Author: InvestAdvocate

Nigerian Economy Overtakes South Africa’s on Rebased GDP

Nigeria’s economy surpassed South Africa’s as the largest on the continent after the West African nation overhauled its gross domestic product data for the first time in two decades. The size of the economy is estimated at 80.3 trillion naira ($491 billion) for 2013, Yemi Kale, head of the National […]

World Bank Predicts Lower 2014 Growth for China, East Asia

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The World Bank has predicted a lower 2014 growth for China and East Asia but said the region will see stable economic growth this year, bolstered by a recovery in high-income economies and the market’s modest response so far to the Federal Reserve’s tapering of […]

Banks need 22,000 workers for biometric registration

Deposit Money Banks will need to dedicate about 22,000 of their employees to the biometric registration exercise of their customers, sources close to the project have said. According to the officials working on the project, over 20 DMBs in the country have combined branch offices of 5,500. Each of the […]