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  • Bitcoin has seen remarkable growth since 2010. Starting from a high of just $0.5 in 2010, it reached an all-time high of $73.7k in March 2024.

    It recorded new peaks in 2011, 2013, 2017, 2020, 2021, and recently in 2024.

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    • The highest-grossing Nollywood movie has grown from a modest ₦30 million in 2009 to over ₦1 billion in 2023.
    • Since 2016, Nollywood's highest-grossing movie at the local box office has stayed above ₦250 million.
    • Four of Nollywood's highest-grossing movies in the past five years have been produced by Funke Akindele.
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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 has added ₦23.9 trillion to the debt it owes creditors within the country as of Q2 2023. As of June 2023, the country's domestic debt had risen from ₦30.2 trillion in March to ₦54.1 trillion, a 79% 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
 
  • Africa’s population in H1 2025 stood at 1.51 billion.
  • Eastern Africa is the most populous region with 500.7M people (33.0%).
  • Western Africa follows with 456.3M (30.1%).
  • Together, Eastern and Western Africa account for over 63% of Africa’s total population.
  • Southern Africa is the least populous with 73.1M (4.8%).
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  • Africa’s largest net migration gain was in 1985, with +328K people.
  • The continent faced its steepest loss in 2010, with -998K.
  • 2020 was a standout year in recent decades with +248K net gain.
  • The 2024 net migration figure of -644K is the third-largest loss since 1955.
  • Despite a partial recovery in 2025 to -378K, losses still outweigh gains.
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  • Africa’s share of the global population has more than doubled, from 9.3% in 1955 to an estimated 18.8% in 2025.
  • The most rapid growth has occurred since 2000, increasing from 13.5% to 18.8% over 26 years.
  • Between 1980 and 2000, Africa’s share rose modestly from 10.9% to 13.5%.
  • The most significant 20-year gain occurred between 2000 and 2020, with an increase of 4 percentage points.
  • Population growth in Africa contrasts with stagnation or decline in many other parts of the world.
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  • Nigeria leads Africa with 1,630.83 points, ranked 36th globally, maintaining their long-standing supremacy in Africa's women’s football.
  • South Africa remains second, 165 points behind Nigeria, consolidating their position after consistent WAFCON performances.
  • North Africa's breakthrough is evident with Morocco at 3rd, driven by recent World Cup appearances and continental success.
  • There is tight competition in mid-table, with Zambia, Cameroon, and Ghana separated by less than 12 points.
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  • Nigeria’s D’Tigress leads Africa with 640.1 points, holding 8th place in the world rankings.
  • Mali sits in second with 343.7 points, more than 290 points behind Nigeria.
  • Senegal, Mozambique, and Cameroon complete Africa’s top five, all ranked within the global top 40.
  • South Sudan enters the continental top 10 at 10th, while ranking 55th globally.
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  • The USA dominates the rankings with 880.9 points, holding a significant lead over second-placed Australia (719.6).
  • France and China follow closely in 3rd and 4th, separated by just 6.5 points.
  • Nigeria’s D’Tigress ranks 8th globally with 640.1 points, the highest for any African nation.
  • Brazil and Serbia round out the top 10, both under 640 points.
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  • Nigeria led with 78.9 Mtoe, accounting for over 22% of Africa’s total oil output.
  • Algeria (59.3 Mtoe) and Angola (57.4 Mtoe) followed closely; the three top producers together supplied] 56% of the continent’s oil.
  • Africa’s total oil production was 345.5 Mtoe, just 7.6% of the global total (4,542.7 Mtoe).
  • The top 5 producers accounted for over 80% of Africa’s oil.
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  • The United States of America dominated the production of gas oil with 234,886 metric tons, making up 32.4% of the global total in 2023.
  • Only four countries in Africa, Niger, Chad, Ghana and Zambia, produced gas oil.
  • Africa barely produced 0.13% of the global total of gas oil.
  • Australia imported 25.1k metric tons of gas oil, making it the country with the highest quantity of gas oil import in 2023.
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  • FIRS recorded ₦15.9 trillion of non-oil tax, almost three times the ₦5.8 trillion recorded for oil tax.
  • Non-oil tax revenue made up 73.3% of the total revenue collected in 2023.
  • From 2012 down to 2024, non-oil tax revenue surpassed oil tax revenue most of the time.
  • Oil taxes are petroleum profit tax and company income (oil & gas) tax while non-profit tax includes company income (non-oil) tax, gas tax, capital gains, stamp duty, NCS import VAT, and non-import VAT.
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  • The United States of America led the production of black liquor with 696.0PJ produced making up 38.9% of the global total produced in 2023.
  • South Africa is the only African country producing black liquor with 16.4PJ produced making up 1% of the global total.
  • The total amount of black liquor produced globally in 2023 was 1,787PJ.
  • Sweden, Canada, Finland and Japan produced 185.1PJ - 10.4%, 157.9PJ - 8.8%, 142.5PJ - 8.0% and 133.0PJ - 7.4% respectively.
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  • In 2023, South Africa produced 1.199 million tonnes of apples, making 32.5% of the total quantity of apples produced in Africa.
  • Only ten countries in Africa produced apples, making 3.8% of the global total of apples produced.
  • South Africa exported over 50% of the apples it produced in 2023.
  • Nigeria didn't produce but imported 44.73K tonnes of apples.
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  • The Democratic Republic of Congo is the highest charcoal-producing country in Africa with 274.62PJ (petajoules) of charcoal produced in 2023.
  • Nigeria is the ninth country on the list, with 43.76PJ.
  • The total amount of charcoal produced in Africa in 2023 was 1,367.26PJ.
  • Africa claims 69.2% of the total quantity of charcoal produced globally.
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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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  • India accounts for 23.4% of all new citizens, the largest share by far.
  • Four of the top five source countries (India, Philippines, Iran, China) are in Asia, showing the region’s migration strength.
  • Nigeria ranks third, contributing 4.5% of total new citizens, the highest share from Africa.
  • Traditional migration partners like the U.K. and U.S.A. contribute smaller shares, under 3% each, highlighting a shifting global migration pattern.
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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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