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  • According to information provided by the West African Examinations Council, out of the 1.6 million candidates who took the WASSCE in 2023, 79.8% got at least five credits, including English language and mathematics, representing the highest percentage in the previous five years.
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    In 2012, the volume of Point of Sale (POS) transactions in Nigeria was nearly 2.6 million, valued at ₦48 billion. As of 2022, it had grown to nearly four billion transactions worth ₦41 trillion. The volume and value of POS transactions surged between 2020 and 2022.

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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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    Africa's sanitation crisis is alarming, with 17 of the top 20 countries having the highest open defecation rates.

    Eritrea (67%), Niger (65%), and Chad (63%) lead, putting millions at risk of disease.

    Even Nigeria, the most populous African country, has 18% of its population practising it.

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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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    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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  • GSM subscribers in Nigeria only recorded three year-on-year drops in the past 11 years

    As of March 2024, there were 219m subscribers in Nigeria's GSM market which is dominated by three players each with over 20% market share. More than 40 mobile virtual network operators (MVNOs) have been licensed to date, all of whom will rely on the infrastructure of the country's four mobile network operators to offer their services.

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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.

    See more
Other Insights
     
  • Of the 54 African countries, 46 earn more than 60% of export revenues from raw goods.
  • Algeria, Morocco, Eswatini, Lesotho, Djibouti, Mauritius, Comoros, and Egypt stand out with less than 60%.
  • Algeria and Morocco are the least dependent, pointing to stronger industrial and trade sectors.
  • Lower dependence means greater economic stability, while high reliance exposes countries to volatile global commodity markets.
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  • Africa has the youngest population globally, with a median age of 19.3 years.
  • Europe has the oldest population, with a median age of 42.8 years.
  • North America follows closely behind Europe, with a median age of 38.7 years.
  • Oceania’s median age stands at 33.4 years, slightly higher than Asia’s.
  • Asia’s population is relatively younger than Europe and North America, with a 32.5-year median age.
  • The age gap between Africa and Europe is over 23 years, showing the stark global demographic divide.
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  • Subscriptions peaked at 23.5 million in 2015 before a long decline.
  • The 2017 debt crisis and Etisalat UAE’s exit triggered sustained losses.
  • By mid-2025, active lines had plunged to 2.4 million, the steepest fall in the sector.
  • In August 2025, the firm rebranded as T2, unveiling a new plan to stabilise and grow again
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  • England tops the world women’s rugby ranking with 97.76 points, maintaining a clear lead over other nations.
  • Canada and New Zealand follow as the second and third-strongest women’s rugby teams globally.
  • South Africa ranks 12th and Kenya 20th, making them the only African nations in the global top 20.
  • Traditional rugby nations like France, Ireland, and Australia feature prominently in the top 10.
  • Asian teams such as Japan and Hong Kong highlight the growing spread of women’s rugby beyond traditional regions.
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  • South Africa leads the world rugby rankings with 92.78 points, ahead of New Zealand’s 92.06.
  • The gap between the first and second position is just 0.72 points, showing a close contest at the top.
  • Ireland remains the highest-ranked European team with 89.83 points.
  • France and England, with 87.82 and 87.64 points respectively, are in close competition for the fourth and fifth spots.
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  • Africa’s fertility rate in 2025 is estimated at 3.95, the highest in the world.
  • Europe’s fertility rate is the lowest in 2025 at just 1.41 children per woman.
  • Latin America and the Caribbean saw a steep drop from 5.83 in 1955 to 1.78 in 2025.
  • Asia’s fertility rate fell from 5.85 in 1955 to 1.87 in 2025.
  • Oceania’s fertility rate dropped from 6.58 in 1955 to 2.13 in 2025.
  • By 2025, all continents except Africa are at or below the replacement rate of 2.1.
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  • Gold bullion dominates exports, contributing ¢163.0B (55.3%) of total exports.

  • Petroleum oils follow distantly at ¢52.6B (17.8%).

  • Cocoa (beans, paste, butter) remains a vital sector, collectively worth ¢24.7B (8.4%).

  • Manganese, cashew, tuna, iron/steel, and shea oil are niche contributors, each under 2% of exports.

