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PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5]
The following table presents a listing of Nigeria's 36 states ranked in order of their estimated total GDP in ... ₦7.96 19.72 51.52 ... 24 Osun State: ₦2.30 5.69 ...
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 ...
A fan of the United States is cheering after the Women's Gold Medal match between Brazil and the United States of America during the Olympic Games Paris 2024 at Parc des Princes on August 10, 2024 ...
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]
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]
News Central TV is a Nigerian independent 24-hour news and media television channel based in Lagos, Nigeria. The parent company, News Central Media, was founded in 2017 by Anthony Dara. It began broadcasting in August 2018. Its primary focus is producing news and current affairs programs on Nigerian and global issues.
Gunmen killed 24 villagers in a remote part of north-central Nigeria, authorities said on Sunday, raising further concerns about the West African nation’s ongoing security challenges. Police ...