Nigeria’s insurance industry gross premium hits N2.3 trillion in Q4 2025

Nairametrics | 24-04-2026 08:34pm |

Nigeria’s insurance industry recorded significant growth in the fourth quarter of 2025, with total gross premiums reaching N2.3 trillion. The figure marks a 36% quarter-on-quarter increase and a 47.3% year-on-year growth in gross premiums. This is according to the latest Insurance Market Performance report released by the National Insurance Commission (NAICOM). The impressive growth was driven primarily by the Oil

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