Which geopolitical zone has the highest number of council areas in Nigeria? The geopolitical zone with the highest number of Local Government Areas in Nigeria is North-West (186), followed by Southwest (137), Southsouth (123) 3rd, Northcentral (121) 4th, followed by Northwest (112), and Southeast with 95 LGAs has the lowest. How many council areas are in Nigeria? … Read more
Nigeria’s population was 140,431,790 according to the 2006 census conducted by the National Population Commission (NPC). By the National Bureau of Statistics estimates, the country’s population had grown to 193,392,517. Takeaway: The population of the North-West is 723,027 more than the population of North-East and South-East zones combined. The population of the North-West puts the … Read more
Adamawa, Bauchi, Borno, Gombe, Taraba, and Yobe States combined are sitting on 272,451km², thereby making the Northeast the largest geopolitical zone by land area in Nigeria. Takeaway: In terms of landmass, Northeast Nigeria is larger than Qatar, Jamaica, Lebanon, Luxembourg, Singapore, Gambia, Swaziland, and Israel combined The zone faces the deadliest security challenges. Though, every part of Nigeria faces all kinds of insecurity. … Read more
The six geopolitical zones as we have today in Nigeria is not anywhere mentioned in the 1999 Constitution, but it has become an unwritten rule in the power rotation among the regions The geopolitical structure is now a major division principle for Nigeria’s educational, political, and economic resources, even among the political parties. What Is Geopolitical Zone? A geopolitical … Read more
Lagos is the smallest state in Nigeria with 3,345km², followed by Anambra (4,844km²); Imo (5,530km²); Ebonyi (5,670km²), and Abia with 6,320km². The land size of the 10 smallest in Nigeria combined is 66,328, which is less than the size of Niger or Borno State. This means Bayelsa, Osun, Enugu, Akwa Ibom, Ekiti, Abia, Ebonyi, Imo, Anambra … Read more
What Are The Biggest States In Nigeria? In terms of land area, five of Nigeria’s biggest states are Niger, Borno, Taraba, Kaduna, and Bauchi. All the 10 biggest states in Nigeria are located in the Northern region. In terms of land area, Niger State is the biggest with 76,363km², followed by Borno (70,898km²); Taraba occupies the … Read more
Stamp duties are taxes paid on written and electronic instruments or documents relating to an act performed or required to be performed in Nigeria. In Nigeria, stamp duty is backed by law which is called the Stamp Duties Act (SDA) Cap. S8 LFN 2004. In this article, we’ll also discuss the process of paying stamp duty … Read more
There are 134 firms on the main board of the Nigerian Exchange (NGX). The figure spreads across 11 sectors. Financial services have the lion share with 44 issuers, followed by service which has 22 companies while companies under the consumer goods are 20; companies under the industrial goods are 11. Others that have the same … Read more
The Nigerian Exchange is classified into four, each of which has different listing criteria and standards set by The Exchange. Issuers on NGX do not belong to the same group, but with the same purpose (raising capital). An investor who is very familiar with the operations of the NGX will be able to say the … Read more
In 2010, the Securities and Exchange Commission (SEC)sent a letter to the Nigerian Stock Exchange now Nigerian Exchange (NGX) for the approval of the commencement of the new Alternative Securities Market (ASeM). It was the third market classification to be introduced to be capital market by The Exchange. Small and Medium Scale Enterprises played a … Read more