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  • Nigeria imported hair products such as wigs, false beards, eyebrows, eyelashes, and others worth $5.1 million in 2022, with 94.7% coming from China. Here are the countries from which Nigeria imported these products.

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    According to UNESCO, low-budget movies from Nigeria and other African countries account for most of the films produced annually in Africa. Here is a breakdown of the estimated number of films produced annually, private television channels, and cinema screens by African region.

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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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    Africa's sanitation crisis is alarming, with 17 of the top 20 countries having the highest open defecation rates.

    Eritrea (67%), Niger (65%), and Chad (63%) lead, putting millions at risk of disease.

    Even Nigeria, the most populous African country, has 18% of its population practising it.

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  • 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.

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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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  • When Olusegun Obasanjo took office in 1999, the exchange rate was ₦97 to $1; it was ₦128 under Yar'Adua in 2007. During Jonathan's tenure in 2010 it was ₦151 while it was ₦199 when Buhari was in office.

    Despite efforts to let market forces decide the rate, the naira continues to weaken. Will the current administration turn things around soon?

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  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
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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.

    See more
Other Insights
 
  • With a score of 0.935, Iceland continues to set the benchmark for gender equality.
  • Namibia (0.805) and Nicaragua (0.811) are redefining expectations, proving that gender equality is not just a goal for wealthier nations but a global priority.
  • Germany (0.810), Ireland (0.802), and Lithuania (0.793) highlight Europe’s dominant role in advancing gender parity, setting examples for other regions.
  • Namibia (0.805) and South Africa (0.785) represent two of Africa’s most gender-equal societies.
  • Nigeria has a score of 0.65, making it the 125th country worldwide
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Number of dentists in Nigeria's geopolitical zones as of 2022 (share of total)
 
  • There are 3,112 dentists in Nigeria as of 2022, highlighting the limited availability of dental professionals in a population of over 200 million.
  • The Southwest geopolitical zone has the highest number of dentists, totaling 1,176 (37.8%), indicating a concentration of dental services in this region.
  • Collectively, the North (Northwest, North Central, and Northeast) has only 687 dentists, which is approximately 22% of the total, showcasing significant regional disparities in healthcare access.
  • The Southeast zone has the fewest dentists, with only 141 (4.5%), underlining a shortage of dental professionals in this region.
  • The concentration of dentists in zones like the Southwest likely reflects urbanization trends, leaving rural areas in other regions underserved.
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  • Two of the top five markets by ARPU are in its Southern African region.
  • Two of the top three markets by ARPU are units that are operating as joint ventures
  • Nine markets are less than the group's ARPU
  • Benin recorded the highest ARPU across its West African markets
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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.

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  • Migrants living in Nigeria sent out over $3.2 billion in personal remittances between 2000 and 2023.
  • The year 2015 recorded a sharp and unusual outflow of $1.04 billion, the highest by far in the entire 24-year span.
  • After 2015, remittance outflows sharply declined, stabilising below $100 million from 2018 onward.
  • Prior to 2015, outflows were consistently under $110 million annually, indicating a major anomaly in that spike year.
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  • Nigeria received a total of approximately $430 billion in remittances between 2000 and 2023.
  • The highest amount recorded was in 2018, when remittances peaked at $24.31 billion.
  • In 2020, inflows dropped significantly to $17.21 billion due to the global COVID-19 crisis.
  • Between 2021 and 2023, remittances remained stable, averaging around $19.7 billion per year.
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  • Meta’s revenue reached $42.3B in Q1 2025, more than triple its Q1 2018 revenue, marking a steep and sustained growth curve.
  • Net income surged to $16.6B, its highest in a first quarter, reflecting efficient cost structures and monetisation strategies.
  • The U.S. alone contributed 26.1% of this revenue, followed by Asia Pacific (15.8%) and Europe (7.4%).
  • The “Rest of the World” brought in over 50% of Meta’s total revenue, highlighting a growing influence from emerging markets, including Africa.
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Key Takeaways:
  • In 2024, ten publicly listed banks donated more than ₦20.97 billion to host communities.
  • Access Holdings Plc led the list with ₦6.74 billion, accounting for nearly 32% of total donations.
  • The top three banks (Access, Zenith, and UBA) contributed around ₦13.6 billion, or 65% of total donations.
  • Donations ranged between ₦113 million (Jaiz Bank) and ₦6.7 billion (Access Holdings).
  • Jaiz Bank donated the smallest proportion, 0.54%.
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  • The same countries—Burundi, Malawi, DR Congo, Mozambique, Niger, Liberia, Madagascar, Central African Republic, Chad, and Ethiopia—consistently occupy the bottom ranks over the years.
  • These countries remain far below the continent's average, often with GDP per person employed under $5,000 even in recent years.
  • Progress is marginal: while some, like Ethiopia and Mozambique, show slow growth, many fluctuate or even regress across periods.
  • Structural economic weaknesses, conflict, and low industrialisation seem to persist across the bottom group.
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  • In 2024, nearly 138 million children globally are still involved in child labour.
  • Africa accounts for 94.5 million (68.7%) of these children — the largest regional share.
  • Four in 5 child labourers under age 12 are based in Africa.
  • The global goal to end child labour by 2025 was not achieved.
  • Child labour has fallen by over 100 million since 2000, despite global child population growth.
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