Only 1.3% of informal businesses make ₦2.5m profit/month - Report

Only 1.3% of informal businesses make ₦2.5m profit/month – Report

Business conditions stagnate as PMI contracts in August

Only 1.3 percent of Nigerian informal businesses reach over ₦2.5 million monthly profit, a new report on the informal economy has revealed. According to the Informal Economy Report 2024, compiled by Moniepoint, this network of unregistered businesses, contributing over half of the country's GDP

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