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  • How much more debt did Nigerian states add to their existing domestic debt in 2023?

    Nigerian states' domestic debt increased by 9.8% in 2023, with 20 states and the FCT contributing to this increase. Lagos State recorded the biggest jump in domestic debt with ₦241.5b added.

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    In 2022, the US hosted a diverse African immigrant community, totaling over 2.75 million. ​​ ​Nigerians make up the largest group at 448,405 (16.3%), followed by Ethiopians (10.6%), Egyptians (8.3%), and Ghanaians (7.8%).

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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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    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.

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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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    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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  • The Nigerian Workplace Report indicates that over 50% of Nigeria’s working population earns less than ₦200,001 monthly. It further highlights that individuals earning above ₦600k are among the top 10% earners.

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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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  • 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
All-time-most-popular-movies-non-English-language-content-by-the-number-of-views-in-their-first-91-days-on-Netflix-global-top-10
  • Troll leads with 103 million views, making it the most-watched non-English movie on Netflix in its first 91 days.
  • Under Paris follows closely with 102.3 million views, proving France's influence in Netflix's global content slate.
  • Society of the Snow (98.5M) and Nowhere (85.7M) show how survival and human drama resonate deeply with audiences worldwide.
  • Dystopian themes remain popular, with The Platform (82.8M) drawing strong viewership through intense, minimalist storytelling.
  • Five out of the top 10 movies pulled in more than 80 million views each, highlighting a huge appetite for international cinema.
  • Latin America and Europe dominate the list, with films from Spain, France, and Norway also attracting global attention.
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All-time most popular movies (English-language content) by the number of views in their first 91 days on Netflix, global top 10
  • Red Notice leads with 230.9 million views in 91 days, making it the most-watched English-language Netflix movie to date.
  • Carry-On and Don’t Look Up are close, with 172.1M and 171.4M views respectively.
  • Five of the top 10 movies surpassed 150 million views within their first 91 days on the platform.
  • The Adam Project and Bird Box are tied closely, each drawing around 157 million views.
  • Back in Action and Leave the World Behind also made strong entries with over 140 million views each.
  • The entire top 10 showcases a mix of action, sci-fi, family, and thriller genres, proving Netflix’s broad appeal across demographics.
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All-time most popular TV shows (English-language content) by the number of views in their first 91 days on Netflix, global top 10
  • Wednesday (Season 1) tops the list with 252.1 million views, by far the highest ever for an English-language Netflix series.
  • Stranger Things 4 follows at a distant second with 140.7 million views in the same 91-day window.
  • The limited series Adolescence secured third place with 137.8 million views
  • Monster: The Jeffrey Dahmer Story also performed strongly, gathering 115.6 million views.
  • Bridgerton Seasons 1 and 3 made the list, emphasising the franchise’s popularity.
  • Three of the top 10 shows had under 100 million views, with Stranger Things 3 closing the list at 94.8 million.
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Key Takeaways:

  • South Africa has been the leading wine producer in Africa from 1975 to 2022.
  • Algeria was the top producer from 1961 to 1974 but saw a significant decline in output in later years.
  • South Africa, Algeria, Morocco, and Tunisia have been the dominant wine-producing countries in Africa between 1961 and 2022.
  • On average, eight African countries have engaged in wine production annually during this period.
  • Sub-Saharan nations such as Zimbabwe, Ethiopia, and Tanzania have contributed small but steady wine to Africa’s production in recent decades.
  • Egypt has consistently ranked among Africa’s top wine producers, with its highest production recorded in 2008.
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Key takeaways:

  • As of January to June 2025, Nigeria had nine operational refineries.
  • Dangote Petroleum Refinery is the largest, with a capacity of 650,000 barrels per day (bpd).
  • The total combined capacity of all functional refineries is almost 975,000 bpd.
  • Government-owned refineries, Warri, Kaduna, and Port Harcourt (old), collectively have a capacity of 295,000 bpd.
  • Out of 27 licensed refineries by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), only nine were operational during this period.
  • Other operational refineries such as Aradel, OPAC, Edo, Waltersmith, and Duport Midstream collectively have a capacity of 29,500 bpd.
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Key Takeaways:

