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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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    When Olusegun Obasanjo took office in 1999, the exchange rate was ₦97 to $1; it was ₦128 under Yar'Adua in 2007. During Jonathan's tenure in 2010 it was ₦151 while it was ₦199 when Buhari was in office.

    Despite efforts to let market forces decide the rate, the naira continues to weaken. Will the current administration turn things around soon?

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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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  • Over the years, the value of the Zimbabwean Dollar (ZWL) has been on a massive downward trend compared to the US Dollar (USD). This has led to the latter accounting for most of the domestic transactions in the Southern African country. The ZWL went from 10,152.5 to USD 1 as of January 1, 2024, to 30,674.3 on April 1, 2024. The Reserve Bank of Zimbabwe is introducing a gold-backed digital currency as a legal tender to stabilise its currency.
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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.

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Other Insights

Key takeaways:

  • Mexico ranked as the leading destination for the US' agricultural exports in 2024, with a total value of $30.32 billion (17.2% of total agricultural exports).
  • North American neighbours, Mexico and Canada, collectively accounted for 33.3% of total US agricultural exports.
  • China was the third-largest market, importing $24.65 billion (14%) of the US' agricultural products.
  • Asian markets, including China, Japan, South Korea, Taiwan, the Philippines, and Vietnam, collectively absorbed 31.7% of the US' agricultural exports.
  • The top three markets (Mexico, Canada, and China) made up 47.3% of the US' total agricultural export value.
  • The top 10 markets accounted for 74.8% of the US' agricultural exports, totalling $131.85 billion.
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Countries-globally-with-the-fastestslowest-median-internet-download-speed-via-mobile-connections-2024
  • With a median mobile download speed of 441.89 Mbps, the UAE is in a league of its own, setting a high benchmark for digital infrastructure globally.
  • At just 18.91 Mbps, Nigeria ranks 102nd, only narrowly ahead of countries like Ecuador and Libya. This means the digital experience for most Nigerians is significantly slower than the global average.
  • The difference between the fastest and slowest countries spans over 400 Mbps, showing a growing divide in how nations can participate in digital economies.
  • Countries like Denmark, South Korea, Norway, and the Netherlands continue to show strong mobile connection.
  • It's notable that Qatar and Kuwait, alongside the UAE, are not just energy-rich but also leaders in mobile connectivity.
  • Several African nations, Nigeria, Libya, and Mozambique, feature among the slowest, highlighting the urgent need for investment in faster, more reliable mobile networks across the continent.
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Estimated number of deaths averted by tuberculosis treatment in each region between 2010 - 2023
  • Africa not only had high tuberculosis treatment success for people without HIV (5.9M lives saved), but also for 5.1M people with HIV.
  • With over 19 million people without HIV and 910,000 with HIV treated, South-East Asia leads in numbers.
  • TB treatment saved 10 million lives in the Western Pacific region.
  • Globally, 41 million out of 47.8 million lives saved were of people without HIV, showing that TB remains a major health threat even outside HIV-affected populations.
  • With just 1.2M lives saved each, both Europe and the Americas had relatively low numbers.
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Internet Adoption by Region (as % of Total Population), Jan 2025
  • With a 98% adoption rate, Northern Europe leads the world in digital inclusion.
  • Eastern Africa (29%), Middle Africa (34%), and Western Africa (43%) have the lowest adoption rates.
  • Southern and Eastern Europe boast over 90% adoption, proving that even outside the wealthiest nations, high connectivity is achievable.
  • While Eastern Asia (79%) and South-Eastern Asia (78%) show strong progress, Southern Asia lags behind at 54%.
  • Oceania maintains a solid 78% adoption rate, quietly outperforming many regions.
  • With 70% adoption, the Caribbean outperforms parts of Asia and Africa.
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Key Takeaways:

  • Cocoa products, including paste, butter, and beans dominated the US' agricultural imports from Sub-Saharan Africa in 2024, making up nearly one-third of the total.
  • Other major import categories included coffee, seafood, oilseed meals, and tree nuts, rounding out the top six.
  • The top 10 agricultural imports accounted for 74% of all the US' agricultural imports from the region.
  • Each of the top 10 products had an import value exceeding $120 million.
  • From SSA, Côte d'Ivoire and Ghana were the leading suppliers of cocoa products to the US in 2024.
  • The top three products together represented 41% of the total agricultural imports from the region.
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Key Takeaways:

  • Nigeria’s outstanding debt to the IMF has reduced from SDR 2.45 billion in March 2023 to SDR 306.81 million by March 2025.
  • The country has maintained a consistent quarterly repayment pattern, averaging SDR 306.8 million.
  • This steady repayment trend reflects Nigeria’s commitment to managing its external obligations.
  • At the current repayment rate, Nigeria is positioned to fully clear its IMF obligations by mid-2025.
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Key Takeaways:

