Bite-sized Insights about
 
Providing you with data-based insights about things happening around you.
Popular Insights

  • 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.

    See more
    Top ten African countries by estimated number of films produced annually

    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.

    See more
  • 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

    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.

    See more

  • 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.

    See more
    Top ten African countries by estimated number of films produced annually

    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.

    See more
  • 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
  • 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.
    See more
  • 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
 
  • Kenya recorded 2,008 protests in 2024, the highest in its modern history.
  • The number of protest events increased seven-fold between 2022 and 2024.
  • Social media has become a major mobilisation tool for civic expression.
  • Rising cost of living, taxation, and unemployment remain the top drivers of unrest.
See more
 
  • Africa recorded 12,581 protests and violent demonstrations in 2024.
  • Morocco led the continent with 3,654 protests, far ahead of others.
  • Kenya ranked second with 2,008 protests.
  • South Africa (1,715) and Nigeria (971) followed, driven by economic and political frustrations.
  • North African countries, such as Morocco, Tunisia, and Libya, accounted for a significant share of protests.
  • The bottom 10 countries, including Lesotho, Gambia, and Seychelles, recorded fewer than 10 protests each.
  • Djibouti and Eritrea reported zero protests.
See more
 
  • India recorded the highest number of protests and demonstration events globally in 2024 (22.1K).
  • The United States followed with 10.5K protest events.
  • Yemen (8.2K) ranked third, reflecting the instability and ongoing conflict-driven unrest.
  • Pakistan (7.3K) and France (6.9K) rounded out the top five, underscoring the diverse sources of civic agitation.
  • Morocco (3.7K) was Africa’s leading country for protest activity, placing 12th globally.
  • The global total of protest and violent demonstration events reached 153,573 in 2024.
See more
 
  • The Protestants dominate church networks in Nigeria, counting 68.1 million adherents, making up 63.9% of all Christians.
  • Following closely are the independent churches, with 30 million members, representing 28.2% of Nigerian Christians.
  • The Catholic Church stands firm with 27.9 million Christians, or about 26.2% of the Christian population.
  • At the smaller end of the spectrum are the Orthodox Christians, just 3,100 strong, and 152,000 unaffiliated believers who walk their spiritual path independently.
See more
 
  • West Africa dominates Africa’s top 15, holding six positions on the remittance importance index.
  • Zimbabwe (78) ranks as Africa’s top country in terms of remittances' importance.
  • Senegal (77) and Nigeria (72) highlight the central role of diaspora inflows in West Africa’s economies.
  • Morocco (74) leads North Africa in remittance importance.
  • Smaller nations like Lesotho (68) and Liberia (68) depend heavily on remittances relative to their GDP.
  • The lowest-ranked countries, including Angola (9) and Djibouti (11), rely minimally on remittance inflows.
See more
 
  • Stablecoins lead the market, accounting for 38.3% of all crypto sent, highlighting Nigerians’ preference for stability and dollar-backed assets.
  • Bitcoin ranks second at 27.3%, showing it remains a major channel for store-of-value transfers and remittances.
  • Altcoins like SOL, ADA, SHIB, and DOGE (15.4%) attract younger and experimental users but remain secondary to stable assets.
  • Ethereum (10.2%) and BNB (8.9%) maintain moderate transaction volumes, suggesting users favor low-fee and widely accepted tokens for transfers.
See more
 
  • Students are the largest crypto-holding group (43.6%), underscoring the youthful nature of Nigeria’s crypto community and their early adoption of digital finance.
  • Entrepreneurs follow closely (25.7%), showing strong participation from self-employed Nigerians, traders, business owners, and hustlers who use crypto for investment and business flexibility.
  • Traditional employees make up 17.4%, indicating growing acceptance of crypto beyond informal or youth circles, even among salary earners.
  • Freelancers and gig workers (5.6%) also feature, reflecting crypto’s role in global online work and cross-border earnings. Unemployed and retired individuals remain a small minority, under 3.5% combined.
See more
 
  • About 60% of users make less than $50 per month, showing crypto activity is mostly at a small, retail scale.
  • The $10–$50 band (36%) is the single largest group, reflecting frequent, low-value trading or incremental investment returns.
  • Only about 30% of users earn between $50 and $500, suggesting that consistent moderate returns are less common.
  • Less than 3% of users earn above $1,000 per month, confirming that the Nigerian crypto market remains largely retail-driven rather than dominated by professional or institutional traders.
See more
 
  • 56.1% of users mostly send crypto, compared to 43.9% who mostly receive it, showing an active transaction culture.
  • Investing in other platforms or projects leads as the top reason for sending crypto (29.2%), indicating strong speculative and wealth-building motives.
  • Every 1 in 4 users (25.1%) use crypto for daily transactions like bills and subscriptions, showing rising integration into everyday finance.
  • Cross-border payments (7.7%) and donations (4.6%) remain small but notable niches, signaling growing utility beyond trading.
See more
 
