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  • Percentage of websites globally that publish their content primarily in each language (as of 2024)
    • English alone accounts for nearly half of all global web content at 49.40%, setting the tone for internet communication.
    • The next three languages—Spanish, German, and Japanese—combined make up just 16.6%, highlighting the wide gap in representation.
    • Despite having a massive native-speaking population, Chinese is used in only 1.20% of websites.
    • Portuguese, spoken across several continents, represents just 3.80% of internet content.
    • Even major European languages like French and Russian contribute less than 5% each to global web content.
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    Nigeria's export value increased by 16.8% quarter-on-quarter to ₦20.49 trillion in Q3 2024. Petroleum products (oils, liquefied natural gas, and other petroleum gases) made up 85.52% of its exports, valued at ₦17.53 trillion.

    This figure highlights Nigeria's heavy reliance on the oil and gas sector for revenue, emphasising the need for diversification to reduce dependence on a single industry.

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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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  • Top African countries by number of citizens studying in the US in 2020
    • Nigeria remained the top African country for students in the U.S., with 20,029 students enrolled in the 2023/2024 academic year, marking a 13.5% increase from the previous year.
    • Ghana saw the highest growth rate among African nations, with a 45% increase in students, totaling 9,394 in the U.S. during the 2023/2024 academic year.
    • These countries collectively contributed significantly, with 4,507 (Kenya), 3,078 (Ethiopia), and 2,814 (South Africa) students studying in the U.S. during 2023/2024.
    • Sub-Saharan Africa was the fastest-growing region for international student mobility to the U.S., experiencing a 13% overall increase in the 2023/2024 academic year.
    • In the 2020/2021 academic year, Nigeria had 12,900 students, Ghana had 4,200, and Kenya had 3,500 students enrolled in U.S. institutions.
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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
 
