By Daniel Ayuba Monday, February 6th 2023
By Daniel Ayuba Saturday, February 4th 2023
By Emmanuel Anwanaodung Thursday, February 2nd 2023
By Daniel Ayuba Tuesday, January 31st 2023
By Emmanuel Anwanaodung Friday, January 27th 2023
Latest News
Nigeria’s Creative Industry to Generate $15billion by 2025
In recent years, more people have begun seeking alternatives to white-collar employment as possible solutions to this problem, and one industry that has thrived from this has been Nigeria’s creative sector.
The Economic Impact of Invasive Alien Species to The African Continent
Research conducted by CABI Agriculture and Bioscience, a nonprofit organization which focuses on agricultural and environmental issues, has revealed the economic impact of Invasive Alien Species (IAS) on Africa’s agricultural systems.
How Nigeria’s Pension Fund Administrators Can Increase Returns while Driving Infrastructure Development
According to the Nigerian Pension Commission (PenCom), there are eighteen (18) registered Pension Fund Administrators (PFAs), eight (8) Closed Pension Fund Administrators (CPFAs), and three (3) Pension Fund Custodians (PFCs). Together, they manage 9,862,129 Retirement Savings Accounts (RSAs) to the tune of US$33.4 billion or NGN14.99 trillion. This sum represents as much as 28.9% of the nation’s nominal GDP as at Q3 of 2022. The PFAs are also structured in a multi-fund scheme from Fund I to Fund VI. These determine the risk profile of the different funds.
Africa’s Pay TV Subscriptions is On a Rise While Numbers in the US plummet
One major source of entertainment on television is primarily enabled through Pay TV subscriptions, which is a system of broadcasting where users pay to access particular program packages or channels on TV.
Wind power in Africa: Struggles, Opportunities, and Successes
Despite enormous potential, Africa continues to struggle with electricity generation through wind power.
Mustard Insights: Providing Data & Data Infrastructure for Africa’s Next Big Exports
Mustard Insights has set out to provide data and data infrastructure to aid the growth of specific areas of the African economy. We believe that the need for data that offers valuable information to decision makers within the continent and beyond to aid new export areas and investments to various aspects of the non-oil sector, has become more imperative.
A Review of Nigeria’s 2023 National Budget, and the Debt/Development Tug-of-War
The budget assumes an average real GDP growth rate of 3.75% in 2023. The last five years have seen Nigeria post real GDP growth rates of 1.90%, 2.26%, -1.94%, 3.38%, and 2.97% respectively. With these figures, it is difficult to see how the government has arrived at their assumed figure.
Mustard Insights 2022 Wrap: A Myriad of Challenges and the Hope of Progress
2022 saw the African continent grapple with different forms of challenges, changes, and tumultuous activities, here is a breakdown of major events.
Understanding Africa’s Major Population Centres
Exploring Africa's most largest cities, and how they attained their standing.
Business
Exchange Rates in Leading African Countries as of December
A breakdown of exchange rates for the month of december
The Dangers of Trade Centralization
An underlying issue with port usage might be capacity and equipment: some ports are just not big enough for some vessels; neither do they possess the facilities. The port at Apapa possesses docking and storage equipment unlike any other in the country.
The United Kingdom, Lagos State, Dominate Capital Importation in Q2 2022
The United Kingdom, South Africa, and the United States of America are a few of the countries with significant levels of capital importation into Nigeria
Nigeria's Top Trading Partners in the Second Quarter of 2022
The National Bureau of Statistics (NBS) Foreign Trade in Goods report revealed that Nigeria's total trade during the second quarter of 2022 was valued at N12.8trillion. According to the report, Nigeria recorded a trade surplus of N1.9 trillion in the second quarter of 2022, with total exports valued at N7.4 trillion and imports worth N5.4 trillion.
Inflation Rates in the Leading African Countries as of August 2022
The impact of Russia-Ukraine invasion on food and energy prices have been predominantly identified as critical drivers of several countries' recent spike in inflation.
Largest Venture Capital Funding By African Male and Female Led Fintech Startups In 2022
Only 3% of the $1.7 billion of funding that has been raised in Africa went to female founded fintech startups, while 76% of that number went to male-led startups.
