56% Increase In Income Tax Eats Into NEM Insurance’s Profit Of N14.85bn
NEM Insurance reported its revenue for the first quarter (Q1) of 2025 was N46.05 billion, surpassing the N29.03 billion generated in Q1 2024, indicating an increase of 58.63 percent. However, the increase was overshadowed by the 61.65 percent recorded in insurance service
![Worshippers stand inside the Menjar Shenkora Arerti Mariam Church under construction that collapsed in Arerti, Amhara region of northern Ethiopia, on Wednesday, October 1, 2025 [Samuel Getachew/AP Photo]](https://www.primebusiness.africa/wp-content/uploads/2025/10/Ethiopian-church-collapse-480x384.webp)
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