Mobile Banking Deepens Financial Inclusion – BoT

Posted on by Staff Writer | 6220 Views | 18 min read

One of the drivers of the country’s gross domestic product (GDP) by 7.0 per cent last year was financial intermediation, speeded up by inclusive financing. The financial inclusion assists banks to reach many customers and mobilise more deposits, which are a crucial variable for spurring investments through commercial loaning. For instance, in 2009 population with

Nigeria Becomes Largest Economy in Africa with $590.9 Billion GDP

Posted on by wademinnie | 11230 Views | 8 min read

Nigeria has become the largest economy in Africa and 26th largest in the world following the rebasing of its Gross Domestic Product from 1990 to 2010 constant prices. Following the recalculation, the Statistician General of the Federation announced on Friday, April 4 that the country’s GDP emerged at $590.9 billion in 2013 up from $285.56