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Trust in Nigeria’s financial institutions in 2025 hinges on transparency, security and customer experience
  • Majority trust will be moderate to high: 92.6% of Nigerians are expected to have either high (43.9%) or moderate (48.7%) trust in financial institutions by 2025.
  • Transparency is the biggest driver of trust as 46.2% of respondents believe transparent policies and fees will most improve their trust.
  • Security is a rising priority; 30.2% of Nigerians highlight improved security features as a key factor in strengthening confidence in financial institutions.
  • Customer service and regulation still matter as 17% emphasise better customer service and 6.6% stronger regulatory oversight, showing that while oversight has a role, people prioritise fairness, safety, and service.

Between 2019 and 2024, Nigeria’s trade policies grew increasingly restrictive, with 8 in 10 measures limiting market access
  • Out of 64 trade-related interventions, state loans (14) were the most common, showing government preference for credit-driven support.
  • Policies were predominantly restrictive (79.7%), reflecting Nigeria’s protectionist leanings.
  • Crisis-driven policies, like the 2020 maize import ban and the 2024 duty-free food window, show how interventions swing between restriction and relief.
  • The healthcare sector benefitted from targeted support, including waivers on medical supplies (2020) and tariff removal on drug inputs (2024).

Lagos alone consumes 26% of the total supply of power from the national grid
  • Lagos receives the highest average monthly grid supply at 1,051 MW, accounting for 26% of national distribution.
  • The South West (excluding Lagos) comes second with 569 MW.
  • Abuja alone receives 435 MW, higher than the North Central zone at 396 MW.
  • The North East receives the least electricity from the grid, with only 199 MW monthly on average.
  • The combined total for Lagos and the rest of the South West is 1,620 MW, roughly 40% of national grid supply.

8 of 11 Best Movie awards at the AMVCA since inception have gone to Nigerian films
  • Between 2013 and 2025, Nigeria has dominated the Africa Magic Viewers’ Choice Awards (AMVCA), winning 8 out of 11 awards for Best Overall Movie.
  • Kenya, South Africa, and Ghana have each won the top prize once, highlighting Nigeria’s influence on African cinema.
  • This trend reflects both the scale and consistency of Nigeria’s film industry, Nollywood, which has outpaced its regional peers in terms of production volume, distribution, and local audience engagement.
  • While other countries show occasional excellence, Nigeria remains the cultural and commercial centre of African filmmaking.

Nigeria’s trade balance from 2008 to 2023 showed exports outpacing imports with a 57.7% share
  • Nigeria maintained a positive trade balance, with exports accounting for 57.7% against imports at 42.3%.
  • Oil and gas remain the backbone of Nigeria’s export dominance, shaping the overall surplus.
  • The import share reflects the country’s reliance on foreign goods, particularly refined petroleum, machinery, and food products.
  • Sustaining export strength while reducing import dependency remains key to Nigeria’s long-term economic resilience.

Financial services dominated Nigeria’s $1.5bn digital services exports in 2024
  • Financial services dominate Nigeria’s digitally delivered exports, contributing $1.15bn (over 74%).
  • Telecommunications ($184m) and insurance & pension services ($147m) follow, though far smaller.
  • Computer, information, and IP services registered almost no exports, highlighting untapped digital potential.
  • Nigeria’s digital exports remain highly concentrated in finance, leaving other sub-sectors underdeveloped.

South Africa hosts 41,100 millionaires, nearly six times Nigeria’s 7,200 millionaires
  • South Africa dominates with 41,100 millionaires, accounting for more than 1 in 3 African millionaires, far ahead of any other nation.
  • Egypt (14,800) and Morocco (7,500) round out the top three, highlighting North Africa’s wealth concentration.
  • Nigeria (7,200) and Kenya (6,800) confirm West and East Africa’s growing wealth hubs, though still far below South Africa.
  • Mauritius (4,800) and Seychelles (500) rank surprisingly high relative to population size, showing their role as finance and wealth management hubs.

Mauritius leads Africa with 63% millionaire growth while Nigeria declines by 47% over the last decade
  • Mauritius is the fastest-growing hub with a 63% surge in millionaires, highlighting its rising financial services sector and favourable investment climate.
  • Rwanda (+48%) and Morocco (+40%) also show strong upward trends, driven by economic diversification and political stability.
  • Nigeria (-47%), Angola (-36%), and Algeria (-23%) recorded the steepest declines, reflecting oil dependence, currency challenges, and political instability.
  • Africa overall saw a -5% dip, showing that while select countries are thriving, the continent’s wealth distribution has shifted unevenly.

Only 18 African countries have satellites in space, with Egypt and South Africa accounting for nearly one-third of the continent’s total
  • Egypt and South Africa dominate Africa’s space presence, with 14 and 13 satellites respectively, accounting for nearly one-third of the continent’s total.
  • Nigeria (7), Algeria (6), and Morocco (5) form the next tier, highlighting North and West Africa as emerging hubs in satellite development.
  • The majority of other African countries with satellites, including Rwanda, Ethiopia, Zimbabwe, Djibouti and Angola, have two satellites each.
  • Out of 54 African nations, only 18 have any satellites in orbit, underscoring the vast disparity in space investment and technological capacity across the continent.

Nigeria tops Africa’s women’s football with 1,630.83 points and ranks 36th globally
  • Nigeria leads Africa with 1,630.83 points, ranked 36th globally, maintaining their long-standing supremacy in Africa's women’s football.
  • South Africa remains second, 165 points behind Nigeria, consolidating their position after consistent WAFCON performances.
  • North Africa's breakthrough is evident with Morocco at 3rd, driven by recent World Cup appearances and continental success.
  • There is tight competition in mid-table, with Zambia, Cameroon, and Ghana separated by less than 12 points.

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