Press releases and emails

  • Informal Retailers in Nigeria: An untapped mine of opportunity?
    Informal Retailers in Nigeria: An untapped mine of opportunity? 6/15/2017

    For a long time now, there has been growing interest in Nigeria as the fasting growing African nation. Lagos state alone is now the sixth (6th) largest economy in Africa worth $131bn GDP and third (3rd) largest mega city in the world behind Mumbai and Tokyo. The pace of this growth has been astonishing and mirrors the growth of the Country itself, with the Nigerian GDP rocketing from $166 in 2006 to $296 in 2017; making up around 20% of the GDP for the entire African content. This growth is despite a fall in GDP over the past couple years due to the severe drop in crude oil prices. 

  • Home décor &giftware expo; a platform for sustainable development in the African retail industry
    Home décor &giftware expo; a platform for sustainable development in the African retail industry 4/26/2017

    Despite the current economic challenges in Africa, the Retail market was the 3rd largest contributors to Nigeria’s GDP, while Nigeria recorded the highest retail sale of $125bn in the sub Saharan African during 2016.