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Nigeria

Automotive, Transportation and Warehousing

In the present era, the market in Nigeria is at an increasing stage. However, with the effective growth in the number of second hand and fresh passenger and commercial vehicles in the region, the Lubricants Market has increased over the recent past years. Moreover, the Nigeria Baby Food Industry in the country is majorly fueled by the growing disposable income of the people, significant rise in the awareness among the parents to give the healthier food to the babies, increase in the internet retailing among the other aspects. The market is predicted to present positive growth and pursue to improve in the coming years.

Nonetheless, the Nigerian Remittance Market is registered by the International remittance. The United States, Unites Kingdom and the European regions are the foremost sources of the remittance in the country. An increasing number of migrants have a direct and positive impression on the growth of the remittance industry. Moreover, internal migration is also on the increase in the country. The existence of jobs and migration have collectively encouraged the growth of the international as well as domestic remittance industry.

The growth in the industrial and communication segments have considerably provided an increase in job opportunities in Nigeria. Whereas, in the lubricants market the penetration of Nigeria Used Car Market and the demand for more frequent lubricant transformations in the older vehicles as associated with the newer models underwrote to the volume requirement of the automotive lubricants in the country.

The requirement of the lubricants of the domestic market is met by both the global players as well as autonomous marketers in the country. The global players functioning in the country had a foremost share in the market share in terms of the sales volume as equaled to the independent marketers. However, the Lubricants Market Future Outlook is encouraging owing to the crude oil prices augment, Nigeria’s region is anticipated to increase at a higher rate and therefore the purchasing power of the individual is also anticipated to augment in the near years.

Additionally, the Nigeria Lubricant Market will be fueled by the numerous stages being taken by the legal authorities such as initiatives to augment the luxury of doing business which will boom up the manufacturing segment happenings, the Nigeria Economic Recovery and Growth Plan (ERGP) to accentuate speculation in infrastructure, particularly in power, roads, rail, ports and broadband networks and projected Family Homes Fund is considered to encourage the construction segment.

Sideways, the international remittance market is a greatly competitive market. In the Nigeria international remittances are accepted through banks and international MTOs. However, the growth in the market throughout the forecast period can be accredited to influences such as growing number of international migrants, more engagement occasions in cities which occasioned in internal migration and snowballing usage of the mobile and internet in the country.

Therefore, with the above-stated markets, it is anticipated that the market in Nigeria will increase more positively over the coming years.


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  1. Quarterly Beverage Tracker First Quarter 2019: Nigeria

    31 Pages| May 2019 |
    USD 995
    GlobalData's Nigeria Quarterly Beverage Tracker Q1-19 covering soft drinks, dairy drinks, hot drinks and alcoholic drinks is an essential tool for keeping up-to-date with the latest industry performance and developments on a quarterly basis. Learn More
  2. Nigerian National Petroleum Corp - Strategic SWOT Analysis Review

    38 Pages| June 2019 |
    USD 125
    Nigerian National Petroleum Corp (NNPC) is a state-owned vertically integrated oil and gas company. It explores, produces, refines, transports and markets oil, refined petroleum, petrochemicals and associated by-products. Learn More
  3. Aerospace & Defense in Nigeria

    33 Pages| December 2018 |
    USD 350
    Aerospace & Defense in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17, and forecast to 2022). Learn More
  4. Banks in Nigeria

    41 Pages| February 2019 |
    USD 350
    Banks in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size . The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pr Learn More
  5. Construction in Nigeria: Key Trends and Opportunities to 2023

    49 Pages| April 2019 |
    USD 1495
    The Nigerian construction industry recovered in 2017 and 2018, after registering a gloomy performance in 2016. The industry registered growth of 1% and 2.3% in real terms in 2017 and 2018 respectively. Learn More
  6. City Profile - Lagos ; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail.

    35 Pages| March 2019 |
    USD 250
    Lagos is the most populous city in Nigeria. Lagos metropolitan area or Greater Lagos is a statistical division and not an administrative unit. The state is divided into 20 local governments and 37 local council development areas to implement governan Learn More
  7. Nigeria: Country Intelligence Report

    41 Pages| March 2019 |
    USD 990
    Nigeria: Country Intelligence Report, a new Country Intelligence Report by GlobalData, provides an executive-level overview of the telecommunications market in Nigeria today, with detailed forecasts of key indicators up to 2023. Learn More
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