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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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    Countries by Global Innovation Index 2024

    The Global Innovation Index 2024 reveals a striking contrast in innovation performance between countries globally and across Africa. Switzerland leads the global rankings with an impressive score of 67.5, followed by Sweden (64.5) and the USA (62.4), highlighting their sustained investments in research, development, and technological advancement.

    In Africa, Mauritius takes the top spot with a score of 30.5, followed closely by Morocco (28.8) and South Africa (28.3). However, even Africa's most innovative nations achieve less than half the score of global leaders, indicating a significant innovation gap.

    Nigeria ranks 15th in the African ranking and 113th globally, out of 133 countries, with a score of 17.1.

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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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    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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  • 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
    Countries by Global Innovation Index 2024

    The Global Innovation Index 2024 reveals a striking contrast in innovation performance between countries globally and across Africa. Switzerland leads the global rankings with an impressive score of 67.5, followed by Sweden (64.5) and the USA (62.4), highlighting their sustained investments in research, development, and technological advancement.

    In Africa, Mauritius takes the top spot with a score of 30.5, followed closely by Morocco (28.8) and South Africa (28.3). However, even Africa's most innovative nations achieve less than half the score of global leaders, indicating a significant innovation gap.

    Nigeria ranks 15th in the African ranking and 113th globally, out of 133 countries, with a score of 17.1.

    See more

  • 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.

    See more

  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

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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.