Data That Affects You
Nigeria’s Creative Industry to Generate $15billion by 2025
In recent years, more people have begun seeking alternatives to white-collar employment as possible solutions to this problem, and one industry that has thrived from this has been Nigeria’s creative sector.
The Economic Impact of Invasive Alien Species to The African Continent
Research conducted by CABI Agriculture and Bioscience, a nonprofit organization which focuses on agricultural and environmental issues, has revealed the economic impact of Invasive Alien Species (IAS) on Africa’s agricultural systems.
A Review of Nigeria’s 2023 National Budget, and the Debt/Development Tug-of-War
The budget assumes an average real GDP growth rate of 3.75% in 2023. The last five years have seen Nigeria post real GDP growth rates of 1.90%, 2.26%, -1.94%, 3.38%, and 2.97% respectively. With these figures, it is difficult to see how the government has arrived at their assumed figure.
Nigeria’s 2023 Elections: Number of Accredited Voters Set as Elections Near
As Nigeria’s much anticipated 2023 election draws nearer, the need for free and fair elections in the country cannot be overstated.
African Countries Generating the Highest Music Streaming Revenue
Streaming revolutionized the music market, with music streaming Services such as Pandora, Deezer, Spotify, Apple Music and Boomplay all following early forerunners such as Napster to becoming key players.
Demand for Software Developers Continue to Spur Nigeria’s Tech Ecosystem
Nigerian tech sector growth continue to drive demand for software developers
In Africa
Nigeria’s Creative Industry to Generate $15billion by 2025
In recent years, more people have begun seeking alternatives to white-collar employment as possible solutions to this problem, and one industry that has thrived from this has been Nigeria’s creative sector.
The Economic Impact of Invasive Alien Species to The African Continent
Research conducted by CABI Agriculture and Bioscience, a nonprofit organization which focuses on agricultural and environmental issues, has revealed the economic impact of Invasive Alien Species (IAS) on Africa’s agricultural systems.
How Nigeria’s Pension Fund Administrators Can Increase Returns while Driving Infrastructure Development
According to the Nigerian Pension Commission (PenCom), there are eighteen (18) registered Pension Fund Administrators (PFAs), eight (8) Closed Pension Fund Administrators (CPFAs), and three (3) Pension Fund Custodians (PFCs). Together, they manage 9,862,129 Retirement Savings Accounts (RSAs) to the tune of US$33.4 billion or NGN14.99 trillion. This sum represents as much as 28.9% of the nation’s nominal GDP as at Q3 of 2022. The PFAs are also structured in a multi-fund scheme from Fund I to Fund VI. These determine the risk profile of the different funds.
Africa’s Pay TV Subscriptions is On a Rise While Numbers in the US plummet
One major source of entertainment on television is primarily enabled through Pay TV subscriptions, which is a system of broadcasting where users pay to access particular program packages or channels on TV.
Wind power in Africa: Struggles, Opportunities, and Successes
Despite enormous potential, Africa continues to struggle with electricity generation through wind power.
Mustard Insights: Providing Data & Data Infrastructure for Africa’s Next Big Exports
Mustard Insights has set out to provide data and data infrastructure to aid the growth of specific areas of the African economy. We believe that the need for data that offers valuable information to decision makers within the continent and beyond to aid new export areas and investments to various aspects of the non-oil sector, has become more imperative.
Industries
Nigeria’s Creative Industry to Generate $15billion by 2025
In recent years, more people have begun seeking alternatives to white-collar employment as possible solutions to this problem, and one industry that has thrived from this has been Nigeria’s creative sector.
The Most Expensive Non-Fungible Tokens in the Marketplace
Like all assets, factors of supply and demand are the key market drivers for the value of any NFT.
African Countries Sit on Significant Natural Gas Reserves
A select number of African countries presently have still untapped gas reserves totaling trillions of cubic feet of natural gas. Nigeria leads the way, with the West African oil giant presently sitting on 206.53 trillion cubic feet of natural gas, per the Africa-focused energy investment platform, Energy, Capital, & Power, and the country’s Department of Petroleum Resources (DPR).