  • 2024 was the strongest year on record, with 495.6k tons of cargo transported, more than 60% higher than 2023 and ₦1.95 billion in freight revenue.
  • Cargo volume and revenue both crashed in 2020 due to COVID-19 disruptions, falling to 87.4k tons and ₦281.4 million respectively.
  • Recovery began in 2021–2022, as improved freight operations and industrial demand pushed steady gains in both tonnage and income.
  • Q1 2025 shows 181.5k tons and ₦650m (approx.) in revenue, signaling strong momentum that could surpass 2024 totals if maintained.
See more
 
  • 2020 marked the lowest point for both passenger volume (1.02 million) and revenue (₦1.7 billion), reflecting the full impact of COVID-19 lockdowns.
  • Strong recovery followed in 2021, with passenger numbers jumping to 2.71 million and revenue surging by 226% to ₦5.6 billion.
  • 2024 was the best-performing year, recording ₦6.7 billion in revenue and 3.14 million passengers, a clear sign of renewed public confidence in rail transport.
  • Q1 2025 (₦1.9 billion revenue, 929,000 passengers) suggests steady ridership levels but moderate momentum compared to the 2024 surge.
See more
     
  • Nigeria’s domestic debt jumped from ₦3.8 trillion in 2010 to ₦80.55 trillion by mid-2025.
  • Foreign debts increased from $4.27 billion in 2010 to $46.98 billion in 2025, reflecting growing reliance on external financing.
  • Debt accumulation surged notably after 2020, coinciding with pandemic spending, naira depreciation, and higher fiscal deficits.
  • The widening gap between revenue and debt service raises questions about Nigeria’s long-term debt sustainability.
See more
1 2 3 4 5 … 114
  • The naira buys the most in countries like Guinea, Uganda, Burundi, and Malawi, where local currencies have lost value faster.
  • High inflation and unstable monetary systems have eroded the strength of several African currencies.
  • Most of the weakest currencies are in East and West Africa.
  •  The naira’s higher value in these countries does not mean it has fully recovered.
Read more
  • Anambra has the highest intercity transport fare at ₦9,862, exceeding the national average by ₦1,857.
  • Kwara recorded the lowest fare at ₦5,991, a difference of nearly ₦3,900 from Anambra.
  • The national average fare for intercity bus travel stood at ₦8,005 as of July 2025.
  • Imo (₦9,710) and Oyo (₦9,708) followed closely behind Anambra, rounding out the top three highest-fare states.
  • The South West (₦8,570) and South East (₦8,547) were the most expensive regions for intercity bus travel.
Read more
  • Lagos State tops the list with the highest intra-city bus fare at ₦1,384, exceeding the national average by ₦355.
  • Abia State recorded the lowest average fare at ₦508, showing a stark difference of ₦876 between the highest and lowest states.
  • The national average fare for a bus trip within Nigerian cities stood at ₦1,028.40 as of July 2025.
  • Nasarawa (₦1,306) and Enugu (₦1,280) followed closely behind Lagos State, rounding out the top three highest fares.
  • The South West had the highest regional average fare (₦1,116), while the South South (₦985) and North West (₦995) had the lowest.
  • States like Taraba (₦1,250) and Zamfara (₦1,248) also featured in the top six, showing that high fares are not limited to Southern urban centres.
 
Read more
  • Osun (₦1,867) has the highest CoHD, while Kaduna (₦1,227) has the lowest, a gap of ₦640.
  • The national average CoHD stood at ₦1,495 as of December 2024.
  • Southern states, particularly in the South West, record the highest diet costs.
  • Northern states dominate the list of the most affordable places to eat healthy.
  • Rising costs in urban centres like Lagos (₦1,702) and Rivers (₦1,780) reflect the impact of logistics and inflation.
  • The ₦640 state gap shows inequality in dietary access, which can deepen nutrition and welfare disparities.
Read more
  • The share of minimum wage needed to afford a healthy diet fell from 124.1% in June to 54.2% in July 2024, when the minimum wage was increased from ₦30,000 to ₦70,000.
  • Before July, the cost of a healthy diet for a month exceeded 100% of [the] minimum wage, making it unaffordable for minimum-wage earners.
  • The sharpest burden was recorded in June 2024, when households needed their full salary plus 24% extra to eat healthily.
  • Between July and December, affordability worsened slightly from 54.2% to 64.1%, indicating that food prices continued to rise despite the wage boost.
  • The implementation of the ₦70,000 minimum wage in 2024 provided significant relief to Nigerian households struggling with the high cost of eating healthily.
Read more
  • The Cost of Healthy Diet (CoHD) in Nigeria increased by over 74% in 2024.
  • The average cost rose from ₦858 in January to ₦1,495 in December.
  • June 2024 recorded the sharpest monthly jump at 19.2%, the highest of the year.
  • From August to December, CoHD rose steadily — showing no reversal in trend.
  • The persistent rise reflects food inflation, weak supply chains, and increasing import costs.
  • For many Nigerians, maintaining a healthy diet is becoming increasingly unaffordable, threatening nutrition and welfare outcomes.
Read more
1 2 3 4 5 … 228
Can’t find what you’re looking for? Please fill the form below
Contact Form Demo
SIGN UP TO OUR NEWSLETTER
Get periodic updates about the African startup space, access to our reports, among others.
Subscribe Here
Subscription Form
A product of Techpoint Africa. All rights reserved