Real GDP growth was estimated at 2.3% in 2019, marginally higher than 1.9% in 2018. Growth was mainly in transport, an improved oil sector, and information and communications technology. Agriculture was hurt by sporadic flooding and by conflicts between herdsmen and local farmers. Manufacturing continues to suffer from a lack of financing. Final household consumption was the key driver of growth in 2019, reinforcing its 1.1% contribution to real GDP growth in 2018.
In the end of 2019, the Nigerian banking sector represented a total asset of $ 102.8 billion.
In the end of 2019, credit distributed to businesses represents $47 billion and, more broadly, credit to private sector totaling $62.2 billion.
The Nigerian Stock Exchange accounts 181 listed companies, representing, at the end of 2019, a market capitalization of $43.9 billion.