By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Gross Domestic Product (GDP) slowed to 2.11 percent year-on-year (YoY) in real terms lower by 3.83 percent from growth recorded in the corresponding quarter of 2014, the Nigerian Bureau of Statistics (NBS) said on Tuesday. “Quarter on quarter, real GDP increased by 3.10 percent,” […]
Tag: Gross Domestic Product
AfDB Approves $8.2 Million Equity Participation in Shelter Afrique to Boost Housing in Africa
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-African lender, African Development Bank (AfDB) on Friday said its board of directors has $8.2 million equity investment in Africa’s housing and habitat company, Shelter Afrique, to strengthen its balance sheet and help it achieve its objective of providing quality affordable housing in Africa. “This […]
Namibia Banking Sector Highly Profitable-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday reported that the Namibian banking system is highly profitable, well-capitalised and with relatively low nonperforming loans. The IMF’s executive board reported this at the conclusion of the Article IV consultation with Namibia without a meeting. Apart from high profitability […]
