Key Takeaways:

• Mineral fuels and oils dominated the US' imports from Nigeria, totalling $5.28 billion.
• Total US imports from Nigeria reached $5.70 billion in 2024.
• Non-oil sectors contributed approximately $423 million to the total US imports from Nigeria.
• US imports from Nigeria cut across 70 distinct product categories.
• The average value across all import categories was $81.4 million.
• The top 10 imported goods made up 99.1% of the total imported value.

Key Takeaways:

• Mineral fuels and oils led the US' exports to Nigeria at $1.82B, making up over 43% of the total.
• Vehicles and automotive parts followed at $677.65 million, with machinery and nuclear reactors contributing $487.23 million.
• Total US exports to Nigeria reached $4.17 billion in 2024.
• The top 10 export categories made up 90.7% of the total export value.
• The top three US export categories to Nigeria accounted for nearly 72% of total exports.

• Only 4 African countries ever crossed 1 million b/d:   Libya, Nigeria, Algeria, and Angola.
• Libya was Africa’s top producer in the 1970s and 2000s. At its peak, Libya did over 3 million b/d. No other African country has touched that.

• Nigeria peaked in 2005 with 2.5 million b/d. But since then, it’s been unstable due to theft and pipeline issues.

• Angola and Algeria have stayed around or above 1 million b/d for long periods, especially post-2000.
• Despite oil discoveries, most African countries never got close to 1 million b/d: countries like Chad, Sudan, and Gabon, while some peaked under 500k.

Key takeaways:

• Mexico ranked as the leading destination for the US' agricultural exports in 2024, with a total value of $30.32 billion (17.2% of total agricultural exports).
• North American neighbours, Mexico and Canada, collectively accounted for 33.3% of total US agricultural exports.
• China was the third-largest market, importing $24.65 billion (14%) of the US' agricultural products.
• Asian markets, including China, Japan, South Korea, Taiwan, the Philippines, and Vietnam, collectively absorbed 31.7% of the US' agricultural exports.
• The top three markets (Mexico, Canada, and China) made up 47.3% of the US' total agricultural export value.
• The top 10 markets accounted for 74.8% of the US' agricultural exports, totalling $131.85 billion.

• With a median mobile download speed of 441.89 Mbps, the UAE is in a league of its own, setting a high benchmark for digital infrastructure globally.
• At just 18.91 Mbps, Nigeria ranks 102nd, only narrowly ahead of countries like Ecuador and Libya. This means the digital experience for most Nigerians is significantly slower than the global average.
• The difference between the fastest and slowest countries spans over 400 Mbps, showing a growing divide in how nations can participate in digital economies.
• Countries like Denmark, South Korea, Norway, and the Netherlands continue to show strong mobile connection.
• It's notable that Qatar and Kuwait, alongside the UAE, are not just energy-rich but also leaders in mobile connectivity.
• Several African nations, Nigeria, Libya, and Mozambique, feature among the slowest, highlighting the urgent need for investment in faster, more reliable mobile networks across the continent.

• Africa not only had high tuberculosis treatment success for people without HIV (5.9M lives saved), but also for 5.1M people with HIV.
• With over 19 million people without HIV and 910,000 with HIV treated, South-East Asia leads in numbers.
• TB treatment saved 10 million lives in the Western Pacific region.
• Globally, 41 million out of 47.8 million lives saved were of people without HIV, showing that TB remains a major health threat even outside HIV-affected populations.
• With just 1.2M lives saved each, both Europe and the Americas had relatively low numbers.

• With a 98% adoption rate, Northern Europe leads the world in digital inclusion.
• Eastern Africa (29%), Middle Africa (34%), and Western Africa (43%) have the lowest adoption rates.
• Southern and Eastern Europe boast over 90% adoption, proving that even outside the wealthiest nations, high connectivity is achievable.
• While Eastern Asia (79%) and South-Eastern Asia (78%) show strong progress, Southern Asia lags behind at 54%.
• Oceania maintains a solid 78% adoption rate, quietly outperforming many regions.
• With 70% adoption, the Caribbean outperforms parts of Asia and Africa.

Key Takeaways:

• Cocoa products, including paste, butter, and beans dominated the US' agricultural imports from Sub-Saharan Africa in 2024, making up nearly one-third of the total.
• Other major import categories included coffee, seafood, oilseed meals, and tree nuts, rounding out the top six.
• The top 10 agricultural imports accounted for 74% of all the US' agricultural imports from the region.
• Each of the top 10 products had an import value exceeding $120 million.
• From SSA, Côte d'Ivoire and Ghana were the leading suppliers of cocoa products to the US in 2024.
• The top three products together represented 41% of the total agricultural imports from the region.

Key Takeaways:

• Nigeria’s outstanding debt to the IMF has reduced from SDR 2.45 billion in March 2023 to SDR 306.81 million by March 2025.
• The country has maintained a consistent quarterly repayment pattern, averaging SDR 306.8 million.
• This steady repayment trend reflects Nigeria’s commitment to managing its external obligations.
• At the current repayment rate, Nigeria is positioned to fully clear its IMF obligations by mid-2025.

Key Takeaways:

• Despite recent gains, Oando Plc's earnings before tax have declined by 222% over the past decade.
• Major losses occurred in 2019 and 2020, with a rebound in 2021 and 2023.
• The company demonstrated remarkable resilience by recovering to ₦103 billion profit in 2023.
• The earnings before tax in 2024 fell by 54% from 2023.
• The year-on-year growth rate from 2015 to 2024 was shown to be negative despite recording ₦47.8 billion in 2024, as against -₦39.1 billion in 2015.

Key Takeaways:  

• Argentina tops the list with SDR 31.1 billion in outstanding IMF credit.
• The top three borrowers, Argentina, Ukraine, and Egypt, together hold over 45% of total IMF credit.
• All 15 countries on the list have outstanding credit of at least SDR 1.4 billion.
• African nations such as Kenya, Angola, Ghana, and Ethiopia rank among the top 15 IMF debtors.
• The top 10 countries alone account for more than two-thirds of the IMF’s total outstanding credit.

Key Takeaways:

• Egypt leads African nations in IMF debt, with SDR 8.63 billion in outstanding credit.
• The combined debt of these 10 countries represents 24% of the IMF’s total outstanding credit globally.
• East African nations, Kenya and Ethiopia, hold a combined SDR 4.5 billion in IMF credit.
• West Africa is strongly represented with Côte d'Ivoire, Ghana, Senegal, and Cameroon owing more than SDR 7.4 billion collectively.