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  • Cocoa beans are a vital commodity for many countries, driving their economies and supporting livelihoods. Over the years, cocoa production has seen significant fluctuations across different countries.

    The world's cocoa-producing countries produced 104.2 million tonnes of cocoa beans between 2000 and 2022, enough to fill about 2.084 billion 50kg bags. Côte d'Ivoire maintains its dominance, accounting for 35.3% of global production in the 23 years under review, with Ghana (16.5%), Indonesia (15.4%), and Nigeria (7.7%) completing the top four.

    These are the top ten countries in the period.

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    Nigeria's government collected ₦2 trillion in corporate income tax in H1 2023, with a spike from ₦469 billion in Q1 to ₦1.53 trillion in Q2. The corporate tax payments for H1 2023 are higher than any full-year collections from 2015 to 2021.
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  • 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.

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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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  • 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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    Every Nigerian president since 1999 left office with a higher dollar to naira exchange rate than when they took office. Will President Tinubu's tenure be the exception?

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  • Between 2013 and 2022, Nigeria exported crude oil worth ₦123 trillion, with yearly figures ranging from ₦6.8 trillion to ₦21.1 trillion, and the highest (₦21.1 trillion) recorded in 2022. This chart shows the annual values.

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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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  • 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

Other Insights
66% of fraud in 2023 was committed using social engineering

In 2023, 66% of fraud cases were committed using social engineering, the most common technique. Mobile channels accounted for 50% of fraud, followed by web channels (23%) and POS channels (18%).

Technique: How the fraud is committed.
Channel: Where the fraud is committed.

Techniques refer to the methods fraudsters use to deceive victims, and Channels refer to the platforms through which the fraud is carried it.

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The cost of bus fares for intracity journeys rose by 98% after the fuel subsidy removal, with a 39% increase in just 18 months

After the fuel subsidy was removed, the cost of bus fares for intracity journeys rose by 98% between May 2023 and June 2023. In just 18 months, fares increased by 39%  significantly affecting commuters.

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AI Preparedness Index by regions

Nigeria and other sub-Saharan African nations still lag in AI readiness, scoring 0.34 on the AI Preparedness Index. This shows the need for more investment, better infrastructure, and a willingness to embrace the AI revolution.

The AI Preparedness Index measures the level of AI readiness across 173 countries and 13 regions. It evaluates factors such as digital infrastructure, workforce skills, innovation, economic policies, and ethical regulations.

Note: Scores range from 0 to 1, with 1 being the most prepared.

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Lassa fever cases and deaths (2020 - 2024)

Lassa fever cases and deaths have shown significant variations over the years, but the death rate decreased in the first ten months of 2024 despite rising in 2023. This downward trend reflects improvements in early detection, medical interventions, and public health measures.

For many communities across Nigeria, Lassa fever remains a serious health concern, especially in rural areas with limited access to healthcare facilities. As efforts to combat the disease intensify, public awareness campaigns, proper hygiene, and access to treatment have played a vital role in reducing fatalities and giving hope to affected families.

Note: Data for 2024 only include the first ten months of the year

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The cost of a healthy diet in Nigeria rose by 91% in 11 months

The Cost of a Healthy Diet (CoHD) represents the most affordable combination of locally available foods that meet global dietary standards for a balanced diet, excluding transportation and meal preparation costs.

In Nigeria, the CoHD surged by 91%, rising from ₦703 in October 2023 to ₦1,346 in September 2024. This sharp increase underscores Nigerians' escalating financial challenges in maintaining a nutritious diet.

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40% of NELFUND’s disbursed tuition loans were sent to institutions in the North West

The Nigerian Education Loan Fund (NELFUND) disbursed tuition loans to 58 institutions, with the South West region accounting for 20 institutions. The South South and South East regions had the fewest beneficiaries, with only five institutions each.

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Ondo State election results at the 18 LGAs (the two major parties)

In Ondo State, residents across all 18 local government areas came out to perform their civic duties in the recent gubernatorial election. With over two million registered voters, only 508,963 voted during the election; 11,886 were invalid, leaving 497,077 as valid votes.

The APC secured victory in every LGA, earning a total of 366,781 votes. Meanwhile, the PDP, the closest competitor, garnered 117,845 votes. Together, the APC and PDP had a total valid vote count of 484,626.

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Millions of children missing basic education can affect future workforce skill levels and poverty cycles, especially in sub-Saharan Africa, which has the highest number of out-of-school children.

Between 2000 and 2023, Central and Southern Asia achieved a 72% reduction in out-of-school primary-age children, the largest global improvement.

Meanwhile, sub-Saharan Africa only managed a 4.4% decrease. This highlights the critical need for educational investment in regions still lagging behind.

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Global smartphone shipments market share by companies in 2024 (Q1-Q3)

Samsung consistently led the global smartphone shipments market through the first three quarters of 2024, maintaining the highest market share in each quarter.

