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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 ...
CIVETS, six emerging markets countries: Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa, a diverse and dynamic economy and a young, growing population; CLMV, Cambodia, Laos, Myanmar and Vietnam in south east Asia, members of ASEAN
Nigeria is often referred to as the Giant of Africa by its citizens due to its large population and formerly large economy, [21] and is considered to be an emerging market by the World Bank. Nigeria is a founding member of the African Union and a member of many international organizations, including the United Nations, the Commonwealth of ...
The term pre-emerging markets is sometimes used as a synonym for "frontier markets", emphasizing the expectation that they will eventually "graduate" to "emerging market" status. [ 10 ] A 2021 analysis proposes the term emerged to describe markets, economies, or countries that have graduated from emerging market status, but have not yet reached ...
Some of the risks of investing in emerging markets include: Political instability: Political unrest, coups and changes in government policies can create uncertainty and volatility in emerging markets.
Nigeria is emerging as a new source of lithium in Africa as the world’s largest producers, like Australia and Chile, are unable to fulfill the growing demand worldwide.
An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. [1] This includes markets that may become developed markets in the future or were in the past. [ 2 ]
In spite of the World Economic Forum's Global Risks Report which is increasingly identifying environmental pressures as the dominant risks to humanity, none of the indicators used to determine this report's competitiveness ranking reflect any of the countries' environmental dimensions such as energy, water, climate risks, resource or food security, etc.