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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
- 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
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.
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.