Finance - Page 4 - Intelpoint

The six North Central states collectively hold ₦449.4 billion in domestic debt as of Q2 2025, according to DMO data.
Kogi and Nasarawa lead in fiscal control with ₦18.8 billion and ₦23.9 billion, respectively
Both states record the lowest debt profiles in the region. Niger State’s ₦141.5 billion debt makes it the region’s most indebted, accounting for nearly one-third of the total.
The debt gap between Kogi (lowest) and Niger (highest) stands at over ₦123 billion, highlighting stark differences in fiscal management and borrowing capacity across the zone.

Lagos dominates regional debt with a domestic debt stock of ₦1.04 trillion, over 70% of the South-West’s total subnational debt.
Lagos’s debt is six times larger than that of Ogun (₦162.9 billion), the region’s next most indebted state.
At ₦10.6 billion, Ondo maintains the lowest domestic debt profile in the region, reflecting relatively modest borrowing.
The combined domestic debt of the six South-West states (Lagos, Ogun, Oyo, Osun, Ekiti, and Ondo) stood at ₦1.43 trillion as of Q2 2025.

Nigeria dominates with ₦339.6b, contributing over 70% of GTCO’s total profit after tax in Africa.
Ghana (₦61.9b) and Côte d’Ivoire (₦28.2b) followed as the strongest non-Nigerian subsidiaries.
Tanzania (₦46m) and Uganda (₦505m) contributed negligible profits compared to peers.
GTCO subsidiaries across Africa collectively generated around ₦476b profit after tax in the first half of 2025.

Manufacturing records the highest monthly revenue at ₦8.27m, nearly double that of the next sector.
Healthcare (₦5.02m) and Transportation (₦3.70m) follow, reflecting essential service demand.
Industries like Marketing & Advertising (₦191k), Food & Beverages (₦320k), and Education (₦440k) earn significantly less on average.
The difference between top earners (Manufacturing, Healthcare) and bottom sectors highlights a stark inequality in industry.

The South West is the only region with MSMEs reporting revenues above ₦100 million, accounting for 100% of that bracket.
While high-revenue firms cluster in the South West, the South South leads in the ₦10M–₦99.9M range, with over 50.8% share.
The North Central (30.3%) has the highest share of MSMEs earning less than ₦100,000 monthly, followed by the North East (19.6%).
The ₦200K–₦999.9K range is more evenly spread across regions, but the South West and South South consistently record stronger representation.

Microfinance deposits in Kenya grew at only 1.66% CAGR between 2014 and 2024.
The peak occurred in 2021 at KSh 50.2B, after which deposits began a steady decline.
2015 (+13.2%) and 2020 (+12.3%) posted the strongest year-on-year growth rates.
The sector saw consecutive contractions from 2022 (-7.3%), 2023 (-5.7%), to 2024 (-2.0%).
Despite small rebounds in 2018 (+7.3%) and 2019 (+12.3%), the long-term trend is weak.

Microfinance banks in Kenya recorded their last profit in 2015 (KSh 0.6B) before sliding into losses.
The sector’s losses deepened from KSh -0.4B in 2016 to KSh -3.5B in 2024.
The steepest single-year decline occurred in 2020, when losses increased by 560.8% to KSh -2.2B.
Even in recovery years like 2019 (KSh -0.3B) and 2021 (KSh -0.7B), the sector remained in losses.
Over the 10 years, profitability fell at a -212.1% CAGR, reflecting a structural collapse.
Since 2016, there has been no single year of profit, highlighting sustained weakness.
The worsening losses mirror other sector struggles, such as stagnant deposits, weak asset growth, and rising NPLs.

Nearly half (48.9%) of Nigerian businesses identify inflation as their greatest economic challenge in 2025.
The foreign exchange rate (17.1%) is the second most pressing concern, reflecting ongoing naira volatility.
Insecurity (15.6%) and government policies (10.0%) remain significant worries for business operations.
Inadequate infrastructure (8.4%), while the least mentioned, continues to constrain growth.

Just 25.1% of MSMEs report receiving any form of government support, while 74.9% remain untouched by initiatives.
Among those who benefitted, 41.1% accessed grants, making it the most common form of support.
22.1% of MSMEs participated in government training programmes, showing recognition of capacity-building needs.
Only 16% received loans and 13.8% got tax breaks, underscoring limited financial and fiscal support penetration.
A mere 6.9% of businesses report accessing subsidies, reflecting minimal impact of such schemes.

The South West (₦8.3m) far surpasses all regions in monthly revenue, reflecting Lagos’ dominance as Nigeria’s commercial hub.
The South South (₦831k) and South East (₦605k) trail far behind but still outperform the northern regions.
The North East (₦562k) and North West (₦479k) show significantly lower average revenues.
The North Central (₦241k) records the weakest average, underlining stark regional disparities.

Previous 1 2 3 4 5 6 … 20 Next