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  • Twelve Nigerian banks listed on the Nigerian Exchange Group (NGX) reported a total profit of ₦3.42 trillion in 2023, with all banks making a profit and seeing increases from 2022. The top four banks — Zenith Bank, Access Holdings, UBA, and GTCO — contributed 71% of this amount. Zenith Bank saw a 202% increase from the previous year and led the way with ₦676.9 billion, while Access Bank recorded the highest increase in profits (307%). Jaiz Bank made the least profit (₦11.2 billion) followed by Sterling Bank (₦21.6 billion) and Wema Bank (₦36 billion).

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    Five of the top tep African countries with the largest gold reserves are North African

    Half of the top 10 African countries with significant gold reserves come from North Africa, with Algeria leading with 174 tonnes. Egypt and South Africa come in second and third with 126 tonnes and 125 tonnes, respectively. Algeria, Egypt, South Africa, and Libya hold the most significant gold reserves.

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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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    Countries by Global Innovation Index 2024

    The Global Innovation Index 2024 reveals a striking contrast in innovation performance between countries globally and across Africa. Switzerland leads the global rankings with an impressive score of 67.5, followed by Sweden (64.5) and the USA (62.4), highlighting their sustained investments in research, development, and technological advancement.

    In Africa, Mauritius takes the top spot with a score of 30.5, followed closely by Morocco (28.8) and South Africa (28.3). However, even Africa's most innovative nations achieve less than half the score of global leaders, indicating a significant innovation gap.

    Nigeria ranks 15th in the African ranking and 113th globally, out of 133 countries, with a score of 17.1.

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  • top rice producing countries for 2024
    • 1990-2000: In this decade, China and India accounted for over 50% of the world's total output, with other dominant rice producers being Indonesia, Vietnam, and Bangladesh, with production figures falling between 20 and 30 million metric tons.
    • 2001-2010: China and India remained the two top producers, with China producing 140 million metric tons annually and India 100 million metric tons annually. 
    • 2011-2020: China and India continue to lead at about 150 million and 105 million metric tons, respectively. 
    • 2021-2024: China and India continued to lead. China reached 144.62 million metric tons in 2023/2024, and India accounted for 137.83 million metric tons.
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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
 
  • Morocco’s male football team ranks 1st in Africa and 11th globally with 1713.12 points.
  • Senegal ranks 2nd and 19th in the world, confirming its strong international presence.
  • Egypt, Algeria, and Nigeria complete Africa’s top five, all within the global top 40.
  • The top 20 list includes teams from all major African regions.
  • Africa has 2 teams in the global top 20, 7 in the top 50, and 13 in the top 70.
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  • Egypt and Algeria are Africa’s only countries in the global top 20 military strength ranking.
  • The United States remains the world’s strongest military, with a near-perfect power index score.
  • Africa’s global military influence is highly concentrated in just two countries.
  • No Sub-Saharan African country appears in the global top 20.
  • Several African countries cluster in the global bottom 10, highlighting weak military capacity.
  • The gap between Africa’s strongest and weakest militaries is significant.
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  • Nigeria has won 11 of its 12 AFCON quarter-final matches, losing only once (2008).
  • The only quarter-final defeat came against Ghana, highlighting the intensity of historic rivalries.
  • Most Nigerian wins were by narrow margins.
  • Nigeria has beaten a wide range of opponents at this stage, including Algeria, Senegal, Ghana, Côte d’Ivoire, and South Africa.
  • Penalty shootouts feature twice, reflecting composure under extreme pressure.
  • Nigeria’s quarter-final success spans over 30 years, cutting across different generations of players.
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  • Africa is the hardest-hit region, with 14 countries under partial visa restrictions, including Nigeria, limiting travel for business, tourism, and study.
  • Temporary bans target B‑1/B‑2 visas for business and tourism, and may also affect F‑1 student, M‑1 vocational, and J exchange visitor visas, impacting students, trainees, and cultural exchange participants.
  • Other affected regions include the Caribbean, Asia, and South America, showing the temporary restrictions span multiple continents.
  • Exemptions exist for lawful permanent residents, diplomats, and travellers with valid pre-existing visas, so not all citizens from these countries are blocked from entering the US.

