Bite-sized Insights about
 
Providing you with data-based insights about things happening around you.
Search results for
Local companies have consistently contributed most of Nigeria’s Company Income Tax payments since 2016
  • Local companies dominated CIT contributions in most years, accounting for over 50% of payments in 9 of 11 periods between 2015 and 2025 (Q1–Q3).
  • Foreign companies briefly closed the gap in 2023, contributing 49%, the closest they have come to matching local firms.p
  • Local companies recorded their strongest share in 2021 at 65%, marking the widest gap between local and foreign contributors.
  • “Other payments” peaked during the pandemic, rising to 17% in 2020 before dropping to 0% from 2022 onward.

Nearly 60% of X’s Ad audience across Africa’s top 10 markets is concentrated in Nigeria, Egypt, and South Africa
  1. Nigeria ranks first with 7.3 million estimated users — over 2.8 million more than Egypt.
  2. Egypt (4.5 million) and South Africa (3.1 million) follow, forming the top three markets.
  3. The top three countries account for nearly 60% of the total users across the ten listed countries.
  4. The gap between first (7.3 million) and tenth (Tunisia, 322,000) is more than 6.9 million users, highlighting wide market disparities.

Silverbird Ikeja led the region with ₦1.1bn in ticket sales and the most cinema admissions in 2025
  • Ogun has become Nigeria’s second-largest industrial centre, with major clusters in Ota, Sagamu, and Ifo.
  • Limestone mining triggered a boom in cement production and heavy industry.
  • Infrastructure-Enabled Expansion: strategic projects such as the Oyan Dam and the Agro-Cargo Airport supported industrial and demographic growth.
  • Rapid population growth, particularly from Lagos spillover, fuelled labour supply and urban development.

Silverbird Ikeja led the region with ₦1.1bn in ticket sales and the most cinema admissions in 2025
  • Nigeria has nine of the top ten highest-grossing cinemas in Anglophone West Africa.
  • Lagos hosts six of the top ten cinemas and leads the region in both revenue and admissions.
  • Silverbird Ikeja recorded the highest revenue (₦1.1 billion) and the highest admissions (217,000).
  • Cinema chains control all top ten positions, showing strong brand dominance across the region.

The South West hosts over a quarter of Nigeria’s universities, with Ogun as the core hub
  • The South West hosts 82 of Nigeria’s 309 universities (27%), the largest share nationwide.
  • Ogun State alone accounts for 24 universities, nearly one in every three institutions in the South West.
  • The South West has 18 more universities than North Central (64), the second-highest zone.
  • The gap between the highest zone (82) and the lowest zone (21) is 61 universities, underscoring the regional imbalance.

After three years of decline, China-Nigeria export trade hit a new peak of $24.9bn in 2025
  • Export value more than doubled from $9.72 billion in 2016 to $24.91 billion in 2025.
  • Trade rose steadily between 2016 and 2019, then surged sharply in 2021.
  • Exports declined for three consecutive years (2022–2024) after the 2021 peak.
  • 2025 marks the highest export value in the ten-year period.

China's top 10 African export destinations take about 66% of its exports to the continent in 2025
  • Nigeria leads by a clear margin, receiving the highest export value at $24.91bn.
  • Large, diversified economies dominate the top tier, with South Africa and Egypt ranking among the biggest destinations.
  • Resource-linked trade remains significant, with countries like Liberia and Algeria absorbing substantial export value.
  • Trade reach is geographically diverse, spanning West, East, and North Africa, including GhanaTanzaniaKenyaMorocco, and Guinea.

The Nigeria Football Federation (NFF) is to receive 1.1% of the 2026 sports budget
  • The NFF’s allocation of ₦2.31 billion is under 1.1% of the total sports budget.
  • The National Sports Commission HQ gets the most, with ₦203.6 billion, over 96% of the total.
  • The National Institute for Sports is to receive ₦4.12 billion, highlighting minimal federal investment in sports development.
  • Budget heavily favours administration over football development and grassroots programs.

Lagos had one licensed cinema for every 337,000 people in 2025
  • Lagos alone hosts 51 licensed cinemas, accounting for over half of all exhibition premises in the dataset.
  • The next three states—Ogun, FCT, and Rivers—combined have just 30 cinemas.
  • Only five states have five or more licensed cinemas, highlighting strong geographic concentration.
  • Several large states have two cinemas or fewer, pointing to limited formal exhibition infrastructure outside key urban hubs.

The Nigerian Army commands over half of Nigeria’s proposed 2026 defence budget, more than every other force combined
  • The Army has been allocated ₦1.50tn, more than half of the top-ten defence allocations, making it the backbone of Nigeria’s security spending.
  • The Navy (₦443.9bn) and Air Force (₦407.2bn) come next, but together they are far behind the Army.
  • Institutions like the Defence Intelligence Agency, Training and Doctrine Command, and Defence Missions receive meaningful but much smaller funding, reinforcing their support-role status.
  • The Defence Space Administration (₦37.3bn) is on the table, but its small size shows Nigeria is only cautiously stepping into cyber- and space-based security.

1 2 3 41

Can’t find what you’re looking for? Please fill the form below
Contact Form Demo
SIGN UP TO OUR NEWSLETTER
Get periodic updates about the African startup space, access to our reports, among others.
Subscribe Here
Subscription Form

A product of Techpoint Africa. All rights reserved