Nigeria may get eight mega indigenous insurers post-consolidation
Like the 2004 banking sector consolidation that saw the emergence of mega banks, the June 2020 deadline for insurance sector recapitalization may bring about six strong indigenous insurers that would compete favourably with their foreign counterparts.
Recapitalisation may end foreign domination of Nigeria’s insurance
The insurance sector has not expanded over the past 10 years. If you take all the Gross Premiums from all Nigeria’s insurance companies they did not grow in inflation-adjusted terms during the period 2008-18, and only grew very slightly in US dollar terms over the same period.
Buhari’s ‘tougher times’ not new, expected
The ‘tougher times’ ahead, as predicted by President Muhammad Buhari after his re-election, is rather a continuum than a fresh caution for Nigerians and the economy, as his first four years were dominated by difficulties, unemployment and low productivity, economic analysts have said. Besides, his re-election is not inspiring financial market sentiments more than the…
'In 2018, banks must expand risk assets to earn profit'
Guy Czartoryski is the Head of Research at Coronation Merchant Bank Group. A highly rated, award-winning strategist, with deep sell-and-buy-side experience in emerging and frontier markets, equity and fixed income, has proved his mettle by traversing various top-notch global financial institutions before arriving in Nigeria. In this interview with CHIJIOKE NELSON, the researcher and investment…