LAGOS- Despite
heavy losses incurred by traders in Lagos in some recent major market fire
outbreaks, many of the traders are still reluctant to insure their products and
businesses, investigations by the News Agency of Nigeria (NAN) has indicated.
Over five major markets in Lagos have experienced fire
outbreaks in the last one month, resulting in losses worth billions of naira.
However, in separate interviews with NAN in Lagos, many of
the traders said they would not insure their businesses because they believed
that insurance companies were not sincere.
