Tag: Nigeria economy 2025

Nigeria’s balance of payment crashes 38% to $4.23bn as oil earnings and foreign investments decline

Business Damilola Bayonle -
Nigeria’s external sector came under significant strain in 2025, as fresh data revealed that Nigeria’s Balance of Payment falls...

Nigeria’s inflation drops to 14.45%, beats budget target after 6 years

Business Damilola Bayonle -
At 14.45%, Nigeria’s Inflation Falls Below Budget Estimate for First Time in Six Years Nigeria has recorded a significant macroeconomic...

Naira Forecast: Analysts predict naira to end 2025 between ₦1,400-₦1,450 per dollar

Business Damilola Bayonle -
The outlook for Nigeria’s local currency has brightened as financial analysts project that the naira will close the year...

Nigeria Independence Day Economy: Challenges, Opportunities, and Path to Growth

Business Damilola Bayonle -
As Nigeria celebrates its 65th Independence Day, attention is once again drawn to the state of the nation’s business...

FG borrowing despite revenue surge: Adedeji defends Tinubu’s economic strategy

Business Damilola Bayonle -
The Federal Government has reaffirmed its commitment to borrowing as part of Nigeria’s economic strategy, even after posting a...

IMPI projects powerful 17% inflation drop before year-end

Business Damilola Bayonle -
The Independent Media and Policy Initiative (IMPI) has projected that Nigeria’s inflation rate will fall to 17 per cent...

FG hails $600m monthly diaspora remittances as powerful proof of reforms

Business Damilola Bayonle -
The Federal Government has declared the recent surge in diaspora remittances—hitting $600 million monthly—as clear evidence that its ongoing...

Fuel Shock: Nigerians spent a staggering record ₦1.3tn on petrol in June — NMDPRA

Business Damilola Bayonle -
Nigerians spent a staggering ₦1.3 trillion on Premium Motor Spirit (PMS), popularly called petrol, in June 2025 alone, as...

FG nets massive ₦393bn tax boost from Dangote, nine other firms

Business Damilola Bayonle -
The Federal Government has recorded a significant boost in revenue collection, as ten major companies listed on the Nigerian...

Obi Raises Alarm: Nigeria’s N187tn Debt Is a Ticking Time Bomb

Business Damilola Bayonle -
Labour Party’s 2023 presidential candidate, Peter Obi, has raised fresh concerns about Nigeria’s ballooning debt profile, describing the N187...

Nigeria Records 3.7% Economic Growth in First Half of 2025 – Report

Business Damilola Bayonle -
Nigeria’s economy has recorded a 3.7 percent year-on-year growth in the first half of 2025, buoyed by increased crude...