Fashion - Intelpoint

Portfolio investment into Nigeria hit a 13-year quarterly high in Q1 2026

Portfolio investment into Nigeria reached $9.86 billion in Q1 2026, the highest quarterly level in 51 quarters.
The Q1 2026 portfolio inflow was higher than the previous peak of $7.11 billion recorded in Q1 2019.
Portfolio investment accounted for 95% of Nigeria’s total capital importation in Q1 2026.
Foreign Direct Investment remained low at $135 million, far below portfolio inflows.
Other Investment stood at $374 million, making it the second-largest inflow category in Q1 2026.

Three African countries are projected to have debt exceeding their GDP in 2026

Sudan is projected to have Africa’s highest debt-to-GDP ratio in 2026, at 169.1%.
Only three African countries are projected to owe more than the size of their economies in 2026.
Senegal and Mozambique join Sudan among countries with debt-to-GDP ratios above 100%.
Africa’s average government debt-to-GDP ratio is projected at 60.7% in 2026.
Nigeria’s projected debt-to-GDP ratio of 32.3% is far below the African average.

Every food item tracked has at least doubled in price since May 2023

Every comparable food item tracked is now at least twice as expensive as it was in May 2023.
Nearly half of the selected food items have more than tripled in price since the month before fuel subsidy removal.
Unripe plantain recorded the steepest increase, rising by 469% between May 2023 and April 2026.
Ripe plantain, yam tuber, and fresh tilapia also saw extreme increases of more than 300%.
Even the slowest-rising staples, including frozen chicken, beans, gari, and maize, still more than doubled in price.

Healthy diet costs rose fastest in Nigeria’s North-West over two years

Healthy diet costs rose 49% nationally in two years.
North-West states recorded the fastest increases.
All seven North-West states rose above the national average.
Katsina and Kogi recorded the steepest increases, at 98%.
Akwa Ibom had the lowest increase, at 5%.

One adult’s monthly healthy diet takes two-thirds of minimum wage

One adult’s healthy diet takes 66% of Nigeria’s minimum wage.
The national average monthly cost is about ₦46,230 per adult.
Ekiti has the highest burden, at 90% of minimum wage.
Six states require over 80% of minimum wage for one adult’s healthy diet.
Adamawa has the lowest burden, at 43%.

GTCO turned ₦40 of every ₦100 earned into profit

GTCO had the strongest profit conversion in 2025.
GTCO turned about ₦40 of every ₦100 earned into profit.
Stanbic IBTC followed with about ₦34 profit per ₦100 earned.
Zenith made the highest profit, but not the strongest conversion.
First HoldCo had the weakest profit conversion among the banks reviewed.

Jaiz Bank spent the highest share of revenue on staff among NGX-listed banks

Jaiz Bank spent the highest share of revenue on staff in 2025. Jaiz spent nearly ₦18 on staff for every ₦100 of revenue. ETI and UBA followed with the next highest staff-cost-to-revenue ratios. GTCO had the lowest staff-cost burden among the listed banks. ETI spent the most in absolute staff costs, at ₦782.8 billion.

Migrating millionaires from South Africa and Nigeria were linked o over $3 billion in wealth

Nigeria lost 200 more millionaires than it gained between 2014 and 2024.
Migrating Nigerian millionaires were linked to an estimated $1.5 billion in wealth.
South Africa had Africa’s biggest net millionaire outflow among the selected countries.
Mauritius and Seychelles stood out as millionaire wealth magnets.
Seychelles attracted the highest migrant wealth per net millionaire gained.

Mauritius has the strongest productive capacity in Africa — ahead of Seychelles and South Africa

Mauritius leads Africa on the Productive Capacities Index with a score of 55.02, ranking 56th globally.
Seychelles, South Africa, and Cape Verde complete Africa’s top four, but none enters the global top 50.
Nigeria ranks much lower at 167th globally, with a score of 30.68, despite being one of Africa’s largest economies.
The ranking shows that economic size does not always translate into stronger productive foundations like human capital, ICT, energy, transport, and institutions.

Two-thirds of IDA’s commitments in one year went to Africa, led by Nigeria’s $3.1bn

Africa received 66% of IDA’s FY2025 commitments.
Africa’s total IDA allocation was $22.4 billion out of $33.8 billion.
Nigeria was the largest borrower from the DA globally, with $3.1 billion in loans.
Bangladesh ranked second with $3 billion.
Six of the top ten borrowers were African countries.
Nigeria accounted for 9.3% of total FY2025 IDA commitments.

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