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Good Morning Nigeria: E-commerce a pillar for the services sector

​E-commerce a pillar for the services sector

Although broadband penetration in Nigeria is still very low at 10%, the country is likely to experience steady growth of 3G access. The 3G network enables access to the internet over mobile devices at a data speed of 2Mbps. As access expands, it should have a transformative impact on Nigeria’s growing e-commerce market. According to the Nigerian Communications Commission (NCC, the regulator), active internet subscription via GSM was estimated at 97.1 million in September, equivalent to penetration of 57%.

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FBNQuest
FBNQuest

In today's rapidly changing financial environment, we believe our clients need a financial partner they can rely on to provide clear guidance, progressive thinking and innovative products. Our in-depth and qualitative research covers macroeconomics, fixed income and equities, offering timely market commentary and detailed analyses of the local economy, major sectors listed on the Nigerian Stock Exchange (NSE) and the Federal Government of Nigeria bond market. Our sound recommendations are based on a thorough and objective analysis of the relevant companies within the context of their respective industries, the local market and international peer set. Our research is well recognized and acclaimed for its value and integrity, as we provide existing and prospective investors access to reliable, independent, quality research to aid investment decision-making and strategy development.

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