Banks, insurance contribution to economy falls 15% to N1.51trn

By Babajide Komolafe, Economy EditorBanks, insurance and other financial instiutions’ contribution to the economy fell by 15 per cent to N1.512 trillion in the third quarter, Q3’25 from N1.778 trillion in the first quarter of the year, Q1’25.   This followed the second consecutive decline in the sector’s quarterly contribution to the nation’s Gross Domestic Product, GDP in the Q3’25. Vanguard analysis of the Gross Domestic Product, third q