Economy

Nigeria Rises To 4th In Africa’s Trade Rankings –

In the most recent Africa Trade Barometer, Nigeria has made significant progress, advancing from eighth to fourth place in the country rankings.

This report, shared by Stanbic IBTC Holdings Plc, analyzes key economic indicators across Africa, shedding light on noteworthy developments in various African nations.

The Africa Trade Barometer 2023 Issue Three provides valuable insights into Africa’s trade dynamics and opportunities, offering a comprehensive overview of Nigeria’s role in shaping the continent’s trade landscape.

The rankings are determined based on seven thematic categories: trade openness, access to finance, macroeconomic stability, infrastructure, foreign trade, governance economy, and trade financial behavior.

Changes in a country’s ranking are influenced by shifts in their aggregate score and relative position compared to other countries in the index.

The rankings are relative to the top 10 countries in the index and are scored on a scale from 0 to 100. South Africa holds the highest tradability index, while Angola has the lowest.

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