Economic and Financial Review


Central Bank of Nigeria


Insurance, Insurance Industry, Nigeria


While the number of insurance companies operating in the Nigerian economy increased in 1990, both income and expenditure of the companies rose during the same period. The report revealed that the growth rate of income in the industry exceeded the expenditure rate, as the income to expenditure ratio rose from 1.59 to 1.81 between 1989 and 1990.

Author Bio

The authors are staff of the Statistical Survey Office, Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review





Recommended Citation

Central Bank of Nigeria (1992). Developments in the Insurance Industry in Nigeria in 1990. CBN Economic and Financial Review. 30(4), 279-292.



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