The National Bureau of Statistics has stated in its electricity report for H1 2022, that the number of metered consumers for Q2 2022 was 4,958,795, compared to 4,789,799 in Q1 2022.
 
The report also shows that the estimated billing consumers for Q1 was 5,840,927, while a higher rate was recorded for Q2 at 5,849,152.
 
Nairametrics had earlier reported that data from the Nigerian Electricity Regulatory Commission (NERC) showed the registered energy customer population stood at 12.78 million, of which only 4.77million (37.3% of the identified customers) were metered, leaving the unmetered population at 8.01million customers (62.7% of the registered customers) as of September 2021.
 
More details at:
https://nairametrics.com/2022/09/23/number-of-metered-electricity-consumers-in-nigeria-increased-to-4-9-million-in-q2-2022
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Airports in Nigeria had 15.8 million passengers passing through them in 2021, a 69 percent rise in air passenger rate, according to the Federal Airports Authority of Nigeria (FAAN).
 
The Managing Director of FAAN, Capt. Rabiu Yadudu who spoke at the 2022 Airline and Airport Business Summit, said the growth of air transport statistics has improved rapidly after the COVID-19 pandemic, disclosing that the passenger figure rose from 9.3 million in 2020 to 15.8m in 2021, showing an increase of 69% while aircraft movement increased by over 46% after the COVID-19.
 
On cargo movement, Yadudu said 191,000 tons of cargo were recorded in 2020, but rose to 381,000 tons in 2021, adding that the authority is working with other stakeholders in the air cargo logistics value chain to improve cargo export.
 
More details at:
https://dailytrust.com/nigerian-airports-processed-15-8m-passengers-in-1-year
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Despite the scarcity of fertilisers in the country, eight vessels have departed Nigeria with 243,217 tonnes of bulk urea valued at $231.9 million to Brazil, Mexico, Argentina and other destinations. Dangote, Notore and Indorama firms are the leading producers of the commodity in the country. It was gathered that the country is now self-sufficient in the production of urea and the leading producer of the fertiliser brand in Africa as it produces six million metric tonnes of urea with over 70 blending plants.
 
Data by the National Bureau of Statistics (NBS) revealed that the country’s export of urea increased from $38.6 million in first quarter, 2021 to $480 million or 92 percent urea in the first quarter of 2022. It noted that the country also exported $145.4 million worth of urea to Brazil in 2021. Currently, Nigeria has been ranked by the United Nations Food and Agriculture Organisation (FAO) as the 12th largest urea fertiliser producer globally at a production capacity of 1.62 million tonnes and the 16th largest exporter with a volume of 722,479 tonnes...
 
More details at:
https://www.newtelegraphng.com/nigeria-exports-n100-7bn-fertilizer-to-brazil-others  

Nigeria exported agricultural goods worth $787 million in the first half of the year, an increase of 17.3% from $671 million recorded in the corresponding period of 2021. It is, however, a rise of 61.9% compared to $486 million recorded in the second half of 2021. This is according to a breakdown in the foreign trade report released by the National Bureau of Statistics (NBS).
 
On the other hand, Nigeria imported agricultural goods worth $2.1 billion in H1 2022. This represents an increase of 11% compared to the $1.9 billion recorded in the corresponding period of 2021, while it declined by 21% from $2.6 billion recorded in the second half of 2021.
 
More details at:
https://nairametrics.com/2022/09/22/nigerias-top-agricultural-exports-in-h1-2022
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In 2023, the app-based mobile gaming market in Nigeria is estimated to be worth approximately $126 million. But globally, the revenue from mobile games is expected to reach $164.10 billion before the end of 2022. In Nigeria, the revenue in the mobile games segment is projected to reach $30.91 million in 2022 as it is expected to show an annual growth rate (CAGR 2022-2027) of 8.14 per cent, resulting in a projected market volume of $45.72 million by 2027. In the mobile games segment, the number of users is expected to amount to 104.9 million users by 2027. User penetration is projected to be 33.4 per cent in 2022 and hit 42.8 per cent by 2027. In global comparison, most revenue will be generated in China ($47,220.00 million in 2022). According to estimates from Statista Digital Market Outlook, the average revenue per user (ARPU) in the mobile games segment is projected to amount to $0.43 in 2022, while in the year 2021 a share of 45.7 per cent of users was in the high-income group.
 
The number of mobile gamers increases in proportion with the internet users penetrations. As of January 2022, Nigeria had over 109 million internet users — the highest number reported all over Africa. Egypt ranked second with over 75 million users. The majority of web traffic in leading digital markets in Africa originated from mobile devices — in Nigeria, one of the countries with the largest number of internet users worldwide...
 
