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Key Takeaways:

The US' trade deficit with Nigeria narrowed significantly, shifting from a $5.14 billion deficit in 2017 to a $1.69 billion surplus in 2024.
US goods exports to Nigeria reached $4.2 billion in 2024, representing a 92% increase from the $2.2 billion recorded in 2017.
US goods imports from Nigeria totalled $5.9 billion in 2024, a 20% decrease from the $7.3 billion recorded in 2017.
The COVID-19 pandemic severely disrupted bilateral trade in 2020, but both imports and exports began recovering steadily from 2021 onwards.
By 2024, trade had rebounded substantially, with US imports from Nigeria reaching $5.87 billion and exports to Nigeria reaching $4.17 billion.
Despite experiencing persistent trade deficits from 2017 through most of the period, the US achieved trade surpluses with Nigeria in 2020 and 2021.
Total goods trade between the US and Nigeria ranged from $4 billion to approximately $10 billion.

Key takeaways:

Zenith Bank Plc led the profitability ranking with a Profit After Tax (PAT) of ₦1.03 trillion.
Guaranty Trust Holding Company followed closely with ₦1.02 trillion in PAT.
Each of the top six banks recorded profits exceeding ₦600 billion.
The total PAT for the top ten banks rose by 53%, from ₦3.39 trillion in 2023 to ₦5.54 trillion in 2024.
FCMB Group Plc was the only bank among the top ten to record a year-on-year decline in PAT.
Ecobank, First Holdco, Fidelity Bank, and Wema Bank each recorded over 100% growth in PAT compared to 2023.

Key takeaways:

Ecobank Transnational Incorporated ranks first with total assets of ₦43.3 trillion, marking a 67% increase from 2023.
Access Holdings Plc ranked the second-largest bank in 2024, as against the first in 2023.
The combined assets of the top five banks amount to ₦171.6 trillion, a 55% increase from 2023.
These five institutions represent the largest players in Nigeria’s banking sector by total assets as of 2023 and 2024.
The increase in total assets of the top ten banks ranges from 34% to 67% year on year.
The assets of the top ten listed public banks rose by 54% in 2024.

Nigeria spent $6 million on its first post-independence census in 1962.
There is no publicly available data on the amount spent during the 1991 census.
By 2006, census spending had surged to $266 million, highlighting a significant increase in the cost of national population counts.
The budget for the upcoming 2025 census has not yet been disclosed.
In April 2025, President Tinubu inaugurated the National Census Committee and gave a three-week deadline to submit a detailed report.

Key takeaways:

Kano State received the highest allocation at ₦1.23 billion, accounting for 5.7% of the total NPHCDA Gateway fund.
Katsina followed closely with an allocation of nearly 4%.
Five of the top ten recipient states are from Southern Nigeria, while the other five are from the Northern part of Nigeria.
Southern states (Osun, Oyo, Anambra, Akwa Ibom, and Imo) featured prominently, together receiving approximately 19% of the total disbursement.
The top ten states collectively received ₦8.30 billion, representing 38.6% of the total fund.
In total, ₦21.51 billion was disbursed to all states under the NPHCDA Gateway in 2024.

Key takeaways:

Kano State received the highest individual allocation, totalling ₦1.43 billion, which accounts for 6% of the overall disbursement.
The North-West region received the largest regional share, with ₦7.16 billion of the total NHIA Gateway Fund.
The South-West received the smallest regional allocation, amounting to nearly 10% of the total.
The top ten recipient states collectively received ₦10.07 billion, representing 42.1% of the entire fund.
The Southern regions collectively received 42% of total disbursement.
The total NHIA Gateway Fund disbursed in 2024 amounted to ₦23.92 billion.

Key Takeaways:

Kaduna led national corn production on average, contributing 8% of total output, between 450,000 and 947,000 metric tons.
Niger, Gombe, Borno, Plateau, and Taraba followed closely, each accounting for 5–6% of the total output on average.
Corn production is heavily concentrated in the North-Central and North-East regions.
Kaduna and Niger together accounted for 14% of Nigeria’s corn output on average.
The top 10 corn-producing states, all located in northern Nigeria, on average contributed 47% of the national total.
Southern states such as Osun and Ondo contributed modest but notable shares, each representing 3% of national production on average.

Key takeaways:

Kano State received the highest allocation, totalling ₦2.67 billion, which accounts for 5.9% of the entire fund.
Nine out of the top ten recipient states are located in Northern Nigeria.
Enugu is the sole Southern state to appear among the top ten beneficiaries.
The top ten states collectively received ₦16.94 billion, representing 37.3% of the total fund disbursed.
In total, ₦45.43 billion was disbursed to all 36 states and the FCT in 2024.

Nigeria’s currency has undergone 10 key shifts; from note introductions to redesigns and a digital launch.
Between 1999 and 2005, four new notes; ₦100 to ₦1,000, were introduced in response to inflation.
The ₦200, ₦500 & ₦1,000 notes, which dominate in circulation by value, were revamped with high-security features.
In 2021, Nigeria launched the eNaira, making it the first African country with a Central Bank Digital Currency.

Key Takeaways:

Petroleum products (crude oil and other oil products) dominated Nigeria's export landscape in 2024, accounting for 88.26% of total export value.
Agricultural exports contributed 5.73% to export value, despite Nigeria's significant agricultural potential.
The manufacturing sector made up just 2.95% of the total export value.
Nigeria’s total export value reached ₦77.44 trillion in 2024 from ₦35.96 trillion in 2023.
Non-oil sectors collectively made up less than 12% of export value.

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