The 2012 accounts not approved for many insurers

Out of the nearly 60 insurers operating on the Nigerian market, 37 have submitted their 2012 accounts to the insurance supervisory commission (NAICOM). Only 16 of them have received approval from the authorities, while a score of companies are still waiting for the ratification of their figures. At the end of September, 17 insurers have not yet submitted their results to NAICOM.

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