How big is the Nigeria E-commerce Market?

The Nigeria E-commerce Market size is expected to reach USD 8.53 billion in 2024 and grow at a CAGR of 11.82% to reach USD 14.92 billion by 2029. Read More

What is the current Nigeria E-commerce Market size?

In 2024, the Nigeria E-commerce Market size is expected to reach USD 8.53 billion. Read More

Who are the key players in Nigeria E-commerce Market?

Zikel Cosmetics, Chrisvicmall, Soso Games, Bonoamour and Ajebomarket are the major companies operating in the Nigeria E-commerce Market. Read More

What years does this Nigeria E-commerce Market cover, and what was the market size in 2023?

In 2023, the Nigeria E-commerce Market size was estimated at USD 7.52 billion. The report covers the Nigeria E-commerce Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nigeria E-commerce Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

E-commerce in Nigeria Market

E-commerce in Nigeria Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Market Report Covers E-Commerce Statistics in Nigeria and is Segmented by B2C E-Commerce (Beauty and Personal Care, Consumer Electronics, Fashion and Apparel, Food and Beverages, and Furniture and Home) and B2B E-Commerce. The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

Nigeria E-commerce Industry Overview

The Nigerian e-commerce market is fragmented, with significant players like Zikel Cosmetics, Jumia International, Slot Systems Limited, Ajebomarket, and Chrisvicmall. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

June 2024 - Jumia, Nigeria's premier e-commerce platform, unveiled a state-of-the-art warehouse and logistics network in Isolo, Lagos. Spanning 30,000 square meters, the facility boasts 17,000 square meters of covered storage space.
May 2024 - Jumia, Africa's premier e-commerce platform, unveiled two new Buy Now, Pay Later (BNPL) collaborations in Nigeria. The first is with Newedge (Easybuy), a pioneering finance entity, and the second is with CredPal, a prominent fintech player in Nigeria. These alliances are set to broaden the reach of Jumia's marketplace to Nigerian consumers. By offering the option to split payments over a defined period, Jumia eliminates the need for immediate payment, making purchases more accessible. Moreover, these partnerships are poised to catalyze the adoption of cashless transactions within the Jumia ecosystem.