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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.

UAE’s population is 88% immigrants as Gabon tops African list with 19% migrant share

The United Arab Emirates tops the list with immigrants making up 88% of its total population.
Qatar follows closely with 87% of its residents being immigrants.
Kuwait (73%) and Bahrain (55%) also feature prominently, showing a regional trend where nationals are a minority and foreign workers form the economic backbone
Middle Eastern dominance in the top rankings highlights how the Gulf region’s economic model is heavily dependent on imported labor and expatriate populations.

The United States, Canada, and Iran account for over 50% of the world’s 1,802 active oil rigs in 2024, with Nigeria ranking 15th globally with 31 rigs

The United States remains the undisputed leader with 589 active rigs, accounting for nearly a third of all rigs worldwide in 2024.
Canada (162 rigs) and Iran (117 rigs) follow as the second and third highest contributors to global drilling activity.
Middle Eastern producers dominate the top 10, with Kuwait (80), UAE (73), Saudi Arabia (70), Iraq (62), and Oman (50) collectively operating 335 rigs.
Nigeria ranks 15th globally with 31 active rigs, making it one of only two African nations in the global top 20.
The top 10 countries account for over 75% of the world’s active rigs, reflecting the continued concentration of drilling infrastructure in a handful of key oil-producing regions.

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.

Nigeria ranks 7th among Europe’s crude oil suppliers, peaking at 0.54 million barrels per day

The USA leads the suppliers with 1.40 million barrels/day, making it the largest single contributor to the EU’s crude oil imports in 2024.
Norway and Kazakhstan follow closely, delivering 1.10M and 1.05M b/d respectively, together accounting for over 24% of the EU’s total imports.
Nigeria ranks 7th, contributing 0.54M b/d, which is 5.9% of total EU crude oil imports, ahead of Brazil and the UK.
The top 6 suppliers (USA to Iraq) delivered 5.45 million b/d in total, representing nearly 60% of the EU’s crude oil demand.
The rest of the world, not listed among the top 10, contributed 2.24M b/d, underscoring the EU’s diversified sourcing strategy.

China tops the global reserves chart in 2024, holding nearly three times Japan’s reserves and having 5.53% of its total reserves as gold reserves

Key takeaways:

China leads all nations with total reserves of $3.46 trillion while holding 5.53% of its share in gold reserves.
The top 15 countries collectively hold a total reserve of $10.78 trillion.
Despite being the global leader in gold reserves, the United States ranks third in total reserves.
The largest share of the United States' total reserves is from its gold reserve holdings of 74.97%.
Countries in the top fifteen list hold at least $236.9 billion each in total reserves.
The United States, France, and Italy have more than 70% of their total reserve holdings in gold.

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.

The UK led Nigeria’s capital imports in H1 2024, contributing nearly 50% of total inflows

In H1 2024, the UK accounted for nearly half (48.9%) of Nigeria’s capital investments, totalling $2.93 billion, followed by South Africa (14%) and the Netherlands (11%). This highlights the UK's long-standing economic ties with Nigeria, having invested over $47.5 billion over the past ten years. The UK remains Nigeria's top capital import source.

The UK has approved 6.4 million study visas to foreign nationals between 2005 and 2023

Since 2005, nationals from China, India, Saudi Arabia, Russia, Pakistan, and Nigeria have ranked among the top three recipients of UK study visas. China led the list from 2010 to 2020. In 19 years, over 1.46 million Chinese nationals (22.9% of the total) received study visas. India followed with 926.9k and Nigeria — which first entered the top three in 2020 — with 436.9k.

Nigerian learners enroled in STEM courses on Coursera doubled year-on-year as of March 2023

Although Nigeria had the third highest number of learners on Coursera enroled in courses related to science, technology, engineering, and mathematics (STEM) as of March 2023, the country had the highest year-on-year increase — almost double. Five African countries were in the top ten increasing STEM learners on the e-learning platform.