Nigeria’s Retail Sector Sees Growth as Consumer Spending Rises

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Nigeria’s retail industry recorded a noticeable uplift in sales activity in early 2026, driven by increased consumer demand during festive and post‑festive periods, industry analysts say. Retailers reported stronger foot traffic and higher transaction volumes, particularly in food & beverage, electronics, and fast‑moving consumer goods categories.

Market watchers attributed the boost to a slightly higher disposable income, easing inflation on essential goods, and greater adoption of digital payment platforms that encourage faster, cashless transactions.

While challenges such as logistics costs and fluctuating exchange rates persist, experts believe the retail rebound signals improving domestic demand and consumer confidence, which can support broader economic recovery.

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