Niger Insurance, capital injection

Niger Insurance, one of Nigeria‘s market leaders, has confirmed that the next 2.5 billion NGN (16.4 million USD) capital injection will enable it to finance its investments. The company plans to restructure the supply of its products along with its distribution network. Niger Insurance is equally keen on the establishment of its communication platform. The premiums collected amounted to 7 billion NGN (46 million USD) in 2010 compared to 7.2 billion NGN (48 million USD) in 2009. The after-tax loss amounted to 123.6 million NGN (814 400 USD) in 2010 whereas in 2009 it was set at 2.2 billion NGN (14 million USD).

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