• Nigeria leads Africa in pay TV subscribers, with 9.69 million, followed closely by South Africa, which has 9.28 million.
• Together, both countries account for nearly 40% of the continent’s total pay TV subscribers.
• Kenya holds third place with 2.89 million subscribers.
• Central African Congo (2.04M) and East African Uganda (1.77M) are becoming key pay TV growth zones.
• Tanzania’s 2.27 million subscribers underscore the country's growing media consumption, particularly in urban centres.
• Côte d’Ivoire and Angola, with 1.38 million and 1.06 million, respectively, demonstrate growing demand even in relatively smaller economies.

• DStv is expected to remain the market leader by 2028, with a 28.26% share, despite a decline from 36.27% in 2019.
• StarTimes’ share is projected to remain relatively stable, around 24.9% by 2028, underscoring consistent consumer demand.
• Canal Plus is growing, increasing from 16.2% in 2019 to 19.76% by 2028, showing its expanding influence in Africa.
• Smaller players, such as StarSat and Easy TV, will continue to hold marginal but stable positions across the continent.
• The overall pay TV market in Africa is fragmenting, with top platforms losing dominance as competition intensifies.

• Administrative & support services showed the highest percentage increase at 21.07%.
• Agriculture is the largest sector by GDP value, at ₦59.31 trillion.
• Trade is the second largest sector by GDP value, at ₦37.81 trillion.
• Real estate is the third largest sector by GDP value, at ₦28.96 trillion.
• Other services experienced negative growth, decreasing by -1.17%.
• Electricity, gas, steam and air conditioning supply recorded the lowest positive growth at 0.56%.

• Total Trade Volume in Q1 2025 stood at ₦36.02 trillion, with exports totalling ₦20.6 trillion and imports at ₦15.4 trillion, resulting in a surplus of ₦5.17 trillion.
• Crude oil dominates Nigeria’s export trade, accounting for the largest share of export revenue. -
• Other petroleum oil products are also a major export item, reflecting the significance of both raw and refined oil-based commodities in Nigeria’s trade portfolio. -
• On the import side, manufactured goods dominate, showing Nigeria’s continued reliance on foreign machinery, technology, and consumer goods.
• While Nigeria exports mostly raw and oil-based products, it imports refined, processed, or industrial goods, indicating a structural trade gap and limited local industrial capacity. -
• Agricultural and raw material goods feature on both sides of trade, but their value is significantly less than petroleum-related trade.

• India is Nigeria’s largest export destination Nigeria exported ₦2.84 trillion worth of goods to India in Q1 2025, driven largely by crude oil.

• China dominates imports into Nigeria China supplied ₦4.66 trillion worth of goods, far outpacing all other countries. Likely dominated by electronics, machinery, and manufactured goods.
• The United States appears on both sides. Nigeria exports ₦1.54 trillion to the US and imports ₦1.42 trillion, showing a relatively balanced trade relationship.
• European countries are major export Partners Netherlands (₦2.30T), France (₦1.44T), and Spain (₦1.44T) are prominent export destinations, indicating strong demand for Nigerian crude oil and other commodities in Europe.
• UAE barely makes the import list. The UAE closes out the top import list at ₦0.61 trillion, showing relatively lower trade volume compared to others, but still significant enough to be in the top 5.

- Kenya led with 90.1 percent account ownership in 2024.
- Mauritius (89.6 percent) and Ghana (81.2 percent) also in top 3.
- Nigeria ranked 11th at 63.3 percent; Tanzania fell short at 59.8 percent.
- Only 14 African countries exceeded the 60 percent inclusion benchmark.
- Another 14 African countries have no recent data in the Global Findex

• Nigeria’s FAAC revenue increased 49% YoY in March 2025 (₦1.68T vs ₦1.12T in March 2024).
• February 2025 saw a 48% increase YoY (₦1.70T vs ₦1.15T in February 2024).
• April 2025 revenue rose by 41% YoY, moving from ₦1.12T in April 2024 to ₦1.58T.
• January 2025 showed no YoY change, recording ₦1.42T in both 2024 and 2025.
• The consistent growth in H1 2025 FAAC revenues signals improved government revenue mobilisation, better oil/non-oil collections, and higher capacity for states to meet obligations.

• Nigeria’s exchange rate gain revenue dropped by 73.2% in H1 2025 compared to H1 2024.
• In April 2025, exchange rate gain fell by 90% year-on-year from ₦285.5B to ₦28.7B.
• May saw an 81% drop, with revenue declining from ₦438.9B in 2024 to ₦81.4B in 2025.
• January 2025 was the only month with a stable figure, matching January 2024’s ₦402.7B.
• Exchange rate gain revenue for February and March 2025 was unavailable, likely worsening the total.
• The first half of 2025 generated only ₦589.4B in FX gains, compared to ₦2.2T in the same period in 2024.

• The value of agricultural goods exported in Q1 2025 rose to ₦1.70 trillion, up 64.65% year-on-year and 10.63% quarter-on-quarter, highlighting continued growth in the sector.
• Standard and superior cocoa beans led the chart, contributing a combined ₦1.23 trillion, with major buyers being The Netherlands (₦344.17B) and Belgium (₦203.17B).
• Cashew nuts in shell earned ₦157.63B, mostly exported to India (₦87.56B) and Vietnam (₦69.74B), while sesamum seeds brought in ₦128.18B.
• Soya bean flours and ornamental flowers fetched ₦27B and ₦18B respectively, showing Nigeria's export mix is broadening.

• Lagos alone accounts for nearly 25% of all Nigerian states’ external debt, totalling $1.17 billion.
• The combined debt of Lagos, Kaduna, and Edo is larger than the sum of the debts of the bottom 30 states.
• States like Yobe, Abuja, and Jigawa each owe less than $25 million externally, indicating minimal foreign exposure.
• Cross River, Rivers, and Ogun round out the top six debtors, each with external debts around [$190–210] million.
• Just eleven states owe over $100 million each, while the majority owes less than that threshold.
• Despite 36 subnational governments, the federal government’s $40.98 billion external debt is over 8x that of all states combined.

• Lagos alone holds more domestic debt than the bottom 25 states combined.
• Jigawa’s domestic debt of ₦1.06 billion is less than 0.15% of Lagos’s debt, showing the widest disparity.
• The 10 highest-indebted states account for nearly 70% of the total domestic debts across Nigerian states.
• The Federal Capital Territory (FCT) carries more debt than 17 other states.

• Inflation jumped by 13.4 percentage points, from 9.0% pre-Buhari to 22.4% post-Buhari.
• The value of the naira] depreciated by over 235% during Buhari’s tenure, ending at ₦645.2/$.
• Total public debt increased nearly 7x, from ₦12.6 trillion in 2015 to ₦87.4 trillion in 2023.
• Nigeria’s GDP growth rate averaged just 1.24% annually between 2015 and 2023.
• Foreign reserves peaked at $44.5 billion in 2018 but dropped to $38.3 billion by 2023.
• FDI inflows showed volatility, with the highest being $3.5 billion in 2021 and the lowest at $0.8 billion.
• Nigeria's GDP growth rate was modest, with the country experiencing a recession in 2016.