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The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. [ 29 ] [ 30 ] It is ranked as the 53rd-largest economy in the world in terms of nominal GDP , the fourth largest in Africa and the 27th-largest in terms ...
This list comprises the largest companies in Nigeria by revenue and market capitalization as of 2024, according to the ranking of the largest 500 companies in Africa by Jeune Afrique and African Business. Around 30 of the largest 500 companies in Africa by revenue are based in Nigeria.
The company is currently operating in Kenya, Nigeria, Ghana, Uganda and South Africa. [4] M-KOPA uses a financing model based on daily repayments, providing affordable smartphones integrated with financial services that fit with the cash flow of underseved individuals who earn their income on a daily basis. [5] [6]
The following table presents a listing of Nigeria's 36 states ranked in order of their estimated total GDP in 2021 according to a 2022 report by BudgIT. [ 1 ] Rank
Nigeria is a federal republic in West Africa, bordering Benin in the west, Chad and Cameroon in the east, and Niger in the north. As of 2015 Nigeria has the world's 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively. It overtook South Africa to become Africa's ...
Alaba international market is an electronics market located in Ojo, Lagos State, Nigeria. It is the largest electronics market in Nigeria . Apart from the sales of electronic products, the market also deals in the repair of home appliances . [ 1 ]
A farmer and his cow. The majority of herders in African countries are livestock owners. Livestock farming is a part of Nigeria's agriculture system. In 2017, Nigeria had approximately over 80 million poultry farming, 76 million goats, 43.4 million sheep, 18.4 million cattle, 7.5 million pigs, and 1.4 million of its equivalent. [26]
Indeed, GNP per capital per year decreased 4.8 percent from 1980 to 1987, which led in 1989 to Nigeria's classification by the World Bank as a low-income country (based on 1987 data) for the first time since the annual World Development Report was instituted in 1978.