3 in every 10 workers in Nigeria earn less than ₦100,001 monthly

The Nigerian Workplace Report indicates that over 50% of Nigeria’s working population earns less than ₦200,001 monthly. It further highlights that individuals earning above ₦600k are among the top 10% earners.

Source:

The Nigerian Workplace Report 2024

Period:

2023-2024
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From 76% to 64%, marriage rate among Nigerian women of reproductive age keeps falling
  • In 1970, about 76.7% of Nigerian women of reproductive age were married, compared to 66.4% in 2024.
  • The trend shows a consistent decline in marriage rates among women of reproductive age over the past five decades.
  • Marriage among reproductive-age women in Nigeria is projected to drop further to 64.5% by 2030.
  • Between 1985 and 2005, the marriage rate among women in this group declined more sharply than in previous decades.
  • The data indicates a gradual but steady societal shift away from early or widespread marriage.
  • Modern factors such as education, urbanisation, and career options likely contribute to this ongoing decline.
  • This decline in marriage rates may have ripple effects on fertility trends, family size, and national planning.
Liberia tops Africa in political diversity with highest ENPP of 6.44
  • Liberia leads with an ENPP of 6.44, showing the strongest balance of party influence in Africa.
  • Morocco (5.68) and Tanzania (5.64) follow closely, reflecting vibrant multiparty political systems.
  • East Africa is well represented, with both Tanzania and Kenya among the top five.
  • Malawi’s ENPP of 5.19 highlights its robust political competition despite its smaller size.
  • Countries such as Gambia, Benin, and Comoros maintain a healthy level of party competitiveness, underscoring diversity beyond larger nations.
FirstBank’s planned headquarters will have more floors than its FUGAZ peers
  • FirstBank's planned headquarters will have 43 floors, nearly double UBA‌'s HQ.
  • Among the five FUGAZ banks, three currently have headquarters with 15 floors or fewer.
  • FirstBank’s existing HQ has only 15 floors, showing how big the planned leap is.
  • UBA’s HQ in Marina leads the pack among existing HQs, with 23 floors, followed by Access Bank with 16 floors.
  • The new FirstBank property in Eko Atlantic will be the tallest bank HQ in Nigeria by a wide margin when completed.
Lebanon and Nigeria lead global millionaire decline, down 60% and 53% in 10 years amid capital flight
  • Lebanon and Nigeria top the global list, recording millionaire population declines of -60% and -53% respectively over the past decade.
  • Three African countries, Nigeria (-53%), Angola (-36%), and South Africa (-12%), appear in the top 10, signalling a regional pattern of wealth erosion.
  • Pakistan (-40%), Egypt (-26%), and Argentina (-22%) rank among the top 10, showing that sharp millionaire losses extend beyond Africa into Asia and Latin America.
  • The average millionaire decline across the top 10 countries is over 33%, highlighting a widespread erosion of wealth in politically and economically vulnerable regions.
Of the 138 million children (5-17 years) in child labour globally, nearly 70% are in Africa
  • In 2024, nearly 138 million children globally are still involved in child labour.
  • Africa accounts for 94.5 million (68.7%) of these children — the largest regional share.
  • Four in 5 child labourers under age 12 are based in Africa.
  • The global goal to end child labour by 2025 was not achieved.
  • Child labour has fallen by over 100 million since 2000, despite global child population growth.
Lagos’ population has grown by about 25% on average every 5 years since 1965
  • Lagos has grown from 325,200 in 1950 to a an estimated 17.2 million in 2025
  • The State’s fastest 5-year growth came between 1955–1960 at 62.7%.
  • Since 2000, growth has steadied around 18–20% every 5 years.
  • More than 10 million people added between 2000 and 2025 alone.
  • Growth continues to outstrip investments in housing, transport, and basic services.
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