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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]
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What free trade areas or economic unions is it a member of?
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
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
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What trade deals are there with other countries and economic unions?
None
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Africa needs investment to advance sustainable development and see the continent prosper. James Zhan, Astrit Sulstarova and Mathabo le Roux argue that the nature and volume of foreign investment flows
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Jamie Simmonds is the founding CEO and Managing Director of The Access Bank UK. He is an associate of the Chartered Institute of Bankers, a Certified Financial Adviser and a
PwC recently published a report in conjunction with the Lagos State Chamber of Commerce and Industry (LCCI) on the key macro-economic challenges in Nigeria. PwC reviewed the impact of low
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With more than 150 years of experience in dairy leadership, FrieslandCampina has a strong footprint in Africa; proactively building its presence and increasing its scale and reach throughout the continent.
Overall, activity in the oil and gas industry across the African continent has slowed in the wake of the declining prices in late 2014. Oil production in Africa has fallen
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