Bite-sized Insights about
 
Providing you with data-based insights about things happening around you.
Popular Insights
  • Over the past ten years, there has been a rising trend of fraud and forgery cases in Nigerian banks. Although there was an 88% increase in reported cases in 2021, there was a 27% decrease in 2022, resulting in a 221% increase in financial losses of ₦9.5 billion.
    See more

    Key Takeaways:

    • Crude oil remains Nigeria’s largest export, while refined petroleum products lead imports.
    • Natural gas ranks as the second-largest export, contributing 9.71% of the total export value.
    • The top five imported products account for 32.28% of Nigeria’s global imports.
    • The top ten exports represent over 95% of Nigeria’s total export value.
    See more

  • 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.

    See more

    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.

    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

    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.

    See more
  • 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.

    See more

  • 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.

    See more

  • 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.

    See more
Other Insights
 
  • Nigeria’s GDP per capita rose strongly from 1999 to 2014, then reversed.
  • The 2014 peak remains the defining turning point.
  • Obasanjo’s years show the fastest sustained climb from a very low base.
  • Yar’Adua’s short tenure still maintained upward momentum.
  • Jonathan’s period delivered the peak level, not the fastest growth rate.
  • Buhari’s tenure marks the longest clear decline in GDP per capita.
  • Tinubu’s period begins with another sharp fall.
See more
Lagos State’s debt
 
  • Lagos cut external debt, but increased domestic debt.
  • The drop in external debt was meaningful, but the rise in domestic debt was much larger.
  • Stronger IGR gave Lagos more room to borrow and repay.
  • The state chose local funding over heavier dollar exposure.
See more
Nigerian states that reduced their external debts between June 2023 and December 2025
 
  • Lagos's debt reduction is larger than the other six combined.
  • Oyo posted the fastest reduction rate.
  • The biggest percentage cut did not equal the biggest dollar cut.
  • Debt reduction was concentrated, not broad-based.
  • Higher state revenues likely created room for repayments.
  • Lagos had the strongest fiscal capacity among the states shown.
  • Smaller debt stocks made percentage declines easier for some states.
See more
Change in external debt stock by state in Nigeria (Top 15, June 2023–June 2025)
 
  • All but four states increased their external debt between June 2023 and December 2025.
  • Northern states account for roughly 70% of the $1.34 billion added by states nationally.
  • Katsina recorded the highest growth in both absolute terms ($150 million) and rate (+296%).
  • 12 of the 15 fastest-growing state debts are in the north.
  • Lagos, Nigeria's largest debtor at $1.17 billion outstanding, was one of only four states that reduced its debt.
  • Kaduna carries the second-heaviest debt load at $684 million, despite a relatively modest 20% growth rate.
See more
Abia state debt
 
  • Abia’s domestic debt dropped by 66% between 2023 and 2025.
  • The state reduced domestic debt by about ₦94 billion.
  • Debt fell from roughly ₦138 billion to about ₦48.5 billion within two and a half years.
  • About ₦72 billion of inherited debt was cleared early in the administration.
  • External debt increased by 14% (+$12.9 million) over the same period.
See more
Adamawa State’s debt
 
  • Akwa Ibom’s domestic debt fell 41.5% over the period, from ₦138.6 billion to ₦48.5 billion.
  • External debt was almost stable, slipping just 0.9%.
  • The sharpest debt adjustment happened in local-currency obligations, not foreign debt.
  • The highest domestic debt level during the period was in December 2023.
See more
Top and bottom 20 Africa’s Crime Index (2025)
 
  • DR Congo had Africa’s highest criminality score in 2025 at 7.5.
  • South Africa ranked second at 7.4, while Nigeria occupied third spot at 7.3.
  • Kenya was the highest-ranked East African country at 7.2.
  • The gap between the highest (7.5) and lowest score (1.8) is wide — 5.7.
See more
 
  • 2026 is already Nigeria’s deadliest year, with six senior officer deaths as of April.
  • Borno accounts for most of the deaths.
  • 2025 already showed renewed pressure before the rise in 2026.
  • Lieutenant colonels account for the largest share of deaths by rank.
  • The pattern suggests attacks are increasingly targeting military command structures.
See more
Non-Performing Loan (NPL) ratio of selected banks in Kenya (2024-2025)
 
  • All eight selected Kenyan banks reduced their NPL ratios in 2025.
  • KCB recorded the largest improvement, with a 2.9% point drop.
  • KCB still had the highest NPL ratio in the group at 16.9%.
  • Co-operative Bank remained highly stressed at 15.7%, despite some improvement.
  • Equity Bank and Absa Bank Kenya both ended 2025 at 11.5%.
  • Standard Chartered Kenya had the lowest NPL ratio in the group at 5.5%.
See more
 