  • The former Sudan was the leading sesame seed oil producer in Africa for 48 years, from 1961 to 2011.
  • Nigeria topped Africa’s production rankings between 2012–2014 and 2016–2018.
  • The Central African Republic led sesame oil production in Africa for five years in a recent period.
  • East African countries, particularly Tanzania and Uganda, have seen significant growth in sesame oil production since the 1990s.
  • Six countries—Former Sudan, Somalia, Ethiopia, Tanzania, Mozambique, and the Central African Republic—have consistently played leading roles in Africa’s sesame seed oil production from 1961 to 1981 before the inclusion of some other African countries.
  • Following their separation, both Sudan and South Sudan have remained among the top sesame oil producers in Africa.
  • The top producers of sesame seed oil in Africa are mainly from Sub-Sahara African countries.
  • In SSA, sesame is often grown by small-scale farmers for export purposes.
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Top countriesterritories with the lowest net migrants per 1,000 population (2024) in Africa
  • Eritrea has the highest net migration loss in Africa at -8.7 per 1,000 people.
  • Nigeria's net migration rate of -0.2 is significantly lower than any country in the top 10 list.
  • Sao Tome and Principe and Eswatini follow Eritrea with rates of -6.5 and -6.0, respectively.
  • Lesotho also experiences substantial out-migration, with a net rate of -4.5 per 1,000.
  • Three countries—Rwanda, Uganda, and CAR—have the same net migration rate of -3.1.
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Top countriesterritories with the highest net migrants per 1,000 population (2024) in Africa
  • South Sudan ranks 2nd globally and 1st in Africa in net migration, with 19.1 migrants per 1,000 population.
  • Equatorial Guinea is the only other African country in the global top 10, with a rate of 12.1 per 1,000.
  • Djibouti (4.2), Gabon (3.5), and Botswana (2.7) round out the top 5 within Africa but trail far behind the top two.
  • Nigeria shows negative migration (-0.2), indicating more people are leaving than coming in.
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  • Global public agriculture funding between 1991 and 2023 totaled $878 trillion.
  • The U.S. alone received $199 trillion, averaging $6.2 trillion per year — the highest of any country.
  • Japan and China followed with $166 trillion and $122 trillion respectively.
  • Just 10 countries accounted for over 75% of the total.
  • Nigeria ranked 41st out of 145 countries, with only $1 trillion in 32 years — about $32 billion per year.
  • For a country with over 200 million people, that low level of investment tracks closely with rising food prices, low yields, and import dependence.
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  • 90.7% of approvals came from 10 countries — all in Asia and Africa; the rest of the world got just 9.3%
  • India: 222,521 approvals (highest)
  • Nigeria: 149,299 approvals (2nd overall, 1st in Africa)
  • Zimbabwe: 92,960 approvals (3rd overall, despite smaller population)
  • India, Nigeria, and Zimbabwe alone account for over 460,000 approvals — more than 62% of the total
  • Five of the top 10 countries are African
  • Total approvals (2020–2024): 741,933
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  • Netherlands imported the most cocoa beans — 25.48 million tonnes (1961–2023)
  • US (21.1M) and Germany (16.8M) followed in total volume
  • These three countries dominated the top 5 nearly every year
  • Malaysia, UK, France, and Belgium also ranked high over time
  • USSR stayed in the top 10 despite dissolving in 1991
  • Global cocoa imports grew from 1M tonnes in 1961 to nearly 4M in 2023
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Average net migrants per 1,000 population (2024) globally by region
  • Europe had the only significantly positive net migration rate in 2024 at 2.2 migrants per 1,000 people.
  • East and Southeast Asia recorded a modest net gain of 0.2 migrants per 1,000 population.
  • South America and Central America & the Caribbean saw slight net migration gains of 0.2 and 0.1, respectively.
  • Africa had a net migration rate of -0.4, showing more people are leaving the continent than coming in.
  • North America, despite being a key destination historically, recorded a net loss of -0.5 migrants per 1,000 people.
  • Australia and Oceania experienced the steepest net loss at -6.9 per 1,000 population.
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  • China continued to lead globally with the highest number of international scholars in the US, with almost 21% of the international scholars as of 2023/2024.
  • China has been the lead country with the highest number of scholars in the US globally in the last 24 years.
  • India is next after China, with 17,735 scholars in US who hailed from India making up 15.8% of the population.
  • Only 1% of the scholars in the US are from Nigeria
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  • Seychelles’ GDP per capita rose from $8.06k in 2000 to a peak of $19.14k in 2019, more than doubling in two decades.
  • After steady growth through the 2010s, the COVID-19 pandemic in 2020 cut GDP per capita to $14.04k, a 26% drop from 2019.
  • Recovery has been gradual, with GDP per capita rebounding to $18.26k in 2023, though still below the 2019 high.
  • By 2024, GDP per capita settled at $17.86k, showing resilience but reflecting ongoing global and domestic economic pressures.
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  • Global rugby participation grew by 11% in 2023, reaching 8.46 million players.
  • Female participation increased by 37%, showing the fastest growth in the sport.
  • Male participation also rose by 26%.
  • The substantial rise in female players signals rugby’s growing inclusivity.
  • The global rise suggests rugby is gaining ground beyond traditional rugby nations.
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  • Kenya's GDP per capita soared from $414.6 in 2000 to a significant $2206.1 in 2024, marking a 532% increase.
  • The country saw its largest single-year jump between 2006 and 2007, rising by 33.7% from $523.5 to $699.8.
  • Economic downturns were visible in 2020 (-1.7%) and 2023 (-7.5%), showing vulnerability to shocks.
  • Since 2020, GDP per capita has grown by 14.5%, with 2024 recording the highest value.
  • Kenya’s GDP per capita rose in 20 of the past 24 years, and declines occurred in only 4 years (2001, 2002, 2020, and 2023).
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  • Endeavour Mining leads with a 2,253.0 pence share price — the highest among the largest African firms on the LSE.
  • Investec ranks second at 544.4 pence, showing a wide gap from the leader.
  • Seplat Energy (255.5 pence) is the second-highest in the extractive industry after Endeavour Mining.
  • Airtel Africa (210.0 pence) is the top telecom firm on the list.
  • Guarantee Trust HoldCo has the lowest share price at 5.0 pence.
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  • The combined market cap of the top 10 African firms on the LSE is £29.8B.
  • Airtel Africa leads with £7.32B, the largest market cap among African-listed companies.
  • Endeavour Mining follows with £5.63B, making it the largest extractive industry player on the list.
  • Commercial International Bank is the top financial services firm with £4.27B.
  • Five companies from financial services are in the top 10, collectively representing a major sectoral share.
  • The telecom sector is represented by Airtel Africa and Helios Towers (£1.25B), showing telecom’s increasing investment appeal.
  • Nigeria has two companies — Guarantee Trust HoldCo and Seplat Energy — [each] with over £1B market cap.
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