The article discusses the impact of increase in Gross Domestic Product (GDP) rebase of Nigeria on business opportunities for investors and being more attractive in every financial and economic model w...
Table 1 Descriptive Statistics of Data for Estimation STATISTIC GDPN MMKT CMKT FOREX TCRE Mean 3749487. Financial development and the economies of oil-dependent African economies: the case of Nigeria He said Mr Akihimmien Isibor of the Grassroots Development Party of Nigeria (GDPN) polled 1, ...
Others, such as Kenya, Ghana, Nigeria, Tunisia, Namibia, Botswana, Zimbabwe and Ivory Coast, are tiny in the global context and shares in these countries are more difficult for private investors to access. How to get into Africa It is difficult to invest directly in African-specific portfolios...
China’s recent post-COVID-19 reopening is driving a consumer rebound, supporting regional and global growth. We expect China’s economy to grow 5.8 per cent in 2023, up from 3.0 per cent in 2022. Household consumption is likely to contribute 4-4.5ppt to this year’s GDP growth, up fro...
Nigeria’s GDP The GDP of Nigeria is $432.3 billion, which equates to a GDP per capita of $206. The African country is ranked 125 out of 127 on the Economic Complexity Index (ECI). Nigeria’s Top 5 Commodity Exports Crude Petroleum –$30 billion Petroleum Gas – $5.89 billion Refined...
Renaming a government's ministry alone won't achieve much. So, it is imperative that the Nigerian government support the lofty move with sufficient investment in digital technologies if it truly desires to turn its economy around. This is one area Nigeria needs to learn from China where the ...
Nigeria is a middle-income country with over 200 million citizens. Not only is the country the most populous black nation, but it also has the biggest economy with an estimated gross domestic product(GDP) figure at $514.076 billion. Real Estate investment is one of the easiest means its citi...
Nigeria,the first African country to roll out a CBDC, launched eNaira in October 2021. Sub-Saharan Africa is poised to adopt CBDCs. The widespread use of M-PESA, a mobile money transfer service, has established a strong social and financial infrastructurefor the potential future use of CBDCs...
Our team have also put together dozens of economic overviews where you can learn about a nation’s GDP, top exports, and top imports, such as: Austria’s Economic Overview Hungary’s Economic Overview China’s Economic Overview India’s Economic Overview Australia’s Economic Overview Nigeria’s...
Nigeria Turkey You’ll notice that all four of these appeared in the Next Eleven category – think of MINT as an update to N-11. The economic outlook for MINT countries is bright: Goldman Sachs predicts that all four nations could be inside the top 20 economies by 2050, with ...