Category: Economy
Electricity in Nigeria: challenges, progress, opportunities and more
Nigeria is the most populous country in Africa, with an estimated population of over 200 million people. The country has vast natural resources, including oil, gas, and minerals, yet it faces significant challenges in providing reliable and affordable electricity to its citizens. Nigeria’s electricity sector has been plagued by a history of underinvestment, poor infrastructure, …
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A Review of the Nigerian business facilitation Act
The Nigerian Business Facilitation Act was signed into law on 14 February, 2023. The Act is a new legislation that has generated tons of debate in the Nigerian business community. The Act seeks to provide a more conducive environment for businesses to thrive in Nigeria and to generally improve the ease of doing business in …
An overview of the Nigerian Exchange Group
The Nigerian Stock Exchange Group Plc, via its affiliates, functions as a stock exchange for the entire Nigerian nation. Only publicly quoted businesses securities are available for trading by regular investors and traders on the Nigerian Stock Exchange (NGX). The Nigerian Stock Exchange carries out business activities through its three divisions: Capital Market & Post …
Lekki Deep Sea Port: Is it worth the talk?
The Lekki Deep Sea Port project has been a topic of intense discussion and debate in recent times, with opinions divided on whether the port is worth the investment. Some view it as a major step towards economic growth and modernization, while others express concerns about its impact on the environment and local communities. The …
10 Biggest economic problems in Nigeria
Nigeria’s economy is ranked the largest in the whole continent of Africa with emerging markets in different sectors including technology, communication, financial, and entertainment. However, this does not reflect in the standard of living of its citizens due to various economic problems it’s facing. Nigeria’s economy grows at an average of 2% while the population …
Richest States in Nigeria by GDP (2023)
Nigeria has the largest economy in Africa by Gross domestic product (GDP). With over-dependence on oil and a very large population, the country still struggles despite its comfortable lead. In this article, we look at the richest states in Nigeria by Gross Domestic Product (GDP). What is Gross Domestic Product (GDP)?Gross domestic product mostly known …
10 Smallest states in Nigeria
Nigeria is the largest economy in Africa and the most populated black nation on the planet. The country has a landmass of 923,768 square kilometres and is one of the continent’s biggest countries by size. Nigeria has 36 states and a Federal Capital Territory, the country is located in the west African region close to …
Nigerian SEC rules on offering platforms, issuance & custody of digital assets
The Nigerian Securities and Exchange Commission (SEC) on May 20, 2022, released rules aimed at formalizing the digital asset space. The new rules were to set a standard for regulating, among others, digital currencies and virtual assets. The new SEC rules of May 2022 are named the “Issuance, Offering Platforms, and Custody of Digital Assets …
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Top 10 biggest supermarkets in Nigeria (2023)
Nigeria is one of the largest economies in Africa, with a thriving retail industry. The country is home to many large retail stores that offer a wide range of products to customers. From electronics to groceries, these retail markets cater to the diverse needs of consumers in Nigeria. In this article, we will discuss the …
Ease of doing business in Nigeria (Latest & historical data)
The ease of doing business is an index created by World Bank. The index ranks countries of the world on the conduciveness of regulatory environment, and protection of property rights. The lower the rank of a country, the better. A high rank is a bad indicator. The lowest rank is number one, which effectively means …
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