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  • 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.
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    In addition to having one of the lowest populations on the continent, Mauritius boasts the greatest broadband penetration rate — 147.39% as of 2022 — of any country in Africa. The eastern African nation's broadband Internet subscribers surpassed its population in 2019.

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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.

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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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    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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  • 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 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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  • 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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Other Insights
 
  • The naira buys the most in countries like Guinea, Uganda, Burundi, and Malawi, where local currencies have lost value faster.
  • High inflation and unstable monetary systems have eroded the strength of several African currencies.
  • Most of the weakest currencies are in East and West Africa.
  •  The naira’s higher value in these countries does not mean it has fully recovered.
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  • Anambra has the highest intercity transport fare at ₦9,862, exceeding the national average by ₦1,857.
  • Kwara recorded the lowest fare at ₦5,991, a difference of nearly ₦3,900 from Anambra.
  • The national average fare for intercity bus travel stood at ₦8,005 as of July 2025.
  • Imo (₦9,710) and Oyo (₦9,708) followed closely behind Anambra, rounding out the top three highest-fare states.
  • The South West (₦8,570) and South East (₦8,547) were the most expensive regions for intercity bus travel.
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  • Lagos State tops the list with the highest intra-city bus fare at ₦1,384, exceeding the national average by ₦355.
  • Abia State recorded the lowest average fare at ₦508, showing a stark difference of ₦876 between the highest and lowest states.
  • The national average fare for a bus trip within Nigerian cities stood at ₦1,028.40 as of July 2025.
  • Nasarawa (₦1,306) and Enugu (₦1,280) followed closely behind Lagos State, rounding out the top three highest fares.
  • The South West had the highest regional average fare (₦1,116), while the South South (₦985) and North West (₦995) had the lowest.
  • States like Taraba (₦1,250) and Zamfara (₦1,248) also featured in the top six, showing that high fares are not limited to Southern urban centres.

 

