Nigeria - Page 3 - Intelpoint

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.

Student loan applications peaked sharply in August 2024 with 91K submissions, marking the highest monthly volume within the 13-month period.
After August’s spike, applications declined steeply, hitting a low of 18K in December 2024.
A resurgence began in January 2025, leading to a second wave of activity that reached 59K applications in April 2025, the second-highest month.
Monthly application volumes remained volatile, reflecting fluctuating demand and possible cycles tied to academic calendars or policy updates.

University students filed 497,000 loan applications, accounting for a staggering 90.1% of all institutional submissions.
College of education students submitted just 34,000 applications, making up only 6.2% of the total pool.
Polytechnics trailed with 21,000 applications, contributing 3.7% to the national tally.
Out of every 10 students applying for a loan, 9 are university students, underscoring their dominance in demand.

University of Maiduguri leads with 31,770 applications, indicating a significant demand for student loans in the North East.
North West institutions dominate the list, with five universities (Bayero University Kano, Federal University Dutsinma Katsina, Ahmadu Bello University, Usman Danfodiyo University, Sokoto, and Umaru Musa Yar'adua University) collectively accounting for a substantial portion of applications.
North Central is represented by University of Jos and University of Ilorin, highlighting the region's active participation in the student loan programme.
Federal University, Kashere's presence underscores the North East's engagement, with two institutions in the top 10.
All listed universities received over 11,000 applications, reflecting widespread awareness and utilization of the student loan initiative across these regions.

Male applicants dominate the Nigerian student loan landscape with 374,946 accounts, representing 68% of total applications.
Female applicants trail behind at 177,063, contributing just 32% to the total loan accounts.
For every 10 students who applied, approximately 7 are male and 3 are female.
The gender gap in student loan uptake is 197,883, with males nearly double the number of female applicants.

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