Gross Domestic Product
Lagos affirms support for Skye Bank
The Lagos State Government has expressed its confidence on the board and management and new leadership at Skye Bank Plc.
‘Insurance industry contributes less than one per cent to GDP’
The president, LCCI, Dr. Nike Akande, explained that less than one per cent of Nigerians have life assurance policies, adding that the industry’s density still stands at 0.225 per cent with a near-zero
U.S. first-quarter GDP revised up
Gross domestic product increased at a 1.1 per cent yearly rate, rather than the 0.8 per cent pace reported last month, the Commerce Department said on Tuesday in its third GDP estimate.
Nigeria, Russia unveil e-commerce platform to boost bilateral ties
With volume of trade between Nigeria and Russia hovering around $300 million, the Lagos Chamber of Commerce and Industry ( LCCI) and Russian Federation have unveiled an e-ecommerce platform ....
Formal sector contributed 58.82% to economy, says NBS
On rail transportation contribution to the GDP, the informal sector made 0.0% contribution to the GDP in 2015, while the formal sector accounted for 100% of the GDP in the rail transport sector.
Marketing insurance with empathy
For as long as I can remember, the insurance subsector has been regarded by many as the underachiever of the financial sector. The reasons are legion. The banking sector contributes more to the Gross Domestic Product ...
TUC unveils $1b economic development plan
In an effort to tackle the economic crisis bedeviling the nation, Trade Union Congress (TUC), has concluded plans to unveil an economic development plan worth $1 billion.
Former bank chief raises hope on economic rebound
The Chairman of FrieslandCampina WAMCO, Jacob Ajekigbe, has said that the country’s Gross Domestic Product (GDP) will expectedly rebound in 2016, though marginally.