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    FX Hangover Hits Insurers: Profits Crash 34% to ₦108.4bn Despite Revenue Growth

    FX Hangover Hits Insurers: Profits Crash 34% to ₦108.4bn Despite Revenue Growth Nigeria’s insurance industry experienced a sharp profit decline in 2025, even though revenues increased significantly. Here’s what really happened: 1. Profit Fell Sharply • Combined Profit After Tax (PAT)...