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  • Twelve Nigerian banks listed on the Nigerian Exchange Group (NGX) reported a total profit of ₦3.42 trillion in 2023, with all banks making a profit and seeing increases from 2022. The top four banks — Zenith Bank, Access Holdings, UBA, and GTCO — contributed 71% of this amount. Zenith Bank saw a 202% increase from the previous year and led the way with ₦676.9 billion, while Access Bank recorded the highest increase in profits (307%). Jaiz Bank made the least profit (₦11.2 billion) followed by Sterling Bank (₦21.6 billion) and Wema Bank (₦36 billion).

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    Argentina, Egypt, and Ukraine were the IMF’s top three debtors as of June 26, 2024, accounting for $51 billion (46%) of the total debt. Egypt, Angola, and Kenya occupy the top three spots in Africa on the IMF’s debtors’ list.

    As of December 2023, Kenya's public debt stood at Ksh11.14 trillion (approximately $76.8 billion). By June 2024, its debt to the IMF had increased by 245% from $744 million in August 2020.

    This increase has coincided with protests in Kenya, where citizens opposed a proposed finance bill aiming to raise additional taxes to reduce the budget deficit and state borrowing.

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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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  • 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.

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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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  • Inflation rate in Nigeria increased to 31.7% in February 2024. Nigeria has the 13th highest inflation rate out of 186 countries and territories as of February 2024.

    The data showcases Argentina leading with 276%, followed by Lebanon and Syria. Seven of the top fifteen are African.

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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

Key Takeaways:

  • Ghana led the continent in gold production in 2023, producing 135.11 tonnes, 13.5% of Africa’s total.
  • Four countries (Ghana, Mali, South Africa, and Burkina Faso) each produced over 95 tonnes, together accounting for 443 tonnes or 44.1% of the continent’s output.
  • West African countries dominated the rankings, with eight nations from the region among the top 15 producers.
  • The West African countries in the top 15 combined contributed 525.55 tonnes, more than half (52.3%) of Africa's total gold production.
  • South Africa ranked third in Africa with 104.29 tonnes.
  • Burkina Faso ranked fourth while contributing almost 10% of Africa’s gold production.
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Key Takeaways:

