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  • The Federation Account Allocation Committee (FAAC) has distributed a total of ₦593 billion as derivation funds to nine oil-producing states in Nigeria. These funds are part of the statutory allocation intended to support states with significant contributions to the country's oil revenue. Delta State emerged as the largest beneficiary, receiving ₦193 billion, which constitutes 32.5% of the total allocation.

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    Since 2015, Seychelles has topped Africa's GDP per capita rankings because of its strength in tourism and fishing.

    Libya, Equatorial Guinea, and South Africa have also occupied the top spot since 1960.

    Watch how the countries vied for the top ten spots over the years.

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  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
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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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  • 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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    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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  • Africa's producers of natural rubber in 2022
    Côte d'Ivoire has maintained its title of Africa's largest producer of natural rubber, increasing production by an average of 13% annually. Nigeria was Africa's largest producer of natural rubber in the early 90s until Côte d'Ivoire took the top spot in 1999. As of 2022, its production capacity was 8.6x more than Nigeria's. In 2022, Côte d'Ivoire produced 1.286 million tonnes of natural rubber; Nigeria and Ghana followed with 149.4 thousand tonnes and 117 thousand tonnes, respectively.
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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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  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
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Other Insights
 
Jumia's highest increase in its total sales value in five quarters between Q3 2020 and Q3 2021 occurred in Q4 2020 with a 23.4% increase. The online marketplace company saw a steady increase in its Gross Merchandise Value (GMV) from Q1 2021 to Q3 2021.
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There were 90 Internet and social media disruptions across Africa between 2017 and 2021. The year 2019 had the highest disruptions with 25 across 16 countries.

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Between 2017 and 2020, Nigeria’s announced Foreign Direct Investment figures were highest in 2018. However, there have been significant differences between investment announcements and FDI inflow over the years. Here are the FDI announcements and FDI inflow from 2017 to 2020.
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As of March 2021, the Federal Government of Nigeria’s External Debt Stock stood at $32.9 billion. Following President Muhammadu Buhari’s request to the Senate to approve $6.183 billion in May 2021, we give you the breakdown of the nation’s External Debt Stock by category.

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According to UNESCO, low-budget movies from Nigeria and other African countries account for most of the films produced annually in Africa. Here is a breakdown of the estimated number of films produced annually, private television channels, and cinema screens by African region.

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Since 1992, 265 journalists have reportedly been killed in 51 African countries. On this year's International Day to End Impunity for Crimes Against Journalists, here are the top 20 African countries with the most crimes against journalists by the number of deaths.
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There is a rising concern about the shortage of COVID-19 vaccines in many African countries. Only about 1.3% of the continent's population has been vaccinated against COVID-19. Here are the countries with the highest share of fully vaccinated population as of July 11, 2021.

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Thirty-four percent of North Americans have gotten the COVID-19 vaccination as of July 2021 compared to Asia, Oceania, and Africa have less of their population vaccinated.

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Africa lost approximately $454 million and 2,802 hours between January and August 2021 to several forms of government-imposed social media shutdowns and Internet blackouts with Nigeria's Twitter shutdown recording the highest lost at $381.4 million.

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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.

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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.
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Key Takeaways:
  • Nigeria’s outstanding debt to the IMF has reduced from SDR 2.45 billion in March 2023 to SDR 306.81 million by March 2025.
  • The country has maintained a consistent quarterly repayment pattern, averaging SDR 306.8 million.
  • This steady repayment trend reflects Nigeria’s commitment to managing its external obligations.
  • At the current repayment rate, Nigeria is positioned to fully clear its IMF obligations by mid-2025.
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Key Takeaways:
  • Despite recent gains, Oando Plc's earnings before tax have declined by 222% over the past decade.
  • Major losses occurred in 2019 and 2020, with a rebound in 2021 and 2023.
  • The company demonstrated remarkable resilience by recovering to ₦103 billion profit in 2023.
  • The earnings before tax in 2024 fell by 54% from 2023.
  • The year-on-year growth rate from 2015 to 2024 was shown to be negative despite recording ₦47.8 billion in 2024, as against -₦39.1 billion in 2015.
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Key Takeaways:  
  • Argentina tops the list with SDR 31.1 billion in outstanding IMF credit.
  • The top three borrowers, Argentina, Ukraine, and Egypt, together hold over 45% of total IMF credit.
  • All 15 countries on the list have outstanding credit of at least SDR 1.4 billion.
  • African nations such as Kenya, Angola, Ghana, and Ethiopia rank among the top 15 IMF debtors.
  • The top 10 countries alone account for more than two-thirds of the IMF’s total outstanding credit.
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Key Takeaways:
  • Egypt leads African nations in IMF debt, with SDR 8.63 billion in outstanding credit.
  • The combined debt of these 10 countries represents 24% of the IMF’s total outstanding credit globally.
  • East African nations, Kenya and Ethiopia, hold a combined SDR 4.5 billion in IMF credit.
  • West Africa is strongly represented with Côte d'Ivoire, Ghana, Senegal, and Cameroon owing more than SDR 7.4 billion collectively.
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Key takeaways:
  • Cadbury Nigeria's total assets increased by 155%, from ₦28.4 billion in 2015 to ₦72.4 billion in 2024.
  • Assets remained relatively stable between 2015 and 2019, hovering around ₦28 billion.
  • Despite recent financial challenges, Cadbury Nigeria's asset base has more than doubled in the last decade.
  • Significant expansion began in 2020, with continued steady growth through 2024.
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