• South Africa leads in headcount, with seven billionaires, more than other African countries.
• Nigeria leads in wealth, with four billionaires worth $47.5 billion, $4.5 billion more than the combined $43 billion of South Africa's seven billionaires.
• Nigeria's billionaires are richer individually, with an average net worth of $11.9 billion, compared with South Africa's $6.1 billion.
• North Africa punches below its weight: Egypt, Morocco, and Algeria have ten billionaires combined but just $31.4 billion in total wealth.
• East Africa barely registers: Tanzania and Zimbabwe each have just one billionaire, both worth $2.1 billion.

Fuel prices from Dangote Refinery reached an all-time high of ₦1,175 per litre in March 2026.

The lowest recorded price in the period was ₦699 per litre in December 2025, showing a wide price swing.

The jump from ₦699 to ₦1,175 happened in roughly four months.

• Prices earlier in the timeline hovered mostly between ₦820 and ₦987 during late 2024 and much of 2025.
• The December 2025 price cut was aimed at making locally refined fuel more competitive against imports.
• After the price drop, fuel costs began rising again in early 2026, reaching ₦995 by early March before climbing further.
• Global geopolitical tensions affecting oil markets contributed to the upward pressure on prices.

• Internationally authorised Nigerian banks have raised and injected over ₦3.3 trillion in new capital since March 2024.
• The recapitalisation exercise is being driven by the Central Bank of Nigeria’s requirements, with the deadline expected in March 2026.
• Zenith Bank currently has the highest capital among the banks shown, reaching about ₦614 billion.
• Access Holdings has about ₦602.8 billion in total capital.
• Fidelity Bank raised the largest single capital injection in the group, about ₦437.85 billion, pushing its total capital to ₦564.5 billion.
• FCMB has the highest previous capital base among the banks listed (₦266.5 billion) before the recapitalisation injection.

• The Strait of Malacca is the world’s most important oil chokepoint, carrying about 24–25% of global oil supply in recent years.
• The Strait of Hormuz moves around 20–23% of global oil supply, making it the second-largest energy transit chokepoint.
• The Cape of Good Hope carries about 9–10% of global oil flows, and its share tends to increase when other chokepoints face disruptions.
• The Bab el-Mandeb saw a sharp drop in oil flow share from about 9% in 2023 to around 4% in 2024, reflecting security concerns affecting shipping in the Red Sea corridor.
• Oil transported through the Suez Canal and the SUMED pipeline system dropped significantly after 2023, falling from about 8.6% to below 5%, showing how quickly routes shift during geopolitical tensions.
• The Strait of Malacca’s share has remained consistently high and stable, indicating its structural importance to Asian energy demand.
• Alternative routes like the Cape of Good Hope in South Africa are longer but strategically crucial, especially when Middle Eastern chokepoints become unstable.

• Seven of nine exchanges posted positive growth, signalling broad-based expansion across African equity markets in 2025.
• Ghana Stock Exchange led all exchanges in growth rate, rising 133.86% across the year — the sharpest single-year gain in this dataset.
• The Johannesburg Stock Exchange closed Q4 at $1.3 trillion, making it by far the largest exchange on the continent by market capitalisation.
• The Stock Exchange of Mauritius and MERJ Exchange (Seychelles) were the only two exchanges to contract, declining 2.61% and 8.02% respectively.

• Life Business was the single largest segment, and its 70.3% jump signals that more Nigerians are thinking seriously about financial protection for their families.
• Miscellaneous, the smallest segment, posted the biggest growth at 86.7%, suggesting new and unconventional insurance products are gaining serious traction.
• Aviation & Marine nearly doubled, with 79.9% growth in a sector tied to trade and logistics, reflecting Nigeria's expanding import/export activity and the rising cost of cargo and aircraft risk coverage.
• Motor (52.5%), Fire (53.3%), and General Accident (49.6%) grew by roughly half, indicating broad-based sector expansion rather than isolated pockets of growth.

