Following an April 2014 statistical “rebasing” exercise, Nigeria has emerged as Africa’s largest economy, with 2013 GDP estimated at US$ 502 billion. Oil has been a dominant source of government revenues since the 1970s.

With a population of about 173 million people, Nigeria is the largest country in Africa and accounts for 47% of West Africa’s population. It is also the biggest oil exporter in Africa

The World Bank Group has stated that most states across Nigeria have continued to implement regulatory business reforms , with Cross River, Ekiti, Niger, Ogun, and Rivers making the biggest stride.

You are likely to meet a variety of different business structures in Nigeria — depending on the country of origin of the company you are dealing with. Subsidiaries of multi-nationals will probably take on many of the characteristics of the parent company but will still have a local flavour. 

A guide to the variou company structures that can be implemented in Nigeria.

FAQs about business registration in Nigeria

This page summarizes Doing Business 2016 data for Nigeria including registration procedures

A guide to corporate witholding taxes

The Personal Income Tax Rate in Nigeria stands at 24 percent.

Withholding tax is applicable to both residents and non-residents.

The Sales Tax Rate in Nigeria stands at 5 percent.

The VAT is a consumption tax levied at each stage of the consumption chain, and is borne by the final consumer. It requires a taxable person upon registering with the Federal Board of Inland Revenue to charge and collect VAT at a flat rate of 5% of all invoiced amounts of taxable goods and services.

The Corporate Tax Rate in Nigeria stands at 30 percent.

ONLINE VISA APPLICATION REQUIREMENTS AND PROCEDURE

HOW TO APPLY FOR A NIGERIAN VISA

Telecommunications in Nigeria include radio, television, fixed and mobile telephones, and the Internet.

Nigeria Telecom is a leading provider of VoIP over broadband Internet, VSAT satellite and Fibre for enterprise customers across the country.

Catching local transport in Nigeria – transport tips on getting around Nigeria like a local

Tips on getting to and getting around Nigeria from real travelers and locals.

Long embroiled in political corruption, government waste and military conflicts over its abundant resources, the Federal Republic of Nigeria often fails to uphold the workers’ rights its legal code outlines.

Labor provisions of the Labour Act – 1990

Planning to take up a job in Nigeria. What about labourlaws?

Cost of living in Nigeria is 36.09% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Nigeria is 40.58% lower than in United States

List of prices in Lagos (Nigeria) for food, housing, transportation, going out, and more

Although Nigeria lies wholly within the tropical zone, there are wide climatic variations in different regions of the country. 

Nigeria, in western Africa, has a climate and weather that largely is not dependent on topographical features but varies by the interaction between the moist, northerly air coming off of the Atlantic Ocean and the drier air arriving from the south.

Nigeria is notorious for the poor level of safety found within its borders, and it comes as no surprise that even those expats seasoned by years of travel find themselves asking: “Is it safe to work in Nigeria?

Travel advisory for Nigeria from the Canadian goverment

See “Etiquette and Customs in Nigeria” on this site

Research proper etiquette facts in Nigeria. Find out how what to wear, how to act, and tip guidelines for dining. 

A profile of the education system in Nigeria from the United States government

Public holidays foer 2016

List of Public National and regional Holidays observed in Nigeria during 2016

Demographic statistics

Demographic profile from the CIA

Education in Nigeria is the shared responsibility of the federal, state and local governments. The Federal Ministry of Education plays a dominant role in regulating the education sector, engaging in policy formation and ensuring quality control.

Nigeria is the most populous country on the African continent and also the fastest growing export market in the region. 

Import export regulations from Nigerian customs

Global System of Trade Preferences among Developing Countries (GSTP)

This site gathers key information on Nigeria’s participation in the WTO. Nigeria has been a WTO member since 1 January 1995 and  a member of GATT since 18 November 1960.

Extended Stay Hotels • All-Suite Hotels • Short Term Housing

Travel information and advisories from the US Embassy

The British Foreign and Commonwealth Office advise against all travel to areas of northeast Nigeria, and against all but essential travel to some other