  • Despite recent gains, Oando Plc's earnings before tax have declined by 222% over the past decade.
  • Major losses occurred in 2019 and 2020, with a rebound in 2021 and 2023.
  • The company demonstrated remarkable resilience by recovering to ₦103 billion profit in 2023.
  • The earnings before tax in 2024 fell by 54% from 2023.
  • The year-on-year growth rate from 2015 to 2024 was shown to be negative despite recording ₦47.8 billion in 2024, as against -₦39.1 billion in 2015.
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Key Takeaways:  

  • Argentina tops the list with SDR 31.1 billion in outstanding IMF credit.
  • The top three borrowers, Argentina, Ukraine, and Egypt, together hold over 45% of total IMF credit.
  • All 15 countries on the list have outstanding credit of at least SDR 1.4 billion.
  • African nations such as Kenya, Angola, Ghana, and Ethiopia rank among the top 15 IMF debtors.
  • The top 10 countries alone account for more than two-thirds of the IMF’s total outstanding credit.
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Key Takeaways:

  • Egypt leads African nations in IMF debt, with SDR 8.63 billion in outstanding credit.
  • The combined debt of these 10 countries represents 24% of the IMF’s total outstanding credit globally.
  • East African nations, Kenya and Ethiopia, hold a combined SDR 4.5 billion in IMF credit.
  • West Africa is strongly represented with Côte d'Ivoire, Ghana, Senegal, and Cameroon owing more than SDR 7.4 billion collectively.
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Key takeaways:

  • Cadbury Nigeria's total assets increased by 155%, from ₦28.4 billion in 2015 to ₦72.4 billion in 2024.
  • Assets remained relatively stable between 2015 and 2019, hovering around ₦28 billion.
  • Despite recent financial challenges, Cadbury Nigeria's asset base has more than doubled in the last decade.
  • Significant expansion began in 2020, with continued steady growth through 2024.
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Number of smartphone handsets in use around the world (2015 - 2025)
  • From 2.99B in 2015 to 7.42B in January 2025, the world has added more than 4.4 billion smartphone devices in a decade.
  • Annual growth dropped from a high of 23.1% in 2016 to 3.6% in 2025, a clear sign of global market saturation.
  • During 2016-2018, the world added nearly 2 billion new smartphones.
  • Since 2020, annual growth has been under 6%.
  • Most of the future growth will come from device upgrades or multiple device ownership, not necessarily new smartphone users.
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  • 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.
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  • Guinea-Bissau showed the highest agricultural contribution to its GDP at 36.8% in 2024.
  • Contributions range widely, with high reliance seen in Comoros (36.6%) and Ethiopia (34.9%), contrasting with lower percentages in DR Congo (17.1%) and Angola (16.4%).
  • Agriculture, forestry, and fishing contributed a notable 20.4% to Nigeria's GDP in 2024.
  • Countries with high agricultural GDP contributions are predominantly located in West and East Africa.
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  • Nigeria is the world’s top yam producer since the 1980s.
  • West Africa supplies over 95% of global yam output.
  • Ghana and Côte d’Ivoire have grown steadily in the rankings.
  • Non-African countries play a very small role today.
  • Nigeria exports very little yam despite massive production.
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  • Libya leads Africa with 48.4 billion barrels of recoverable oil, the continent’s highest.
  • Nigeria ranks second with 37.3 billion barrels, accounting for about 27% of reserves among top holders.
  • Algeria holds 12.2 billion barrels, rounding out the top three and far ahead of other nations.
  • Sudan, Egypt, and Angola each contribute between 2.5 and 5 billion barrels, showing smaller but notable reserves.
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  • South Africa leads the continent with a vast 20,986km rail network, nearly triple the size of Sudan’s, the second-largest.
  • Nigeria’s rail infrastructure measures 3,798km, ranking it behind Kenya (3,819km) and DR Congo (4,007km).
  • North African countries like Egypt and Algeria maintain significant rail mileage, exceeding 4,000km each.
  • Southern Africa dominates the top five, with Mozambique and Zimbabwe also featuring prominently.
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  • Zambia recorded its highest-ever FDI inflow in 2013 at $2.10 billion.
  • After dipping to a negative inflow of -$0.07 billion in 2022, Zambia recovered to $1.24 billion in 2024.
  • The country experienced its first billion-dollar inflow in 2007, marking a turning point in foreign investment.
  • FDI inflow was consistently below $0.5 billion throughout the 1990s, indicating limited investor confidence during that period.
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