  • Only six states and the FCT increased domestic debt.
  • The FCT recorded the fastest domestic debt growth at 122.8%.
  • Enugu posted the second-highest increase at 70%.
  • Lagos remains the biggest borrower by value at ₦1.2 trillion.
  • Niger, Bauchi, and Kaduna saw smaller, yet notable increases.
  • Debt growth is concentrated, not broad-based across all states.
See more
 
  • FCT Abuja’s domestic debt jumped from ₦79 billion to ₦189 billion in one quarter.
  • This equals a 139.1% quarter-on-quarter increase.
  • Before Q4 2025, debt growth was relatively moderate.
  • Debt fell in 2024 before recovering in 2025.
  • The 2025 recovery was gradual until the final-quarter spike.
  • Q4 2025 pushed debt to the highest level in the series.
See more
 
  • East Africa has the highest Crime Index in Africa (6.02).
  • North Africa is experiencing the fastest rise in criminality (+0.57 since 2019).
  • West Africa remains one of the most exposed regions (5.49).
  • Southern Africa has the lowest index (4.88) but is still increasing.
  • All African regions recorded an increase in criminality between 2019 and 2025.
See more
1 … 5 6 7 8 9 … 132
  • Nigeria collected ₦34.62 trillion in company income tax across 45 quarters from Q1 2015 to Q1 2026.
  • Average quarterly collection stood at about ₦769 billion over the period.
  • CIT collections stayed below ₦1 trillion in every quarter until Q2 2023.
  • Since Q2 2024, collections have remained above ₦1 trillion for eight straight quarters.
  • The highest quarterly collection was ₦2.96 trillion in Q3 2025.
  • Annual CIT collections rose sharply from ₦2.82 trillion in 2022 to ₦9.21 trillion in 2025.
  • The recent surge is nominal and likely reflects stronger collections, inflation, naira depreciation, and higher naira-value foreign CIT receipts.
Read more
 
  • Africa imported merchandise worth $788.9 billion in 2025, representing about 3% of global merchandise imports.
  • South Africa was Africa’s largest merchandise importer, with imports valued at $128.1 billion.
  • Egypt ranked second at $97.5 billion, followed by Morocco at $87.4 billion.
  • The three largest importers accounted for $313 billion, or 39.7% of Africa’s total merchandise imports.
  • South Africa alone accounted for about 16.2% of the continental total.
  • The five largest importers, including Algeria and Nigeria, were responsible for $404.6 billion, or 51.3% of Africa’s imports.
  • Nigeria ranked fifth, with merchandise imports valued at $41.5 billion.
Read more
  • Only 16.9% of Africa’s merchandise exports were sold to other African countries in 2024.
  • Africa had the second-lowest intra-continental export share, ahead only of Oceania’s 4.8%.
  • Europe recorded the highest share at 65.6%, followed by Asia at 58.4% and the Americas at 54.0%.
  • Europe’s intra-continental export share was nearly four times Africa’s.
  • Africa’s share increased from 12.1% in 1995 to 16.9% in 2024, a rise of 4.8 percentage points.
  • Despite this long-term improvement, Africa remained below its 2015 peak of 18.8%.
  • Africa has not crossed the 20% mark at any point in the three decades covered.
Read more
  • Nigeria’s year-on-year food inflation rose for the fourth consecutive month, from 8.89% in January 2026 to 16.96% in May.
  • The rate increased by 8.07 percentage points within the first five months of 2026.
  • May’s 16.96% rate means food prices were, on average, 16.96% higher than they were in May 2025.
  • Food inflation rose from 12.12% in February to 14.31% in March and 16.06% in April before reaching 16.96% in May.
  • Food inflation exceeded Nigeria’s 15.93% headline inflation rate in May, showing that food was a major source of renewed pressure on household expenses.
Read more
  • Nigeria recorded the third-highest food inflation rate among 44 African countries in May 2026.
  • At 16.96%, Nigeria’s rate was lower only than Libya and Malawi, both at 17.6%.
  • Nigeria’s food inflation was nearly 3.5 times the 4.88% average across the countries covered.
  • Eight of the ten countries with the highest food inflation recorded rates above 10%.
Read more
  • Estimated visitor visa fee spending reached $193 million between FY 2018 and FY 2025.
  • Applicants paid the fee whether their visas were approved or refused.
  • Estimated spending peaked at $49.8 million in FY 2018.
  • Spending recovered to $25.1 million in FY 2024 before falling to $23.2 million in FY 2025.
  • The estimates exclude transport, documents, agents, accommodation and other related costs.
Read more
1 … 5 6 7 8 9 … 263
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