More details at:
https://www.newtelegraphng.com/nigerias-mobile-game-revenue-to-hit-n63bn-in-2023
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Some 481 technology startups were in operation across Nigeria as of September 2022, employing over 19,000 people between them.
 
Of this, Fintech is the most populated sector, with more than one-third of the country’s tech startups active in that vertical.
 
According to the Nigerian Startup Ecosystem Report 2022 from Disrupt Africa, which disclosed, almost 50 percent of Nigerian tech startups have undergone some form of acceleration or incubation, even though diversity remains an issue, as less than 15.6 percent have a female co-founder.
 
The report said Nigerian startups are, however, only the third most successful when it comes to successful exits, with 15 ventures acquired since 2015, fewer than South Africa and Egypt. According to the report, the Nigerian startups have so far raised a total of $747.9 million this year.
 
More details at:
https://guardian.ng/business-services/481-tech-startups-employ-19000-raise-2-1b-in-seven-years
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Fifth-generation technology, commonly called 5G, is now available in Nigeria. MTN Nigeria Communications Plc commercially launched the fifth-generation technology, commonly called 5G, in Nigeria on Sunday.
 
It was launched during an event that enabled guests to test the use of the technology. At the commercial launch event, guests were able to experience some of the use cases of 5G.
 
This follows a pilot launch of 5G by MTN in August, keeping with the Nigerian Communications Commission rollout guideline. In August, the firm announced a pilot launch of 5G and its plan to roll out services in Lagos, Abuja, Port Harcourt, Ibadan, Kano, Owerri, and Maiduguri.
 
More details at:
https://punchng.com/mtn-launches-5g-network
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Analysts at McKinsey research have projected 152 percent growth in Africa’s electronic payments market by 2025.
 
The firm in a report estimated that while cash is still king in Africa, the e-payments market is likely to grow by more than $40 billion in revenues from domestic payments alone between 2020 and 2025, with about 188 billion in transaction volumes.
 
Key highlights of the research include: the compound annual growth rate (CAGR) of revenues for online payments which will likely exceed 30 per cent, possibly reaching about $13 billion in 2025, meaning revenues will more than quadruple between 2020 and 2025.
 
It added that cards and wallets could account for nearly 40 percent of revenues, respectively, with account-based payments accounting for less than 25 percent, “around half of future electronic-payments revenue will likely come from Egypt, Ghana, Kenya, Nigeria, and South Africa, with the fastest growth in Nigeria, at 35 percent per year.”
 
More details at:
https://www.thisdaylive.com/index.php/2022/09/16/mckinsey-projects-40bn-revenue-152-growth-for-africas-electronic-payments-market-by-2025
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After significantly evaluating relevant trends impacting today’s global business landscape and Nigeria’s unique circumstances as well as her position in the world today, the report titled, “Nigerian Brain Exports: The Optimal Path to Growing the Nigerian Economy,” recommends placing Nigerians in high-end Global Value Chains (GVCs) as the best path forward.
 
With such a large population that has an average age of 19 years, Nigeria, according to PwC report, has significant Brain Capital advantage, especially considering the ageing population in countries such as Germany, Japan, Italy and the United States...
 
With case studies of India and Kenya and a few local examples of companies already exporting Brain Capital from Nigeria and actively participating in the GVC’s, the report created a plausible scenario in which Nigeria captures 17 percent of the global programming and software development jobs. The earnings that will accrue to Nigerians performing these jobs is about $50 billion.
 
More details at:
https://www.thisdaylive.com/index.php/2022/09/15/report-exporting-tech-savvy-skills-out-of-nigeria-will-present-new-development-path-for-the-country
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The number of companies providing internet services in Nigeria has increased to 225 as of September 2022 from 187 recorded in December 2021. According to the updated list of licensees just published by the Nigerian Communications Commission (NCC) 38 more companies have been licensed since the beginning to bridge the internet access gaps in the country.
 
The newly licensed companies include Elon Musk’s company, Starlink, whose licence was approved by the telecom regulator in May this year. While other licensees will be leveraging the existing bandwidth capacity in-country to provide last-mile connectivity for Nigerians, Starlink, which is expected to launch its service this month, will be deploying its satellite technology to provide internet service across Nigeria.
 
The rising number of ISPs is expected to boost the country’s broadband penetration target of 70% by 2025...
 
More details at:
https://nairametrics.com/2022/09/14/nigerias-internet-service-providers-increase-to-225-as-ncc-issues-fresh-licences
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