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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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    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.

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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.

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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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    • Airtel Africa leads the Nigerian stock market with a market cap of ₦8.11 trillion naira, followed by Dangote Cement at ₦8.10 trillion and BUA Foods at ₦7.52 trillion.
    • The largest public companies in Nigeria are mostly in financial services, industrial goods and consumer goods.
    • A total of 16 Nigerian public companies have surpassed the ₦1 trillion market cap threshold.
    • The lowest-ranked trillion-naira company, First HolCo, has a ₦1 trillion naira market cap.
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  • 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
 
  • Morocco’s GDP per capita has shown a fluctuating pattern in the last 25 years, with periods of steady growth and also fall.
  • The years 2003–2008 stand out as a high-growth phase, with GDP per capita rising rapidly from $1,941.9 to $3,183.2.
  • In 2021, a dramatic 15.9% rebound took GDP per capita up to $3,785.9.
  • In 2024, nominal GDP per capita stood at $3,993.4.
  • The last 25 years depict a more than twofold increase in Morocco’s GDP per capita, moving from $1,499.1 to $3,993.4.
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  • Egypt remained the lead African country with the highest number of international scholars in the US, with 942 recorded in the 2023/2024 academic session.
  • As of the 2023/2024 academic session, 4,679 international scholars in the United States of America are from Africa.
  • A total of 931 international scholars in the US as of the same session are from Nigeria.
  • Africa produced 4.2% of the international scholars in the US for the session under review.
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  • Nigeria has been the second leading source of African scholars in the US since 2008/09 to 2023/24, after overtaking South Africa.
  • By the 2023/24 academic session, the number of Nigerian scholars in the US reached 931.
  • Given past trends, it’s not unrealistic to predict that Nigeria could surpass Egypt in the near future, just as it did South Africa.
  • Approximately 20% of the African scholars in the US are Nigerians.
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  • Only 37 countries produced bio-diesel in 2023.
  • No African country produced bio-diesel.
  • The US remained the dominant producer of bio-diesel with 15.25 million metric tons produced in 2023, which is 36% of the total quantity produced globally.
  • Germany was the top exporter of bio diesel with 2.18 million metric tons.
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  • Nigeria leads Africa with 238 million people in July 2025.
  • Namibia, though the second largest in the South, has only 3 million people.
  • In Eastern Africa, Ethiopia (135M) and Tanzania (71M) dominate.
  • Egypt (118M) and Sudan (52M) are Northern Africa’s population leaders.
  • South Africa (65M) is Southern Africa’s most populous country, far ahead of Namibia.
  • In West Africa, Nigeria (238M) and Ghana (35M) are the most populous, showing a wide gap within the region.
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  • Africa’s pig herd expanded nearly nine-fold, from 8.4 million in 1961 to 48.9 million in 2023.
  • Despite this growth, Africa accounts for only 5.1% of the world’s pigs in 2023.
  • South Africa led pig production for decades until the late 1980s, when Nigeria overtook and has remained the top producer since.
  • Malawi and Uganda emerged as major players in the 2000s–2010s, now ranking among the top three producers.
  • Nigeria, Malawi, and Uganda together hold nearly 50% of Africa’s total herd.
  • Africa’s pig farming is shifting from being dominated by one or two players to a more regionally balanced mix.
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  • Gabon (84%) is Africa’s most urbanised country, while Burundi (15%) is the least.
  • Five of the top 10 urbanised African countries have an urban share above 75%.
  • Small island nations like Cabo Verde (79%) and Sao Tome & Principe (78%) rank highly, reflecting their concentrated settlements.
  • Resource-rich countries like Libya (78%), Botswana (76%), and Algeria (74%) show strong urbanisation patterns.
  • Ethiopia (23%) and Uganda (30%) highlight the urbanisation gap among high-population countries.
  • Nigeria sits at 55%, ranked 19th, reflecting moderate urbanisation compared to other African giants.
  • Most of the bottom 10 countries, such as Malawi (20%), Niger (18%), and Rwanda (18%), are still heavily rural, signalling slower urban development.
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  • Africa’s urban population has grown more than twelvefold, from 53 million in 1960 to nearly 700 million by 2025.
  • The share of Africans living in urban areas has risen from 18.7% in 1960 to 45% in 2025, and is projected to hit 57% by 2045.
