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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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  • 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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  • 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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    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's VAT revenue has grown every year since 2013, reaching ₦3.6 trillion in 2023. The amount collected in 2023 exceeded 2022’s by ₦1.13 trillion — a 45% increase.

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  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

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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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Other Insights
 
  • 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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  • The United States dominates global natural gas production in 2024, contributing 1.03 trillion cubic metres (Tcm), nearly one-quarter of the world’s total.

  • Russia (0.63Tcm) and Iran (0.26Tcm) follow as the second and third largest producers.

  • China (0.25Tcm) and Canada (0.19Tcm) also feature strongly, rounding out the top five producers.

  • Collectively, these top five countries account for more than 50% of global production.

  • Emerging producers like Nigeria, Egypt, and Azerbaijan contribute significantly to the supply but remain far behind the leading nations.

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  • Burundi recorded its highest GDP per capita in 2015 ($280.97).

  • By 2024, GDP per capita dropped to $153.93, a decline of nearly 45% from its peak.

  • Burundi’s population exceeds 13 million (2024), which dilutes income per person even when overall GDP grows.

  • Structural challenges like limited industrialization, reliance on subsistence farming, and political instability contribute to stagnation.

  • Since 2015, Burundi has held the lowest GDP per capita in Africa—and at $153.9 in 2024, it is the poorest country in the world by GDP per capita.

