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  • Alibaba made $1.17 trillion in sales in 2020, larger than what Amazon and Walmart did in the same period, making the Chinese company the biggest eCommerce in the world.
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    MTN Nigeria’s revenue and profit after tax over the years

    MTN Nigeria recorded its first loss in 2023 because of a loss of forex. The naira recorded a massive loss to the US dollar in the second half of 2023, with a 95% drop. The company's revenue jumped from ₦1.04 trillion in 2018 to ₦2.47 trillion. While its profit after tax grew alongside the revenue from 2018 to 2022, it dropped from ₦349b to a ₦137b loss in 2023.

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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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    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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  • 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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    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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  • On average, the agricultural sector contributed 24.87% to Nigeria's GDP over the past decade. However, the sector's contribution has been declining since 2020, dropping from 26.21% to 25.18% in 2023.
    The sector’s contribution grew between 2014 and 2020, rising from 22.9% to 26.21%. The sector has been plagued with challenges over the past decade, with a couple of them becoming more intense in the past few years

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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
Top 8 economies by real GDP growth (2024)
  • Guyana leads with a 43.8% GDP growth, driven by its oil boom and foreign investment.
  • Interestingly, the rest of the list comprises smaller economies, including Samoa, Palau, and Rwanda, each showing promising growth rates.
  • African countries like Niger and Rwanda take significant spots on the list.
  • Nigeria has a growth rate of 2.9%, putting the country in 104th position worldwide (out of 190 countries)
  • The list reflects diverse regional representation, from Africa (Rwanda, Niger) to Asia-Pacific (Macao, Samoa, and Palau) and Latin America (Guyana).
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Top ten countries by Global Peace Index (Global and sub-Saharan)
  • Mauritius leads in Africa, ranking 22nd globally, with the best GPI score in sub-Saharan Africa (1.577).
  • Iceland continues to lead as the most peaceful nation in the world with an impressive GPI of 1.112.
  • Madagascar and Botswana rank 2nd and 3rd in sub-Saharan Africa, with GPI scores of 1.838 and 1.863, respectively.
  • The peace gap is evident, with sub-Saharan Africa’s top scorer, Mauritius, trailing behind global leaders.
  • Despite making the sub-Saharan top ten, Angola ranks 72nd globally, highlighting room for significant improvement.
  • Europe dominates the global top ten peace rankings, showcasing the impact of regional stability and cooperation.
  • Nigeria ranks 38 in the continent and 147 worldwide with a GPI of 2.907
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Top 20 African countries by their openness index (2024)
  • Eight African countries, including Burundi, Cape Verde, and Kenya, lead the way with a perfect score of 198, setting the standard for unrestricted accessibility and visa-free entry.
  • Nations with high scores will likely attract increased tourism, business opportunities, and cultural exchange, positioning themselves as hubs for international engagement.
  • Nigeria has a score of 49 out of 198, showing a relatively low openness.
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  • Ayra Starr's Spotify listeners more than doubled in 2024, ending 2024 as the Nigerian artiste with the most monthly listeners on Spotify.
  • Rema recorded the highest peak in Spotify listeners among Nigerian artistes.
  • Rema lost 14.4 million listeners in the year.
  • Other artistes like Burna Boy, Tems, and Wizkid, also saw listener bases increase in 2024.
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Real GDP growth forecast by region (2025-2029)
  • Africa will consistently achieve the highest GDP growth rate, projected at 4.4% from 2026 to 2029.
  • The Asia & Pacific region remains robust, starting at 4.3% in 2025 but is expected to gradually narrow down to 4.0% by 2029.
  • The global average GDP growth will hover around 3.2% from 2025.
  • Europe exhibits the slowest growth, starting at 1.6% in 2025 and declining to 1.5% by 2029.
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Crypto ownership by continent
  • Asia has the highest number of crypto owners globally, with 326.8 million individuals
  • Despite having the smallest crypto user base (3 million), Oceania experienced explosive 1-year growth of 114.3% in crypto ownership between 2023 and 2024.
  • Africa’s crypto ownership grew by just 8.5% over the past year, the lowest among all regions, with 43.5 million individuals owning cryptocurrency.
  • While some regions like Oceania and South America are experiencing rapid growth, Africa's slower adoption indicates barriers such as infrastructure and regulatory challenges.
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