Fashion - Intelpoint

Real GDP grew from ₦205.1 trillion in 2019 to ₦217.8 trillion in 2024, a modest 6% rise.
Nominal GDP jumped from ₦205.1 trillion to ₦372.8 trillion over the same period, an 82% increase.
The gap between nominal and real GDP widened sharply after 2021, reaching ₦155 trillion in 2024.
Nominal GDP has grown year-on-year, with the steepest jump between 2023 (₦314.0 trillion) and 2024 (₦372.8 trillion).
Inflationary pressures have driven nominal gains, masking subdued real economic expansion.

Jewellery demand made up 81.35% of Egypt’s total gold demand between 2010 and 2024.
The highest jewellery demand was recorded in 2010 at 53 tonnes, and no year since has reached that level.
Jewellery demand declined by 50.75% between 2010 and 2024.
Bar and coin demand saw a sharp 700% increase between 2021 and 2022.
In 2023, bar and coin demand hit a record high of 30.3 tonnes and, for the first time, exceeded jewellery demand.
Overall, bar and coin demand rose by 943.48% between 2010 and 2024.

The North Central zone accounts for the highest share of road accidents in Nigeria, contributing 34.55% of the national total.
Within the North Central zone, Abuja (FCT) recorded the most accidents, with a cumulative total of 8,133 cases.
The South West zone ranks second, responsible for 25.78% of all accidents nationwide, with Ogun State leading the zone at 6,418 accidents.
The South East zone has the lowest share, contributing just 5.38% of total accidents from Q2 2020 to Q2 2024.
Enugu State, the highest contributor within the South East, accounts for only 1.59% of the national total.

Over six MPC meetings from February to November 2024, the MPR rose cumulatively by 875 basis points, ending the year at 27.5%.
The pace of increases slowed after March: from 200 bps (Feb–Mar) to just 25 bps (Sept–Nov), reflecting a tapering hike strategy.
Since November 2024, the CBN has maintained the rate at 27.5% across four consecutive MPC meetings into July 2025.
The 2024 cycle was dominated by aggressive rate hikes aimed at stabilising inflation and exchange rate volatility.
The CBN’s interest rate strategy appears more restrained in 2025, indicating a possible pause phase in the monetary policy cycle.

Anambra’s IGR grew sevenfold in 16 years, reaching ₦42 billion in 2024.
A ₦26B to ₦42B jump in just six years (2018–2024) indicates accelerating growth.
The most dramatic jumps occurred post-2018, pointing to possibly new fiscal reforms or policies.
Between 2014 and 2024, revenue grew by over 300%, from ₦10B to ₦42B.

Administrative & support services showed the highest percentage increase at 21.07%.
Agriculture is the largest sector by GDP value, at ₦59.31 trillion.
Trade is the second largest sector by GDP value, at ₦37.81 trillion.
Real estate is the third largest sector by GDP value, at ₦28.96 trillion.
Other services experienced negative growth, decreasing by -1.17%.
Electricity, gas, steam and air conditioning supply recorded the lowest positive growth at 0.56%.

Total Trade Volume in Q1 2025 stood at ₦36.02 trillion, with exports totalling ₦20.6 trillion and imports at ₦15.4 trillion, resulting in a surplus of ₦5.17 trillion.
Crude oil dominates Nigeria’s export trade, accounting for the largest share of export revenue. -
Other petroleum oil products are also a major export item, reflecting the significance of both raw and refined oil-based commodities in Nigeria’s trade portfolio. -
On the import side, manufactured goods dominate, showing Nigeria’s continued reliance on foreign machinery, technology, and consumer goods.
While Nigeria exports mostly raw and oil-based products, it imports refined, processed, or industrial goods, indicating a structural trade gap and limited local industrial capacity. -
Agricultural and raw material goods feature on both sides of trade, but their value is significantly less than petroleum-related trade.

Nigeria’s FAAC revenue increased 49% YoY in March 2025 (₦1.68T vs ₦1.12T in March 2024).
February 2025 saw a 48% increase YoY (₦1.70T vs ₦1.15T in February 2024).
April 2025 revenue rose by 41% YoY, moving from ₦1.12T in April 2024 to ₦1.58T.
January 2025 showed no YoY change, recording ₦1.42T in both 2024 and 2025.
The consistent growth in H1 2025 FAAC revenues signals improved government revenue mobilisation, better oil/non-oil collections, and higher capacity for states to meet obligations.

Nigeria’s exchange rate gain revenue dropped by 73.2% in H1 2025 compared to H1 2024.
In April 2025, exchange rate gain fell by 90% year-on-year from ₦285.5B to ₦28.7B.
May saw an 81% drop, with revenue declining from ₦438.9B in 2024 to ₦81.4B in 2025.
January 2025 was the only month with a stable figure, matching January 2024’s ₦402.7B.
Exchange rate gain revenue for February and March 2025 was unavailable, likely worsening the total.
The first half of 2025 generated only ₦589.4B in FX gains, compared to ₦2.2T in the same period in 2024.

Lagos alone accounts for nearly 25% of all Nigerian states’ external debt, totalling $1.17 billion.
The combined debt of Lagos, Kaduna, and Edo is larger than the sum of the debts of the bottom 30 states.
States like Yobe, Abuja, and Jigawa each owe less than $25 million externally, indicating minimal foreign exposure.
Cross River, Rivers, and Ogun round out the top six debtors, each with external debts around [$190–210] million.
Just eleven states owe over $100 million each, while the majority owes less than that threshold.
Despite 36 subnational governments, the federal government’s $40.98 billion external debt is over 8x that of all states combined.

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