    See more
Other Insights
 
  • Total received: $125 billion in on-chain value.
  • Stablecoin value: $54 billion, representing 43.2%.
  • Bitcoin comparison: Stablecoins received more than twice Bitcoin’s value.
  • Key driver: Currency depreciation and limited dollar access.
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  • Nigeria recorded its highest refinery throughput since 1990 at 360,000 b/d.
  • Throughput increased by 50.6% from 239,000 b/d in 2024.
  • The 2025 level was more than 20 times the 17,600 b/d recorded in 2023.
  • Nigeria remained Africa’s third-highest, behind Algeria and Egypt.
  • Dangote’s contribution is not reported separately.
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  • Spain replaced Argentina at the top after beating them in the 2026 FIFA World Cup final.
  • Morocco moved from seventh on 11 June to sixth on 20 July, Africa’s highest position in 32 years.
  • Morocco is 0.93 points behind fifth-placed Brazil and remains the only African team in the global top 10.
  • FIFA adds or subtracts points based on match results, match importance and opponent strength.
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  • Government debt across 51 African countries was estimated at $1.93 trillion in 2025.
  • South Africa and Egypt had the largest estimated stocks and jointly accounted for 33.8% of the total.
  • Sudan had the highest debt-to-GDP ratio at 187.6%, followed by Senegal at 130.2%.
  • The estimates use IMF debt ratios and current-dollar GDP, not national authorities’ reported debt stocks.
  • Differences in government coverage, instruments and valuation mean the figures are comparable estimates, not fully harmonised official data.
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  • Ghana recorded the most striking recent growth, reaching 12,825 students in 2024/25.
  • Nigeria remained Africa’s leader with 21,847 students.
  • Nigeria, Ghana, Kenya and Egypt have held the top four positions since 2008/09.
  • Their combined share of African enrolment increased from 46.1% to 60.7%.
  • Africa had 73,406 students enrolled in US higher education in 2024/25.
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  • South Africa led with $8.52 billion, only $140 million ahead of Morocco.
  • Morocco’s imports have grown steadily, while South Africa’s 2025 figure was a recovery toward its 2012 peak.
  • Egypt ranked third, followed by Algeria and Nigeria.
  • The top 10 markets accounted for 67.1% of Africa’s $56.48 billion total.
  • Road vehicle imports include vehicles, parts, motorcycles, trailers, and semi-trailers.
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  • Africa exported a record $86.2bn worth of goods to China in 2025.
  • China received about 12.5% of Africa’s total merchandise exports.
  • Annual exports remained below $10bn until 2004, before accelerating sharply.
  • Export values have remained relatively high since 2021 despite earlier downturns.
  • The trade relationship remains heavily commodity-led, with limited manufactured exports.
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  • Only 3 of 52 African economies met the export-market diversification test in 2025.
  • Nigeria recorded the largest and most sustained shift, with its top-buyer share falling from 43.1% to 9.9%.
  • Madagascar’s top-market share dropped from 40.0% to 14.9% and has remained below 20% since 2021.
  • Libya narrowly qualified at 19.5%, after remaining above the threshold in 2024.
  • The test measures reduced dependence on one export destination, not greater product diversification.
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  • African teams have made 59 FIFA World Cup appearances since 1934.
  • Africa has advanced beyond the first stage 20 times.
  • Five African campaigns have reached the quarter-finals.
  • Morocco is the only African nation to reach the semi-finals.
  • Morocco is also the first African nation to reach two World Cup quarter-finals.
  • No African team has reached the final or won the World Cup.
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  • The UK made 672,400 visa decisions involving African applicants in 2025.
  • Visitor visas dominated the decisions, accounting for 521,400, or about 78% of the total.
  • Study visas had the highest issue rate, with 88.5% of decisions resulting in issued visas.
  • Visitor visas had a much lower issue rate at 66.5%, despite having the largest decision volume.
  • Work visa decisions had a 71.6% issue rate, below the global work visa average of 86.5%.
  • Other visa routes had the lowest issue rate, with only 53.4% of decisions resulting in issued visas.
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  • Kenya led Africa’s outward FDI in 2025, recording $1.26bn.
  • Nigeria followed closely with $1.19bn, after a 191% increase.
  • Together, Kenya and Nigeria accounted for $2.45bn of the top 10 total.
  • Morocco and Egypt completed the top four, with $812.8m and $695.9m.
  • Angola recorded the fastest growth among the top 10, rising 278%.
  • Africa’s total outflow was lower because negative outflows offset gains elsewhere.
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  • Nigeria’s FDI inflows rose to $4.01 billion in 2025, the highest level since 2014.
  • The 2025 figure represents a 148% increase from the revised $1.61 billion recorded in 2024.
  • Despite the rebound, Nigeria remains far below its 2011 peak of $8.91 billion.
  • Nigeria’s strongest FDI period was 2005 to 2014, when inflows stayed above $4 billion every year.
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  • 3G's share of Nigeria's mobile market fell from 16.5% to 5.1% between May 2023 and May 2026.
  • 4G became the dominant network, with its market share rising from 25.1% to 54.3% over the same period.
  • 2G's share declined from 58.4% to 36.1% but still accounted for more than one-third of all mobile connections.
  • 5G expanded nearly 37-fold, growing from less than 0.1% to 4.5% of mobile subscriptions.
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  • Nigeria's 36 states received a combined ₦4.14 trillion in FAAC allocations in Jan-May 2026, up ₦735.4 billion (21.6%) from a year earlier.
  • Thirty-five states received higher allocations than a year earlier, while Rivers was the only state to record a decline (₦7.15 billion).
  • Lagos recorded the largest increase in FAAC allocations (₦119.5 billion), more than three times the increase recorded by Oyo (₦38.3 billion).
  • Oyo, Kano, Borno, and Jigawa rounded out the top five states with the largest increases in FAAC allocations.
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  • OPay and Chipper Cash became Africa's fastest unicorns, reaching $1 billion in just 3 years.
  • Interswitch took 17 years to become a unicorn, the longest journey on the list.
  • Moove became Africa's 10th unicorn, reaching the milestone 6 years after it was founded.
  • Half of Africa's unicorns reached a $1 billion valuation within 6 years.
  • Eight of the 10 African unicorns primarily operate in the fintech sector.
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  • Nigeria's insurance industry generated ₦2.3 trillion in gross premium written in 2025.
  • Gross premium written increased 47.3% from ₦1.56 trillion in 2024.
  • Premiums have grown by 273% since 2021, from ₦616.6 billion.
  • Gross premium written has increased every year since 2021.
  • Premium growth does not necessarily mean higher insurance coverage or profitability.
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  • AXA Mansard, NEM Insurance and AIICO generated 51.7% of the combined revenue of 17 NGX-listed insurers.
  • The top three earned ₦449.9 billion, ₦30.3 billion more than the other 14 insurers combined.
  • The 17 insurers generated a combined ₦869.6 billion in insurance revenue in 2025.
  • AXA Mansard recorded the highest insurance revenue at ₦160.6 billion.
  • Revenue rose at 15 insurers, but only four reported higher profits.
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  • Ethiopia recorded Africa's fastest real GDP per capita growth between 2000 and 2025.
  • Rwanda ranked second, while Sierra Leone, Tanzania and Djibouti completed the top five.
  • Ethiopia's real GDP per capita rose 322%, from $910 to $3,843.
  • Mauritius recorded Africa's largest absolute gain in real GDP per capita.
  • Nigeria ranked 15th, with real GDP per capita increasing 76.7%.
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