  • Africa will reach a 50% urban population by 2035, where half of its population will reside in cities.
  • From 2000 to 2025, Africa’s urban population nearly tripled, highlighting the intensity of recent growth.
  • By 2045, 1.3 billion Africans will live in urban centres, making city development central to the continent’s progress.
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  • More than 60% of the countries in Africa are commodity-dependent.
  • South Sudan leads the list with 99.5%.
  • Nigeria’s commodity export dependence is 96.3%, dominated by energy (89.7%), followed by agriculture (4.0%) and mining (2.6%).
  • Africa alone accounts for nearly 47% of all commodity dependent countries globally.
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  • Of the 54 African countries, 46 earn more than 60% of export revenues from raw goods.
  • Algeria, Morocco, Eswatini, Lesotho, Djibouti, Mauritius, Comoros, and Egypt stand out with less than 60%.
  • Algeria and Morocco are the least dependent, pointing to stronger industrial and trade sectors.
  • Lower dependence means greater economic stability, while high reliance exposes countries to volatile global commodity markets.
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  • Africa has the youngest population globally, with a median age of 19.3 years.
  • Europe has the oldest population, with a median age of 42.8 years.
  • North America follows closely behind Europe, with a median age of 38.7 years.
  • Oceania’s median age stands at 33.4 years, slightly higher than Asia’s.
  • Asia’s population is relatively younger than Europe and North America, with a 32.5-year median age.
  • The age gap between Africa and Europe is over 23 years, showing the stark global demographic divide.
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  • Subscriptions peaked at 23.5 million in 2015 before a long decline.
  • The 2017 debt crisis and Etisalat UAE’s exit triggered sustained losses.
  • By mid-2025, active lines had plunged to 2.4 million, the steepest fall in the sector.
  • In August 2025, the firm rebranded as T2, unveiling a new plan to stabilise and grow again
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  • Lagos leads with 83% Christians.
  • The South-East and South-South dominate the top 15.
  • Christianity is strongest in southern Nigeria.
  • Ekiti and Ogun show moderate Christian presence in the South-West.
  • Plateau is the only northern state on the top 15 list.
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  • 25.8 million Kenyan adults now own a national ID.
  • Youths dominate ID ownership, with 18–35-year-olds making up 52.9% of all ID holders.
  • The 26–35 age group leads the way, accounting for 30.1% of total ID owners.
  • Young adults (18–25 years) form 22.8% of all ID holders
  • Older adults (46+ years) collectively make up less than 30% of all ID holders.
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  • Nearly 1 in 4 young adults (18–25 years) in Kenya lack an ID document.
  • This rate (24.4%) is 12 times higher than that of any other adult age group.
  • ID ownership rises sharply after age 25, reaching over 98% across all older categories.
  • Adults aged 36–45 years and above 55 years show the highest ID possession rate at 98.5%.
  • Closing the ID gap among the youth is essential to advancing financial inclusion, employment access, and digital service uptake in Kenya.
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  • Kenya’s financial inclusion surged from 33.2% (men) and 20.5% (women) in 2006 to 85.7% and 84.1%, respectively, in 2024.
  • The gender gap in financial access has nearly disappeared, shrinking from 12.7 percentage points in 2006 to just 1.6 points in 2024.
  • Women’s financial inclusion grew faster, closing the gap primarily between 2009 and 2016, a period marked by mobile money expansion.
  • Digital finance has been a major driver, with mobile banking and fintech solutions providing easier and safer access to financial services.
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  • Adults aged 26–35 years have the highest formal financial access in Kenya at 92.9%.
  • The 36–45 age group follows closely with 92.7% formal inclusion, highlighting strong access among the middle-aged population.
  • Young adults (18–25 years) remain the most financially excluded group, with 23.1% still outside the financial system.
  • Older adults (above 55 years) also show weaker inclusion, with 84.1% formal access and 9.7% exclusion.
  • Informal access remains relatively low across all age groups, signalling the dominance of formal channels.
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  • Christians and Muslims dominate the faiths in Nigeria, with almost 93% of the population identifying with either of these religions.
  • 106.6 million Nigerians identify as Christians, representing about 46.5% of the population.
  • 105.3 million are Muslims, making up 46% of the population.
  • 16.4 million people still follow ethnic or traditional religions, honouring ancestral spirits, deities, and sacred rituals that predate colonial times.
  • Other religions in Nigeria include Agnostics (592,000), Baha'is (57,600), Hindus (45,000), Buddhists (12,600), Jews (1,200) and Atheists (65,000).
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