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Bullion

Keywords

Insurance, Nigeria, Competition

Abstract

Competition among Nigerian insurance companies has intensified following the consolidation exercise, which aims to strengthen the industry and enhance its performance. Nonetheless, the capacity of insurance companies in Nigeria to compete effectively remains challenging. Hence, this study analysed the impact of competition on the financial performance of insurance companies in Nigeria. Secondary data were obtained from companies' financial reports and analysed using OLS regression. The findings indicated that competition significantly influences the performance of insurance companies. Consequently, the study recommended that regulatory authorities and insurance companies implement measures to foster healthy competition.

Author Bio

Dr. Oladele is a lecturer and postgraduate examinations officer in the Department of Banking and Finance, University of Ibadan. He holds a Ph.D. in Finance and has research interests in corporate finance, capital market development, and developmental finance. With prior private sector experience, he blends academic training with practical financial insights.

Issue

2

Volume

49

First Page

26

Last Page

36

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