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Financial Institutions Sector Contributes N1.77 Trillion to Nigeria’s Economy in Q1 2025, Up 15% YoY - TV360 Nigeria
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Financial Institutions Sector Contributes N1.77 Trillion to Nigeria’s Economy in Q1 2025, Up 15% YoY - TV360 Nigeria
The Banks, Insurance, and Financial Institutions sector contributed N1.77 trillion to Nigeria’s economy in the first quarter of 2025 (Q1 ’25), marking a 15% year-on-year increase from N1.545 trillion in Q1 2024, according to the National Bureau of Statistics (NBS) Nigeria GDP report. Breakdown of Contributions: Banks and other financial institutions accounted for N1.613 trillion in Q1 ’25, growing 16.8% YoY from N1.391 trillion in Q1 ’24. Insur…
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