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Nigeria: Insurance sector forecast to grow at 7.5% annual rate during 2014-2018

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Fast Market Research Inc. has said in a study that the insurance sector in Nigeria is expected to grow at an average annual rate of 7.5% during the 2014 to 2018 period, reports Ventures Africa.

Various factors would drive this growth, including new insurance laws, economic strength, a decrease in inflation and increase in disposable income, among other things, the report said.

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