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Venezuela and Iran lead globally with ultra-cheap diesel under $0.01, as Libya tops Africa’s chart at $0.028
  • Venezuela and Iran offer diesel at nearly free prices, charging just $0.004 and $0.006 per litre respectively, the lowest globally.
  • Libya leads Africa with diesel priced at only $0.028 per litre, making it the third cheapest worldwide.
  • Six African countries—Libya, Algeria, Egypt, Angola, Nigeria and Sudan—feature in the global top 20 for the lowest diesel prices.
  • Nigeria ranks 17th globally, with diesel priced at $0.658 per litre, despite recent subsidy removals and price hikes.

Venezuela, Saudi Arabia, and Iran hold over 50% of the world’s 1.57 trillion barrels in recoverable crude oil reserves, with Nigeria among top 10
  • The world’s total proven recoverable crude oil reserves stand at 1.57 trillion barrels in 2024.
  • Venezuela, Saudi Arabia, and Iran collectively hold over 50% of these reserves, with 303.2B, 267.2B, and 208.6B barrels respectively.
  • Nigeria ranks 10th globally with 37.3 billion barrels, placing it ahead of other major producers like Kazakhstan, China, and Brazil.
  • The majority of the largest reserves are concentrated in Middle Eastern and South American countries, with only a few top holders located in North America, Africa, and Asia.

Canada’s study permit approvals dropped by 31% in 2024, with Nigeria, India, and the Philippines experiencing significant reductions
  • Canada announced a reduction in international student approvals in 2024, citing housing and resource pressures.
  • Global approvals dropped nearly 31% from 681.5k in 2023.
  • Nigerian approvals dropped 36%, ranking among the highest declines. India (-39.7%) and Nepal (-48.8%) were also major declines.
  • Canada plans to issue 437,000 study permits in 2025, 10% lower than 2024’s cap.
  • The UK, US, and local universities may see more Nigerian applicants.

China and India have been the top sources of international students in the US since 2001, now making up a combined 54%
Since the 1950s, the top sources of international students in the US have changed, with Canada initially leading, followed by Iran in the 1970s, Taiwan and Japan in the 1980s and 90s, and China and India taking the lead from the 2000s onward. China and India account for a combined 54% of the total international students in the US as of the 2023/2024 academic year. By 2021, Nigeria entered the top ten, reaching 7th place by 2024.

Inflation rate: Nigeria ranked 9th out of 184 countries and territories as of September 2024
Argentina's inflation rate dropped to 209% in September 2024 from 237% in August, slightly easing costs. Despite this, the South American country still has the highest inflation rate of the 184 countries and territories ranked. Nigeria's inflation rate stands at 32.7%, ranking 9th globally and 4th in Africa after South Sudan, Zimbabwe, and Malawi.

The UK has received over one million cumulative asylum applications worldwide since 2001
The cumulative number of asylum applications to the UK has exceeded one million, with Iran, Afghanistan, Iraq, Pakistan, and Albania being major contributors. African countries such as Eritrea, Somalia, Zimbabwe, the DR Congo, and Nigeria have also been in the top ten. These are the top ten nationalities in the past 23 years.

Indians had the most Canadian work permits with a 32% share; Nigeria was among the top ten as of December 2023
As of December 2023, Indians accounted for one in three holders of Canadian work permits, representing 32% of the total (1.76 million). Ukraine followed with almost 10%. Nigeria came 8th, with 2% of the permit holders.  

Nigerians accounted for 1 in every 27 individuals granted Canadian permanent residency status in 2023
Canada granted permanent residency to 471.8k individuals in 2023, with Indian citizens leading with nearly 30% of the total. Nigeria (3.7%), Cameroon (2.5%), and Eritrea (2.3%) were in the top ten recipients.    

Academic IELTS-performing countries: Nigeria ranked joint fifth among the top countries in 2022
Nigerian academic IELTS test takers scored an average of 6.7 out of 9 in 2022, placing the country joint 5th globally with Ghana, Hong Kong, and Indonesia. Spanish academic IELTS test takers topped the list with an overall score of 7.1.

Nigerian students rank third in Canadian study permit recipients for 2023, surpassing Philippines and Nepal
In 2023, Nigerian students emerged as the third-highest recipients of Canadian study permits, behind India and China. This marked a jump from their fifth position in 2022, when 16,105 study permits were issued to its citizens. India maintained its position as the top source country, followed by China. The Philippines, Nepal, and France retained their places in the top ten.

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