Category: Business

Rice Producing States in Nigeria

rice farming in nigeria

Rice is produced in almost all the states in the country and currently there are 29 out of the 36 states engaged in the cultivation of rice. Based on the Agricultural Performance Survey in 2017, the estimated cropped area for rice was 3.90 million hectares, which represented an increase of about 6.9 percent over the […]

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Western States in Nigeria & All about Them

yoruba states in nigeria

The Western part of Nigeria is also known as the South West. It consists of 6 states namely Lagos, Ogun, Oyo, Osun, Ondo and Ekiti states. The major cities in this zone include the likes of Lagos, Ibadan, Akure, Abeokuta, Ogbomoso, Osogbo and Ado-Ekiti. The largest Western state is Oyo State with a size of […]

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Size of Nigeria and Her 36 States

smallest states in nigeria

Nigeria is a geographical area with a total land area of 983,213 km2. Currently, there are over 180 million people living in the country’s six geopolitical zones. These zones are made up of 36 states and a Federal Capital Territory. In this post, we take a look at these 36 states and their respective sizes. […]

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Nigerian Furniture Market

Nigerian Furniture Market

The Nigeria Furniture Market is a thriving one thanks to the government’s decision to place an embargo on the importation of furniture into the country. The goal of the decision to ban the importation was to protect the local industries involved in the manufacture of these furniture items and this has been of huge benefit. […]

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Forex: The Best Way to Invest

Forex: The Best Way to Invest

About Foreign Exchange Market Forex stands for foreign exchange market. It works on principle “buy cheap, sell expensive” just like other markets. Traders exchange one currency for another, making a profit on the difference in exchange rates. In the foreign exchange market, there are always market participants, which continuously carry out the transactions. Thanks to […]

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History of Fuel Scarcity in Nigeria

History of Fuel Scarcity in Nigeria

Despite being the largest producer of crude oil in Africa, scarcity of petroleum products is an incessant problem in Nigeria. Usually, fuel scarcity happens prior to a hike in fuel prices. As a result, we will be taking a look at fuel scarcity in the light of the history of fuel price hikes. One of […]

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Economic History of Nigeria (Pre-colonial Era to Date)

economic history of nigeria

Some of the adjectives used to describe the current state of the Nigerian economy include some of these – middle-income, emerging and mixed economy. Over the years, Nigeria has gone through many stages of economic growth and in this post, we’d like to take a look at how this. Economic History of Nigeria Looking back […]

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