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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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    In 1994, the IBM Simon Personal Communicator, paved the way for a digital revolution. Fast forward to 2017, when smartphone shipments peaked at 1.57 billion units. However, the subsequent six-year period witnessed a 25% decline in shipments.

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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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    Africa's sanitation crisis is alarming, with 17 of the top 20 countries having the highest open defecation rates.

    Eritrea (67%), Niger (65%), and Chad (63%) lead, putting millions at risk of disease.

    Even Nigeria, the most populous African country, has 18% of its population practising it.

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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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    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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  • In Q3 2023, Nigeria's GDP soared, with almost every sector recording year-on-year growth. Noteworthy growth includes Information and Communication, which increased by 40% compared to Q3 2022. Check out the chart for a quick overview.

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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
Top 10 countries by African Infrastructure Development Index (AIDI), 2024
  • Seychelles leads Africa with a near-perfect AIDI score of 99.77.
  • Egypt and Libya follow with strong performances of 91.43 and 85.84, respectively.
  • Tunisia ranks 6th with a score of 74.18, showing consistent infrastructure growth.
  • Morocco and Algeria, despite being major economies, scored below 75.
  • Botswana rounds out the top 10 with a score of 42.13, nearly double Nigeria’s score.
  • Nigeria, despite its economic size, scored just 25.70, far below the continental leaders, highlighting major infrastructure gaps.
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Seychelles score - African Infrastructure Development Index (AIDI), 2003 - 2024
  • Seychelles' AIDI score more than doubled between 2003 (47.43) and 2024 (99.77).
  • The score crossed the 70-point mark in 2009 and jumped past 90 in 2013.
  • Between 2012 and 2024, the country maintained an AIDI score above 89, showing long-term infrastructure strength.
  • From 2003 to 2008, the score rose steadily each year, averaging more than 2 points annually.
  • The last five years (2020–2024) showed minimal fluctuation, with scores above 98 every year.
  • This performance positioned Seychelles as Africa’s most infrastructure-ready nation in 2024.
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Nigeria's score - African Infrastructure Development Index (AIDI), 2003 - 2024
  • Goodluck Jonathan's era (2010–2015) delivered the highest AIDI growth, with a CAGR of 6.84%, more than double that of his successor.
  • Muhammadu Buhari’s administration saw steady but slower growth, with a CAGR of 2.63%, increasing the score from 20.60 in 2016 to 25.70 in 2024.
  • Musa Yar’Adua’s brief tenure (2007–2010) still managed a solid CAGR of 4.26%, indicating promising momentum that was cut short.
  • Nigeria's AIDI score rose from 8.61 in 2003 to 25.70 in 2024, nearly tripling in two decades.
  • Obasanjo’s tenure saw the slowest growth, with only a 2.59% CAGR, suggesting limited infrastructure expansion in the early 2000s.
  • The fastest absolute annual increase occurred between 2010 and 2014, when scores jumped by over 2 points per year.
  • Despite steady growth, Nigeria's 2024 score of 25.70 still places it far from top performers in Africa, showing that significant infrastructure gaps remain.
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Average monthly cellular mobile data consumption per smartphone worldwide, 2024
  • Sub-Saharan Africa has the lowest mobile data usage globally, at 6.7 GB/month, which is less than one-third of the global average.
  • India, Nepal, and Bhutan top the global chart with the highest data consumption at 36 GB/month, signalling deep mobile integration in daily life.
  • Gulf Cooperation Council countries follow closely with 31.9 GB/month.
  • Western Europe and North America share the same high usage rate of 25.8 GB/month, indicating mature digital economies with consistent connectivity.
  • Latin America also lags, though still more than twice ahead of Sub-Saharan Africa at 15.2 GB/month.
  • The Middle East and North Africa surpass the global average too, at 22.7 GB/month, further highlighting the unique lag of Sub-Saharan Africa in mobile data use.
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Estimated number of residential households in Lagos State by LGA (2024)
  • Alimosho leads by far with 1,120,776 households—more than 400,000 households ahead of second-placed Oshodi Isolo (639,866).
  • Oshodi Isolo, Ikeja, and Ojo each have over 390,000 households, positioning them as Lagos’ other major residential hubs.
  • Lagos Island, despite its popularity and commercial relevance, has the fewest households at just 27,199.
  • Ibeju-Lekki, often seen as a fast-developing area, currently has only 71,496 households, highlighting its future potential.
  • Mushin, Surulere, and Ifako Ijaiye all have over 280,000 households each, forming a mid-tier residential cluster worth noting for service providers and real estate developers.
  • Coastal and outer LGAs like Badagry and Epe still reflect moderate household numbers, potentially constrained by infrastructure and distance from central business districts.
  • The gap between top and bottom LGAs is wide, showing Lagos’ uneven urban spread and pointing to both opportunities and challenges in housing development, planning, and equitable service delivery.
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Number of days of the pontificates of past popes from the 15th century to 2025
  • Pius IX served the longest papacy from the 15th century to 2025, with 11,465 days, over three decades.
  • John Paul II comes in second with 9,658 days, guiding the Church through some of the most politically charged eras of the 20th century.
  • Leo XIII is third, serving 9,275 days, during a time of major global industrial and philosophical shifts.
  • Only three popes have served more than 9,000 days.
  • Modern popes like Francis I and Paul VI managed to serve over 4,700 and 5,500 days, respectively, reflecting continued longevity in the modern Church.
  • The 17th and 18th centuries saw multiple popes—Urban VIII, Clement XI, and Pius VI—with pontificates exceeding 7,000 days.
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Burkina Faso’s score - African Infrastructure Development Index (AIDI), 2003 - 2024
  • Burkina Faso's AIDI score increased by over 10 points between 2003 (11.36) and 2024 (22.11).
  • The country experienced notable improvements between 2010 and 2012, with scores rising from 12.72 to 14.25.
  • The period between 2018 and 2024 showed the most consistent yearly growth, climbing from 17.51 to 22.11.
  • Between 2007 and 2008, Burkina Faso saw one of its smallest improvements, with only a 0.38-point increase.
  • The country's AIDI score crossed the 15-point mark in 2013 and has not dropped below it since then.
  • Between 2019 and 2024 alone, Burkina Faso added nearly 5 points to its score, showing accelerated development efforts.
  • Despite positive growth, the 22.11 score in 2024 still reflects major infrastructure deficits when compared to an ideal score of 100.
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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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Key Takeaways: 

