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  • In addition to having one of the lowest populations on the continent, Mauritius boasts the greatest broadband penetration rate — 147.39% as of 2022 — of any country in Africa. The eastern African nation's broadband Internet subscribers surpassed its population in 2019.

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    Key Takeaways:

    • Crude oil remains Nigeria’s largest export, while refined petroleum products lead imports.
    • Natural gas ranks as the second-largest export, contributing 9.71% of the total export value.
    • The top five imported products account for 32.28% of Nigeria’s global imports.
    • The top ten exports represent over 95% of Nigeria’s total export value.
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  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

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    The FAAC's revenue distribution from 2017 to August 2023 highlights the dominance of Delta, Akwa Ibom, Rivers, and Bayelsa states in allocations. Despite Lagos' economic prominence, it ranked fifth. Here is the distribution of revenue among states between 2017 and August 2023.

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  • A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

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    Nigeria was the seventh most populous nation in the world in 2020, with 206.1 million people. Projected to reach a population of 401.3 million by 2050, Nigeria will rank third after India (1st) and China (2nd). According to Institut national d'études démographiques' projections, Nigeria, Ethiopia, DR Congo, Egypt, Tanzania, and Kenya will be among the world’s top 20 most populous countries by 2050.

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  • Africa's sanitation crisis is alarming, with 17 of the top 20 countries having the highest open defecation rates.

    Eritrea (67%), Niger (65%), and Chad (63%) lead, putting millions at risk of disease.

    Even Nigeria, the most populous African country, has 18% of its population practising it.

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  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

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  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

