Nigeria’s insurance industry grew by 12.25 per cent in the fourth quarter of 2022, figures obtained from the National Bureau of Statistics have revealed.
According to the NBS report on Nigeria’s Gross Domestic Product for Q4 2022, the finance and insurance sector consisted of two subsectors: financial institutions and insurance.
While the former accounts for 92.84 per cent, the latter contributes 7.16 per cent to the sector’s growth in Q4.
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