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  • Zimbabwe’s GDP per capita nearly quintupled since 2000, marking a 472% increase over 25 years.
  • The country's GDP per capita declined consistently from 2001 to 2008.
  • It soared to $3,448.1 in 2017, which is still the highest in the country's history.
  • The GDP per capita plummeted to $2,271.9 in 2019, recording a (34.1%) decrease.
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  • China continued to lead globally with the highest number of international scholars in the US, with almost 21% of the international scholars as of 2023/2024.
  • China has been the lead country with the highest number of scholars in the US globally in the last 24 years.
  • India is next after China, with 17,735 scholars in US who hailed from India making up 15.8% of the population.
  • Only 1% of the scholars in the US are from Nigeria
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  • Seychelles’ GDP per capita rose from $8.06k in 2000 to a peak of $19.14k in 2019, more than doubling in two decades.
  • After steady growth through the 2010s, the COVID-19 pandemic in 2020 cut GDP per capita to $14.04k, a 26% drop from 2019.
  • Recovery has been gradual, with GDP per capita rebounding to $18.26k in 2023, though still below the 2019 high.
  • By 2024, GDP per capita settled at $17.86k, showing resilience but reflecting ongoing global and domestic economic pressures.
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  • Global rugby participation grew by 11% in 2023, reaching 8.46 million players.
  • Female participation increased by 37%, showing the fastest growth in the sport.
  • Male participation also rose by 26%.
  • The substantial rise in female players signals rugby’s growing inclusivity.
  • The global rise suggests rugby is gaining ground beyond traditional rugby nations.
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  • Kenya's GDP per capita soared from $414.6 in 2000 to a significant $2206.1 in 2024, marking a 532% increase.
  • The country saw its largest single-year jump between 2006 and 2007, rising by 33.7% from $523.5 to $699.8.
  • Economic downturns were visible in 2020 (-1.7%) and 2023 (-7.5%), showing vulnerability to shocks.
  • Since 2020, GDP per capita has grown by 14.5%, with 2024 recording the highest value.
  • Kenya’s GDP per capita rose in 20 of the past 24 years, and declines occurred in only 4 years (2001, 2002, 2020, and 2023).
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  • Endeavour Mining leads with a 2,253.0 pence share price — the highest among the largest African firms on the LSE.
  • Investec ranks second at 544.4 pence, showing a wide gap from the leader.
  • Seplat Energy (255.5 pence) is the second-highest in the extractive industry after Endeavour Mining.
  • Airtel Africa (210.0 pence) is the top telecom firm on the list.
  • Guarantee Trust HoldCo has the lowest share price at 5.0 pence.
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  • The combined market cap of the top 10 African firms on the LSE is £29.8B.
  • Airtel Africa leads with £7.32B, the largest market cap among African-listed companies.
  • Endeavour Mining follows with £5.63B, making it the largest extractive industry player on the list.
  • Commercial International Bank is the top financial services firm with £4.27B.
  • Five companies from financial services are in the top 10, collectively representing a major sectoral share.
  • The telecom sector is represented by Airtel Africa and Helios Towers (£1.25B), showing telecom’s increasing investment appeal.
  • Nigeria has two companies — Guarantee Trust HoldCo and Seplat Energy — [each] with over £1B market cap.
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  • In Africa, 275 million people were recorded to be malnourished in 2023.
  • Nigeria led the list of countries in Africa with the highest number of malnourished people (45.40 million), making 16.5% of the total.
  • Nigeria was followed by the Democratic Republic of Congo with 40.7 million, 14.8% of the total.
  • Nigeria, the Democratic Republic of Congo, Ethiopia and Kenya made up almost 50% of the total number of malnourished people in Africa.
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  • From H2 2013 to H1 2020, 9mobile gained more subscribers from other networks than it lost.
  • From H2 2021 onward, more subscribers left 9mobile for other networks than joined.
  • Net half-year losses grew from about 5,143 in H2 2021 to 28,735 in H2 2024.
  • Outgoing ports peaked at 28,885 in H2 2024, the highest half-year total on record.
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  • Urban electricity access has remained between 80% and 89% since 1990, never crossing to 90%.
  • The inability to achieve universal access suggests that infrastructure expansion has struggled to keep pace with rapid urbanisation and population growth.
  • Periodic dips in access, such as in 2010 and 2015, point to challenges in maintaining consistent electricity supply rather than just extending connections.
  • Insufficient generation, outdated grids, and policy inefficiencies have constrained Nigeria’s ability to deliver reliable and universal electricity access even in its urban centres.
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  • Rural electricity access increased from just 4% in 1990 to about 33% in 2023, showing gradual progress over three decades.
  • The data reveals irregular jumps in certain years—such as 2003, 2011, and 2016—likely tied to temporary electrification programmes or revised data estimates. D
  • espite improvements, nearly two-thirds of rural Nigerians still lack electricity, underscoring a wide disparity in energy access across regions.
  • The slow rate of expansion highlights ongoing issues with investment, grid extension, and maintenance that continue to limit rural electrification efforts.
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  • Manufacturing records the highest monthly revenue at ₦8.27m, nearly double that of the next sector.
  • Healthcare (₦5.02m) and Transportation (₦3.70m) follow, reflecting essential service demand.
  • Industries like Marketing & Advertising (₦191k), Food & Beverages (₦320k), and Education (₦440k) earn significantly less on average.
  • The difference between top earners (Manufacturing, Healthcare) and bottom sectors highlights a stark inequality in industry.
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  • The South West is the only region with MSMEs reporting revenues above ₦100 million, accounting for 100% of that bracket.
  • While high-revenue firms cluster in the South West, the South South leads in the ₦10M–₦99.9M range, with over 50.8% share.
  • The North Central (30.3%) has the highest share of MSMEs earning less than ₦100,000 monthly, followed by the North East (19.6%).
  • The ₦200K–₦999.9K range is more evenly spread across regions, but the South West and South South consistently record stronger representation.
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  • Nigerian naturalisations in Canada rose from 5,286 in H1 2022 to 6,831 in H1 2025, a 29% increase overall.
  • H1 2023 marked the highest level with 7,400 new citizens.
  • Numbers declined through 2024, bottoming at 6,057 in H2.
  • The rebound in H1 2025 signals sustained interest in Canadian citizenship among Nigerians.
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  • Nigeria accounts for 25.9% of all new Canadian citizens of African origin, more than triple any other African country.
  • Morocco, Algeria, and Tunisia rank next, each contributing over 5% of total new citizens of African origin.
  • Countries like Eritrea, Ethiopia, and DR Congo show steady growth, reflecting widening migration links with Canada.
  • South Africa closes the top ten with 832 citizens (3.2%), indicating smaller but consistent migration flows.
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