​ For decades, the narrative of Nigeria’s economy was written in "black gold." However, in the bustling metropolis of Lagos, the story has shifted. As of 2025, Lagos stands as a beacon of economic diversification, boasting a GDP of approximately $136 billion a figure that would make it the fifth-largest economy in Africa if it were a country. Remarkably, this wealth is no longer tethered primarily to oil. Instead, Lagos has transformed into a service-oriented powerhouse where

Lagos is more than just Nigeria’s economic engine; it is a global cultural powerhouse and a burgeoning industrial hub. From the high-fashion runways of Victoria Island to the bustling manufacturing zones of Ikeja, the "Made in Lagos" label is increasingly becoming a mark of quality and creativity. However, transitioning from a successful local brand to a global competitor requires a strategic blueprint that balances regulatory compliance with aggressive brand positioning.   1

Rising from the Atlantic Ocean on 10 million square meters of reclaimed land, Eko Atlantic City  is perhaps the most ambitious engineering project in African history. Often dubbed the "Dubai of Africa," it promises a future of glass skyscrapers, paved roads, and 24/7 power. But for the modern investor, the question remains: Is it a sustainable dream or a gilded mirage?. The foundation of Eko Atlantic’s sustainability is the Great Wall of Lagos , an 8.5-kilometer sea defense b

Lagos is a city that never sleeps, but more importantly, it is a city that never stops trading. Beyond the gleaming glass towers of Victoria Island and the tech hubs of Yaba lies the true engine of the Lagosian economy: the informal sector. Often dismissed as "unorganized" or "marginal," this sector is, in reality, a sophisticated, resilient, and indispensable network that powers West Africa's largest economy. In 2025, recent data from the Moniepoint Informal Economy Report  

Lagos is a megacity in a state of constant reinvention. As of 2025, several "generational" projects are reaching critical milestones, moving the city from a state of perennial congestion toward a more integrated, globally competitive economy. Stretching approximately 38 kilometers , the Fourth Mainland Bridge is designed to be the second-longest bridge in Africa. It will connect Lagos Island through Lekki and Ikorodu to the Lagos-Ibadan Expressway. ​ Economic Impact:  By bypa

In the vibrant tech hub of Lagos, often dubbed "Silicon Lagoon," the journey from a garage-based startup to a market-leading scale-up is a high-stakes marathon. The transition requires more than just a great product; it demands a sophisticated approach to capitalization and a masterful handle on investor relations. The Nigerian startup ecosystem has matured, offering a tiered funding structure: ​ The Pre-Seed/Seed Stage:  At this level, founders often rely on "Bootstrapping"

Lagos, the commercial heartbeat of Nigeria, is a city defined by perpetual motion a relentless cycle of commerce, innovation, and development. For decades, the narrative of the city’s economic power was strictly anchored to the Lagos Island trinity: the high-stakes trading floors of Lagos Central Business District (CBD) , the financial powerhouses of Victoria Island (VI) , and the old-money influence of Ikoyi . Today, a new map is being drawn. The geographic centre of economi

For decades, the narrative of the Nigerian economy was written in oil. However, in 2025, a new script has taken center stage. Lagos has transitioned from being a mere consumer of global culture to one of the world’s most influential exporters of creativity. The "Creative Economy," spanning film (Nollywood), music (Afrobeats), and fashion, is projected to reach a staggering $15 billion valuation  by the end of this year, contributing significantly to the nation’s non-oil GDP.

For Lagos-based forex traders, the Naira’s performance against major foreign currencies, particularly the USD, is defined by a landscape of persistent high volatility , driven primarily by structural economic challenges and the Central Bank of Nigeria’s (CBN) evolving policy interventions. The market remains fundamentally segmented, with a critical distinction between the Nigerian Foreign Exchange Market (NFEM) the unified official rate and the resilient, liquidity-driven Pa

Lagos, as the undisputed economic engine of West Africa, faces a paradoxical challenge: a vast, youthful population coexisting with a persistent shortage of adequately skilled labor  across key growth sectors like technology, manufacturing, and services. Bridging this talent gap is paramount for the state to sustain its economic competitiveness and realize its vision as a global megacity. The core issue stems from a disconnect between the skills acquired through formal academ

