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  • Over time, Nigerian workers under 50 have increasingly relied on pension savings during unemployment. This graph illustrates the upward trend with some fluctuations in both the total amount withdrawn — ₦26.9 billion in 2022, and the number of approved withdrawals. Individuals who can withdraw 25% of their retirement savings balance are those who disengaged/retired before the age of 50 years in accordance with the terms and conditions of their respective employment and stayed unemployed for at least six months.

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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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  • 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
 
  • 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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  • 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.p
  • 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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  • Niger (76%), the Central African Republic (61%), and Chad (61%) top the global list, meaning the majority of women in these countries marry as children.
  • Seven of the top ten countries by prevalence are African, showing that child marriage is most entrenched relative to population on the continent.
  • Countries in South Asia — Bangladesh (51%) and Nepal (35%) — and Latin America — Suriname (36%) and Belize (34%) — also feature, highlighting the global nature of the challenge.
  • While some countries have larger populations, this list ranks the share of girls affected, not the absolute number, meaning even smaller populations can show extreme societal impact if the prevalence is high.
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  1. Nigeria ranks first with 7.3 million estimated users — over 2.8 million more than Egypt.
  2. Egypt (4.5 million) and South Africa (3.1 million) follow, forming the top three markets.
  3. The top three countries account for nearly 60% of the total users across the ten listed countries.
  4. The gap between first (7.3 million) and tenth (Tunisia, 322,000) is more than 6.9 million users, highlighting wide market disparities.
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  • Since its 2019 IPO, Jumia Group has accumulated over $1 billion in total losses, with 2019 marking its highest annual loss at $254.2 million.
  • Losses remained elevated between 2020 and 2022, consistently exceeding $180 million annually despite post-IPO restructuring efforts.
  • From 2023 onwards, annual losses dropped sharply — falling below $105 million for the first time since listing — following the shutdown of underperforming business units across African markets.
  • By 2025, losses declined further to $60.1 million, representing the company’s lowest annual loss in nine years and signalling the sustained impact of its cost-reduction strategy.
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  • 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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  • Nigeria recorded its highest terrorism-related fatalities in 2014 and 2015, with 2,101 and 2,003 deaths respectively.
  • Fatalities fell sharply after the peak years, but Nigeria has still averaged over 600 terrorism deaths annually since then.
  • Hostage incidents have become more prominent, reaching a series high of 455 hostages in 2024.
  • The data shows Nigeria’s terrorism problem has shifted from peak insurgency-era mass fatalities to persistent violence involving killings, kidnappings, and hostage-taking.
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  • Mauritius leads Africa on the Productive Capacities Index with a score of 55.02, ranking 56th globally.
  • Seychelles, South Africa, and Cape Verde complete Africa’s top four, but none enters the global top 50.
  • Nigeria ranks much lower at 167th globally, with a score of 30.68, despite being one of Africa’s largest economies.
  • The ranking shows that economic size does not always translate into stronger productive foundations like human capital, ICT, energy, transport, and institutions.
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  • Zimbabwe’s lithium production rose from 900 metric tons in 2014 to an estimated 28,000 metric tons in 2025.
  • Its share of global lithium production increased from 2.8% in 2014 to 9.7% in 2025.
  • The biggest jump came after 2023, with production rising from 3,400 metric tons to 22,000 metric tons in 2024.
  • Zimbabwe is now a much more important player in the global battery supply chain, driven by rising EV and energy storage demand.
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  • MTN held more than half of active mobile lines in most Nigerian states as of December 2025.
  • Ekiti recorded MTN’s highest share at 69.6%, followed by Imo at 64.1% and Anambra at 63.4%.
  • Borno was Airtel’s only leading state, with 56.9% of active mobile lines.
  • Globacom did not lead any state, but it had notable shares in Kogi, Edo, Ondo, FCT, and Oyo.
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  • MTN held over 50% of active internet subscriptions in most Nigerian states as of December 2025.
  • Ekiti had MTN’s highest share at 70.6%, followed by Imo at 64% and Anambra at 63.7%.
  • Borno was the only state where Airtel led, with 56.6% of active internet subscriptions.
  • Globacom did not lead any state, but it had notable shares in Edo, Kogi, Ondo, Oyo, and Bayelsa.
 
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  • Africa received 66% of IDA’s FY2025 commitments.
  • Africa’s total IDA allocation was $22.4 billion out of $33.8 billion.
  • Nigeria was the largest borrower from the DA globally, with $3.1 billion in loans.
  • Bangladesh ranked second with $3 billion.
  • Six of the top ten borrowers were African countries.
  • Nigeria accounted for 9.3% of total FY2025 IDA commitments.
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