Bite-sized Insights about
 
Providing you with data-based insights about things happening around you.
Popular Insights

  • 10.7 million US non-immigrant visas were issued in 2023, 36% more than in 2022, with Mexicans receiving nearly 23% of the total. The top five countries received more than half of the total issuances. Nigeria — 15th on the list — received 1%.

    See more
  • 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.

    See more
  • Top ten African countries by estimated number of films produced annually

    The Nigerian movie industry, mainly financed via public or private funding and international grants, produces the most films in Africa, yearly. Nigeria produced more than double the number of films that the Ghanaian and Kenyan movie industries produce annually.

    See more
Other Insights
 

Despite a 13% year-over-year increase in orders, Jumia recorded a significant loss in Q2 2021. Though not the highest ever recorded, it's a whopping 105% increase from Q1 2021. Here are Jumia's losses and EBITDA for each quarter since 2019.

See more
 
According to UNICEF, Nigeria currently has more than 10 million out-of-school children, most of them in the North. On Tuesday, October 26, 2021, President Muhammadu Buhari said the fear and trauma of abduction are forcing children out of school. Here is the reported number of abducted school children in Nigeria by state since 2014.
See more
 

The number of people from sub-Saharan Africa studying in the US was highest in 2020 — 41,697. Here is the trend of sub-Saharan African, West African, and Nigerian students in the US from 2001 to 2020.

See more
 

3,930 Nigerians have been issued Canadian Study Permits in H1 2021, 67% of the total figures for 2020. Between 2015 and 2020, more Nigerians were issued this Permit in 2019. Here is a representation of the number of Nigerians issued the Canadian Study Permit from 2015 to H1 2021.

See more
 

Nigeria's population has increased from 45M at independence in 1960 to an estimated 206M as of 2020. Nigeria's GDP recorded its biggest year-on-year increase in 1981. Today, being her independence day, we present Nigeria's GDP and population growth rate since 1960.

See more
 

Nigeria's Federation Account Allocation Committee (FAAC) shared a total of ₦4.19 trillion among 36 states and the FCT in 2020. Lagos State made ₦419 billion in internally generated revenues (IGR) — 32% of the IGR by all states combined.

See more
 
Nigeria has been estimated to have a housing deficit of 22 million units. Since 1991, this ​deficit grew the most between 2007 and 2015. Following the FG's inauguration of the country's housing portal, we present the increase in the housing deficit in Nigeria since 1991.
See more
 
As of July 31, 2021, Lagos State had recorded 7.2 million National Identity Number (NIN) enrollments, the highest in the country. Here is a map of the total number of unique NIN records by state and the FCT as of July 31, 2021.
See more
 
As of May 2021, 54.69 million Nigerians had been enrolled in the National Identity Management Commission (NIMC) database. Here is the total number of registered Nigerians over the years.
See more
 

According to The Global Humanitarian Overview, the UN and partner organisations will require a total of $35bn to assist 160M people most in need across 56 countries. Here are the top countries/regions most in need and their funding in 2021.

See more
 

With a population of over 200M people, 7.7 million were in need of humanitarian aid as of 2020. This figure has since increased, requiring the sum of $1.01bn to meet their needs. Here’s the trend of Nigerians in need of humanitarian aid over the last 5 years.

See more
 
The first major abduction of school children by Boko Haram occurred in Borno State in 2014 when 276 schoolgirls were taken. Since then, at least 1,800 school children have been abducted.  More school children were kidnapped in 2021 than in previous years.
See more
1 … 58 59 60 61 62 … 72
The Federation Account Allocation Committee (FAAC) has distributed a total of ₦593 billion as derivation funds to nine oil-producing states in Nigeria. These funds are part of the statutory allocation intended to support states with significant contributions to the country's oil revenue. Delta State emerged as the largest beneficiary, receiving ₦193 billion, which constitutes 32.5% of the total allocation.
Read more

When Aigboje Aig-Imoukhuede and Herbert Wigwe acquired Access Bank in 2002, it ranked 65th in Nigeria. Today, it is the largest bank in Nigeria by asset size, with a vision to be Africa's most respected bank.

While its expansion across Africa has been aggressive, it has not been smooth sailing. Access Bank divested its holdings in Access Bank Côte d'Ivoire and Finbank Burundi, two of its earliest attempts at expansion. In Gambia, the Central Bank nationalised the bank in 2014. The nationalisation was short-lived as investors recapitalised the bank to meet the regulator's requirements for the takeover. With rolling five-year corporate plans since 2003, Access is in its fifth strategic cycle. Access' strategy cycle (2023-2027) indicates a plan to continue its expansion drive, invest in its subsidiaries, and acquire growth banks in strategic markets before consolidating and optimising its operations to drive capital growth.
Read more
From hangouts with friends to family outings during the holiday season, quick-service restaurants (QSRs) have become an important part of Nigeria's social ecosystem. These businesses are landmarks in cities and important players in the growing food delivery business. Chicken Republic is the largest QSR in Nigeria by outlet count, with nearly 200 outlets. It dwarfs its closest rival, Kilimanjaro, with over two times its 84 outlets. In third and fourth are Coldstone Creamery and Domino's Pizza, signalling a potential interest in QSRs that have narrowed menus among Nigerians.
Read more
Movie cinemas by states (2022)
Nigeria's cinema distribution is strikingly uneven, with Lagos emerging as the undisputed hub, housing 114 out of the country's 206 cinemas. This means more than half (54.8%) of Nigeria's cinemas are in Lagos alone. This dominance highlights the state's strong cultural, economic, and entertainment appeal, making it the go-to destination for film enthusiasts and industry players. Beyond Lagos, Abuja follows distantly with 17 cinemas, constituting 8.2% of the total. States like Edo, Kano, Delta, and Anambra collectively hold significant numbers but remain far behind Lagos. Interestingly, only 18 states are home to cinemas.
Read more
Startups and funding raised in 2024
AI startups are growing in the innovation race in 2024, with ten companies from Forbes' AI 50 list collectively securing $29.5b in funding. OpenAI dominates the landscape with an impressive $11.3b, surpassing all other startups. Following OpenAI is Anthropic, which raised $7.7 billion, signalling significant investor confidence in companies driving large-scale AI advancements. These two companies alone account for over half of the total funding of all Forbes AI 50 firms. Databricks, a name synonymous with data infrastructure, comes in third with $4 billion in funding, emphasising the critical need for scalable data management systems in the age of AI. Meanwhile, Anduril, a defence technology innovator, secured $2.8 billion, showcasing how AI also shapes defence and national security sectors. Notably, the funding sharply drops after these four, with other companies raising less than $800m Note: Forbes’ AI 50, in partnership with Sequoia and Meritech Capital, highlights the top private startups advancing AI with the most promising business applications.
Read more
Tourist centres in Nigeria (2022)
Enugu and Kwara lead as the states with the most tourist centres in Nigeria, boasting 17 tourist sites each. States like Edo (16), Kogi (15), and Oyo (15) closely follow, showcasing Nigeria's rich and varied attractions across different regions. Lagos, often called Nigeria's commercial capital, features prominently with 13 tourist centres.
Read more
1 … 58 59 60 61 62 … 143
Can’t find what you’re looking for? Please fill the form below
Contact Form Demo
SIGN UP TO OUR NEWSLETTER
Get periodic updates about the African startup space, access to our reports, among others.
Subscribe Here
Subscription Form
A product of Techpoint Africa. All rights reserved