• Export values have grown over 400%, rising from ₦11.8 trillion in 2013 to a peak of ₦55.3 trillion in 2024, a fivefold increase driven by rising oil prices and a weaker naira.
• 2015 and 2016 were the hardest years, with export values crashing as low as ₦6.8 trillion in 2015, reflecting the brutal impact of the global oil price collapse on Nigeria's most critical export.
• The most explosive growth came from 2023 onwards, with values surging past ₦29 trillion in 2023 and peaking at ₦55.3 trillion in 2024, largely driven by the naira depreciation following Nigeria's 2023 foreign exchange reforms.
• The first nine months of 2025 saw a slower pace than the previous year, with ₦37.7 trillion recorded between Q1 and Q3, lower than the ₦41.5 trillion recorded during the same period in 2024.

• Local companies dominated CIT contributions in most years, accounting for over 50% of payments in 9 of 11 periods between 2015 and 2025 (Q1–Q3).
• Foreign companies briefly closed the gap in 2023, contributing 49%, the closest they have come to matching local firms.
• Local companies recorded their strongest share in 2021 at 65%, marking the widest gap between local and foreign contributors.
• “Other payments” peaked during the pandemic, rising to 17% in 2020 before dropping to 0% from 2022 onward.

• The highest number of grid collapses in the past 16 years occurred in 2010, with 42 incidents recorded.
• During Goodluck Jonathan’s administration, Nigeria’s grid collapsed an average of 24.4 times a year, the highest among the three administrations.
• Under Muhammadu Buhari, the annual average dropped to 12.8 collapses per year, indicating improved grid stability compared to earlier years.
• Under Bola Ahmed Tinubu, the average has fallen further to about 6.7 collapses annually.
• 2016 recorded the highest number of collapses during the Buhari administration, with 28 incidents.
• The most stable years in the dataset were 2020 and 2021, with only four collapses each.

• 26 companies on NGX are valued above ₦1 trillion.
• MTN Nigeria leads at ₦16.38 trillion, making it the most valuable listed company.
• The top three firms (MTN Nigeria, BUA Foods, and Dangote Cement) are far ahead of the rest, each exceeding ₦13 trillion.
• 9 of the 26 companies are in the financial services sector.
• Telecoms and manufacturing dominate the upper tier, highlighting infrastructure and essential services as market anchors.
• Energy companies are firmly positioned, reflecting their central role in the economy.
• Market concentration is high, as a few giants carry disproportionate weight relative to the 122 sub-₦1 trillion firms.
• Sector diversity exists within the top 26, but most belong to industries tied to basic economic activity rather than emerging tech or high-growth startups.

• Over 551,800 Africans were recruited by European powers during World War I.
• Approximately 86,100 African recruits died, representing a 13.5% fatality.
• North Africa supplied the most recruits (260,000), slightly ahead of West Africa (250,600).
• West Africa recorded the highest deaths (36,500) among the regions.
• East Africa contributed 117,900 recruits, with 13,200 deaths.
• Southern Africa’s involvement was significantly smaller — 9,500 recruits and 560 deaths.
• Africa’s participation was geographically uneven, shaped by colonial control and military strategy.
• More than one in eight recruits did not return, highlighting the human cost beyond battlefield narratives.

• Nigeria’s 2026 defence budget is $3.9 billion, placing it far below the top global spenders.
• It is just 0.5% of the US’ $831.5 billion budget, highlighting a massive scale difference.
• Compared to China ($303 billion), Nigeria’s budget is only 1.3%.
• Nigeria’s allocation equals 1.8% of Russia’s $212.6 billion allocation.
• Even a mid-tier top spender like Australia ($57.4 billion) has a budget almost 15x Nigeria’s.
• Nigeria’s budget is only 3.6% of India’s $109 billion defence allocation.
• European powers such as the UK ($88.5 billion), France ($67.2 billion), and Germany ($127.4 billion) all have defence budgets that dwarf Nigeria’s allocation