Key Takeaways:

• MTN Nigeria's income tax payments consistently rose from ₦75.66 billion in 2018 to ₦170.1 billion in 2022.
• In 2023, there was a significant drop in the payments, which fell to ₦40.87 billion, the lowest in the period under review.
• In 2024, MTN Nigeria saw its income tax jump by 267% from 2023's figure.
• The company achieved its peak income tax payment of ₦170.1 billion in 2022.
• The income tax for MTN in 2023 dropped by ~76% due to substantial forex loss from naira devaluation.

Key Takeaways:

• Okomu Oil Palm Company's revenue expanded by 1,236%, from ₦9.74 billion in 2015 to ₦130.06 billion in 2024.
• Profit after tax saw a substantial increase of 1,189%, from ₦2.66 billion in 2015 to ₦34.27 billion in 2024.
• The most significant profit growth took place between 2021 and 2024, with profit almost tripling during this timeframe.
• Although there have been some variations in profit margins, the company has consistently realised growth annually.
• The figures for revenue and profit reached their peak in 2024.
• The disparity between revenue and profit after tax in 2024 is significantly greater than in earlier years.

Key Takeaways:

• Dangote Sugar Refinery saw impressive growth rates of 68% in 2016 and 51% in 2024, marking periods of considerable expansion.
• The company’s revenue rose from ₦101.06 billion in 2015 to ₦665.69 billion in 2024.
• There were notable year-on-year fluctuations, with growth rates varying from -26% to 68%.
• The period from 2020 to 2024 indicated particularly strong performance, featuring consistent positive growth.
• The highest revenue allocation for the company was noted in 2024.

Key takeaways:

• Seplat’s revenue steadily increased from ₦112.97 billion in 2015 to ₦1.65 trillion in 2024.
• The difference between revenue and profit after tax in 2024 is notably broader than in previous years.
• Profitability varied over the years, with losses recorded in 2016 and 2020 but consistent recoveries during other periods.
• The year 2024 saw the company's peak revenue (₦1.65 trillion) and profit (₦214.25 billion).

• Lesotho's external debt stock grew from $912.1 million in 2014 to $1.74 billion in 2020.
• The most significant increase in debt occurred between 2015 and 2016, when the debt surged from $952.6 million to $1.36 billion.
• After 2020, external debt levels started to stabilise, with only a slight decline from $1.83 billion in 2021 to $1.78 billion in 2023.
• Despite the recent stabilisation, Lesotho’s external debt remains relatively high, indicating a need for debt sustainability and fiscal management.

• All ten of the world’s lowest GDP per capita countries are in Africa, signalling deep economic inequality at the global level.
• South Sudan has the lowest GDP per capita at just $763, reflecting its ongoing economic struggles and instability.
• Burundi and the Central African Republic follow, both under $1,300.
• Even the highest GDP per capita country in this bottom ten, Niger, at $1,978, remains below $2,000.
• Low GDP per capita directly impacts standard of living, limiting access to quality healthcare, education, and infrastructure.

• A staggering 92.16% of all startup funding in West Africa flowed into Nigeria in 2019, showing the country’s lead in attracting investors.
• Nigerian startups still led, but their share dropped to 68.03% in 2023 and 69.75% in 2024, indicating that other West African countries are starting to attract more investment.
• Despite some shifts, no other West African country has come close to breaking Nigeria’s dominance. The remaining 20-30% of funding is spread across multiple nations, making it difficult for any single country to challenge Nigeria's position.
• While Nigeria’s startup dominance is impressive, a more balanced regional investment landscape could lead to greater innovation and economic growth across multiple countries.

• Nigeria is the clear leader, securing over 80% of total startup funding in West Africa. Its ecosystem benefits from a strong fintech sector, a large market, and increased investor trust.
• Ghana and Senegal are challengers, attracting $460M and $410M, respectively. These countries are proving they can compete but still have a long way to go to match Nigeria.
• Nigeria’s startups raised over ten times more than Ghana, the second-highest country on the list. This highlights an imbalance in investor focus.
• Benin ($133M) and Côte d'Ivoire ($107M) are rising players but remain in the shadows of the region’s top three. Their growing startup ecosystems could gain more traction with the right policies and investments.
• Mali, Togo, and Sierra Leone struggle to attract major funding, receiving less than $30M each. This signals a need for stronger ecosystems and investor confidence in these markets.

• India is now the world’s most populous country, surpassing China with 17.78% of the global population.
• China closely follows with 17.30%, showing that even though its population growth is slowing, it remains one of the most dominant globally.
• The United States (4.23%) remains the most populous Western country, reinforcing its continued economic and political significance.
• Nigeria leads Africa with 2.87% of the global population, showing that Africa's rising demographic weight will be a major factor in future economic and workforce trends.
• Ethiopia (1.63%) is another African country on the rise, showing how Africa’s demographic shift is accelerating beyond just Nigeria.
• Russia (1.76%) is the only European country on the list, underscoring Europe’s declining share in global population dynamics compared to the rapid growth of Asian and African nations.

• In 2023, over 324 million chickens were slaughtered in Nigeria, making them the dominant source of meat.
• Goats and sheep followed at 28.23 million and 19.45 million, respectively, but their slaughter numbers were far lower than poultry.
• Pigs accounted for 8.11 million slaughters, while cows were the least slaughtered at 3.32 million, likely due to their higher economic value.
• The disparity in slaughter numbers highlights Nigeria's preference for poultry over red meat, aligning with global trends in cost-effective protein consumption.

• Moniepoint began as TeamApt in 2015, building solutions for banks before pivoting to agent banking in 2019.
• In 2022, Moniepoint secured a banking license, launched business banking, and processed 5.2 billion transactions.
• The company rebranded to Moniepoint in 2023, relocated to the UK, and launched personal banking.
• By 2024, Moniepoint achieved unicorn status, with over $200 million in total funding.
• In 2025, Moniepoint plans to expand into contactless payments and remittances through Monieworld.

• Nigeria leads Africa in total arable land with 36,872,000 hectares, more than twice that of Niger, the second-ranking country.
• Niger ranks second with 17,700,000 hectares.
• The Democratic Republic of Congo (DRC) ranks third with 13,680,000 hectares, revealing the role of Central Africa in agricultural land availability.
• Other notable countries include Chad (5.3M hectares), Zambia (3.8M hectares), and Guinea (3.1M hectares).
• The countries at the bottom of the top ten list, such as Congo (550,000 hectares), Liberia (500,000 hectares), and Mauritania (450,000 hectares), have relatively limited arable land compared to leading nations.