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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 ...
Nigeria joined the IMF on March 30, 1961. [1] Nigeria is Africa's most populous country, with 222.182 million citizens. [1] The nation's IMF quota stands at 2454.5 million (SDR) along with its special drawing rights amounting to 3702.34 million (SDR). [1] As of July 2023, Nigeria experienced a 3.2 GDP change. [2]
The Nigeria Union of Journalists (NUJ) urged Tinubu to address the dispute with the ASUU. [21] On 25 June 2024, 1,800 petrol stations were shut down in northeastern Nigeria, after the Independent Petroleum Marketers Association of Nigeria (IPMAN) began a strike in protest against an anti-smuggling operation by the Nigeria Customs Service (NCS).
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]
President Biden will deliver remarks Friday evening about the state of the economy and the most recent jobs report, which showed the country added a whopping 256,000 jobs last month. This report ...
Investors looked ahead to more data on inflation and earnings to gauge the strength of the economy and corporate profits as the Fed continues to tighten. ... Stock market news live updates: Stocks ...
Here are some of the biggest stories in the market today. Broadcom Keeps Soaring Among large companies, the top performer today is Broadcom (Nasdaq: AVGO), which is up 1.7%.
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]