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Nigeria Banking Sector Report Analysis B
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Nigeria Socio economic Development(Monetary Statistics and National Account)
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16 Insurance Firms Pay N67.12bn Claims In Six Months
No fewer than sixteen insurance companies have a total claims of 36.48 percent increase in the first half of this year. This is an increase to N67.12 billion from N49.18billion in the same period of 2020. An analysis of data collated from an unaudited financial statement showed that they paid policy holders N67.12bn in claims…
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Niger Insurance Settles Over N3 Billion Claims In Two Years
Niger Insurance Plc said it paid N3.3 billion as claims in two years. The insurance company said it paid claims and benefits totalling N1.7 billion in 2019 against N1.6 billion paid in 2018. At the AGM, the Managing Director/Chief Executive Officer, Niger Insurance, Edwin Igbiti stated: “In response to the company’s liquidity challenges, which delayed…