  • In 2023, Africa was the world’s leading gold-producing region, with a total output of 1,003.98 tonnes.
  • Asia followed with 661.30 tonnes, representing 18.1% of the world’s gold output.
  • The Commonwealth of Independent States (CIS) produced 570.90 tonnes, making up 15.7% of the global total.
  • North America and Central & South America contributed 485.17 tonnes and 542.13 tonnes, respectively.
  • Oceania was a key producer with 343.29 tonnes, or 9.4% of global output.
  • Europe contributed the least, producing only 39.30 tonnes, which is about 1.1% of the total.
  • Altogether, global gold production reached 3,646.07 tonnes in 2023.
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Tunisia’s official exchange rate (Tunisian dinar per US$), 2016 - 2024
  • The Tunisian dinar stood at TND 2.15 per US$ in 2016 and has since depreciated to TND 3.11 per US$ in 2024.
  • Between 2016 and 2019, the dinar saw a strong depreciation.
  • 2020 marked a turning point with a 4.16% appreciation, the first notable currency strengthening in the period observed.
  • From 2022 onward, the exchange rate has stabilised closely around TND 3.10 to TND 3.11 per US$, with minimal yearly changes of 0.08% and 0.04%.
  • The largest year-on-year depreciation occurred in 2017 with a 12.63% change.
  • Despite the earlier years of high volatility, Tunisia’s currency performance in the last three years suggests better monetary management and external stability.
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Countries with the worst African Infrastructure Development Index (AIDI), 2024
  • Somalia has the lowest AIDI score in Africa at 7.10, reflecting extremely poor infrastructure across all sectors.
  • South Sudan (7.38) and Niger (8.12) rank slightly higher, showing similarly weak infrastructure profiles.
  • Ethiopia (13.09) and the Central African Republic (13.23), though more advanced than others on the list, still score under 15.
  • Nigeria's AIDI score of 25.70, while not high by global standards, is more than three times higher than Somalia’s, indicating major disparities in infrastructure across the continent.
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  • An average of ~38,000 RSA accounts use the 25% withdrawal option each year.
  • Total amounts tapped rose from ₦19.1B (2019) to ₦35.5B (2023) as balances grew.
  • Total amount withdrawn from 2017 through Q3 2024 was ₦198.3B.
  • Despite rising amounts, the count of withdrawals fell from ~57,000 in 2017–18 to ~38,000 since 2019.
  • Amount withdrawn jumped by 32% in 2023.
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  • Global cotton production grew by over 160%, from about 9.5 million tonnes in 1961 to 24.8 million tonnes in 2022.
  • China’s Reign: 41 years at number one. Biggest output: 7.62M tonnes in 2007.
  • USA’s Era: 13 years at the top. Peak production: 5.20M tonnes in 2005.
  • USSR’s Legacy: 5 years crowned. Best year: 2.89M tonnes in 1981.
  • India’s Late Charge: Only 3 years at number one, but a huge 6.13M tonnes in 2020.
  • Shift to Asia: In the early decades, USA dominated; now, it’s mostly China and India running the game.
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  • Egypt dominated African cotton production for decades, from the 1960s to the early 2000s, standing far ahead of other African countries in both volume and quality.
  • The early 2000s marked a major turning point, as West African countries — especially Burkina Faso and Mali — began to overtake Egypt in total production.
  • Burkina Faso emerged as the new cotton leader between 2005 and 2015, topping production in key years like 2005, 2006, 2008, 2009, and 2012–2015, and later reclaiming the top spot in 2020 and 2022.
  • Mali built its cotton strength after 2015, becoming Africa’s number one producer multiple times, peaking at over 334,000 tonnes in 2019.
  • Benin and Côte d’Ivoire quietly closed the gap throughout the 2010s, consistently ranking in the top three, even though they didn’t dominate the number one spot.
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Top 10 countries by African Infrastructure Development Index (AIDI), 2024
  • Seychelles leads Africa with a near-perfect AIDI score of 99.77.
  • Egypt and Libya follow with strong performances of 91.43 and 85.84, respectively.
  • Tunisia ranks 6th with a score of 74.18, showing consistent infrastructure growth.
  • Morocco and Algeria, despite being major economies, scored below 75.
  • Botswana rounds out the top 10 with a score of 42.13, nearly double Nigeria’s score.
  • Nigeria, despite its economic size, scored just 25.70, far below the continental leaders, highlighting major infrastructure gaps.
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Seychelles score - African Infrastructure Development Index (AIDI), 2003 - 2024
  • Seychelles' AIDI score more than doubled between 2003 (47.43) and 2024 (99.77).
  • The score crossed the 70-point mark in 2009 and jumped past 90 in 2013.
  • Between 2012 and 2024, the country maintained an AIDI score above 89, showing long-term infrastructure strength.
  • From 2003 to 2008, the score rose steadily each year, averaging more than 2 points annually.
  • The last five years (2020–2024) showed minimal fluctuation, with scores above 98 every year.
  • This performance positioned Seychelles as Africa’s most infrastructure-ready nation in 2024.
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Nigeria's score - African Infrastructure Development Index (AIDI), 2003 - 2024
  • Goodluck Jonathan's era (2010–2015) delivered the highest AIDI growth, with a CAGR of 6.84%, more than double that of his successor.
  • Muhammadu Buhari’s administration saw steady but slower growth, with a CAGR of 2.63%, increasing the score from 20.60 in 2016 to 25.70 in 2024.
  • Musa Yar’Adua’s brief tenure (2007–2010) still managed a solid CAGR of 4.26%, indicating promising momentum that was cut short.
  • Nigeria's AIDI score rose from 8.61 in 2003 to 25.70 in 2024, nearly tripling in two decades.
  • Obasanjo’s tenure saw the slowest growth, with only a 2.59% CAGR, suggesting limited infrastructure expansion in the early 2000s.
