Lagos - Nigeria’s local insurance industry recorded a premium income of N285 billion in 2013.
The figure represents a 15 percent increase over N247.58 billion recorded in 2012, reports The Guardian.
Remi Olowude, Chairman of the Nigerian Insurers Association (NIA), attributed the growth to the enforcement “No premium, No Cover” policy regulation on premium collection.
Read more at The Guardian.
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.