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    • The GDP contribution from the telecom sector increased from 14.13% in Q1 2023 to 16.36% in Q2 2024.
    • The highest contribution (16.36%) was seen in Q2 2024.
    • The telecom sector contributes significantly to GDP, maintaining values above 10% quarterly from Q1 2020 to Q3 2024.
    • The second quarter consistently contributed more to Nigeria’s GDP throughout the observed timeframe.
    • The first and second quarters of 2024 showed an improvement in the sector's contribution to GDP compared to the previous years.
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    Top ten cocoa-producing countries in the world in 2020

    In 2020, 5.2 million metric tons of cocoa were produced globally, with four African countries — Ivory Coast, Ghana, Nigeria, and Cameroon — accounting for 68% of the produce.

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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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    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.

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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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    Top ten African countries by estimated number of films produced annually

    The Nigerian movie industry, mainly financed via public or private funding and international grants, produces the most films in Africa, yearly. Nigeria produced more than double the number of films that the Ghanaian and Kenyan movie industries produce annually.

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  • Over the past ten years, there has been a rising trend of fraud and forgery cases in Nigerian banks. Although there was an 88% increase in reported cases in 2021, there was a 27% decrease in 2022, resulting in a 221% increase in financial losses of ₦9.5 billion.
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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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Other Insights
  • 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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Key Takeaways:

  • Seplat Energy recorded the highest EPS in 2024 at ₦385.61, up from ₦92.75 in 2023.
  • Aradel Holdings posted the strongest growth, with a 361% increase in EPS from ₦12.37 to ₦57.03.
  • Eterna PLC reversed its negative EPS in 2023, reporting ₦1.03 in 2024.
  • All listed companies reported positive earnings in 2024, compared to 2023.
  • Three companies grew their EPS by more than 200%.
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Key Takeaways:

  • SFS REIT reported the highest EPS in 2024 at ₦21.50, up from ₦14.50 in 2023.
  • UPDC Plc achieved the most significant growth, with EPS rising fivefold from ₦1.00 to ₦5.00.
  • Most companies posted improved EPS, reflecting stronger earnings and better shareholder returns.
  • Ronchess Global Resources reduced its loss per share by 68%, from -₦71.50 to -₦23.15.
  • Julius Berger and UPDC REIT recorded steady EPS growth of 23% year-on-year.
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Key Takeaways:

