Mining is big business in Africa and a cornerstone of many national economies. It accounts for a quarter of GDP in the Democratic Republic of the Congo, and in Botswana the figure has been as high as 40%. Yet despite the huge potential for deposits of precious metals, base metals, coal and iron ore, the Nigerian mining sector contributed only...
With a variety of both local and foreign firms, Nigeria’s pharmaceutical market comprised more than 130 active companies in 2017, including global giants such as GlaxoSmithKline and Procter & Gamble, as well as smaller domestic start-ups. Although there is a heavy presence of drugs producers, the country still faces a significant shortfall...
What is the biggest bottleneck facing fast-moving consumer goods (FMCG) production in Nigeria?
Comprising major food and consumer staples producers, Africa’s largest cement manufacturers, and a handful of heavy industries and light manufacturing, Nigeria has a diversified industrial sector. According to data from the Nigerian Investment Promotion Commission (NIPC), the country is home to the largest manufacturing sector on the continent...
As Africa’s largest and most populous economy, with a vibrant private sector and vast natural resources, Nigeria has strong potential for growth. However, that potential is consistently hindered by an underdeveloped utilities sector. Providing utilities remains one of Nigeria’s greatest challenges, as a sizeable portion of the population is...
The retail sector in Nigeria is based on the latent potential of Nigeria’s population, currently estimated at 184m and growing. Firms hoping to cater to that block of consumers must overcome challenges such as finding land to build retail space, importing goods and managing currency risk. The naira, under pressure since the drop in oil prices...
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