 

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  • Morocco’s male football team ranks 1st in Africa and 11th globally with 1713.12 points.
  • Senegal ranks 2nd and 19th in the world, confirming its strong international presence.
  • Egypt, Algeria, and Nigeria complete Africa’s top five, all within the global top 40.
  • The top 20 list includes teams from all major African regions.
  • Africa has 2 teams in the global top 20, 7 in the top 50, and 13 in the top 70.
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  • Cameroon has the highest World Cup appearances (8).
  • Morocco holds Africa’s best-ever performance (4th place), a historic milestone for African football.
  • Tunisia and Morocco both have seven appearances.
  • Nigeria remains one of Africa’s most successful qualifiers (six appearances), with multiple second-round finishes.
  • Algeria and Ghana (five appearances each) show strong track records, with Ghana also reaching the quarterfinals.
  • Egypt, South Africa, Senegal, and Côte d’Ivoire each have four appearances, but Senegal stands out for reaching the quarterfinals.
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  • Nigeria remains the country with the most overall winners.
  • Three Nigerian players — Asisat Oshoala (6), Perpetua Nkwocha (4), and Cynthia Uwak (2) — have won the award more than once.
  • Outside Nigeria, only Ghana, South Africa, Equatorial Guinea, and Cameroon have produced winners, showing limited spread beyond Nigeria in the first two decades.
  • In recent years, the award has become more competitive, with new winners emerging from Morocco, Zambia, and South Africa, signaling a noticeable shift away from long-standing Nigerian dominance.
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  • Nigeria remains the leader at U-17 level with five titles, more than any other nation.
  • Brazil follows closely with four wins, making the two countries the dominant forces in youth football history.
  • Only Mexico and Ghana have won the tournament more than once, highlighting how rare repeated success is at this level.
  • The remaining winners — Germany, England, Switzerland, France, Saudi Arabia, Portugal, and the former Soviet Union — show that victory is widely distributed but rarely sustained.
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  • APC increased its number of sitting governors from 19 in 2019 to 26 in 2025.
  • PDP saw a significant decline, dropping from 16 governors in 2019 to 6 by 2025.
  • APC’s share of governors rose from 52.8% in 2019 to 72.2% in 2025.
  • As of May 2023, after the 2023 general elections, 13 sitting governors were still members of the PDP, but by 2025, five of these governors had defected to the APC, one had defected to
  • Accord, and one lost an election in 2024 to the APC.
  • Smaller parties (APGA, NNPP, LP, and Accord) appeared intermittently, each holding a single governorship.
  • By 2025, Nigeria’s governorship landscape was the most one-sided in recent years, heavily dominated by the APC.
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  • The U.S Department of Homeland Security specifies that the data reflects the “worst of the worst” criminal aliens arrested by ICE, not general immigration arrests.
  • Nigeria leads the list with 40 arrests, the highest among all African nationals reported.
  • Somalia (27) and Liberia (21) follow, forming a concentrated top tier.
  • Most countries report fewer than 10 arrests, showing a sharp decline beyond the top group.
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  • Asamoah Gyan leads Africa’s all-time World Cup scoring chart with six goals in eleven games, making him the most prolific African player in World Cup history.
  • Roger Milla follows closely with five goals in ten matches.
  • Nigeria’s Ahmed Musa is Africa’s highest-scoring active World Cup player with four goals in just seven matches.
  • Despite a legendary club career, Samuel Eto'o scored only three goals in eight matches.
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  • Egypt was the first African and Arab nation to play at the FIFA World Cup, debuting in 1934.
  • Despite this early start, Egypt has qualified for only three tournaments since: 1990, 2018, and 2026.
  • Egypt failed to qualify for ten consecutive World Cups from 1938 to 1986.
  • Another long drought followed, with the team missing every World Cup tournament between 1994 and 2014.
  • Each of Egypt’s three World Cup appearances to date (1934, 1990, and 2018) ended in group-stage elimination.