  • Meyer Plc recorded the highest EPS in 2024 at ₦59, up from ₦47.
  • Beta Glass had the largest year-on-year EPS growth, more than doubling from ₦10.74 to ₦22.71.
  • Among cement producers, Dangote Cement led with EPS rising to ₦29.74 from ₦26.47.
  • Notore Chemical Industries reduced its losses by 33%, improving EPS from -₦70.87 to -₦47.45.
  • Most listed firms recorded higher EPS, indicating improved profitability and operational efficiency.
  • Lafarge Africa, CAP Plc, and Berger Paints reported steady EPS growth.
  • Notore Chemical remained the only company with a negative EPS.
  • Austin Laz & Co maintained a flat EPS of zero for both years.
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  • MTN remains the market leader, growing from 26 million subscribers in 2013 to 75 million by early 2025.
  • MTN's market share was 53.10% in early 2025, with over 75 million active data subscribers.
  • Airtel saw consistent growth, rising from 8.2 million in 2013 to 48.7 million in 2025, now commanding over 34% market share.
  • Globacom’s data subscriber base peaked in 2023 at 43.7 million but fell sharply by 2025 to 15.8 million.
  • 9mobile's market share in 2025 dropped to just 1.29% from its 2016 peak of 16.31%.
  • Globacom’s market share dropped significantly from its peak of 29.27% in 2017 to 11.16% in 2025.
  • Airtel doubled its market share from 18% in 2013 to 34% in 2025.
  • 9mobile's data subscriber base crashed by 88% from its 2016 peak to less than 2 million in 2025.
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  • Mohamed Salah leads with 186 goals, ranking 5th all-time in Premier League history.
  • Sadio Mané (111 goals) and Didier Drogba (104 goals) are the only other Africans to cross the 100-goal mark.
  • Yakubu Aiyegbeni is Nigeria’s top scorer in the Premier League with 95 goals.
  • Emmanuel Adebayor (Togo) ranks 4th among Africans with 97 goals.
  • Yaya Touré, though a midfielder, scored 62 goals, making him one of the most prolific African midfielders in league history.
  • The presence of three Nigerians—Yakubu, Kanu, and Efan Ekoku—shows Nigeria’s enduring legacy in the league.
  • Côte d'Ivoire also boasts of three players among the top 10 list.
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  • In every year from 2013 to 2025, over 65% of JAMB candidates scored below 200.
  • The highest share of candidates scoring 200 and above was 34.3% in 2016.
  • The years 2015 and 2016 marked the most significant shifts in performance, with over 30% scoring 200+.
  • The year 2021 recorded the lowest share of high scorers (12.9%) after 2013 and 2014.
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  • Migrants living in Nigeria sent out over $3.2 billion in personal remittances between 2000 and 2023.
  • The year 2015 recorded a sharp and unusual outflow of $1.04 billion, the highest by far in the entire 24-year span.
  • After 2015, remittance outflows sharply declined, stabilising below $100 million from 2018 onward.
  • Prior to 2015, outflows were consistently under $110 million annually, indicating a major anomaly in that spike year.
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  • Nigeria received a total of approximately $430 billion in remittances between 2000 and 2023.
  • The highest amount recorded was in 2018, when remittances peaked at $24.31 billion.
  • In 2020, inflows dropped significantly to $17.21 billion due to the global COVID-19 crisis.
  • Between 2021 and 2023, remittances remained stable, averaging around $19.7 billion per year.
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  • India is Nigeria’s largest export destination Nigeria exported ₦2.84 trillion worth of goods to India in Q1 2025, driven largely by crude oil.
  • China dominates imports into Nigeria China supplied ₦4.66 trillion worth of goods, far outpacing all other countries. Likely dominated by electronics, machinery, and manufactured goods.
  • The United States appears on both sides. Nigeria exports ₦1.54 trillion to the US and imports ₦1.42 trillion, showing a relatively balanced trade relationship.
  • European countries are major export Partners Netherlands (₦2.30T), France (₦1.44T), and Spain (₦1.44T) are prominent export destinations, indicating strong demand for Nigerian crude oil and other commodities in Europe.
  • UAE barely makes the import list. The UAE closes out the top import list at ₦0.61 trillion, showing relatively lower trade volume compared to others, but still significant enough to be in the top 5.
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- Kenya led with 90.1 percent account ownership in 2024. - Mauritius (89.6 percent) and Ghana (81.2 percent) also in top 3. - Nigeria ranked 11th at 63.3 percent; Tanzania fell short at 59.8 percent. - Only 14 African countries exceeded the 60 percent inclusion benchmark. - Another 14 African countries have no recent data in the Global Findex
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  • Nigeria’s FAAC revenue increased 49% YoY in March 2025 (₦1.68T vs ₦1.12T in March 2024).
  • February 2025 saw a 48% increase YoY (₦1.70T vs ₦1.15T in February 2024).
  • April 2025 revenue rose by 41% YoY, moving from ₦1.12T in April 2024 to ₦1.58T.
  • January 2025 showed no YoY change, recording ₦1.42T in both 2024 and 2025.
  • The consistent growth in H1 2025 FAAC revenues signals improved government revenue mobilisation, better oil/non-oil collections, and higher capacity for states to meet obligations.
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  • Nigeria’s exchange rate gain revenue dropped by 73.2% in H1 2025 compared to H1 2024.
  • In April 2025, exchange rate gain fell by 90% year-on-year from ₦285.5B to ₦28.7B.
  • May saw an 81% drop, with revenue declining from ₦438.9B in 2024 to ₦81.4B in 2025.
  • January 2025 was the only month with a stable figure, matching January 2024’s ₦402.7B.
  • Exchange rate gain revenue for February and March 2025 was unavailable, likely worsening the total.
  • The first half of 2025 generated only ₦589.4B in FX gains, compared to ₦2.2T in the same period in 2024.
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  • The value of agricultural goods exported in Q1 2025 rose to ₦1.70 trillion, up 64.65% year-on-year and 10.63% quarter-on-quarter, highlighting continued growth in the sector.
  • Standard and superior cocoa beans led the chart, contributing a combined ₦1.23 trillion, with major buyers being The Netherlands (₦344.17B) and Belgium (₦203.17B).
  • Cashew nuts in shell earned ₦157.63B, mostly exported to India (₦87.56B) and Vietnam (₦69.74B), while sesamum seeds brought in ₦128.18B.
  • Soya bean flours and ornamental flowers fetched ₦27B and ₦18B respectively, showing Nigeria's export mix is broadening.
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  • Lagos alone accounts for nearly 25% of all Nigerian states’ external debt, totalling $1.17 billion.
  • The combined debt of Lagos, Kaduna, and Edo is larger than the sum of the debts of the bottom 30 states.
  • States like Yobe, Abuja, and Jigawa each owe less than $25 million externally, indicating minimal foreign exposure.
  • Cross River, Rivers, and Ogun round out the top six debtors, each with external debts around [$190–210] million.
  • Just eleven states owe over $100 million each, while the majority owes less than that threshold.
  • Despite 36 subnational governments, the federal government’s $40.98 billion external debt is over 8x that of all states combined.
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