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Why Nigeria urgently needs to grow non-oil exports

The economy of Nigeria has had to navigate a major crisis that started with the collapse of oil prices in 2014 and was worsened by the ongoing restiveness in the oil rich Niger-Delta region.

Nigeria orders S.Africa's MTN to refund $8.13 bln

Nigeria's central bank has ordered South African telecoms giant MTN to refund $8.13 billion (6.96 billion euros) that it allegedly illegally repatriated and fined four banks involved in the transfer.

How Africa's largest city is failing its older people

Urbanisation is spreading across Africa at great speed. Projections suggest that more than half of the total population will live in urban areas by 2050. Urbanisation in Nigeria is happening at a particularly astonishing ...

Silicon Valley eyes Africa as new tech frontier

With its colourful hammocks and table tennis table, a new tech hub in the Lagos metropolis wouldn't look out of place among the start-ups on the other side of the world in Silicon Valley.

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Nigeria

Nigeria i/naɪˈdʒɪəriə/, officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in the north. Its coast in the south lies on the Gulf of Guinea on the Atlantic Ocean. The three largest and most influential ethnic groups in Nigeria are the Hausa, Igbo and Yoruba. In terms of religion Nigeria is roughly split half and half between Muslims and Christians with a very small minority who practice traditional religion.

The people of Nigeria have an extensive history. Archaeological evidence shows that human habitation of the area dates back to at least 9000 BCE. The area around the Benue and Cross River is thought to be the original homeland of the Bantu migrants who spread across most of central and southern Africa in waves between the 1st millennium BCE and the 2nd millennium.

The name Nigeria was taken from the Niger River running through the country. This name was coined by Flora Shaw, the future wife of Baron Lugard, a British colonial administrator, in the late 19th century.

Nigeria is the most populous country in Africa, the seventh most populous country in the world, and the most populous country in the world in which the majority of the population is black. It is listed among the "Next Eleven" economies, and is a member of the Commonwealth of Nations.

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