Nigeria

[vc_row][vc_column width=”1/2″][vc_column_text]

Nigeria

We offer a data-driven country report for Nigeria that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Nigeria.[/vc_column_text][vc_column_text]

Its population in 2018 was 195,875,237 [1]

In 2015, 86.64% of its total energy
consumption was renewable [2]

In 2021, its GDP grew by 3.65% [2]

In 2021 it had a negative Current
Account Balance of US$bn 3.71 [3]

Its unemployment rate in 2021 was 0.00% [3]

[/vc_column_text][vc_column_text]


What free trade areas or economic unions is it a member of?

Member of the African Continental Free Trade Area (AfCFTA) since 07/07/2019

Other members:

Benin, Burkina Faso, Cameroon, Chad, Congo, Côte d'Ivoire, Djibouti, Egypt, Equatorial Guinea, Eswatini, Ethiopia, Gabon, Gambia, Ghana, Guinea, Kenya, Mali, Mauritania, Namibia, Niger, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, Togo, Uganda, Western Sahara, Zimbabwe


What trade deals are there between African Continental Free Trade Area and other countries and economic unions?

None

Member of the Economic Community of West African States (ECOWAS) since 28/05/1975

Other members:

Benin, Burkina Faso, Cabo Verde, Côte d'Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Senegal, Sierra Leone, Togo


What trade deals are there between Economic Community of West African States and other countries and economic unions?

None

[/vc_column_text][vc_column_text]
What trade deals are there with other countries and economic unions?

None

[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text]

Identifying Customer Needs and Bringing Credit Services to the Unbanked Citizens of Nigeria

CFI.co in conversation with Dr ‘Tunde Popoola, Group Managing Director/CEO of CRC Credit Bureau Limited, a private-owned credit bureau based in Lagos, Nigeria. Nigeria’s CRC Credit Bureau Limited is on

Community, Commitment, Christian Values — and a Sincere Desire to be True to Modern Management

Lagos Business School holds its head high and stands firm on its core beliefs to create balanced, compassionate leaders of industry. Nigeria’s Lagos Business School (LBS) is a community committed
Read more

First Registrars & Investor Services Limited: Thriving in a Challenging World

Business, around the world, is no longer “as usual”. With some of the recent challenges, it has become a question of survival of the fittest. Rules of the game are

Bayo Olugbemi: A Prodigy of Great Repute, Creating a Lasting Legacy

That Nigeria is blessed with immense wealth is never in doubt: men and women of remarkable business integrity and brilliance, of outstanding grit, dedication, enviable character, values and principles. These,
Read more

The Access Bank UK Limited: Focus on Customer Service and Innovative Solutions

A moderate appetite for risk and a passion for serving its customers is standing The Access Bank UK Ltd in good stead. The Access Bank UK Ltd is a wholly

Ahmed ‘Tunde Popoola, CRC Credit Bureau: Nigerian Firm Well-Established — and There for the Long Haul

When Ahmed ‘Tunde Popoola became pioneer Managing Director of Nigeria’s CRC Credit Bureau Ltd in 2008, he identified a gap in the market. A lack of credit information and reporting
Read more

YOA Insurance Brokers: Changing the Insurance Narrative — and Upscaling Professionalism

YOA Insurance brokers started out over 20 years ago with the mission to provide risk management services in Nigeria’s oil, gas, and energy sectors. The company has expanded its expertise

Access by Name, Access by Nature: Bank Building Bridges and Solid Relationships

The Access Bank UK Ltd, a wholly-owned subsidiary of Access Bank Plc, a Nigerian Stock Exchange-listed company, provides trade finance, commercial and private banking, and asset management products and services
Read more

PwC – Nigeria’s Local Government System: Challenges and Opportunities Abound

To most Nigerians, June 12, 1993 — Democracy Day — is a date that brings bitter-sweet memories. It is remembered as the date when, after 14 years of military rule,

CRC Credit Bureau Fizzes where Others Falter – Covid Pandemic Notwithstanding

CRC Credit Bureau Ltd (CRC) is a fully licensed credit bureau operator with tested and trusted solutions. The private limited liability company, led by Dr Ahmed ‘Tunde’ Popoola, has operated
Read more
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_column_text]

Trade with the United Kingdom

Source: UK Office for National Statistics, October 2022.

Contains public sector information licensed under the Open Government Licence v3.0.

[/vc_column_text][/vc_column][vc_column width=”1/3″][/vc_column][/vc_row]
CFI

Recent Posts

UK Inflation Rate

[vc_row][vc_column][vc_column_text] UK inflation rate - Consumer Price Index including owner occupiers’ housing costs (CPIH) A…

5 years ago

UK Global Trade By Country – Imports (million £)

[vc_row][vc_column][vc_column_text] UK Global Trade By Country - Imports (million £) [/vc_column_text][vc_column_text][/vc_column_text][vc_column_text]Source: UK Office for National…

5 years ago

UK Global Trade By Country – Exports (million £)

[vc_row][vc_column][vc_column_text] UK Global Trade By Country - Exports (million £) [/vc_column_text][vc_column_text][/vc_column_text][vc_column_text]Source: UK Office for National…

5 years ago

Total Investment by Country (percent of GDP)

[vc_row][vc_column][vc_column_text] Total Investment by Country from 2012 to 2021 (percent of GDP) Total investment is…

5 years ago

Foreign Direct Investment (FDI) net inflows by country from 2013 to 2020 (percent of GDP)

[vc_row][vc_column][vc_column_text] Foreign Direct Investment (FDI) net inflows by country from 2013 to 2020 (percent of…

5 years ago

Imports of Goods and Services by Country (percent of GDP)

[vc_row][vc_column][vc_column_text] Imports of goods and services from 2013 to 2021 (percent of GDP) Imports of…

5 years ago