentum on Thursday as the Nigerian Exchange Limited recorded a gain of N403bn, driven by renewed investor interest in insurance and banking stocks.
At the close of trading, the market capitalisation...
Insurance Market’s Gross Premium Now N813.1bn
The insurance market recorded about N813.1billion in Gross Premium Written in Quarter 2, 2024, indicating a 47.4 per cent growth rate compared to the same period of the previous year and a 72.7 per cent, quarter on quarter, it...
Insurance Firms, Banks Others Contribute N1.72trn To Economy
Banks, insurance companies and other financial institutions contributed N1.72 trillion to the nation’s real Gross Domestic Product (GDP) in the first half of the year, H1’23.
This represents 27 percent year-on-year YoY growth from the N1.35 trillion contributed...
Insurance Claims Now N1.5trn - NAICOM
Insurance companies paid N1.5trn claims in six years as businesses increased.
The biggest advertisement needed to promote insurance patronage is prompt claims settlement according to industry experts.
The Nigerian underwriting companies have so far paid N1.5tn claims to their customers in...
