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Economy & Business
Nigeria's economic sectors, major companies, financial system, and trade and informal economy.
- Sectors
- Major Companies & Institutions
- Financial System
- Trade & Informal Economy
Articles
Dangote Group grew from a Lagos trading business Aliko Dangote started in 1977 into Dangote Industries Limited, incorporated in 1981, now a diversified conglomerate…
The Naira: Nigeria's Currency History
The naira replaced the Nigerian pound on 1 January 1973 at ₦2 to £1, completing a decimalisation begun under military rule. Since then it…
The Nigerian Exchange (NGX): Structure and History
Founded on 15 September 1960 as the Lagos Stock Exchange and renamed the Nigerian Stock Exchange in December 1977, Nigeria's bourse demutualised on 10…
Nigeria's informal economy — unregistered markets, transport, artisans and micro-enterprises operating outside formal tax and regulatory systems — is estimated at 42.5% of GDP…
Agriculture was Nigeria's economic backbone before the oil boom, and remains its largest employer and, on rebased 2019-base figures, its single biggest GDP sector…
Nigeria's oil and gas sector, centred on Niger Delta crude discovered at Oloibiri in 1956, remains the country's dominant export earner and a major…
Nigeria's Technology & Startup Ecosystem
Centred on Lagos and its Yaba tech cluster, Nigeria built Africa's largest startup ecosystem by deal volume, home to fintech firms Flutterwave, OPay, Moniepoint…
Established by the Central Bank of Nigeria Act 1958 and operational from 1 July 1959, the CBN sets monetary policy, issues the naira and…