NATO’s guidelines say countries should spend 2 percent of their GPD on defense each year. Here’s the breakdown of how much NATO members spend on defense, by GDP.
Nigerians have been urged to take their mental health seriously in the face of the current economic challenges to optimise the country’s Gross Domestic Product, GDP. This was the submission of a mental health expert, Muhammed Audu, at the…
When last month, the Debt Management Office (DMO), announced that Nigeria’s public debt had hit N121.67 trillion, made up of N65.65 trillion ($46.29 billion) total domestic debt and N56.02 trillion ($42.12 billion) external debt, there was…
FG affirms, commits to supporting SMEs The Informal Sector Economic Report launched to improve the growth of Small and Medium Enterprises (SMEs) in Nigeria through inclusion shows that over 58 per cent of Nigeria’s informal workforce is…
Kwara State Governor AbdulRahman AbdulRazaq at the weekend explained the rationale behind his administration’s move to compute and compile the state’s Gross Domestic Product (GDP) for the first time since
.As FG restates commitment to supporting small businesses in informal sector The Informal Economy Report 2024, says businesses in the informal market contribute over half of Nigeria’s Gross Domestic Product (GDP). The report also revealed…
The Informal Economy Report 2024 has revealed how businesses in the informal sector contribute over half to Nigeria’s Gross Domestic Product (GDP) with the bulk of them (72.3 per cent) …
For the first time since Kwara State was created in 1967, the administration of Governor, AbdulRahman AbdulRazaq is set to compute and compile the state’s Gross Domestic Product (GDP) to have an accurate database for proper planning and…
Debt-to-GDP ratio hits 52. 9% The Debt Management Office (DMO) recently published the latest public debt figures, revealing a public debt portfolio of N121 trillion. This comprises a domestic debt of N65.6 trillion and a foreign debt…
Get latest articles and stories on Business at LatestLY. Credit growth in the Indian banking sector is expected to exceed nominal GDP growth in the current financial year 2024-25, growing at 13-15 per cent, according to SBI Capital Markets.
The Informal Economy Report 2024 has stated that businesses in the informal market contributed over half of Nigeria’s Gross Domestic Product. The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, said this when she…
Get latest articles and stories on World at LatestLY. Jordan's economic performance during the first half of this year combined improvement in some key economic indicators and the continued economic challenges that require strategic…
According to Vice President Kashim Shettima, Nigeria’s GDP for the first quarter of 2024 was 93.62% generated by the non-oil sector. Shettima stated that it is now essential for the nation to investigate other vital sectors of the national…
The first quarter GDP as released by the Nigerian Bureau of Statistics (NBS), revealed a decline in the real estate and construction sector’s growth in Q1 2024.
…As Second Batch of Nigerians trained in China returns The Vice President, Senator Kashim Shettima, on Friday, hinted that the Federal Government was targeting forty percent of its Gross Domestic Product (GDP) from the transportation…
Anite expressed the Federal Government’s commitment to supporting small businesses in the informal sector as they contributed largely to the nation’s GDP.