Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 22nd-largest in terms of purchasing power parity.

Nigeria is widely known for its petroleum production and exportation as a major source of the nation’s economy accounting for about 95% of foreign exchange income and 70% of government revenue. This black nation remains the largest oil producer in Africa and the 12th largest producer in the world.
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