BusinessDay Intelligence

[BusinessDay Intelligence @bdintelligence]

Nigeria’s Agritech startups are attracting major funding $59M for Thrive Agric, $33M for Vendease, and more. Beyond investment, there’s a need to train young Nigerians in tech to boost food production and jobs.
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#Agritech #Nigeria #YouthEmpowerment

[BusinessDay Intelligence @bdintelligence]

Nigeria’s banking sector saw a shift in 2024 as Ecobank Transnational Incorporated dethroned Access Holdings Plc to become the country’s largest bank by total assets. Ecobank’s assets hit ₦43.3 trillion, a 67 percent increase from 2023, pushing it ahead of Access
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[BusinessDay Intelligence @bdintelligence]

The African Union just opened the headquarters of the African Space Agency in Cairo. It aims to unify and coordinate space programs across all 55 member states. If successful, it could transform Africa into a global player in satellite tech, and innovation.
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[BusinessDay Intelligence @bdintelligence]

Mineral fuels and oils remain the major U.S. imports from Nigeria, accounting for $5.42 billion out of a total $5.70 billion in 2024. While oil dominates the trade landscape, Nigeria’s non-oil exports still made an impact, contributing approximately $423 million.
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[BusinessDay Intelligence @bdintelligence]

Food prices in Nigeria have surged by 400 percent –1200 percent over the last 10 years, while incomes haven’t kept up. Even with a new minimum wage, many families still can’t afford nutritious meals. Urgent action is needed.
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#inflation #CostOfLiving #FoodSecurity

[BusinessDay Intelligence @bdintelligence]

Nigeria’s banking sector is proving that brand trust can thrive even in tough economic conditions. In the 2025 Brand Finance Global 500 rankings, two Nigerian banks, UBA and First Bank, secured spots in Africa’s top five banking brands.
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[BusinessDay Intelligence @bdintelligence]

Arable land remains a vital resource across Africa, with Nigeria leading the continent at 36.9 million hectares. This vast expanse of fertile land positions Nigeria as a key player in shaping Africa’s agricultural future.
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[BusinessDay Intelligence @bdintelligence]

Chinese financial loans have played a major role in Nigeria’s economic development, with most of the funds going into transportation and digital infrastructure. The Transportation sector received the highest share, which is 64.9 percent of all Chinese loans.
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[BusinessDay Intelligence @bdintelligence]

Nigeria’s agricultural sector grew in 2024, with export values rising to ₦4.4trn, a 257 percent increase from the previous year’s ₦1.2trn. This growth solidifies agriculture as the country’s third-largest export contributor.
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[BusinessDay Intelligence @bdintelligence]

Airtel Africa leads Nigeria’s stock market at ₦8.11trn, followed by Dangote Cement and BUA Foods. MTN joins Airtel in the trillion-naira club. No bank ranks top five due to market volatility and CBN’s recapitalization policy.
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[BusinessDay Intelligence @bdintelligence]

In 2024, U.S. foreign aid focused on crisis-hit nations, with Ukraine receiving $6.1 billion. Other major recipients included the Democratic Republic of Congo, Jordan, Ethiopia, and the West Bank and Gaza, receiving $705 million to $1.3 billion each.
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[BusinessDay Intelligence @bdintelligence]

Nigeria’s economy is shifting! Agriculture dropped from 26.84% to 25.59% (2021-2024), while services surged from 55.11% to 57.38%. Industry also declined. Can Nigeria balance growth for jobs & food security?
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#NigeriaEconomy #AgricultureDecline #GDPTrends

[BusinessDay Intelligence @bdintelligence]

The S&P 500 delivered an average annual return of 10.4%, but some companies outperformed this benchmark. Morgan Stanley’s Counterpoint Global Insights highlights the top-performing stocks in the index based on annualized total returns (CAGR) from 2005 to 2024.
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[BusinessDay Intelligence @bdintelligence]

African Cities with the Weakest Purchasing Power in 2025
1️⃣ 🇳🇬 Lagos-10.6
2️⃣ 🇪🇹 Addis Ababa–11.7
3️⃣ 🇬🇭 Accra–15.2
4️⃣ 🇺🇬 Kampala– 17.1
5️⃣ 🇷🇼 Kigali–18.5
6️⃣ 🇪🇬 Alexandria–19.1
7️⃣ 🇪🇬 Cairo–23.1
8️⃣ 🇿🇼 Harare–30.3
9️⃣ 🇰🇪 Nairobi–34.1
🔟 ��🇿 Algiers–35.0
Source: Numbeo
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[BusinessDay Intelligence @bdintelligence]

Nigerian assets record their first positive real return in five years, driven by the CBN's decision to maintain a 27.5% benchmark rate well above the rebased inflation rate of 24.48% in January 2025.
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[BusinessDay Intelligence @bdintelligence]

Nigeria’s inflation rate dropped from 34.8% to 24.48% after the NBS rebased CPI calculations—but prices aren’t falling. Costs remain high, and Nigerians still struggle. The real challenge is stabilizing the naira and boosting productivity. #Nigeria
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[BusinessDay Intelligence @bdintelligence]

6️⃣ 🇪🇬 Egypt – 3.30 bbls
7️⃣ 🇨🇬 Congo – 2.88 bbls
8️⃣ 🇺🇬 Uganda – 2.50 bbls
9️⃣ 🇬🇦 Gabon – 2.0 bbls
🔟 🇹🇩 Chad – 1.50 bbls

(bbls = billion barrels)
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[BusinessDay Intelligence @bdintelligence]

Top 10 African Nations by Oil Reserves in 2025 🛢️

1️⃣ 🇱🇾 Libya – 48.36 bbls
2️⃣ 🇳🇬 Nigeria – 37.89 bbls
3️⃣ 🇩🇿 Algeria – 12.20 bbls
4️⃣ 🇦🇴 Angola – 7.78 bbls
5️⃣ 🇸🇸 South Sudan – 3.75 bbls

[BusinessDay Intelligence @bdintelligence]

Over 89% of Nigerian states reduce debt burden as of september 2024
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[BusinessDay Intelligence @bdintelligence]

Jan. 2025 began on a positive note for investors with strong yields in money market funds: CardinalStone Mutual Fund led at N2.5 billion NAV. Other top performers include Meristem Fund (24.24% return) and Anchoria Money Market Fund (23.95% return).
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