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  • Export values have grown over 400%, rising from ₦11.8 trillion in 2013 to a peak of ₦55.3 trillion in 2024, a fivefold increase driven by rising oil prices and a weaker naira.
  • 2015 and 2016 were the hardest years, with export values crashing as low as ₦6.8 trillion in 2015, reflecting the brutal impact of the global oil price collapse on Nigeria's most critical export.
  • The most explosive growth came from 2023 onwards, with values surging past ₦29 trillion in 2023 and peaking at ₦55.3 trillion in 2024, largely driven by the naira depreciation following Nigeria's 2023 foreign exchange reforms.
  • The first nine months of 2025 saw a slower pace than the previous year, with ₦37.7 trillion recorded between Q1 and Q3, lower than the ₦41.5 trillion recorded during the same period in 2024.
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  • Local companies dominated CIT contributions in most years, accounting for over 50% of payments in 9 of 11 periods between 2015 and 2025 (Q1–Q3).
  • Foreign companies briefly closed the gap in 2023, contributing 49%, the closest they have come to matching local firms.
  • Local companies recorded their strongest share in 2021 at 65%, marking the widest gap between local and foreign contributors.
  • “Other payments” peaked during the pandemic, rising to 17% in 2020 before dropping to 0% from 2022 onward.
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  • The highest number of grid collapses in the past 16 years occurred in 2010, with 42 incidents recorded.
  • During Goodluck Jonathan’s administration, Nigeria’s grid collapsed an average of 24.4 times a year, the highest among the three administrations.
  • Under Muhammadu Buhari, the annual average dropped to 12.8 collapses per year, indicating improved grid stability compared to earlier years.
  • Under Bola Ahmed Tinubu, the average has fallen further to about 6.7 collapses annually.
  • 2016 recorded the highest number of collapses during the Buhari administration, with 28 incidents.
  • The most stable years in the dataset were 2020 and 2021, with only four collapses each.
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  • 26 companies on NGX are valued above ₦1 trillion.
  • MTN Nigeria leads at ₦16.38 trillion, making it the most valuable listed company.
  • The top three firms (MTN Nigeria, BUA Foods, and Dangote Cement) are far ahead of the rest, each exceeding ₦13 trillion.
  • 9 of the 26 companies are in the financial services sector.
  • Telecoms and manufacturing dominate the upper tier, highlighting infrastructure and essential services as market anchors.
  • Energy companies are firmly positioned, reflecting their central role in the economy.
  • Market concentration is high, as a few giants carry disproportionate weight relative to the 122 sub-₦1 trillion firms.
  • Sector diversity exists within the top 26, but most belong to industries tied to basic economic activity rather than emerging tech or high-growth startups.
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  • Over 551,800 Africans were recruited by European powers during World War I.
  • Approximately 86,100 African recruits died, representing a 13.5% fatality.
  • North Africa supplied the most recruits (260,000), slightly ahead of West Africa (250,600).
  • West Africa recorded the highest deaths (36,500) among the regions.
  • East Africa contributed 117,900 recruits, with 13,200 deaths.
  • Southern Africa’s involvement was significantly smaller — 9,500 recruits and 560 deaths.
  • Africa’s participation was geographically uneven, shaped by colonial control and military strategy.
  • More than one in eight recruits did not return, highlighting the human cost beyond battlefield narratives.
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  • Nigeria’s 2026 defence budget is $3.9 billion, placing it far below the top global spenders.
  • It is just 0.5% of the US’ $831.5 billion budget, highlighting a massive scale difference.
  • Compared to China ($303 billion), Nigeria’s budget is only 1.3%.
  • Nigeria’s allocation equals 1.8% of Russia’s $212.6 billion allocation.
  • Even a mid-tier top spender like Australia ($57.4 billion) has a budget almost 15x Nigeria’s.
  • Nigeria’s budget is only 3.6% of India’s $109 billion defence allocation.
  • European powers such as the UK ($88.5 billion), France ($67.2 billion), and Germany ($127.4 billion) all have defence budgets that dwarf Nigeria’s allocation
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