Why are insurance companies bigger than banks globally but smaller than banks in Nigeria: A Detailed Analysis

Why are insurance companies bigger than banks globally but smaller than banks in Nigeria: A Detailed Analysis …C0NTINUE READING HERE >>>

By Olatunbosun Aiyedun

The financial landscape of any country is typically dominated by two powerful sectors: banking and insurance. Globally, insurance companies are often larger and more influential than banks, but this trend does not hold in Nigeria, where banks have a significantly stronger presence than insurance companies. This article aims to explore the reasons behind this divergence, backed by facts and figures, and a comparative analysis of Nigeria and other global…

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