Nigeria Black Market Value: $1.69 Billion

World Average: $15.54 Billion

Click on the market value to see source.

   




Data on Nigeria


Top Ivory Trade Countries in 2009

Filed under: Africa, Asia, Environmental

According to the WWF, Nigeria, the Democratic Republic of the Congo and Thailand are the three top countries in 2009 that were involved in the selling of elephant ivory.

Source: “Worry over ivory trade increase,” WWF, November 17, 2009.

Over 500 people kidnapped in Nigeria in first half of 2009

Filed under: Africa, Humans

According to Nigeria’s Police Affair Minister, over 500 people were abducted in kidnap and ransom cases in the first 6 months of 2009.

The ransom demands range between $700,000 to $3 Million, although negotiations usually bring down the actual payments.

Source:  Aderogba Obisesean, “Now it’s not just oil workers under threat from Nigeria’s kidnappers,” Telegraph, October 28, 2009.

Kidnappers in Nigeria earned over $100 million over two years

Filed under: Africa, Humans

Kidnappers in Nigeria were able to generate over $100 Million in ransom payments from 2006 to 2008.

Source:  Gilbert de Costa, “Police Implicated in Nigeria Kidnapping,” VOA News, September 24, 2009.

Oil Theft losses in Nigeria

Filed under: Africa, Environmental

Nigeria loses up to $1.5 billion a year to oil theft and illegal smuggling.

Source:  Benoit Faucon, “Niger Delta’s Oil Theft More Sophisticated,” Dow Jones Newswire, February 27, 2009.

55 million barrels of oil lost in Nigeria each year

Filed under: Africa, Environmental

Up to 55 million barrels of oil is lost in Nigeria each year to theft or smuggling.  The illicit activity of stealing oil and selling it on the black market is known as “bunkering”.

Source: AFP, “Organized crime plundering West Africa: UN,” Google News, July 7, 2009.

Price of Marijuana in Africa

Price is in US Dollars, and represents the typical price of Marijuana in Africa.

Country Wholesale Price
(per kilogram
Retail Price
(per gram)
Egypt 35.5 2.7
Kenya 96.9 0.2
Nigeria 20 0.2
South Africa 22.7 0.1

Source: UNODC, “World Drug Report 2009: Section 3.4 Prices, pages 215 to 234,” June 2009.

Price of Cocaine in Africa

Price is in US Dollars and represents the typical price of Cocaine in Africa.

Country

Wholesale Price
(per kilogram

Retail Price
(per gram)

Egypt

62,179.2

78.7

Kenya

NA

31.3

Nigeria

19,610

32.5

South Africa

NA

35.4

Source:  UNODC, “World Drug Report 2009: Section 3.4 Prices, pages 215 to 234,” June 2009.

Price of Heroin in Africa

Prices are in US Dollars and represent the typical price of heroin in Africa.

Country Wholesale Price
(per kilogram)
Retail Price
(per gram)
Kenya 16,145.4 1.9
Egypt 14,212.4 11.5
Libya 39,370.1 NA
South Africa NA 25.5
Zimbabwe NA 27.1
Nigeria 20,780 26.4

Source: UNODC, “World Drug Report 2009: Section 3.4 Prices, pages 215 to 234,” June 2009.

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