  • The fastest absolute annual increase occurred between 2010 and 2014, when scores jumped by over 2 points per year.
  • Despite steady growth, Nigeria's 2024 score of 25.70 still places it far from top performers in Africa, showing that significant infrastructure gaps remain.
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Average monthly cellular mobile data consumption per smartphone worldwide, 2024
  • Sub-Saharan Africa has the lowest mobile data usage globally, at 6.7 GB/month, which is less than one-third of the global average.
  • India, Nepal, and Bhutan top the global chart with the highest data consumption at 36 GB/month, signalling deep mobile integration in daily life.
  • Gulf Cooperation Council countries follow closely with 31.9 GB/month.
  • Western Europe and North America share the same high usage rate of 25.8 GB/month, indicating mature digital economies with consistent connectivity.
  • Latin America also lags, though still more than twice ahead of Sub-Saharan Africa at 15.2 GB/month.
  • The Middle East and North Africa surpass the global average too, at 22.7 GB/month, further highlighting the unique lag of Sub-Saharan Africa in mobile data use.
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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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Bitcoin’s market capitalisation, monthly average (Jan. 2016 - Jan. 2025)
  • Bitcoin’s market cap grew from $6B in 2016 to $2T in 2025 — a 337x increase.
  • In 2021, Bitcoin’s market value peaked at $1.1T before reaching $1.2T in 2022.
  • Bitcoin experienced a sharp drop to around $525B in 2023.
  • Its recovery was strong in 2024, with the market cap rising again to $1.4T.
  • Despite periodic dips, the long-term chart shows a consistent upward growth trend.
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Nigeria’s estimated population share by generation (as of Jan 2025)
  • Gen Z and Millennials combined make up just over half of Nigeria’s population at 50.1%.
  • Gen Alpha alone represents 35.6% of the total population — the single largest generational cohort.
  • Gen Z, born between the late 1990s and early 2010s, accounts for 25.8% of Nigerians.
  • Millennials make up 24.3%, maintaining a strong influence across work, culture, and consumer trends.
  • Gen X, typically born between 1965 and 1980, represents only 9.2% of the population.
  • Older generations (Baby Boomers and Silent Generation) account for just 5.1% of the total population.
  • Nigeria’s entire population under the age of 44 (Gen Alpha, Gen Z, and Millennials) represents approximately 85.7% of the total population.
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Share of women members of the national parliament (upper and lower chambers), African top and bottom 10 countries (2024)
  • Rwanda leads Africa in female parliamentary representation with 61.3% women in its national legislature.
  • Nigeria has the lowest representation of women in parliament across the continent at just 4.3%.
  • South Africa and Cabo Verde also boast high female parliamentary shares, with 44.7% and 44.4% respectively.
  • Four of the top 10 countries have more than 40% women in their national assemblies.
  • Only five countries in the bottom 10 have over 10% female representation.
  • The gap between the top and bottom countries is massive: a nearly 57-percentage-point difference between Rwanda and Nigeria.
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All-time most popular TV shows (non-English-language content) by the number of views in their first 91 days on Netflix, global top 10
  • Squid Game (Seasons 1 and 2) dominates with 457.8 million combined views, securing the top two spots globally.
  • Money Heist appears three times on the top 10 list—Parts 3, 4, and 5—with 285.2 million combined views.
  • France’s Lupin makes a strong showing, with Part 1 and Part 2 totalling 167.9 million views.
  • The top 10 list spans shows from Korea, Spain, France, Mexico, and Colombia, indicating Netflix’s successful global strategy.
  • Latin American thrillers like Who Killed Sara? and La Palma feature prominently, proving demand for drama-rich storytelling.
  • All shows on the list surpassed 50 million views each in just 91 days, showing rapid global consumption patterns.
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All-time-most-popular-movies-non-English-language-content-by-the-number-of-views-in-their-first-91-days-on-Netflix-global-top-10
  • Troll leads with 103 million views, making it the most-watched non-English movie on Netflix in its first 91 days.
  • Under Paris follows closely with 102.3 million views, proving France's influence in Netflix's global content slate.
  • Society of the Snow (98.5M) and Nowhere (85.7M) show how survival and human drama resonate deeply with audiences worldwide.
  • Dystopian themes remain popular, with The Platform (82.8M) drawing strong viewership through intense, minimalist storytelling.
  • Five out of the top 10 movies pulled in more than 80 million views each, highlighting a huge appetite for international cinema.
  • Latin America and Europe dominate the list, with films from Spain, France, and Norway also attracting global attention.
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All-time most popular movies (English-language content) by the number of views in their first 91 days on Netflix, global top 10
  • Red Notice leads with 230.9 million views in 91 days, making it the most-watched English-language Netflix movie to date.
  • Carry-On and Don’t Look Up are close, with 172.1M and 171.4M views respectively.
  • Five of the top 10 movies surpassed 150 million views within their first 91 days on the platform.
  • The Adam Project and Bird Box are tied closely, each drawing around 157 million views.
  • Back in Action and Leave the World Behind also made strong entries with over 140 million views each.
  • The entire top 10 showcases a mix of action, sci-fi, family, and thriller genres, proving Netflix’s broad appeal across demographics.
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