Cement Prices in Some Sub-Saharan Countries in Africa
Burundi, Congo (DRC), and Cameroon are some countries in Africa with the most expensive price of cement per 50kg bag.
Software Developers Are on the Rise in Africa
South Africa, Egypt and Nigeria have been ranked as the countries with the highest number of software developers in Africa. Africa's tech ecosystem has been rising recently, with the market size expected to reach $712 billion by 2050.
Africa Aviation Industry is Experiencing A Surge in Prices
Africa’s aviation industry is one of the fastest growing in the world. The region has over 731 airports and 419 airlines, with an aviation industry that supports around 6.9 million jobs and $80 billion in economic activity (World Economic Forum).
Rankings
Affordability of Electricity Across Africa
Over 572 million people in Africa live without access to electricity. 51.5% of people in Sub-Saharan Africa have access to electricity, in remarkable contrast to North Africa, where up to 99.6% of the population enjoys electricity access, and the rest of the world where over 89% do.
Nigeria is the Most Crypto Obsessed Country in the World
Africa is not exempt from this development, and as more of its citizens continue to engage with cryptocurrencies, Sub-Saharan Africa has quickly become the fastest-growing cryptocurrency market among developing economies and the third-fastest growing market in the world
Nigerian Reality TV Shows With The Highest Possible Winnings, 2022
Nigeria's favorite reality tv show, Big Brother Naija, involves participants who come into the Big brother house to compete for the grand win. The grand prize for the just concluded Big Brother show stood at 100 million naira – including N50m cash and N50m worth of other awards from the show’s sponsors. Nigerian Idol is a singing competition modeled after the Idol series. The show's winner is also rewarded with 100 million worth of cash prizes as well as a record deal.
Nigerian Women Patronize Skin Whitening Products the Most in Africa, 2021
The obsession with skin-lightening products in African societies is increasingly taking a toll on the lives and livelihood of its people. Though both genders partake in skin alteration, most skin-lightening consumers are female. Many black women believe lighter skin signifies beauty, higher status, and superiority. This silent epidemic has been associated with serious health-related outcomes amongst users, especially those who subject their bodies to products formulated without proper safety precautions regarding the chemicals used in their production.
Family Planning: Increased Adoption by African Women
Family planning continues to gain acceptance amongst African women with more of them choosing to adopt safe and modern methods of planning childbearing. According to the World Health Organization (WHO), family planning is defined as “the ability of individuals and couples to anticipate and attain their desired number of children and the spacing and timing of their births. It is achieved through the use of contraceptive methods and the treatment of involuntary infertility.” It has also been considered as one of the key features central to gender equality and empowerment – the ability for a woman to willingly choose when she wants to give birth.
Most Decorated African Players By Trophies
African players continue to exceed expectations as they continue to outperform counterparts in their various football clubs across Europe. According to a report by KPMG, there are currently over 500 African players playing in European leagues. If we were to factor in the number of players playing in Asia and the Middle East, those numbers are likely to double. However, majority of the African players playing in various leagues seem to originate from West African states. “Senegal, Morocco, and Nigeria produced the highest number of players in European leagues, with 62, 55 and 54 players respectively, as of Nov. 23, 2021. Other countries include Ivory Coast (50), Ghana (46), Algeria (32), Mali (32), Cameroon ((28), DR Congo (23) and Guinea (13), with west African states dominating the chart”, according to the KPMG Football Benchmark report.
Welcome to Mustard Insights
Mustard Insights: Providing Data & Data Infrastructure for Africa’s Next Big Exports
Mustard Insights has set out to provide data and data infrastructure to aid the growth of specific areas of the African economy. We believe that the need for data that offers valuable information to decision makers within the continent and beyond to aid new export areas and investments to various aspects of the non-oil sector, has become more imperative.
Mustard Insights 2022 Wrap: A Myriad of Challenges and the Hope of Progress
2022 saw the African continent grapple with different forms of challenges, changes, and tumultuous activities, here is a breakdown of major events.
