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Nigerian Economy

What does Nigeria import?

What does Nigeria Export?

17.6% Petroleum oils, refined

8% Cars

3% Wheat & Meslin

2% Telephone

2% vehicles for transporting goods

75% Petroleum oil

10% Petroleum gas

4.5% Petroleum oil refined

1.4% cocoa beans

1% platforms for drilling

  • 75% Petroleum oils, crude
  • 10% Petroleum Gases
  • 4.7% Petroleum oils, refined
  • 1.4% Cocoa Beans
  • 1% Floating or subemerssible drilling platforms

Levels of Employment

Businesses that operate in Nigeria

  • First Bank Plc
  • Guaranty Trust Bank Plc
  • United Bank for Africa
  • Guinness Nigeria
  • Nestlé Nigeria
  • Access Bank
  • Dangote Cement
  • Zenith Bank PLC
  • Ecobank Transnational Incorporated
  • Nigerian Breweries Plc

UNEMPLOYMENT RATE

The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force.

Other facts about the Nigerian economy

  • Nigeria is a middle income emerging market.
  • The Nigerian economy is expanding in the financial, communications and entertainment sectors.
  • It is ranked 30th, in the world in terms of GDP from 2012.
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