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Africa.Table Feature Economy

Moving beyond oil: What Nigeria’s recent NGN 100 trillion market capitalization milestone means

Despite the war in Iran, Nigeria’s economy is holding up well. The country is becoming less dependent on oil and increasingly diversifying its growth sectors.

SJ
Silas Jonathan
19. May 2026
Nigerian President Bola Tinubu at the Africa CEO Forum in Kigali in mid-May. (picture alliance / Anadolu | Nigerian Presidency / Handout)

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Last updated: 19. May 2026

Nigeria
Fintech
Focus on Iran
Economic growth