In the third quarter of 2023, Nigeria collected a record ₦948 billion in Value Added Tax, the biggest in any quarter recorded from 2013. This data, spanning from Q1 2013 to Q3 2023, shows a consistent upward trajectory in VAT collections over the years.
As of the end of September 2023, Starlink Nigeria had amassed a customer base of 11,207 active subscribers, growing 66% from 6,756 in June. It placed 4th in the market after Spectranet (113,747), Tizeti Network (19,126), and ipNX Nigeria (14,871).
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.
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.
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.
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.
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.
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.
University of Maiduguri leads with 31,770 applications, indicating a significant demand for student loans in the North East.
North West institutions dominate the list, with five universities (Bayero University Kano, Federal University Dutsinma Katsina, Ahmadu Bello University, Usman Danfodiyo University, Sokoto, and Umaru Musa Yar'adua University) collectively accounting for a substantial portion of applications.
North Central is represented by University of Jos and University of Ilorin, highlighting the region's active participation in the student loan programme.
Federal University, Kashere's presence underscores the North East's engagement, with two institutions in the top 10.
All listed universities received over 11,000 applications, reflecting widespread awareness and utilization of the student loan initiative across these regions.
With 167,639 applications, the North West zone accounts for the highest number of student loan submissions, representing a significant concentration of demand in that region.
The North East follows with 134,359 applications, bringing the northern region's combined total to over 300,000, more than half of all zonal submissions.
The South West stands as the highest-contributing southern zone with 104,079 applications, showing a strong but comparatively lower demand than the North.
The South East recorded just 29,097 applications, the lowest across all six geopolitical zones.
America leads globally on LinkedIn, with 465.6M users making up 38.8% of the user base.
Asia follows, contributing 397M users, or 33.1% of the global total.
Together, Asia and America make up 71.9% of all LinkedIn users, totalling over 862M.
Europe holds a solid 19.5% share, with 233.8M users.
Africa’s 83M users represent a smaller but growing 6.9% share of global users.
Oceania has the smallest share, at 1.8%, with only 21.5M users.
The distribution reveals that LinkedIn’s core strength lies in regions where digital employment and professional networks are deeply integrated into economic and career activity.
Kenya recorded the highest ivory seizure among the top 10 countries, with 130,432 kg confiscated over the 34-year period.
China and Hong Kong follow closely, with 106,069 kg and 75,707 kg seized, respectively, showing their long standing roles as critical players in the global ivory network.
Vietnam and Singapore, both located in Southeast Asia, had substantial seizure records; 71,256 kg and 29,882 kg, indicating persistent trafficking through the region.
Nigeria leads West Africa in ivory confiscations within the top 10, with 23,031 kg, signalling its importance as a key node in the transit chain.
All countries listed in the top 10 are either source, transit, or destination points in the global ivory supply chain, reflecting how widespread and interconnected the illegal trade remains.
Africa’s total cashew nut (in shell) production increased from 172,050 tonnes in 1961 to over 2.25 million tonnes in 2023, a growth of approximately 1,209%.
Western Africa has been the primary driver of this growth since the 1990s and now produces the largest share of cashew nuts in Africa.
Western Africa accounted for 84% of Africa’s total cashew nut production by 2023.
Middle Africa has maintained a minimal but consistent level of production.
Eastern Africa led production from the 1960s through the 1980s before being overtaken by Western Africa.
The most significant growth in Africa’s cashew production began in the 1990s.
Despite overall growth, cashew production in Africa has experienced periodic fluctuations.
Mostly due to their climate conditions, Southern and Northern Africa regions are less favourable for cashew production than other African regions.
After yielding 61.9 million tonnes, yams were valued at $25.4 billion in 2023, the highest among reported commodities.
With 62.7 million tonnes produced, cassava generated $9.1 billion, making it the second most valuable crop.
Okra ($818/t), tomatoes ($808/t), and pineapples ($753/t) earned the highest returns per unit despite smaller volumes (1.6–3.8 million tonnes).
Maize ($3.7 b, 11.1 m t), rice ($3.1 b, 8.9 m t), sorghum ($2.3 b, 6.4 m t), cowpeas ($1.2 b, 4.3 m t), and groundnuts ($0.9 b, 4.3 m t) form the backbone of production.
Food prices rose roughly 13.9% from January to August 2025, according to the rebased Consumer Price Index (CPI) from the National Bureau of Statistics.
Month-on-month inflation for food fluctuated, with some months seeing sharper increases than others.
Using January as a baseline, the purchasing power of money for food declined steadily, meaning households need more naira to buy the same items.
Food carries a large weight in the CPI basket, making it a major driver of overall inflation and cost-of-living increases.