Nigeria, Sept. 17 -- ce seen as stagnant and unappealing to investors, the Nigerian insurance industry is now experiencing one of its greatest rises in decades.

Five of the top performers in 2025 among the five leading insurance companies listed on the Nigerian Exchange (NGX) have registered outstanding year-to-date gains.



The shining performer has been Mutual Benefits Assurance, which has increased by 556 percent from January to the end at N4 per share, raising its market value to N80.2 billion. Notwithstanding a minor drop in Monday's trading, Sovereign Trust Insurance also reported an amazing year-to-date increase of 157 percent, going from N1.12 to N2.88. Similarly, NEM Insurance rose 151 percent to N27.45, increasing its market ...