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The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. [ 29 ] [ 30 ] It is ranked as the 53rd-largest economy in the world in terms of nominal GDP , the sixth largest in Africa and the 27th-largest in terms of ...
The Economic Community of West African States (ECOWAS) is a regional, political and economic union of fifteen countries in West Africa, covering an area of 5,114,162 km 2 (1,974,589 sq mi) and with an estimated population of over 387 million in 2019. Established in 1975, ECOWAS aims to achieve collective self-sufficiency for its member states ...
Protests began peacefully across Nigeria in States such as Lagos, Kaduna, Kano, Gombe Jigawa, Bornu, and the capital Abuja but turned violent after the Nigeria Police Force shot tear gas and live bullets at protesters in Abuja in an attempt to disperse them. [37] A journalist identified as Jide Onyekunle was arrested. [23]
Nigeria's economy is the fourth largest in Africa, the 31st-largest in the world by nominal GDP, and 30th-largest by PPP. In 2022, its GDP (PPP) per capita was US$9,148, [156] which is less than South Africa, Egypt and Morocco, but slightly higher than Ghana and Ivory Coast. As of 2023, Nigeria's economy is classified as lower-middle-income. [157]
The base year for calculation (including information on the market structure) was updated from 1990 to 2010. [3] [2] This was a fairly huge increment in base year; for comparison, the 2010 Ghana GDP rebasing updated the base year from 1993 to 2006, [6] [7] and the 2015 India GDP rebasing updated the base year from 2004/05 to 2011/12.
FT Nigeria 1-2 Ivory Coast. 22:24, Mike Jones. We’re still waiting for the trophy presentation. The stadium is heaving, it’s packed, there’s singing and dancing in the stands.
Its economy booms from the oil industry in the Niger Delta, and is said to be the leading economy in Africa in 2020. [25] Although Nigeria's economy is doing well, research has proven 35 percent of the population live in absolute poverty. [26] Approximately, 90 million Nigerians are believed to live on less than one US dollar a day. [27]
International Criminal Court Prosecutor Karim Ahmad Khan becomes the first person to have economic and travel sanctions placed on him by the U.S. government following an executive order signed by U.S. President Donald Trump intended to target the war crimes tribunal over investigations of U.S. citizens or allies. (The Times of Israel) Politics ...