Bite-sized Insights about
 
Providing you with data-based insights about things happening around you.
Popular Insights
  • In the past seven years, 9mobile has experienced a consistent decline in its Internet subscriber base, with an average loss of 134k subscribers monthly since June 2016. This decline began after it reached 17.2 million subscribers — its highest ever — in April 2016. As of July 2023, 9mobile's Internet subscriber count was 3.9m. MTN had the largest share (68.1m) of Nigeria's 159m Internet subscribers as of July 2023. Glo and Airtel had almost equal shares, with 43.9m and 42.9m subscribers, respectively.
    See more

    As of 2022, Libya had the highest dentist availability in Africa.

    Many top African countries have fewer than 5 dentists per 10,000 people, with several falling below 1, and Nigeria at just 0.2.

    The WHO recommends at least 2 per 10,000 for adequate care.

    See more
  • 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

    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.

    See more
  • 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.

    See more
    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.

    See more

  • In 2022, the US hosted a diverse African immigrant community, totaling over 2.75 million. ​​ ​Nigerians make up the largest group at 448,405 (16.3%), followed by Ethiopians (10.6%), Egyptians (8.3%), and Ghanaians (7.8%).

    See more
  • 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.
    See more
  • 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
In the past 10 years, Nigeria has received $131 billion in capital imports

Nigeria's capital importation has been on a decline after it hit a $24 billion peak in 2019. In the past 10 years, it received $131 billion, with the lowest recorded in 2016. Here are the country's capital imports since 2013.

See more

President Tinubu was recently elected to take over from President Umaro Embaló of Guinea-Bissau as ECOWAS Chairman, making him the 9th from Nigeria. Since its inception, new chairmen have emerged 36 times, with Nigeria producing the most chairmen. Four countries in the ECOWAS region have collectively produced more than half of the chairmen since the organisation's founding, with each contributing multiple chairmen. Cape Verde is the only member country yet to produce a chairman.

See more
1 94 95 96
Key takeaways:
  • The top 11 nations accounted for 73% of the total asylum seekers in 2024, with each nation contributing more than 100,000 asylum seekers.
  • Venezuela (620,074) ranks first as the source country with the most asylum seekers in 2024.
  • Latin American countries dominate the top 11 list, with eight out of the eleven countries originating from the region.
  • Asian countries (China and India) make up a smaller share of the leading asylum-seeking populations.
  • Venezuela is the sole country of origin with an asylum seeker count exceeding 600,000 in 2024.
Read more
Key takeaways:
  • The increase has been continuous and exponential, with no year experiencing a decline since 2012.
  • The pace of growth has intensified in recent years, particularly during the last four years (2020-2024), which witnessed especially sharp increases.
  • The most significant one-year increase in absolute figures took place between 2022 and 2023, adding over 800,000 new asylum applicants.
  • The figure for 2024, standing at 3.18 million, is three times more than what was recorded in 2020.
Read more
Payment system by transaction value (Jan - Jun 2024)
  • Web payment amassed a total transaction value of ₦825.5 trillion, showcasing its dominance in both frequency and financial significance.
  • With a Constant Annual Growth Rate of 150.4% (in volume) and 208.9% (in value), Web Pay has been leading the Nigerian Payment System in both transaction volume and value since 2020.
  • Mobile payments contribute 15.8% of transaction volume and 10.9% of transaction value, indicating growing adoption among tech-savvy users.
  • NEFT transactions represent 21.5% of the total transaction value, reflecting their importance for transferring large sums.
  • The dominance of web payments reflects Nigeria's ongoing transition to a cashless economy and widespread digital adoption.
Read more
Payment system by transaction volume (Jan - Jun 2024)
  • Web payment is the leading payment system in Nigeria, handling over half (52.7%) of transaction volume and 56.6% of transaction value in the first half of 2024.
  • With a Constant Annual Growth Rate of 150.4% (in volume) and 208.9% (in value), Web Pay has been leading the Nigerian Payment System in both transaction volume and value since 2020.
  • Point-of-sale (POS) terminals account for 29% of transaction volume, proving their continued relevance for in-person transactions.
  • Mobile payments contribute 15.8% of transaction volume and 10.9% of transaction value, indicating growing adoption among tech-savvy users.
  • The dominance of web payments reflects Nigeria's ongoing transition to a cashless economy and widespread digital adoption.
  • With 3.49 billion transactions, mobile payments are gaining traction for low-value, high-frequency activities like bills and purchases.
Read more
Key takeaways:  
  • Most countries can only target 50-70% of their populations in need.
  • Sudan has the greatest humanitarian requirements, with 30.44 million people affected, and it is projected that only 69% will receive help, leaving 10 million individuals unsupported.
  • Myanmar exhibits the largest gap, with over 19.9 million people in need and only 5.5 million targeted for assistance.
  • The situation in Ukraine leaves nearly 7 million individuals without adequate assistance while targeting approximately 6 million individuals.
Read more
Key takeaways:
  • The industry sector accounted for the smallest portion of global employment in 2022.
  • Around 50 percent of the worldwide workforce is involved in the service sector.
  • On a global scale, the disparity between the agriculture and industry sectors is slight.
  • The sector with the largest share of employment globally is the service sector.
Read more
1 94 95 96 97 98 191

Can’t find what you’re looking for? Please fill the form below
Contact Form Demo
SIGN UP TO OUR NEWSLETTER
Get periodic updates about the African startup space, access to our reports, among others.
Subscribe Here
Subscription Form

A product of Techpoint Africa. All rights reserved