Politics - Page 2 - Intelpoint

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.

Oyo has reduced external debt by 36% and domestic debt by 22% under Makinde

Oyo reduced external and domestic debt by the end of 2025.
External debt fell faster than domestic debt.
External debt declined more consistently over the period.
Oyo’s local debt peaked around 2022–2023 before falling back.
The state appears to have prioritised reducing FX exposure.

Africa has been the world's biggest World Bank borrower since 2017, owing $152 billion as of 2024

Africa has been the world's biggest World Bank borrower since 2017, and the gap is widening.
Three crises drove it: an infrastructure gap, the 2014 commodity crash, and COVID-19.
The World Bank leaned in deliberately — 66% of all IDA funds went to Africa in 2025 alone.
It's not really "Africa's debt" — it's Nigeria's, Kenya's, Ethiopia's, Egypt's, Tanzania's, and Morocco's.
Every other region is slowing down, but Africa's curve is still climbing.

Obasanjo led Nigeria's biggest GDP per capita rise at 268% in 8 years

Nigeria’s GDP per capita rose strongly from 1999 to 2014, then reversed.
The 2014 peak remains the defining turning point.
Obasanjo’s years show the fastest sustained climb from a very low base.
Yar’Adua’s short tenure still maintained upward momentum.
Jonathan’s period delivered the peak level, not the fastest growth rate.
Buhari’s tenure marks the longest clear decline in GDP per capita.
Tinubu’s period begins with another sharp fall.

Under Sanwo-Olu, Lagos cut its external debt and more than doubled its domestic debt

Lagos cut external debt, but increased domestic debt.
The drop in external debt was meaningful, but the rise in domestic debt was much larger.
Stronger IGR gave Lagos more room to borrow and repay.
The state chose local funding over heavier dollar exposure.

Lagos's external debt has reduced by nearly three times more than the other six states combined

Lagos's debt reduction is larger than the other six combined.
Oyo posted the fastest reduction rate.
The biggest percentage cut did not equal the biggest dollar cut.
Debt reduction was concentrated, not broad-based.
Higher state revenues likely created room for repayments.
Lagos had the strongest fiscal capacity among the states shown.
Smaller debt stocks made percentage declines easier for some states.

Northern states have accounted for 12 of the 15 fastest-growing external debts in Nigeria since June 2023

All but four states increased their external debt between June 2023 and December 2025.
Northern states account for roughly 70% of the $1.34 billion added by states nationally.
Katsina recorded the highest growth in both absolute terms ($150 million) and rate (+296%).
12 of the 15 fastest-growing state debts are in the north.
Lagos, Nigeria's largest debtor at $1.17 billion outstanding, was one of only four states that reduced its debt.
Kaduna carries the second-heaviest debt load at $684 million, despite a relatively modest 20% growth rate.

Previous 1 2 3 4 … 51 Next