    See more
Other Insights
     
  • With revenue per screen of ₦ 271.6 million, EbonyLife Cinemas outperforms other top cinemas in West Africa.
  • Several Genesis and FilmHouse branches fall within the strong mid-tier cluster, with revenue per screen ranging from ₦100 million to ₦160 million.
  • Lower-tier cinemas still generate ₦40 million to ₦70 million per screen
  • Revenue per-screen metric reveals the operational efficiency of the cinemas
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  • Nigeria is the fastest to reach $100B — 34 years, achieving the milestone in 1994.
  • Ethiopia took the longest — 81 years, reaching the mark in 2022 after decades of gradual expansion.
  • Resource-driven economies reached the threshold faster, including Angola (36 years) and Algeria (43 years).
  • North African economies crossed earlier, with Egypt (1989) and Morocco (2008) benefiting from diversified economic bases.
  • South Africa reached $100B as early as 1988, reflecting its long-standing industrial and financial depth.
  • Ghana is among the slowest climbers (68 years), but its recent 2025 milestone shows the impact of sustained reforms and growth.
  • Speed varies widely (34 to 81 years), showing that growth paths across Africa are shaped by very different economic realities.
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  • South Africa leads with 61 facilities, accounting for 21.6% of the continent’s total
  • Nigeria (25) and Kenya (19) complete the top three countries with major digital infrastructure hubs
  • Many countries operate with fewer than five facilities
  • Eighteen countries have just one data centre each
  • As cloud adoption, fintech, streaming, and AI grow, new regional hubs are likely to emerge beyond today’s leaders.
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  • Ogun has become Nigeria’s second-largest industrial centre, with major clusters in Ota, Sagamu, and Ifo.
  • Limestone mining triggered a boom in cement production and heavy industry.
  • Infrastructure-Enabled Expansion: strategic projects such as the Oyan Dam and the Agro-Cargo Airport supported industrial and demographic growth.
  • Rapid population growth, particularly from Lagos spillover, fuelled labour supply and urban development.
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  • Nigeria has nine of the top ten highest-grossing cinemas in Anglophone West Africa.
  • Lagos hosts six of the top ten cinemas and leads the region in both revenue and admissions.
  • Silverbird Ikeja recorded the highest revenue (₦1.1 billion) and the highest admissions (217,000).
  • Cinema chains control all top ten positions, showing strong brand dominance across the region.
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  • The South West hosts 82 of Nigeria’s 309 universities (27%), the largest share nationwide.
  • Ogun State alone accounts for 24 universities, nearly one in every three institutions in the South West.
  • The South West has 18 more universities than North Central (64), the second-highest zone.
  • The gap between the highest zone (82) and the lowest zone (21) is 61 universities, underscoring the regional imbalance.
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  • Dangote Cement remains Africa’s largest cement company, despite a steep 24.3% revenue drop from $3.2 billion to $2.4 billion
  • Revenue declines were widespread, affecting major players including BUA Cement (-11.2%) and Lafarge Africa (-19.8%).
  • The downturn among top Nigerian producers suggests strong pressure in one of Africa’s largest cement markets
  • PPC recorded a relatively mild decline (-1.1%), showing more stable performance
  • Ciments du Maroc (+4.8%) and Bamburi Cement (+14.8%) posted growth, highlighting regional demand resilience.
  • Smaller positive gains from firms like Sinai Cement and Sephaku Holdings suggest selected markets are still expanding
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  • Africa had 249 data centres as of February 2026
  • South Africa leads with 61 facilities, accounting for 25% of the continent’s total
  • Nigeria (25) and Kenya (19) complete the top three countries with major digital infrastructure hubs
  • Many countries operate with fewer than five facilities
  • A dozen countries have just one data centre
  • Infrastructure concentration means cross-border data dependence for many smaller economies.
  • As cloud adoption, fintech, streaming, and AI grow, new regional hubs are likely to emerge beyond today’s leaders.
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  • Rack Centre leads Nigeria’s live capacity with 13.5 MW
  • Africa Data Centres (10 MW) and Equinix (8.8 MW) form the next tier of large operators
  • Lagos dominates capacity, reinforcing its role as Nigeria’s primary digital infrastructure hub
  • Several operators have major expansion plans, including Africa Data Centres (+10.65 MW addition) and OADC Lagos (+24.5 MW addition)
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  • Lagos hosts 21 of Nigeria’s 25 data centres.
  • Only Lagos, Abuja, and Kano currently host data centres.
  • Abuja holds 12% of the country’s data centres despite being the capital.
  • Kano’s single facility accounts for just 4% and highlights the limited digital infrastructure in northern Nigeria.
  • The distribution shows a high geographic concentration risk; national digital operations rely heavily on Lagos.
  • Lagos’ dominance reflects its advantages: commercial activity, connectivity, and proximity to submarine cable landings.
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  • The proposed 2027 election budget of ₦873.8 billion is the highest in Nigeria’s history.
  • The 2027 figure is 2.5 times higher than the ₦355.3 billion spent in 2023.
  • Election costs have increased every cycle since 1999.
  • Spending has grown from ₦32 billion in 1999 to ₦874 billion in 2027.
  • In dollar terms, the 2027 cost is estimated at about $625.9 million.
  • Nigeria has spent approximately ₦1.9 trillion—including the 2027 proposed cost—on elections since the start of the Fourth Republic.
  • Currency depreciation has influenced the dollar-equivalent fluctuations over time.
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Change in external debt stock by state in Nigeria (Top 15, June 2023–June 2025)
  • All but four states increased their external debt between June 2023 and December 2025.
  • Northern states account for roughly 70% of the $1.34 billion added by states nationally.
  • Katsina recorded the highest growth in both absolute terms ($150 million) and rate (+296%).
  • 12 of the 15 fastest-growing state debts are in the north.
  • Lagos, Nigeria's largest debtor at $1.17 billion outstanding, was one of only four states that reduced its debt.
  • Kaduna carries the second-heaviest debt load at $684 million, despite a relatively modest 20% growth rate.
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Abia state debt
  • Abia’s domestic debt dropped by 66% between 2023 and 2025.
  • The state reduced domestic debt by about ₦94 billion.
  • Debt fell from roughly ₦138 billion to about ₦48.5 billion within two and a half years.
  • About ₦72 billion of inherited debt was cleared early in the administration.
  • External debt increased by 14% (+$12.9 million) over the same period.
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Adamawa State’s debt
  • Akwa Ibom’s domestic debt fell 41.5% over the period, from ₦138.6 billion to ₦48.5 billion.
  • External debt was almost stable, slipping just 0.9%.
  • The sharpest debt adjustment happened in local-currency obligations, not foreign debt.
  • The highest domestic debt level during the period was in December 2023.
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Top and bottom 20 Africa’s Crime Index (2025)
  • DR Congo had Africa’s highest criminality score in 2025 at 7.5.
  • South Africa ranked second at 7.4, while Nigeria occupied third spot at 7.3.
  • Kenya was the highest-ranked East African country at 7.2.
  • The gap between the highest (7.5) and lowest score (1.8) is wide — 5.7.
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  • 2026 is already Nigeria’s deadliest year, with six senior officer deaths as of April.
  • Borno accounts for most of the deaths.
  • 2025 already showed renewed pressure before the rise in 2026.
  • Lieutenant colonels account for the largest share of deaths by rank.
  • The pattern suggests attacks are increasingly targeting military command structures.
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Non-Performing Loan (NPL) ratio of selected banks in Kenya (2024-2025)
  • All eight selected Kenyan banks reduced their NPL ratios in 2025.
  • KCB recorded the largest improvement, with a 2.9% point drop.
  • KCB still had the highest NPL ratio in the group at 16.9%.
  • Co-operative Bank remained highly stressed at 15.7%, despite some improvement.
  • Equity Bank and Absa Bank Kenya both ended 2025 at 11.5%.
  • Standard Chartered Kenya had the lowest NPL ratio in the group at 5.5%.
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