Economy

Nigeria is the largest African country in terms of the size of the economy. GDP is estimated at $ 520 billion, according to 2013 estimates, but its economy depends on oil production as a primary resource for revenues since the 1970s and therefore it is the most oil-producing country affected by the decline in oil prices in global markets, where revenues declined The government has deteriorated the value of the local currency.

Investment

The most important laws that regulate foreign investment in Nigeria are the Investment Promotion Commission Law No. 16 of 1995 and the Foreign Exchange Law No. 17 of 1995.

Investment opportunities in Nigeria include (9) major sectors: transportation, energy, minerals, manufacturing, tourism, financial services, telecommunications, agriculture, and the oil and gas sector.

Investment laws provide incentives in the manufacturing, mining, and telecommunications sectors, the most important obstacles for investors are instability of economic policies after the low oil price and restrictions that the Nigerian Central Bank introduced to foreign exchange trading. As a result of these restrictions, the American Investment Bank (JP Morgan) announced a decision to remove Nigeria from the list of countries.

Registered in the government bond index for emerging markets known as (GBI-EM) as of the end of October 2015.