Nigeria economic outlook
External reserves set to skyrocket to $45B by year-end
Analysts are projecting a continued surge in Nigeria’s external reserves, forecasting that the country could reach about $45 billion by the end of 2025. The strengthening external reserves are expected to bolster the Central Bank of Nigeria’s (CBN) capacity to manage foreign exchange liquidity and enhance overall economic stability. The latest figures from the CBN […]
IMF Keeps Nigeria’s Growth Forecast at 3.4% After GDP Rebase
The International Monetary Fund (IMF) has maintained its projection of a 3.4 percent real GDP growth rate for Nigeria in 2025, despite the National Bureau of Statistics’ (NBS) rebasing of the country’s Gross Domestic Product (GDP) figures. This was disclosed in the IMF’s updated World Economic Outlook report titled “Global Economy: Tenuous Resilience amid Persistent […]
Nigeria’s Economy Expands by 3.13% in Q1 2025, Says NBS
Nigeria’s economy expanded by 3.13 per cent year-on-year in real terms in the first quarter (Q1) of 2025, according to the latest Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS). This marks a significant improvement over the 2.27 per cent growth recorded in Q1 2024, indicating sustained recovery despite persistent […]