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Nigeria

At a glance

  • Capital

    Abuja

  • Currency

    Nigerian Naira (₦, NGN)

  • Official Languages

    English (official language)

  • Population Size

    230,842,743 (2023)

  • Ease of doing business

    Moderate

  • VAT

    7,5%

About

Nigeria is a diverse and resource-rich country located on the Gulf of Guinea in West Africa. Renowned for its natural beauty, Nigeria is home to wildlife reserves such as Cross River and Yankari National Parks. As the largest oil exporter in Africa and holder of the continent’s biggest natural gas reserves, Nigeria plays a critical economic role both regionally and globally.

With around half of West Africa’s population, Nigeria offers an expansive and dynamic market for companies considering global expansion. Its multi-ethnic, culturally rich federation is made up of 36 states, each offering unique opportunities for international businesses.

Mauve Group provides tailored support for companies entering the Nigerian market, offering Employer of Record (EOR) services, global payroll services, and payroll outsourcing solutions. Whether you’re employing staff overseas, navigating international compliance, or managing payroll in Nigeria, Mauve helps simplify operations and reduce risk through expert local guidance.