  • All other products still make up a significant 14.4% (¢42.4B), showing potential for export diversification.
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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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  • France tops the world with 13 time zones, owing largely to its overseas territories spread across the globe.
  • The US and Russia follow closely, each spanning 11 time zones, reflecting their massive geographic spread.
  • In contrast, Africa remains highly unified, with just two countries, DR Congo and South Africa, operating two time zones each.
  • Most nations on the list, including Brazil, Mexico, and Spain, fall between 2–4 zones, underscoring how rare double-digit time zone coverage is.
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  • South Africa’s GDP per capita rose from $440 in 2000 to an all-time high of $2,692 in 2024.
  • Growth was relatively steady in the 2000s, with notable jumps after 2006 and again in the post-pandemic years.
  • Despite dips in 2008 (global financial crisis) and 2020 (COVID-19 shock), the economy showed resilience with quick rebounds.
  • By 2024, South Africa achieved its strongest per capita GDP on record, cementing its role as one of Africa’s leading middle-income economies.
  • The country recorded growth in 21 of the past 24 years.
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  • Algeria’s GDP per capita more than tripled in 25 years, rising from $1,772.9 in 2000 to $5,631.2 in 2024.
  • The 2000s boom saw rapid growth, peaking at $5,180.9 in 2008, fuelled by high oil and gas prices.
  • Between 2014 and 2016, GDP per capita fell from $6,094.7 to $4,425.0, reflecting oil price collapses and domestic fiscal strain.
  • After pandemic-era lows in 2020 ($3,743.5), Algeria rebounded to its second-highest level on record in 2024 ($5,631.2), regaining its regional standing.
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  • Egypt’s GDP per capita grew from $1,366 in 2000 to $3,339 in 2024, a 144% increase over 25 years.
  • The economy peaked at $4,233 in 2022, marking the highest point in the series before a two-year decline.
  • Sustained growth was driven by the 2000s and 2010s, with resilience after the 2008 financial crisis and Arab Spring disruptions.
  • The dip after 2022 reflects external pressures, currency adjustments, and inflationary challenges, though per capita levels remain well above early 2000s baselines.
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  • Flutterwave UK’s turnover rose from £0.93M in 2021 to £6.61M in 2024, showing consistent expansion.
  • Growth cooled from 311% in 2022 to 21% in 2024, reflecting market maturity.
  • The UK unit’s performance is now tied to Flutterwave’s global surge, with over $31 billion in payments processed in 2024.
  • The focus is shifting from rapid scaling to sustainable growth, compliance, and strengthening cross-border infrastructure.
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  • The US imported 425 million barrels of crude oil and other petroleum products from Nigeria in 2005, the highest in the past 32 years.
  • The US shale boom reduced America’s reliance on foreign crude.
  • The launch of the Dangote Refinery has increased domestic demand for crude oil, further reducing the amount available for export to the US.
  • Nigeria, which was regularly a top five crude oil supplier to the US in earlier decades, ranked ninth among its suppliers in 2024.
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  • Papua New Guinea remains unmatched: With 843 living languages, the Pacific nation continues to hold the title of the world’s most linguistically diverse country.
  • Nigeria tops Africa: Hosting 530 living languages, Nigeria ranks third globally and stands as Africa’s richest linguistic hub.
  • Indonesia (709) and India (454) are also in the top five, showcasing the dense cultural mosaic across Asia.
  • Even large, developed countries like the U.S. (239), Australia (225), and Brazil (222) make the list, proving that language diversity transcends geography and development.
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  • Lafarge Africa's revenue hit a decade-high of ₦697bn in 2024, reflecting a strong 71.7% year-on-year growth.
  • With ₦517bn in H1 2025 alone, Lafarge Africa has already achieved nearly 74% of 2024’s full-year revenue, signalling potential to surpass last year’s record if momentum continues.
  • The company has experienced sharp swings, including steep drops in 2016 (-17.8%) and 2019 (-30.9%).
  • Despite volatility, Lafarge has grown from ₦260bn in 2014 to ₦697bn in 2024, showing long-term expansion.
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  • South Africa’s share of Africa’s GDP has averaged around 20% since 1960.
  • The country’s relative dominance peaked in the early 1990s at nearly 28% of continental GDP.
  • Nominal GDP grew steadily from $8.7 billion in 1960 to over $400 billion in 2024.
  • South Africa’s share of Africa’s GDP has generally declined in recent decades as other African economies expanded faster.
  • Despite the relative decline, South Africa remains one of Africa’s largest and most influential economies.
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  • Microfinance deposits in Kenya grew at only 1.66% CAGR between 2014 and 2024.
  • The peak occurred in 2021 at KSh 50.2B, after which deposits began a steady decline.
  • 2015 (+13.2%) and 2020 (+12.3%) posted the strongest year-on-year growth rates.
  • The sector saw consecutive contractions from 2022 (-7.3%), 2023 (-5.7%), to 2024 (-2.0%).
  • Despite small rebounds in 2018 (+7.3%) and 2019 (+12.3%), the long-term trend is weak.
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