The cost of bus fares for intracity journeys rose by 98% after the fuel subsidy removal, with a 39% increase in just 18 months
After the fuel subsidy was removed, the cost of bus fares for intracity journeys rose by 98% between May 2023 and June 2023. In just 18 months, fares increased by 39% significantly affecting commuters.
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.
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.