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  • Real GDP Growth projection across regions (2023 - 2025)

    The Nigerian economy shows promise as the IMF projects an increase in the country's GDP growth, rising to 3.2% in 2025. This comes when projections show stagnant global growth at 3.2%, while sub-Saharan Africa outpaces other regions with an anticipated rise to 4.2% by 2025.

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    • Egypt and Algeria dominate the top spots, reflecting their significant military investments and strategic importance in North Africa.
    • Nigeria and South Africa follow, representing West and Southern Africa, respectively.
    • Countries like Ethiopia, Angola, and the DRC have notable military capabilities but face internal challenges that may impact their effectiveness.
    • Kenya and Chad have relatively weaker militaries, though they still play important roles in their respective regions.
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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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  • 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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    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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    • Petrol prices in Nigeria rose by 52% between August 2024 (₦830.5) and March 2025 (₦1,261.7).
    • The highest monthly increase was in September 2024 (+24.1%), while the sharpest drop came in April 2025 (-17.1%).
    • By July 2025, prices had eased to ₦1,025, still 23% higher than a year earlier.
    • NNPC retail outlets offered significantly lower prices than the national average, with Abuja as low as ₦880 at the March 2025 peak.
    • Dangote Refinery offered relatively competitive pricing, ranging from ₦840 to ₦899, creating an alternative supply option.
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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

President Tinubu's government recently added a new aircraft to the presidential fleet, sparking concerns over rising maintenance costs.

From 2017 to 2024, the cost of maintaining Nigeria's presidential air fleet has increased by 366%, jumping from ₦4.4 billion to ₦20.5 billion.

The Presidency argues that the new jet will save millions in maintenance and fuel costs.

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Nigeria, Egypt, and Morocco have consistently led Africa's diaspora remittance, contributing 67% of the continent's total inflows since 2000.

In 2023, African nations received $94.78 billion, with Egypt, Nigeria, and Morocco leading.

Here are the top ten countries since 2000.

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Africa's remittance inflow nearly reached $100 billion in 2021, driven by contributions from Nigeria, Egypt, and Morocco, the top recipients on the continent.

Growing from $9.7 billion in 2000 to $97.6 billion in 2021, highlights the crucial role of the African diaspora.

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top-10-african-countries-by-number-of-medals-won-in-summer-olympics-history-2-66c598118aa14

Kenya and South Africa dominate Africa's Olympic success, with 46% of the continent's total medals in Summer Games history.

Kenya tops the list with 124 medals, while South Africa follows with 95. Ethiopia, Egypt, and Nigeria trail with fewer wins.

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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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As of 2022, Libya had the highest dentist availability in Africa.

Many top African countries have fewer than 5 dentists per 10,000 people, with several falling below 1, and Nigeria at just 0.2.

The WHO recommends at least 2 per 10,000 for adequate care.

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Chickens and goats are Nigeria's most-reared livestock.

Per the National Bureau of Statistics' survey, of the estimated 40.2 million agricultural households in Nigeria, 41.5% rear chickens and 41.3% rear goats.

These numbers show that a significant portion of Nigeria's agricultural households focus on these two animals.

Here are the most-reared livestock in Nigeria's agricultural households.

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Nigeria's agricultural landscape is diverse, with households engaging in various farming activities.

Crop farming dominates, but livestock rearing and poultry farming are also significant. Each sector plays a crucial role in the economy, with crop farming driving food production and livestock providing protein.

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Team Nigeria made history with its largest Olympic squad ever at Paris 2024, featuring 88 athletes.

Despite the high participation, the team left without a medal, sparking discussions on the effectiveness of sports programmes and athlete support.

Peak performance was in 1996, but recent Games show a trend towards greater participation

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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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Unity Bank's gross earnings nearly doubled between 2011 and 2017 before sharply declining in 2018. The bank never hit its 2017 gross earnings record of ₦57.1b after 2018.

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Since 2011, Unity Bank Plc has seen more losses than profits over a 12-year period. Despite a consistent growth in gross earnings from 2011 to 2017, profits were overshadowed by losses, exceeding profits by over ₦9 billion.
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  • No candidate scored above 300 until 2015, with just 40 high scorers that year out of over 1.46 million candidates.
  • 2025 marked the highest ever with 17,025 candidates scoring above 300, nearly double the count in 2024 and more than triple 2023.
  • From 2022 to 2025, above-300 scorers consistently remained over 5,000 each year, showing a steady rise in top scores.
  • Despite the growth in numbers of JAMB candidates, high scorers still make up less than 1% annually.
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  • Burkina Faso tops the 2025 GTI ranking with a score of 8.581, the highest globally.
  • African nations make up 6 of the 10 most terrorism-impacted countries in 2025.
  • Pakistan (8.374) and Syria (8.006) are the top-ranking Asian countries on the list.
  • Nigeria ranks 6th globally with a GTI score of 7.658, just behind Niger (7.776)
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  • Europe leads with 12 clubs, including giants like Real Madrid, Manchester City, and Bayern Munich, solidifying its global dominance.
  • South America contributes 6 teams, such as Palmeiras, Flamengo, and River Plate, reflecting its strong continental performance.
  • Africa's 4 clubs, Al Ahly (Egypt), Wydad AC (Morocco), Espérance Sportive de Tunis (Tunisia), and Mamelodi Sundowns (South Africa), represent CAF’s top tier.
  • Asia also fields 4 clubs, including Al Hilal (Saudi Arabia), Urawa Red Diamonds (Japan), Al Ain (UAE), and Ulsan HD (South Korea).
  • Oceania and North America are modestly represented with one club from New Zealand and four from the CONCACAF region, including Inter Miami as host.
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  • Morocco leads Africa in FIFA rankings with 1694.24 points, placing 12th globally, signalling its sustained excellence on the international stage.
  • Senegal (1630.32 pts) and Egypt (1518.79 pts) are the next top African teams, ranked 19th and 32nd globally, respectively.
  • The point gap between top teams is significant: Morocco leads Nigeria (1481.35 pts) by over 210 points, reflecting performance consistency.
  • Five of Africa’s top 10 teams are from North Africa, showcasing the region’s dominance in tactical strength and international success.
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Key Takeaways:
  • Aradel Holdings led with ₦247.79 billion in PAT, marking a 361% year-on-year growth.
  • Oando and Seplat Energy followed with ₦220.12 billion and ₦214.25 billion in PAT, respectively.
  • Eterna Plc recorded a significant turnaround with 114% year-on-year growth, recovering from a loss in 2023.
  • The sector experienced widespread profitability gains, reflecting stronger market dynamics and operational improvements.
  • Profit after tax growth across the sector ranged from 15% to 361%.
  • Nigeria's oil & gas sector delivered a combined profit totalled ₦730 billion in 2024.
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Key Takeaways:
  • The sector’s total PAT rose by 28% from ₦31.68 billion in 2023 to ₦40.49 billion in 2024.
  • Chapel Hill Denham Nigeria Infrastructure Debt Fund remained the top earner with ₦19.59 billion, despite a modest 4% year-on-year decline.
  • Julius Berger and UPDC REIT also posted strong profits, contributing significantly to the overall performance.
  • UPDC Plc recorded the strongest profit growth, surging by nearly 278% from ₦221.5 million in 2023 to ₦836.9 million in 2024.
  • Ronchess Global Resources Plc significantly narrowed its losses by over 64%, though it remained in negative territory.
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