• The Nigerian naira depreciated by a record-breaking 129.23% in 2024, the highest drop in the last decade.
• From 2015 to 2022, the naira's depreciation was relatively controlled, rarely exceeding 20% year-on-year.
• The exchange rate remained nearly flat from 2017 to 2019, showing signs of stability.
• In 2023, the naira lost over half its value (51.46%), marking the beginning of the current volatility wave.
• The exchange rate crossed the ₦1,000/$ threshold in 2024 for the first time in history.

• Facebook has the highest number of users in Nigeria at 38.7 million, reaching 16.4% of the population.
• TikTok follows closely with 37.4 million users, accounting for 15.8% of Nigerians.
• YouTube attracts 27 million users, showing its continued relevance for content consumption.
• Snapchat boasts 19.6 million users, with 8.3% penetration across the country.
• LinkedIn is used by 11 million Nigerians, reflecting rising interest in professional networking.
• Instagram has 9.9 million users, slightly below LinkedIn in total reach.
• X (formerly Twitter) has 7.57 million users, capturing 3.2% of the population.
• Messenger is the least used among the listed platforms, with 5.65 million users in Nigeria.

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.

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.

In 2022, Egypt, South Africa, Nigeria, Algeria, and Morocco collectively consumed an average of 2.712 million barrels of oil per day (Mb/d), 61% of the continent's daily oil consumption (4.478 Mb/d). African countries consumed 4.7% of the global usage (99.8 Mb/d).

Egypt used the most (850.5 thousand barrels per day (Kb/d)), followed by South Africa (601.2 Kb/d) and Nigeria (514.5 Kb/d).

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.

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.