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

  • With a population of over 200M people, 7.7 million were in need of humanitarian aid as of 2020. This figure has since increased, requiring the sum of $1.01bn to meet their needs. Here’s the trend of Nigerians in need of humanitarian aid over the last 5 years.

    See more
    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.

    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

    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

  • 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

    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

  • Canada granted permanent residency to 471.8k individuals in 2023, with Indian citizens leading with nearly 30% of the total.

    Nigeria (3.7%), Cameroon (2.5%), and Eritrea (2.3%) were in the top ten recipients.

     

     

    See more
  • 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.
    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
Other Insights
- Akwa Ibom, Delta, Rivers, and Bayelsa collectively account for nearly 85% of Nigeria’s crude oil production.
- Their impressive output reflects decades of focused investment and advanced production infrastructure in the Niger Delta.
- The disparity between these high-producing states and lower-performing regions like Abia and Imo highlights significant regional imbalances.
- The untapped potential in states with lower outputs presents promising opportunities for strategic development and future growth
Read more
Distribution of credit by Kenya's banking system to finance foreign trade (H1 2024)
  • Over 60% of Kenya’s bank loans for foreign trade were used to fund imports, limiting resources for exports.
  • In all six months, exports received less than 40% of the credit allocation, highlighting a significant gap.
  • Import credit peaked at 66.23% in June
  • The import-export credit ratio remained relatively stable, suggesting an ongoing structural trend in trade financing.
  • To balance trade, policies could focus on enhancing export production, incentives for exporters, and easing export credit access.
Read more
  • The United States leads with a massive $1.1 trillion in trade deficit, over four times larger than India's $245.5 billion deficit
  • India and the United Kingdom follow, each exceeding $230 billion in trade deficits, reflecting high import reliance
  • The USA’s trade imbalance alone surpasses the combined deficits of the other nine countries on this list
  • Six of the top ten countries with the largest deficits are European economies
Read more
  • FirstBank and Union Bank have operated in Nigeria for over a century, making them the longest-surviving commercial banks
  • Three of Nigeria’s largest banks today, GTBank, Zenith Bank, and Access Bank, were founded in the late 20th century
  • Citibank is the oldest foreign bank in Nigeria
  • Only five banks have existed in Nigeria for over fifty years
Read more
  • Netflix leads the global streaming market with 301.63 million subscribers
  • Amazon Prime follows with 200 million, making these two platforms account for over 500 million subscribers combined
  • Disney+ and Tencent Video signal the rise of regional and diverse content, with Disney+ at 124.6 million and Tencent Video at 116 million
  • Smaller platforms struggle to compete, with services like Apple TV having significantly lower numbers
Read more
  • Egypt and Morocco dominate Africa’s trade deficit, with a combined shortfall of $50.8 billion dollars, which surpasses the total deficit of the other eight countries on the list
  • North African economies — Egypt, Morocco and Tunisia — account for more than half of the total trade deficit across the top 10
  • East African economies also feature prominently, with Ethiopia, Kenya, and Tanzania making up a significant share of the deficit
  • Smaller economies like Rwanda and Uganda post notable deficits, though on a much smaller scale than their North and East African counterparts
Read more
1 … 119 120 121 122 123 … 230
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