More than 20 Nato members will meet the alliance's target of allocating at least 2% of GDP to defence this year, Nato secretary-general Jens Stoltenberg said on Monday.
New Delhi: Global rating agency Fitch on Tuesday raised India’s GDP growth forecast for FY25 to 7.2 per cent, from 7 per cent. The rating agency said in its report that recovery in consumer spending and increasing investment trends are the…
President Biden on Monday welcomed as good news the announcement that 23 countries in the 32-member NATO alliance are on track to spend two percent of their GDP on military defense this year, an important benchmark established in 2014. “We…
A disturbing unverified report from a leading foreign professional services firm revealed a damning state of fragility of Nigeria’s key sectors of the economy, showing a staggering output loss, estimated at N95 trillion from 2020 to first…
Femi Olayebi is the founder of Lagos Leather Fair (LLF), a platform that showcases, celebrates and promotes talents and craftsmanship within the Nigerian leather industry.
Main contributors to GDP growth in the first quarter of this year were wholesale and retail trade (+11.4%), processing facilities (+9%), construction (+4.8%), and hotels and restaurants (+4.6%)
Get latest articles and stories on Business at LatestLY. While retaining its position as the fastest-growing large economy, India's real gross domestic product (GDP) growth will moderate to 6.8 per cent in fiscal 2025 from 8.2 per cent in…
Health care spending growth is projected to outpace that of the gross domestic product (GDP) during the coming decade, according to a study published online June 12 in Health Affairs.
Lagos State Governor Babajide Samwo-Olu on Wednesday said the Gross Domestic Product (GDP) of the state had grown by 50 per cent from what it was five years ago when he came on board. He said this while giving a lecture on how the sub…
The economic prosperity recorded by Lagos State over the last two decades has shown the strength and potential which any sub-national government can offer in shaping the African growth narrative, Governor Babajide Sanwo-Olu told a…
Segun James Governor of Lagos State, Mr Babajide Sanwo-Olu, has said the Gross Domestic Product (GDP) of the state, in the last five years under his administration, has risen by
The Governor of Lagos State, Babajide Sanwo-Olu, stated that the State is responsible for more than a third of Nigeria’s Gross Domestic Product (GDP), making the state the commercial hub …