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