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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 ...
Nigerien crisis (2023–2024) On 26 July 2023, a coup d'état occurred in Niger, during which the country's presidential guard removed and detained president Mohamed Bazoum. Subsequently, General Abdourahamane Tchiani, the Commander of the Presidential Guard, proclaimed himself the leader of the country and established the National Council for ...
News about Chinese banks expanding operations in Nigeria made the rounds last month and could prove pivotal to the effectiveness of cross-border trade between both countries. China is Nigeria’s ...
Africa’s GDP has tripled since 1990; it recorded a 4% CAGR compared to Europe’s and Latin America’s 1.7% from 2010 to 2019. The report also stated that Africa is also recording faster growth ...
Nigeria's economy is the fourth-largest in Africa, the 53rd-largest in the world by nominal GDP, and 27th-largest by PPP. Nigeria is often referred to as the Giant of Africa owing to its large population and economy, [20] and is considered to be an emerging market by the World Bank.
The latest startup and technology news coming out of Nigeria. Fintech Conduit’s cross-border payments expand from LatAm into Africa with $6M round. Tage Kene-Okafor. 2 days ago.
Kwik, a Nigeria and French-based startup that provides logistics services to B2B merchants, from social vendors to e-commerce platforms, has raised $2 million in Series A funding. The financing ...
The annual Nigerian Economic Summit (NES) is organised in collaboration with the Federal Ministry of Budget and National Planning. The Summit is a yearly gathering of high-level public and private sector leaders in Abuja, the nation’s capital, for dialogue on Nigeria’s economic management.