Bite-sized Insights about
 
Providing you with data-based insights about things happening around you.
Popular Insights

  • INEC has started its continuous voter registration against the 2023 general election. In 2019, 21% of Nigeria’s voting-age population did not register to vote.

    See more

    Lagos led Nigerian states with ₦815.9 billion in Internally Generated Revenue for 2023, followed by the FCT with ₦211.1 billion.

    Despite only a 25% growth, Lagos’ IGR confirms its economic dominance. The FCT, meanwhile, recorded an impressive 70% increase.

    Ebonyi, though with lower revenue, achieved an astonishing 148% growth.

    Taraba generated the least revenue, increasing by 6%.

    See more
  • 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.

    See more

    Inflation rate in Nigeria increased to 31.7% in February 2024. Nigeria has the 13th highest inflation rate out of 186 countries and territories as of February 2024.

    The data showcases Argentina leading with 276%, followed by Lebanon and Syria. Seven of the top fifteen are African.

    See more

  • 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.

    See more

    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.

    See more
Other Insights
 

There has been concern over the significant differences between Bureau de Change (BDC) and Inter-Bank exchange rates over the years. Following the CBN’s recent move to stop forex sales to BDCs, we look at the differences in rates in the past decade.

See more
 
On 2020's World Chocolate Day, an annual celebration of chocolate, we look at the top 12 African countries with the highest chocolate export value in 2020 -- a combined $421.43m.
See more
 

Apart from dominating the global cocoa industry in 2020, Ivory Coast — leading in African chocolate exports — is ranked 27th among the top chocolate exporters in the world. Here is how it compares with the world's top 10 chocolate exporters by value in 2020.

See more
 

Data from the National Bureau of Statistics reveal that the average bread prices in Nigeria increased by 20.71% for unsliced bread and 17.25% for sliced bread year on year. As Nigerians mourn this rise in cost, we consider the average bread prices over the past 24 months.

See more
 

Since 2014, 64 AFRIMA awards have been awarded to Nigerian artistes, including collaborations. Nigerians got awards from seven categories, the most by any country, at AFRIMA 2021. Following the just-concluded awards, here are the top 20 countries by number of awardees since 2014.

See more
 

The Petroleum Industry Bill passed in July 2021 is expected to transform the oil and gas industry. Nigeria's oil production dropped from 2.1m barrels per day in 2019 to 1.798m barrels per day in 2020. Here's a representation of the country's oil production over the years:

See more
 

Despite the drop in production over the past decade, Nigeria remains Africa's largest oil-producing country. According to data from Trading Economics, it ranked 15th among the world's oil-producing countries as of June 2021. Here are the largest oil-producing countries in Africa:

See more
 

The African Union Report on Labour Migration Statistics in Africa (Third Edition) indicates that Africa's labour force increased from 402.8 million in 2010 to an estimated 511.5 million in 2019. Here are Africa's labour force and working-age population from 2010 to 2019.

See more
 

Nigerians can visit 19 visa-free countries and 26 visa-on-arrival countries, with varying durations of stay. Here is a breakdown of the number of visa-free and visa-on-arrival countries for Nigerians by region.

See more
 

Seychelles, Mauritius, and South Africa lead other African countries in the number of visa-free countries their citizens can visit globally. Here are the most powerful passports in Africa by the number of visa-free countries citizens can visit in 2021.

See more
 

According to the Global Peace Index 2021, South Sudan, Somalia, and DR Congo are Africa's least peaceful countries. As the world observes The International Day of Peace 2021, we present the continent's 20 least peaceful countries by their Global Peace Index 2021 score.

See more
 

Africa has witnessed 83 coup attempts since 1990, 42 of which were successful. The latest, Sudan's military coup, occurred yesterday, Monday, October 25, 2021. Although rare today, coups still threaten democracy. Here are the attempted coups in Africa since 1990.

See more
1 … 104 105 106 107 108 … 115
Total funding raised in West Africa, excluding exits (2019 - 2024)
  • 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.
Read more
Share of global population - Top 10 countries as of 2025​
  • 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.
Read more
  • 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.
Read more
  • 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.
Read more
  • 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.
Read more
  • The number of artists earning over $5,000 in royalties from Spotify has risen from 36,400 in 2017 to 110,500 in 2024, a 205% increase.
  • The growth trend accelerated significantly after 2020, crossing 80,000 artists by 2021.
  • Between 2017 and 2019, the growth rate was slower, rising from 36,400 to 53,700 artists in two years.
  • The most significant jumps happened between 2019-2021, as numbers surged from 53,700 to 81,700 artists.
  • The consistent rise suggests increased monetisation opportunities for independent and mainstream artists on Spotify.
Read more
1 … 104 105 106 107 108 … 229
Can’t find what you’re looking for? Please fill the form below
Contact Form Demo
SIGN UP TO OUR NEWSLETTER
Get periodic updates about the African startup space, access to our reports, among others.
Subscribe Here
Subscription Form
A product of Techpoint Africa. All rights reserved