Population: 14,862,000

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Banking and Finance in Lagos: What do you need to know?

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From retail banking to investing, here's what nine local experts had to say about finance in Lagos.

Lagos is a world class destination and has most jobs. Even though it’s not the biggest state in the country Lagos remains the most popular and major financial centre. Lagos remained it’s status as capital when Nigeria obtained its independence from Britain in 1960. It was the capital of Nigeria from 1914 to 1991.

HELPFUL REPORT

Lagos is the most popular city in Nigeria. It is a highly populated city where daily people are always in a hurry. Lagos is the business capital of Nigeria. There are so many industries there which makes it the financial centre which handles eighty percent of the country import and export businesses.

HELPFUL REPORT

Lagos, Nigeria’s largest city, sprawls inland from the Gulf of Guinea across Lagos Lagoon. Victoria Island, the financial center of the metropolis, is known for its beach resorts, boutiques, and nightlife. To the north, Lagos Island is home to the National Museum Lagos, displaying cultural artifacts and craftworks. Nearby is Freedom Park, once a colonial-era prison, and now a major venue for concerts and public events.

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Named by the Portuguese, Ruy de Sequeira, in the 1400s upon his visit, Lagos is the economic hub of Nigeria. Lagos is a major financial centre for all of Africa. It is the sixth-largest city in the world by city population, and is also known for its beach resorts, nightlife and activity. Though it is the smallest state in the country, Lagos remains the most populous in Nigeria.

HELPFUL REPORT

It is a huge megacity with a population of over 20,000,000 people. It is the financial centre of the Nigeria. It is known for its nightlife and beach resorts. It is known as very busy. It has a bad transport system. It is perfect for great business start up.

HELPFUL REPORT

Lagos is a beautiful city with hospitable people, beautiful landscape, good hotels for every budget, loves to have fun and has many night spots for night crawlers. Due to the population of my city, the city experiences a lot of vehicular traffic which could be frustrating. My city is known for its peace.

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Lagos is a major financial centre in Africa; the megacity has the highest GDP, and houses one of the largest and busiest ports on the continent. As of 2019, the Lagos Metropolitan Area is the largest in Africa and one of the largest in the world. It is known for business, commerce and trading.

HELPFUL REPORT

Lagos is very busy and lively. In fact, it is well known in Nigeria as a city alive with a lot of hustle and bustle. Lagos is a city where businesses thrive; big, small and even medium-sized. It is also possible for its thriving nightlife. Arguably, it is the most populated city in Nigeria, because it’s where most Nigerians believe they have to go to make their financial dreams come through.

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Lagos is the largest city in Nigeria. It is one of the largest growing cities in the world and one of the most populous urban centers. From above the city looks like any modern city. The city is dominated by modern, high-rise offices, surrounded by miles of sprawling suburbs, linked by busy roads.

At street level, the air is filled with noise from generators, that power the city owing to the unreliable energy supply, motorbikes, and yellow minibus taxis.

Despite Lagos no longer being the capital of Nigeria it retains its importance as the center of trade and commerce. Eighty percent of Nigeria’s industry is within Lagos. It remains the main financial center of West Africa. The city has an international airport and an important seaport.

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Banking and Finance in Lagos: What do you need to know?

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