Apple and Xiaomi followed closely, while other brands, including Oppo, Vivo, and Transsion, were among the top brands. The top three smartphone brands (Samsung, Apple, and Xiaomi) dominate the market, collectively capturing nearly half of the global share in the first three quarters of 2024.

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Diabetes prevalence and percentage of diabetes-related deaths of people under 60 years by Region (2021)

Today, World Diabetes Day, we’re reminded of the urgent need to address the growing impact of diabetes across the globe. This day is a call to action to support preventive measures, raise awareness, and improve healthcare access for those affected by this chronic condition.

In the Western Pacific region alone, 205.6 million people are living with diabetes, and it also has one of the highest percentage of diabetes-related deaths (7.0%) in people under 60.

By comparison, Europe, while also heavily impacted, reports a lower death rate among this age group. Though Africa has the lowest number of people living with diabetes, it has a high percentage of diabetes-related deaths in people under 60.

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China, India, and Nigeria accounted for 61% of the global groundnut production between 1961 and 2022

From 1961 to 2022, Nigeria contributed about 7.3% to the global groundnut production, making it a key player in the sector. Alongside China and India, which also dominated production, these three countries accounted for 61% of the world’s groundnut supply.

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States' share of Nigeria's public debt has dropped from 20.5% in 2019 to 8.5% in 2024, while the federal government’s debt has risen to over 91% of the total, in dollar terms.

The FG's debt grew from $66.7 billion to $83.6 billion in this period, while the states' debt dropped from $17.2 billion in 2019 to $7.8 billion, marking a shift in borrowing dynamics at federal and state levels.

Notably, states and FCT debt decreased in dollar terms but increased in naira terms, while FG debt rose in both dollar and naira terms over the same period.

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Percentage of African external debt owed by the top 11 African nations (H1 2024)
  • Just 11 countries hold 69% of Africa’s total external debt.
  • South Africa (14%) carries the highest share.
  • Egypt (13%) and Nigeria (8%) are among the top three.
  • Countries from Northern and Southern regions hold over 30% of Africa’s external debt.
  • Many of these nations rely on debt to drive development, but without efficient utilisation, rising debt could become a major drag on future progress.
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Key takeaways:
  • Africa’s wealthiest individual, Aliko Dangote, is approximately twice as rich as Johann Rupert and Nicky Oppenheimer.
  • Each of the three richest men in Africa have a net worth exceeding $10 billion.
  • Aliko Dangote maintains his status as Africa's wealthiest man, with a fortune that surpasses his closest rival by more than $9 billion.
  • The cumulative net worth of the five richest men in Africa is around $65.2 billion.
  • The difference in net worth between Africa's richest man and the fifth richest man is $17.1 billion.
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  • 68.9% of non-custodial sentences fall under community service. This sentencing method is by far the most utilised, indicating a strong preference for rehabilitation through public work.
  • Restorative justice is gaining traction (18.9%), emphasising reconciliation between offenders and victims rather than punitive measures.
  • Probation is the least utilised; despite being a common alternative to detention in other systems, probation accounts for just 5.6% of non-custodial sentences in Nigeria.
  • 6.7% of cases fall under "others," which could include lesser-known alternatives such as conditional discharge or special rehabilitation programmes.
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  • For every woman sentenced to a non-custodial measure, there are nearly 12 men (35:415), highlighting a strong gender disparity in non-custodial sentencing.
  • Men account for more than 9 out of every 10 non-custodial cases (92%), suggesting that crimes leading to these sentences are far more common among male offenders.
  • Women’s representation in non-custodial sentencing is much lower than their general crime conviction rates, indicating potential differences in crime type, judicial discretion, or rehabilitation approaches.
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Key takeaways:
  • Mozambique has the fewest individuals requiring support from the United Nations.
  • The UN plans to help 3.6 million of the 7.8 million people in Nigeria who require assistance.
  • Sudan is the only Northern African country recorded by the UN as having people in need.
  • In East and Southern Africa, the countries with the highest and lowest numbers of individuals in need are Ethiopia and Zimbabwe, respectively.
  • The Democratic Republic of Congo and Niger have the highest and lowest number of individuals needing assistance, respectively, in West and Central Africa.
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  • In February 2016, petrol was at its lowest price of 99.80 per litre, marking the last time fuel prices remained below 100.
  • By November 2024, petrol prices soared to an all-time high of 1,214.17 per litre, reflecting the compounded effects of inflation, currency depreciation, and global oil price volatility.
  • Over the nine-year period, the average petrol price stood at 272.65 per litre.
  • Between January 2016 and December 2024, petrol prices increased by 1,079.52, a staggering 984.96% rise, emphasising the long-term upward trajectory influenced by economic challenges, subsidy removals, and fluctuating exchange rates.
  • The most volatile period recorded a month-to-month price surge of over 129.23%.
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