By Sunday Michael Ogwu The latest bulletin from the National Insurance Commission (NAICOM) reveals a sharp -51% quarter-on-quarter (q/q) drop in gross premium (GP) income by Nigerian insurers, slumping to NGN769.2 billion in Q1 2025. This abrupt decline disrupts the consistent growth trend observed in previous quarters and has triggered fresh concerns about the sector’s...
Sharp Drop in Premiums Disrupts Nigeria’s Insurance Growth
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