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  • Nigerians made up 6.5% of international students in the United Kingdom as of 2022
    In the 2021/2022 academic year, 2.86 million students studied in UK's higher education institutions, with 680k (23.8%) being international students. Nigerians accounted for 44k (6.5%) of overseas students in the UK, trailing China's 151k (22.3%) and India's 126k (18.6%).
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    • Wizkid's Morayo leads the pack with 12.12 million first-day streams—30% more than the runner-up, 5ive (9.29M).
    • The top three singles (Morayo, 5ive, Lungu Boy) together account for 27.29M streams, or 45% of the combined 46.75M total.
    • Streams fall nearly 50% between 3rd (5.88M) and 4th place (Timeless, 4.91M), highlighting a sharp mid-chart taper.
    • Even #10 (S2) amassed over 2M first-day spins, showing strong baseline engagement across diverse artists.
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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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Other Insights
  • Gabon leads with 18.7% of its population being immigrants, the highest in Africa.
  • Equatorial Guinea follows with 16.4%, also driven by oil-related labor demand.
  • Djibouti (12.1%) and Libya (12.0%) round out the top four with migrant shares over 10%.
  • South Africa has the highest immigrant population in Southern Africa at 4.8%.
  • Most African nations still record under 5% immigrant share, indicating modest migration levels continent-wide.
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  1. The United Arab Emirates tops the list with immigrants making up 88% of its total population.
  2. Qatar follows closely with 87% of its residents being immigrants.
  3. Kuwait (73%) and Bahrain (55%) also feature prominently, showing a regional trend where nationals are a minority and foreign workers form the economic backbone
  4. Middle Eastern dominance in the top rankings highlights how the Gulf region’s economic model is heavily dependent on imported labor and expatriate populations.
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  • 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.
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  • 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.
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  • 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%.
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  • 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.
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  • 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.
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- 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

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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • South Africa dominates with 30 battery storage systems, the largest by far.
  • Egypt is the second-largest market with 7 projects, while Morocco has 4.
  • Nigeria and Senegal have five projects each (operational + pipeline).
  • Several countries, including Ghana, Togo, Angola, Botswana, DR Congo, and Mauritius, each have just one or two projects, indicating an uneven spread across the continent.
  • South Africa also leads in systems under construction (7).
  • Operational projects are still limited continent-wide, with most systems either under construction or in the planning pipeline.
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  • Imports from ECOWAS countries peaked at 39.9% in H1 2024, up from just 12.0% in H1 2021.
  • The share declined to 32.4% in H1 2025, showing a reversal after the 2024 peak.
  • Total import values grew sharply, from ₦209.6B in H1 2020 to ₦1.8T in H1 2025.
  • In H1 2019, ECOWAS already had a decent share of 19.6%, showing long-standing but fluctuating trade ties.
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  • ECOWAS’ share of Nigerian exports rose from 34.2% in H1 2019 to 62.1% in H1 2025.
  • The most significant share came in H1 2022, when ECOWAS accounted for 75.8% of exports.
  • Exports to other African countries dropped significantly in 2022, to just 24.2%.
  • Nigeria’s total exports to Africa grew from ₦0.9T in H1 2022 to ₦4.8T in H1 2025.
  • ECOWAS consistently maintained a majority share from H1 2022 onwards, with a share above 60%.
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  • FDI inflows in Nigeria peaked at $8.8 billion in 2011, marking the highest point in the Fourth Republic.
  • From 2011 to 2024, FDI inflows dropped, settling at $1.1 billion in 2024.
  • The early Fourth Republic (1999–2011) showed growth in FDI inflows.
  • FDI outflows rose from $0.2 billion in 1999 to $1.5 billion in 2009, reflecting gradual international expansion by Nigerian investors.
  • From 2015 onward, both inflows and outflows showed significant volatility, with no clear recovery trend.
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  • Debt service costs in South Africa overtook government health spending in 2020/21.
  • In South Africa's 2025 budget, debt service costs stand at R426.3B, compared to R296.1B for health.
  • Debt service costs grew at 11.3% CAGR (2017–2025), more than double the 5.0% CAGR of government health expenditure.
  • The gap between debt and health spending widened sharply after 2020/21, with debt consistently pulling ahead.
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  • The young-to-old dependency ratio stands at 14:1, showing that youth dependency overwhelmingly drives the total ratio.
  • The total dependency ratio declined from 88.2% in 1976 to 78.8% in 2024, showing slow but steady improvement.
  • The youth dependency ratio has dropped from 82.2% to 73.3% over the same period.
  • The old-age dependency ratio remained almost flat, averaging around 5–6% for nearly 50 years.
  • The highest total dependency ratio was 95.0% in 1988.
  • The ratio’s slight downward trend after 2012 reflects a growing working-age population entering the labour market.
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