The Nigerian insurance market experienced strong growth in 2024, with gross written premiums (GWP) reaching 1.56 trillion nairas (approximately 1.02 billion dollars), according to data published by the Nigerian Insurers Association (NIA). This figure represents a 56% increase compared to the 1 trillion nairas collected in 2023. This growth was mainly driven by non-life insurance,…...
Trending
- Africa50 mobilizes $20 million from BII and signs multiple infrastructure agreements in Tanzania
- Mauritania: Revised Budget for 2026 at 140.3 Billion MRU, Equivalent to 3.5 Billion Dollars
- Guinea-FMI: preliminary agreement on a $425 million program
- Botswana: Continental Reinsurance launches a public offer of 156 million USD before its IPO
- Cameroon: Paul Biya breaks his record of absence, 64 days out of the country
- Senegal: FONSTAB and BNDE inaugurate the first Senegalese industrial unit for hatching egg production
- Senegal: Widening of the trade deficit in June 2026
- Stanbic Holdings expects revenue growth in the second half thanks to credit recovery
Nigeria: Insurance sector turnover exceeds one billion dollars in 2024
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com