Nigeria Insurance Industry Records Growth

The Nigerian insurance industry grew by 8.01 per cent in 2021, compared to a negative growth rate of 13.29 per cent in 2020.

According to figures obtained from the National Bureau of Statistics, the insurance industry also accounted for 7.82 per cent of the finance sector.

It, however, expanded by 16.41 per cent, 7.86 per cent and 13.61 per cent in the second, third and fourth quarters of 2021.