Oceanic Insurance Group sees profits up by 2,351%

"Nigerian firm Oceanic Insurance Group has reported its profits to have skyrocketed by 2,351% for its general insurance business.
Previously, the firm recorded profits of N25.9m, which have since ballooned to N635.3m.
Its gross premium likewise surged upwards, from N196.3m to N1.27bn, a rise of over 500%, and total assets increased from N3bn to N4.4bn.
Mrs. Cecilia Ibru, [...]" (2008-12-3)
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