High fuel costs may drive shift from comprehensive to third-party motor insurance

AI Summary

Rising fuel prices in Nigeria are impacting business costs, potentially leading to a shift from comprehensive to third-party motor insurance as companies adjust to higher operating expenses. The increase in petrol and diesel prices affects transportation and power generation sectors.

Nigeria’s rising energy costs are steadily reshaping the economics of running a business, with higher petrol and diesel prices feeding into transportation, power generation and other operating expenses. The post High fuel costs may drive shift from comprehensive to third-party motor insurance appeared first on Nairametrics.