• Nigeria’s National Bureau of Statistics (NBS) usually releases Q1 GDP data 53 days after the quarter ends.
• As of June 25, 2025, the Q1 2025 figures are 86 days overdue—that’s 33 days longer than average.
• The delay coincides with a GDP rebasing exercise, updating the base year to 2019.
• Q1 GDP reports have typically come out in May for the past eight years—until now.

• Africa attracted $97 billion in FDI in 2024 — nearly double the 2023 level — marking a record year for the continent.
• Egypt alone accounted for nearly 50% of total African inflows, driven by a $35 billion Ras El-Hekma megaproject and sweeping reforms.
• Major gainers included Zambia (+1340%), Guinea (+105%), and Mauritania (+74%), showing momentum beyond usual hotspots.
• Nigeria’s FDI dropped 42%, while South Africa (–29%) and Senegal (–58%) also saw steep declines.

• Global FDI rose to $1.51 trillion, still below its 2015 peak.
• The top 10 countries accounted for 65% of total inflows.
• Egypt ranked 8th globally with $46.6 billion, ahead of UAE and Mexico.
• A $35 billion Ras El-Hekma deal drove much of Egypt’s surge.
• Egypt’s FDI grew over 370%, the fastest among top recipients.

• Total trade rose from ₦12.7 trillion (Q2 2023) to over ₦36 trillion (Q1 2025).
• Exports grew from ₦6.4 trillion (Q2 2023) to ₦20.6 trillion (Q1 2025).
• Sustained trade surpluses started from Q2 2023, peaking at ₦5.2 trillion in Q1 2025.
• Imports also rose from ₦6.3 trillion (Q2 2023) to ₦15.4 trillion (Q1 2025), but slower than exports.
• Pre-2023 was deficit-heavy: Most quarters from 2020–2022 recorded trade deficits or very small surpluses.
• Q1 2021 had the worst deficit: -₦1.89 trillion, driven by high imports and weak exports.
• Naira devaluation is the turning point: Starting around Q2 2023, it inflated export values in naira terms.
• Export growth may not reflect volume; gains are likely due to FX effects, not necessarily more goods shipped.

• South Africa ranked highest in Africa; it’s easy to move goods in and out.
• It beat others on customs speed, delivery time, and tracking.
• Nigeria, Ghana, and DR Congo scored low. Goods faced more delays and hassles.
• Countries with high scores attract more trade and business.
• A low score means slower shipments, higher costs, and weaker logistics.

• Lagos led the nation with ₦819.62B VAT, over 45% of the total generated by all 36 states combined.
• Rivers followed distantly with ₦278.23B, around 34% of Lagos’s VAT haul.
• Only five states (Lagos, Rivers, Oyo, Bayelsa, Kano) generated over ₦21B in Q1 2025.
• 22 states generated below ₦10B, with 13 of them earning less than ₦6B in VAT.
• Northern states like Katsina (₦5.96B), Yobe (₦5.81B), and Kebbi (₦5.13B) trail significantly in VAT contributions.
• Abia, Cross River, Imo, and Taraba sit at the bottom, each with under ₦3B in VAT returns.

• 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.

• 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)

• 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.

• 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.

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.

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.