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.

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.

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.

• 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.

• Italy alone accounts for 217 popes, dominating papal history more than any other region or country.
• France, the second-most represented, has had only 16 popes, which is fewer than one-tenth of Italy's total.
• Germany and Syria have had 6 and 5 popes respectively, reflecting early and medieval Church dynamics.
• Africa has had just 3 popes.
• Modern nations like Argentina, Poland, and the Netherlands have produced only 1 pope each.
• Israel (3), Greece (4), and Turkey (2) are notable for their ancient Christian histories but limited papal presence in modern times.

• Nigeria spent $6 million on its first post-independence census in 1962.
• There is no publicly available data on the amount spent during the 1991 census.
• By 2006, census spending had surged to $266 million, highlighting a significant increase in the cost of national population counts.
• The budget for the upcoming 2025 census has not yet been disclosed.
• In April 2025, President Tinubu inaugurated the National Census Committee and gave a three-week deadline to submit a detailed report.

Key takeaways:

• Kano State received the highest allocation at ₦1.23 billion, accounting for 5.7% of the total NPHCDA Gateway fund.
• Katsina followed closely with an allocation of nearly 4%.
• Five of the top ten recipient states are from Southern Nigeria, while the other five are from the Northern part of Nigeria.
• Southern states (Osun, Oyo, Anambra, Akwa Ibom, and Imo) featured prominently, together receiving approximately 19% of the total disbursement.
• The top ten states collectively received ₦8.30 billion, representing 38.6% of the total fund.
• In total, ₦21.51 billion was disbursed to all states under the NPHCDA Gateway in 2024.

• India led globally for 21 of 24 years, followed by China (2) and Mexico (1)
• No African country ever topped global remittance inflow rankings
• Nigeria ranked among the top 10 recipients for several of the years
• India’s dominance reflects its large global diaspora and steady labour migration
• China’s brief lead came in the early 2000s but it was overtaken quickly
• Mexico in the top spot for one year was tied to strong remittance links with the US
• The top countries rarely changed, showing a stable global remittance pattern
• Most global leaders have large populations abroad in high-income economies
• Global remittances remain a major economic lifeline for developing countries

• Egypt had the highest total remittance inflows across all years in the dataset.
• Nigeria was consistently among the top 3 recipients every year, topping the chart for 13 years.
• Morocco and Ghana showed strong, stable inflows throughout the 2000–2023 period.
• Kenya and Senegal experienced some of the fastest remittance growth from 2000 to recent years.
• Rwanda had high percentage growth, though starting from a small base.
• A noticeable dip occurred in 2020 for most countries, likely linked to COVID-19 — followed by recovery in 2021 and 2022.

Key takeaways:

• Kano State received the highest individual allocation, totalling ₦1.43 billion, which accounts for 6% of the overall disbursement.
• The North-West region received the largest regional share, with ₦7.16 billion of the total NHIA Gateway Fund.
• The South-West received the smallest regional allocation, amounting to nearly 10% of the total.
• The top ten recipient states collectively received ₦10.07 billion, representing 42.1% of the entire fund.
• The Southern regions collectively received 42% of total disbursement.
• The total NHIA Gateway Fund disbursed in 2024 amounted to ₦23.92 billion.

Key Takeaways:

• Kaduna led national corn production on average, contributing 8% of total output, between 450,000 and 947,000 metric tons.
• Niger, Gombe, Borno, Plateau, and Taraba followed closely, each accounting for 5–6% of the total output on average.
• Corn production is heavily concentrated in the North-Central and North-East regions.
• Kaduna and Niger together accounted for 14% of Nigeria’s corn output on average.
• The top 10 corn-producing states, all located in northern Nigeria, on average contributed 47% of the national total.
• Southern states such as Osun and Ondo contributed modest but notable shares, each representing 3% of national production on average.

Key takeaways:

• Kano State received the highest allocation, totalling ₦2.67 billion, which accounts for 5.9% of the entire fund.
• Nine out of the top ten recipient states are located in Northern Nigeria.
• Enugu is the sole Southern state to appear among the top ten beneficiaries.
• The top ten states collectively received ₦16.94 billion, representing 37.3% of the total fund disbursed.
• In total, ₦45.43 billion was disbursed to all 36 states and the FCT in 2024.