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International

Insurance consolidation, growth opportunities rife in Nigeria: Officials

July 01, 2015 Reprints

Stakeholders in Nigeria's insurance industry said that the sector presents good opportunities for consolidation and growth in the coming months, reported BusinessDay.

"There are too many companies for the current size of the industry," said an official, adding that "this means more consolidation will happen."

"We see the sector with potential for strong growth in the future and being extremely profitable," the official added.

Another official said that insurance regulators must take "a firm decision on consolidation."

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Insurance consolidation, growth opportunities rife in Nigeria: Officials

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