To step into the markets of Lagos Island specifically the labyrinthine expanse of Balogun Market is to step into the beating heart of West African commerce. It is a sensory overload: a cacophony of hawkers' cries, the insistent blare of horns, the scent of fresh fabrics mingling with sweat and diesel. Here, in the sprawling alleyways and beneath precarious storefronts, flows the lifeblood of Nigeria’s informal economy, a system so complex and resilient that it simultaneousl

Lagos, Nigeria’s economic heartbeat, has earned the moniker "Africa's Silicon Lagoon," a title that reflects the astonishing growth and dynamism of its technology startup ecosystem over the past decade. This meteoric rise has positioned the city as the continent's most critical hub for innovation, attracting billions in venture capital and fostering a generation of world-class entrepreneurs. The ecosystem’s strength lies not just in its sheer volume of activity but in its abi

Running a business in Lagos can be exciting and rewarding, but navigating the tax landscape is one of the most important responsibilities every entrepreneur must master. As Nigeria’s commercial capital, Lagos has an advanced taxation structure designed to support development, drive accountability, and regulate business operations. However, many entrepreneurs especially new or small-scale founders often struggle to understand what taxes apply to them, how to file correctly, an

In recent years, sustainability has become a key conversation in Lagos, driven by environmental concerns, innovation demands, and a growing global push for responsible business models. The shift is visible across industries from real estate to fashion, hospitality, waste management, and technology. Entrepreneurs and corporate organisations are increasingly adopting eco-friendly approaches that not only reduce environmental footprints but also enhance profitability and long-te

Over the past decade, cryptocurrency has rapidly transformed from a niche digital experiment into a global financial force, and Nigeria has been at the forefront of this evolution. With one of the highest cryptocurrency adoption rates in the world, Nigeria’s business landscape has undergone significant changes shaped by blockchain technology, digital currencies, and decentralised finance. For Nigerian businesses small, medium, and large the rise of crypto has created opportun

As Africa’s largest economy and one of the continent’s most vibrant commercial hubs, Lagos has become a magnet for international investors seeking new opportunities in finance, logistics, entertainment, real estate, and technology. But succeeding in Lagos goes beyond business strategy it requires understanding the cultural nuances, communication style, and professional etiquette that shape how deals are done. Lagos is energetic, fast-paced, and driven by relationships. For ne

Lagos has become the beating heart of Africa’s financial technology revolution, transforming how millions of people and businesses access financial services. Over the past decade, the city has evolved into a dynamic tech capital where innovation, venture capital, and digital adoption are accelerating at an unprecedented rate. Today, Lagos is home to some of the continent’s most successful fintech brands Flutterwave, Paystack, Interswitch, Kuda, Moniepoint, PiggyVest, OPay and

Lagos has earned its place as the economic heartbeat of Nigeria and one of Africa’s leading commercial hubs. With a population well over 20 million and a vibrant blend of innovation, entrepreneurship, and corporate growth, the city has become a magnet for professionals, investors, and business visionaries. Business networking in Lagos is not just a practice it is a culture, a lifestyle, and a strategic gateway into a thriving environment where ideas meet opportunities. Over t

In today’s fast-paced digital world, social media has become more than just a place for sharing photos or connecting with friends it has evolved into a powerful business tool. In Lagos, Nigeria’s economic powerhouse, social media is transforming how businesses operate, connect with customers, and build brand loyalty. From tech startups in Yaba to fashion boutiques in Lekki and food vendors in Surulere, the digital shift is redefining commerce across the city . Lagos is often

Lagos, Nigeria’s bustling commercial hub, has rapidly become the heartbeat of Africa’s digital economy. Startups in Lagos are redefining business models, driving innovation, and positioning the city as a tech hub in Africa. From fintech and e-commerce to health tech and creative industries, Lagos-based startups are leveraging technology to solve local problems and scale their solutions globally. This digital transformation is not only impacting the economy but also influencin