68% of Nigeria's capital imports in Q1 went to three sectors — banking, production, and IT services

Most of Nigeria's capital imports in the first quarter of 2023 were directed toward three sectors. The banking sector got the most investments with $304 million, accounting for 27%, and the production and IT services sectors followed, with 22% and 19%, respectively.

Source:

National Bureau of Statistics

Period:

Q1 2023
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Road accidents in Nigeria (Q3 2020-Q3 2024)
  • Road accidents declined by 53% between Q3 2020 and Q3 2024.
  • Q4 2022 recorded the highest number of accidents, with 4,835 reported cases.
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  • Speed violation remains the leading cause of road accidents in Nigeria.
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  • Bayelsa, Borno, Imo, Rivers, and Akwa Ibom regularly report the lowest number of accidents each quarter.
  • Commercial vehicles are the most frequently involved vehicle category in accidents.
  • Cars account for the highest number of individual vehicle accidents.
Top 10 Nigerian states with the highest number of road accidents (Cumulative, Q3 2020-Q3 2024)
  • The Federal Capital territory (FCT) recorded the highest number of road accidents between Q3 2020 and Q3 2024, with a total of 8,133 accidents, accounting for 12.42% of total accidents.
  • FCT, Ogun, Nasarawa, and Kaduna consistently ranked among the top four states with the highest accident occurrences.
  • Bayelsa, Borno, Akwa Ibom, Rivers, and Imo were among the states with the lowest number of recorded accidents each quarter.
EV manufacturers' revenue performance Q1 (2024-2025)
  • Tesla remains the EV manufacturer with the highest revenue, generating approximately $19 billion in Q1 2025.
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Egypt, South Africa, and Nigeria lead Africa’s $1.21 trillion cumulative FDI inflows since 1990, with $195B, $151B, and $111B respectively
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  • Morocco and Mozambique are neck-and-neck, with around $58–59 billion each.
  • Ghana and Ethiopia show strong mid-tier performances, both near or above $45 billion.
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After peaking at $3.88B in 2019, Ghana’s FDI fell to $1.31B in 2023, a 66% drop in four years
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On average, Nigeria’s NBS publishes Q1 GDP reports 53 days after the quarter ends. But in 2025, it's been 86 days—and still no release
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  • Q1 GDP reports have typically come out in May for the past eight years—until now.
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