Nigeria - Intelpoint

No candidate scored above 300 until 2015, with just 40 high scorers that year out of over 1.46 million candidates.
2025 marked the highest ever with 17,025 candidates scoring above 300, nearly double the count in 2024 and more than triple 2023.
From 2022 to 2025, above-300 scorers consistently remained over 5,000 each year, showing a steady rise in top scores.
Despite the growth in numbers of JAMB candidates, high scorers still make up less than 1% annually.

Key Takeaways:

Aradel Holdings led with ₦247.79 billion in PAT, marking a 361% year-on-year growth.
Oando and Seplat Energy followed with ₦220.12 billion and ₦214.25 billion in PAT, respectively.
Eterna Plc recorded a significant turnaround with 114% year-on-year growth, recovering from a loss in 2023.
The sector experienced widespread profitability gains, reflecting stronger market dynamics and operational improvements.
Profit after tax growth across the sector ranged from 15% to 361%.
Nigeria's oil & gas sector delivered a combined profit totalled ₦730 billion in 2024.

Key Takeaways:

The sector’s total PAT rose by 28% from ₦31.68 billion in 2023 to ₦40.49 billion in 2024.
Chapel Hill Denham Nigeria Infrastructure Debt Fund remained the top earner with ₦19.59 billion, despite a modest 4% year-on-year decline.
Julius Berger and UPDC REIT also posted strong profits, contributing significantly to the overall performance.
UPDC Plc recorded the strongest profit growth, surging by nearly 278% from ₦221.5 million in 2023 to ₦836.9 million in 2024.
Ronchess Global Resources Plc significantly narrowed its losses by over 64%, though it remained in negative territory.

Key Takeaways:

Seplat Energy recorded the highest EPS in 2024 at ₦385.61, up from ₦92.75 in 2023.
Aradel Holdings posted the strongest growth, with a 361% increase in EPS from ₦12.37 to ₦57.03.
Eterna PLC reversed its negative EPS in 2023, reporting ₦1.03 in 2024.
All listed companies reported positive earnings in 2024, compared to 2023.
Three companies grew their EPS by more than 200%.

Key Takeaways:

SFS REIT reported the highest EPS in 2024 at ₦21.50, up from ₦14.50 in 2023.
UPDC Plc achieved the most significant growth, with EPS rising fivefold from ₦1.00 to ₦5.00.
Most companies posted improved EPS, reflecting stronger earnings and better shareholder returns.
Ronchess Global Resources reduced its loss per share by 68%, from -₦71.50 to -₦23.15.
Julius Berger and UPDC REIT recorded steady EPS growth of 23% year-on-year.

Key Takeaways:

Meyer Plc recorded the highest EPS in 2024 at ₦59, up from ₦47.
Beta Glass had the largest year-on-year EPS growth, more than doubling from ₦10.74 to ₦22.71.
Among cement producers, Dangote Cement led with EPS rising to ₦29.74 from ₦26.47.
Notore Chemical Industries reduced its losses by 33%, improving EPS from -₦70.87 to -₦47.45.
Most listed firms recorded higher EPS, indicating improved profitability and operational efficiency.
Lafarge Africa, CAP Plc, and Berger Paints reported steady EPS growth.
Notore Chemical remained the only company with a negative EPS.
Austin Laz & Co maintained a flat EPS of zero for both years.

In every year from 2013 to 2025, over 65% of JAMB candidates scored below 200.
The highest share of candidates scoring 200 and above was 34.3% in 2016.
The years 2015 and 2016 marked the most significant shifts in performance, with over 30% scoring 200+.
The year 2021 recorded the lowest share of high scorers (12.9%) after 2013 and 2014.

Migrants living in Nigeria sent out over $3.2 billion in personal remittances between 2000 and 2023.
The year 2015 recorded a sharp and unusual outflow of $1.04 billion, the highest by far in the entire 24-year span.
After 2015, remittance outflows sharply declined, stabilising below $100 million from 2018 onward.
Prior to 2015, outflows were consistently under $110 million annually, indicating a major anomaly in that spike year.

Nigeria received a total of approximately $430 billion in remittances between 2000 and 2023.
The highest amount recorded was in 2018, when remittances peaked at $24.31 billion.
In 2020, inflows dropped significantly to $17.21 billion due to the global COVID-19 crisis.
Between 2021 and 2023, remittances remained stable, averaging around $19.7 billion per year.

Institutional loans lead slightly, with 552,009 applications, showing a strong need for tuition and direct school-related expenses.
Upkeep loans are not far behind, at 519,964 applications, highlighting the importance of financial support beyond school fees.
Combined, over 1 million applications reveal a large and growing demand for structured educational funding in Nigeria.
The close margin suggests dual pressure: students aren’t just struggling to pay fees, but also to survive the cost of schooling.

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