  • Global FDI rose to $1.51 trillion, still below its 2015 peak.
  • The top 10 countries accounted for 65% of total inflows.
  • Egypt ranked 8th globally with $46.6 billion, ahead of UAE and Mexico.
  • A $35 billion Ras El-Hekma deal drove much of Egypt’s surge.
  • Egypt’s FDI grew over 370%, the fastest among top recipients.
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  • Total trade rose from ₦12.7 trillion (Q2 2023) to over ₦36 trillion (Q1 2025).
  • Exports grew from ₦6.4 trillion (Q2 2023) to ₦20.6 trillion (Q1 2025).
  • Sustained trade surpluses started from Q2 2023, peaking at ₦5.2 trillion in Q1 2025.
  • Imports also rose from ₦6.3 trillion (Q2 2023) to ₦15.4 trillion (Q1 2025), but slower than exports.
  • Pre-2023 was deficit-heavy: Most quarters from 2020–2022 recorded trade deficits or very small surpluses.
  • Q1 2021 had the worst deficit: -₦1.89 trillion, driven by high imports and weak exports.
  • Naira devaluation is the turning point: Starting around Q2 2023, it inflated export values in naira terms.
  • Export growth may not reflect volume; gains are likely due to FX effects, not necessarily more goods shipped.
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  • South Africa ranked highest in Africa; it’s easy to move goods in and out.
  • It beat others on customs speed, delivery time, and tracking.
  • Nigeria, Ghana, and DR Congo scored low. Goods faced more delays and hassles.
  • Countries with high scores attract more trade and business.
  • A low score means slower shipments, higher costs, and weaker logistics.
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  • Lagos led the nation with ₦819.62B VAT, over 45% of the total generated by all 36 states combined.
  • Rivers followed distantly with ₦278.23B, around 34% of Lagos’s VAT haul.
  • Only five states (Lagos, Rivers, Oyo, Bayelsa, Kano) generated over ₦21B in Q1 2025.
  • 22 states generated below ₦10B, with 13 of them earning less than ₦6B in VAT.
  • Northern states like Katsina (₦5.96B), Yobe (₦5.81B), and Kebbi (₦5.13B) trail significantly in VAT contributions.
  • Abia, Cross River, Imo, and Taraba sit at the bottom, each with under ₦3B in VAT returns.
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  • No candidate scored above 300 until 2015, with just 40 high scorers that year out of over 1.46 million candidates.
  • 2025 marked the highest ever with 17,025 candidates scoring above 300, nearly double the count in 2024 and more than triple 2023.
  • From 2022 to 2025, above-300 scorers consistently remained over 5,000 each year, showing a steady rise in top scores.
  • Despite the growth in numbers of JAMB candidates, high scorers still make up less than 1% annually.
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  • Burkina Faso tops the 2025 GTI ranking with a score of 8.581, the highest globally.
  • African nations make up 6 of the 10 most terrorism-impacted countries in 2025.
  • Pakistan (8.374) and Syria (8.006) are the top-ranking Asian countries on the list.
  • Nigeria ranks 6th globally with a GTI score of 7.658, just behind Niger (7.776)
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  • Europe leads with 12 clubs, including giants like Real Madrid, Manchester City, and Bayern Munich, solidifying its global dominance.
  • South America contributes 6 teams, such as Palmeiras, Flamengo, and River Plate, reflecting its strong continental performance.
  • Africa's 4 clubs, Al Ahly (Egypt), Wydad AC (Morocco), Espérance Sportive de Tunis (Tunisia), and Mamelodi Sundowns (South Africa), represent CAF’s top tier.
  • Asia also fields 4 clubs, including Al Hilal (Saudi Arabia), Urawa Red Diamonds (Japan), Al Ain (UAE), and Ulsan HD (South Korea).
  • Oceania and North America are modestly represented with one club from New Zealand and four from the CONCACAF region, including Inter Miami as host.
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  • Morocco leads Africa in FIFA rankings with 1694.24 points, placing 12th globally, signalling its sustained excellence on the international stage.
  • Senegal (1630.32 pts) and Egypt (1518.79 pts) are the next top African teams, ranked 19th and 32nd globally, respectively.
  • The point gap between top teams is significant: Morocco leads Nigeria (1481.35 pts) by over 210 points, reflecting performance consistency.
  • Five of Africa’s top 10 teams are from North Africa, showcasing the region’s dominance in tactical strength and international success.
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Key Takeaways:

  • Aradel Holdings led with ₦247.79 billion in PAT, marking a 361% year-on-year growth.
  • Oando and Seplat Energy followed with ₦220.12 billion and ₦214.25 billion in PAT, respectively.
  • Eterna Plc recorded a significant turnaround with 114% year-on-year growth, recovering from a loss in 2023.
  • The sector experienced widespread profitability gains, reflecting stronger market dynamics and operational improvements.
  • Profit after tax growth across the sector ranged from 15% to 361%.
  • Nigeria's oil & gas sector delivered a combined profit totalled ₦730 billion in 2024.
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Key Takeaways:

  • The sector’s total PAT rose by 28% from ₦31.68 billion in 2023 to ₦40.49 billion in 2024.
  • Chapel Hill Denham Nigeria Infrastructure Debt Fund remained the top earner with ₦19.59 billion, despite a modest 4% year-on-year decline.
  • Julius Berger and UPDC REIT also posted strong profits, contributing significantly to the overall performance.
  • UPDC Plc recorded the strongest profit growth, surging by nearly 278% from ₦221.5 million in 2023 to ₦836.9 million in 2024.
  • Ronchess Global Resources Plc significantly narrowed its losses by over 64%, though it remained in negative territory.
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Key Takeaways:

  • Seplat Energy recorded the highest EPS in 2024 at ₦385.61, up from ₦92.75 in 2023.
  • Aradel Holdings posted the strongest growth, with a 361% increase in EPS from ₦12.37 to ₦57.03.
  • Eterna PLC reversed its negative EPS in 2023, reporting ₦1.03 in 2024.
  • All listed companies reported positive earnings in 2024, compared to 2023.
  • Three companies grew their EPS by more than 200%.
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Key Takeaways:

