Developments in the Insurance Industry in Nigeria in 1990

Authors

Central Bank of Nigeria CBN, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Insurance, Insurance Industry, Nigeria

Abstract

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

Issue

4

Volume

30

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.