Sector
Consumer Trade
Wholesale, modern retail, open markets, e-commerce and trade finance — the cash-flow backbone of consumer Nigeria.
5 sub-sectorsNeutralRisk: Moderate
Market size
₦58.0T
YoY growth
+11.6%
Forecast (12m)
+12.4%
EBITDA margin
7.4%
Sentiment score
+18
Risk score
42/100
Sector summary
Wholesale, modern retail, open markets, e-commerce and trade finance — the cash-flow backbone of consumer Nigeria.
Key drivers
- ●Digital wholesale platforms
- ●Modern retail expansion
- ●Trade finance liquidity
Top risks
- ●FX for trade goods
- ●Credit risk on retailers
- ●Border policy