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  • Osun (₦1,867) has the highest CoHD, while Kaduna (₦1,227) has the lowest, a gap of ₦640.
  • The national average CoHD stood at ₦1,495 as of December 2024.
  • Southern states, particularly in the South West, record the highest diet costs.
  • Northern states dominate the list of the most affordable places to eat healthy.
  • Rising costs in urban centres like Lagos (₦1,702) and Rivers (₦1,780) reflect the impact of logistics and inflation.
  • The ₦640 state gap shows inequality in dietary access, which can deepen nutrition and welfare disparities.
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  • The share of minimum wage needed to afford a healthy diet fell from 124.1% in June to 54.2% in July 2024, when the minimum wage was increased from ₦30,000 to ₦70,000.
  • Before July, the cost of a healthy diet for a month exceeded 100% of [the] minimum wage, making it unaffordable for minimum-wage earners.
  • The sharpest burden was recorded in June 2024, when households needed their full salary plus 24% extra to eat healthily.
  • Between July and December, affordability worsened slightly from 54.2% to 64.1%, indicating that food prices continued to rise despite the wage boost.
  • The implementation of the ₦70,000 minimum wage in 2024 provided significant relief to Nigerian households struggling with the high cost of eating healthily.
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  • The Cost of Healthy Diet (CoHD) in Nigeria increased by over 74% in 2024.
  • The average cost rose from ₦858 in January to ₦1,495 in December.
  • June 2024 recorded the sharpest monthly jump at 19.2%, the highest of the year.
  • From August to December, CoHD rose steadily — showing no reversal in trend.
  • The persistent rise reflects food inflation, weak supply chains, and increasing import costs.
  • For many Nigerians, maintaining a healthy diet is becoming increasingly unaffordable, threatening nutrition and welfare outcomes.
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  • Animal source foods make up the largest share of Nigeria’s CoHD at ₦528 (35.3%) of ₦1,495.
  • Starchy staples follow at ₦344 (23%), showing the centrality of carbs in Nigerian diets.
  • Vegetables (₦233) and fruits (₦163) collectively account for over a quarter of the cost.
  • Legumes, nuts, and seeds (₦101) are the least costly food group, despite their nutritional value.
  • The national average CoHD stands at ₦1,495 per person per day as of December 2024.
  • Protein-rich foods are becoming increasingly unaffordable, contributing to dietary imbalance.
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  • South West has the highest Cost of Healthy Diet (₦1,764), surpassing the national average by ₦269.
  • South South follows at ₦1,714.
  • South East (₦1,436) and North East (₦1,430) sit close to the national midpoint.
  • North Central and North West record the lowest CoHD at ₦1,372 and ₦1,296, respectively.
  • The national average cost of a healthy diet stands at ₦1,495 per person per day as of December 2024.
  • The regional disparities in food cost highlight the uneven impact of economic realities across Nigeria’s zones.
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  • Nigeria exited the FATF grey list in October 2025, after 32 months of monitoring.
  • The country was added to the grey list in February 2023 due to technical compliance shortcomings.
  • FATF conducted an assessment of Nigeria’s AML/CFT measures in 2008, marking the beginning of its oversight of the measures.
  • Between 2010 and 2013, Nigeria appeared repeatedly in FATF statements for strategic AML/CFT deficiencies.
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  • Nigeria’s FDI share plunged from 35% in 1990 to 1.1% in 2024.
  • Africa’s FDI surged over the same period, leaving Nigeria behind.
  • Q1 2025 inflow was only $126.3 million, showing persistent weakness.
  • Decline mirrors structural hurdles — unstable policies, forex issues, and weak infrastructure.
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  • Nigeria recorded 971 protests and violent demonstrations in 2024.
  • Protest numbers have grown 50-fold since 2000, signalling a consistent rise in public mobilisation.
  • The most significant surge occurred between 2011 and 2015, under Goodluck Jonathan’s administration.
  • Muhammadu Buhari’s tenure saw the highest number of recorded protests — peaking at 1,008 in 2020.
  • Despite a change in leadership, protest activity remains elevated under Bola Tinubu.
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  • The U.S Department of Homeland Security specifies that the data reflects the “worst of the worst” criminal aliens arrested by ICE, not general immigration arrests.
  • Nigeria leads the list with 40 arrests, the highest among all African nationals reported.
  • Somalia (27) and Liberia (21) follow, forming a concentrated top tier.
  • Most countries report fewer than 10 arrests, showing a sharp decline beyond the top group.
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  • Asamoah Gyan leads Africa’s all-time World Cup scoring chart with six goals in eleven games, making him the most prolific African player in World Cup history.
  • Roger Milla follows closely with five goals in ten matches.
  • Nigeria’s Ahmed Musa is Africa’s highest-scoring active World Cup player with four goals in just seven matches.
  • Despite a legendary club career, Samuel Eto'o scored only three goals in eight matches.
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  • Egypt was the first African and Arab nation to play at the FIFA World Cup, debuting in 1934.
  • Despite this early start, Egypt has qualified for only three tournaments since: 1990, 2018, and 2026.
  • Egypt failed to qualify for ten consecutive World Cups from 1938 to 1986.
  • Another long drought followed, with the team missing every World Cup tournament between 1994 and 2014.
  • Each of Egypt’s three World Cup appearances to date (1934, 1990, and 2018) ended in group-stage elimination.
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  • Ghana first appeared at the World Cup in 2006 after missing all 17 previous editions.
  • They advanced to the second round in 2006, a standout entry for a first-time participant.
  • In 2010, Ghana reached the quarter-finals, marking their strongest performance to date.
  • 2018 was the only missed World Cup since their debut, reflecting consistent qualification success.
  • They have already qualified for the 2026 World Cup.
  • Ghana has made five qualifications within 20 years, showing remarkable frequency for a team that only debuted in 2006.
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  • South Africa did not qualify for any of the first 15 World Cups from 1930 to 1994.
  • They made their World Cup debut in 1998 and were knocked out in the group stage.
  • Their second appearance came in 2002, ending again at the group stage.
  • In 2010, South Africa became the first African country to host the tournament, but still did not progress beyond the group stage.
  • The country failed to qualify for three straight World Cups in 2014, 2018, and 2022.
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  • Ten states and the FCT collectively reduced their external debt by $227.19 million in H1 2025.
  • Lagos, Edo, and Rivers accounted for most of the reductions, making up more than three-quarters of the total.
  • Several smaller states also trimmed their balances, but by relatively modest amounts.
  • These reductions significantly offset the increases recorded by 26 other states, helping keep nationwide net external debt growth low.
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