  • The US' trade deficit with Nigeria narrowed significantly, shifting from a $5.14 billion deficit in 2017 to a $1.69 billion surplus in 2024.
  • US goods exports to Nigeria reached $4.2 billion in 2024, representing a 92% increase from the $2.2 billion recorded in 2017.
  • US goods imports from Nigeria totalled $5.9 billion in 2024, a 20% decrease from the $7.3 billion recorded in 2017.
  • The COVID-19 pandemic severely disrupted bilateral trade in 2020, but both imports and exports began recovering steadily from 2021 onwards.
  • By 2024, trade had rebounded substantially, with US imports from Nigeria reaching $5.87 billion and exports to Nigeria reaching $4.17 billion.
  • Despite experiencing persistent trade deficits from 2017 through most of the period, the US achieved trade surpluses with Nigeria in 2020 and 2021.
  • Total goods trade between the US and Nigeria ranged from $4 billion to approximately $10 billion.
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Key takeaways:

  • Zenith Bank Plc led the profitability ranking with a Profit After Tax (PAT) of ₦1.03 trillion.
  • Guaranty Trust Holding Company followed closely with ₦1.02 trillion in PAT.
  • Each of the top six banks recorded profits exceeding ₦600 billion.
  • The total PAT for the top ten banks rose by 53%, from ₦3.39 trillion in 2023 to ₦5.54 trillion in 2024.
  • FCMB Group Plc was the only bank among the top ten to record a year-on-year decline in PAT.
  • Ecobank, First Holdco, Fidelity Bank, and Wema Bank each recorded over 100% growth in PAT compared to 2023.
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Key takeaways:

  • Ecobank Transnational Incorporated ranks first with total assets of ₦43.3 trillion, marking a 67% increase from 2023.
  • Access Holdings Plc ranked the second-largest bank in 2024, as against the first in 2023.
  • The combined assets of the top five banks amount to ₦171.6 trillion, a 55% increase from 2023.
  • These five institutions represent the largest players in Nigeria’s banking sector by total assets as of 2023 and 2024.
  • The increase in total assets of the top ten banks ranges from 34% to 67% year on year.
  • The assets of the top ten listed public banks rose by 54% in 2024.
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Global monthly cellular data usage by mobile application category (Jan. 2025)
  • Video apps consumed 75.86% of the total global mobile data, making them by far the largest data users.
  • Social networking apps accounted for 7.84% of the total data usage, translating to 11.52 exabytes.
  • The "Others" category, which includes smaller app groups, made up 10.48% of global mobile data usage.
  • Software updates consumed 2.73% of the global mobile data volume, equivalent to 4.01 exabytes.
  • Web browsing took up 1.42% of mobile data use globally, accounting for 2.09 exabytes.
  • Audio apps like streaming music services accounted for 1.20% of the total mobile data usage.
  • File sharing applications consumed just 0.47% of the mobile data globally, indicating a relatively small share compared to other categories.
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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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  • In Africa, 275 million people were recorded to be malnourished in 2023.
  • Nigeria led the list of countries in Africa with the highest number of malnourished people (45.40 million), making 16.5% of the total.
  • Nigeria was followed by the Democratic Republic of Congo with 40.7 million, 14.8% of the total.
  • Nigeria, the Democratic Republic of Congo, Ethiopia and Kenya made up almost 50% of the total number of malnourished people in Africa.
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  • From H2 2013 to H1 2020, 9mobile gained more subscribers from other networks than it lost.
  • From H2 2021 onward, more subscribers left 9mobile for other networks than joined.
  • Net half-year losses grew from about 5,143 in H2 2021 to 28,735 in H2 2024.
  • Outgoing ports peaked at 28,885 in H2 2024, the highest half-year total on record.
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  • India produced 25.4 million metric tonnes of ginger since 1961 — more than any other country by far.
  • India’s 2021 harvest of 2.22 million tonnes is the highest single-year output ever recorded.
  • Nigeria is now the second-largest global producer, but its total output (10.1 million tonnes) is less than half of India’s.
  • Global ginger production is highly volatile, with year-on-year changes fluctuating by an average of nearly 10%.
  • Just five countries — India, China, Nigeria, Nepal, and Indonesia — account for the vast majority of global output.
  • Production has expanded over time, but remains concentrated in Asia and parts of Africa.
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