Insurance stocks are rallying remarkably on the Nigerian Exchange Limited (NGX) and the probability is even high that these low-priced stocks will continue to outpace others in the market in this second half (H2) of the year.
The optimism around insurance stocks results from renewed interest in the hitherto penny stocks as investors price-in the positive impact of Nigerian Insurance Industry Reform Act (NIIRA) 2025.
The Nigerian Insurance Industry Reform Act (NIIRA) 2025 which was recently approved by President Bola Ahmed Tinubu repeals and consolidates several outdated insurance laws into a single, modern legal framework.
