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  • Over the past nine years, the UK has been a major player in Nigeria's economy, contributing a substantial 43% ($47.5b) of the total capital imports. The UK's biggest capital investments in Nigeria occurred in 2014 and 2019. Since peaking in 2019, they have fallen 75% as of 2022.
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    Global smartphone shipments market share by companies in 2024 (Q1-Q3)

    Samsung consistently led the global smartphone shipments market through the first three quarters of 2024, maintaining the highest market share in each quarter.

    Apple and Xiaomi followed closely, while other brands, including Oppo, Vivo, and Transsion, were among the top brands. The top three smartphone brands (Samsung, Apple, and Xiaomi) dominate the market, collectively capturing nearly half of the global share in the first three quarters of 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.

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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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  • How much more debt did Nigerian states add to their existing domestic debt in 2023?

    Nigerian states' domestic debt increased by 9.8% in 2023, with 20 states and the FCT contributing to this increase. Lagos State recorded the biggest jump in domestic debt with ₦241.5b added.

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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.

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Other Insights
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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Popes in the history of the papacy by their country of origin (as of 2024)
  • 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.
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  • 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.
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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.
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  • 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
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  • Mauritius leads Africa’s Peace Index with the lowest (best) score of 1.586, showing its stability and strong governance.
  • Southern Africa is well represented in the rankings with Mauritius, Botswana, Namibia, Madagascar, and Zambia in the top 10.
  • West Africa also performs strongly, represented by The Gambia, Sierra Leone, Ghana, Senegal, and Liberia.
  • The scores are tightly clustered (1.586–1.939), showing that Africa’s most peaceful states are relatively close in performance despite regional differences.
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  • Nigeria maintained a positive trade balance, with exports accounting for 57.7% against imports at 42.3%.
  • Oil and gas remain the backbone of Nigeria’s export dominance, shaping the overall surplus.
  • The import share reflects the country’s reliance on foreign goods, particularly refined petroleum, machinery, and food products.
  • Sustaining export strength while reducing import dependency remains key to Nigeria’s long-term economic resilience.
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  • Ghana’s debt interest payments remained below $200 million for nearly three decades, reflecting relatively low external borrowing.
  • From 2000 to 2010, payments rose moderately, reaching $300 million by 2010 as Ghana’s borrowing needs expanded.
  • Interest payments accelerated sharply, surpassing $1 billion in 2017 and peaking at $1.49 billion in 2022.
  • After years of growth, payments plunged to $780 million in 2023, suggesting debt restructuring, payment relief, or reduced new borrowing.
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  • Financial services dominate Nigeria’s digitally delivered exports, contributing $1.15bn (over 74%).
  • Telecommunications ($184m) and insurance & pension services ($147m) follow, though far smaller.
  • Computer, information, and IP services registered almost no exports, highlighting untapped digital potential.
  • Nigeria’s digital exports remain highly concentrated in finance, leaving other sub-sectors underdeveloped.
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  • Africa’s renewable energy capacity more than doubled between 2015 (34.6 GW) and 2024 (70 GW).
  • Despite this growth, Africa’s global share fell from 1.87% in 2015 to 1.57% in 2024.
  • The decline in global share highlights that other regions are expanding renewable energy capacity much faster than Africa.
  • Between 2020 and 2024 alone, Africa added 18.5 GW of renewable energy capacity.
  • The sharpest annual increase occurred between 2022 and 2023, with capacity rising by 6.4 GW.
  • The percentage share of global renewable energy for Africa has consistently trended downward since 2018.
  • Africa’s renewable energy growth, while positive, is not yet keeping pace with the global energy transition.
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  • The cost of a 64-page Nigerian passport increased from ₦70,000 before September 2024 to ₦200,000 by September 2025.
  • A 32-page passport rose from ₦35,000 before September 2024 to ₦100,000 by September 2025.
  • The minimum wage only rose once within this period—from ₦30,000 to ₦70,000 in September 2024.
  • In 2025, the 64-page passport costs nearly three times the minimum wage.
  • Affording a passport now requires significantly higher financial sacrifice, particularly for low-income earners.
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