  • SFS REIT reported the highest EPS in 2024 at ₦21.50, up from ₦14.50 in 2023.
  • UPDC Plc achieved the most significant growth, with EPS rising fivefold from ₦1.00 to ₦5.00.
  • Most companies posted improved EPS, reflecting stronger earnings and better shareholder returns.
  • Ronchess Global Resources reduced its loss per share by 68%, from -₦71.50 to -₦23.15.
  • Julius Berger and UPDC REIT recorded steady EPS growth of 23% year-on-year.
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  • Gross premium income in Kenya’s insurance sector grew by 89.1% between 2017 and 2024.
  • Premiums rose from KSh 209.0B in 2017 to KSh 395.3B in 2024.
  • The most substantial annual growth occurred in 2023 at 17.6%.
  • 2021 also recorded a significant rise of 16.6% growth.
  • The slowest growth was observed in 2020, at just 2.3%, likely reflecting the impact of the pandemic.
  • Despite fluctuations, the sector has maintained an upward growth trajectory across the 7 years.
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  • Kenya’s insurance assets more than doubled in seven years, from KSh 591B in 2017 to KSh 1.2T in 2024.
  • This represents a 109.4% growth over the period.
  • The sector recorded positive growth every single year, with no declines.
  • The most substantial growth occurred in 2024, at 17%.
  • Asset growth averaged between 7.5% and 12.5% annually until the surge in 2024.
  • 2023 marked the first time assets crossed the KSh 1 trillion mark.
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  • Government securities consistently dominate, holding between 69% and 71% of total insurance assets.
  • In 2022, government securities reached their peak share at 71.4%.
  • Investments in subsidiaries fell steadily from 11.9% in 2021 to 8.4% in 2024.
  • Ordinary shares and investment property grew slightly, reaching 9.4% and 9.2% respectively, in 2024 and 2023.
  • Term deposits declined from 8.6% in 2021 to around 6.7% in 2024.
  • The sector made gradual diversification moves but remained highly concentrated in government securities.
  • The consistent focus on low-risk assets highlights insurers’ preference for stability and capital preservation.
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  • Kenyan banks’ total assets grew by 56.6% between 2019 and 2024.
  • In 2024, assets declined slightly by 1.6%, the first drop in five years.
  • The sector recorded consistent growth from 2019 to 2023 before dipping in 2024.
  • The highest growth came in 2023, when assets surged 17.6% to KSh 7.7T.
  • Assets rose from KSh 4.8T in 2019 to KSh 7.6T in 2024.
  • Despite the 2024 dip, banks added nearly KSh 3 trillion in assets over the five years.
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  • Kenyan banks’ Profit-Before-Tax (PBT) grew by 62.8% between 2019 and 2024.
  • Total PBT rose from KSh 159.9B in 2019 to KSh 260.3B in 2024.
  • The lowest point was in 2020, when profits dropped to KSh 112.8B, a 29.5% decline.
  • Banks recorded their strongest recovery in 2021 with a 73.2% increase in PBT.
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  • Among the 113 countries measured in the 2022 Global Food Security Index, Nigeria is ranked 107th overall, putting it deep in the bottom ten globally.
  • Nigeria has the lowest affordability score globally in the GFSI 2022, scoring only 25.0 in that pillar.
  • The country performs marginally better in other pillars: its score in “Quality and Safety” is relatively higher (55.6), and “Sustainability and Adaptation” is 53.7. But other pillars like “Availability” (39.5) remain weak.
  • Globally, a group of countries, including Nigeria, DR Congo, Sudan, Venezuela, Burundi, Madagascar, Sierra Leone, Yemen, Haiti, and Syria, all cluster at low overall GFSI scores (below ~45), reflecting severe challenges.
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