Tag: Nigerian economy 2025

How the Nigerian economy 2025 performed — Powerful insights, key reforms and shifting recovery trends

Business Damilola Bayonle -
Nigerian economy in 2025 — reforms, recovery signals and remaining structural risks Nigeria closed 2025 as one of the few...

How trade powers Nigeria’s massive N40tn GDP growth in 2025 | Exclusive economic breakdown

Business Damilola Bayonle -
Nigeria’s trade sector is emerging as one of the country’s strongest economic engines in 2025, contributing a substantial N40.71tn...

Naira maintains flat rate amid oil production decline | Market & FX insights 2025

Business Damilola Bayonle -
Despite a notable decline in crude oil production, the Nigerian naira has demonstrated remarkable resilience, maintaining a largely flat...

Nigeria seeks $500m World Bank loan for MSMEs to boost inclusive finance

Business Damilola Bayonle -
In a renewed effort to strengthen its economic recovery and expand financial access for small enterprises, the Federal Government...

The cost of living crisis: How Nigerians are adapting to economic pressure under new reforms

Business Damilola Bayonle -
As Nigeria’s economic reforms deepen under President Bola Tinubu’s administration, the daily struggle of survival has taken on new...

Customs records impressive N3.7trn revenue with 25% growth

Business Damilola Bayonle -
Nigeria’s revenue base received a significant boost as the Nigeria Customs Service (NCS) announced it had generated ₦3.7 trillion...

Textile Comeback: FG Plots Revival of Kaduna Industry – Akume

Business Damilola Bayonle -
The Federal Government has revealed plans to revive the defunct Kaduna Textile industry in a renewed push for national...

Nigeria’s N372.8tn GDP Rebasing Masks Productivity Woes

Economy Damilola Bayonle -
Despite Nigeria's rebased Gross Domestic Product (GDP) jumping to N372.8tn ($243.7bn) in 2024, analysts and economists are raising alarms...

Investors Gain N13.2 Trillion in Six Months Amid Market Rally

Business Damilola Bayonle -
The Nigerian stock market witnessed a historic rally in the first half of 2025, recording an impressive gain of...

Tinubu, Lawmakers Face Backlash for Extending 2024 Budget Implementation

Business Damilola Bayonle -
President Bola Tinubu and the National Assembly are facing renewed criticism following the second extension of the 2024 budget’s...

Weak Judiciary Hampers Recovery of N1.5 Trillion in Bad Loans, Judges Informed

Business Damilola Bayonle -
The Nigerian banking industry has raised alarm over the sluggish judicial process frustrating the recovery of over ₦1.5 trillion...

Petrol Subsidy Removal Yields $84 Billion Gain, Funds 40 New Roads — Report

Business Damilola Bayonle -
The Federal Government of Nigeria has officially confirmed that the controversial removal of the petrol subsidy, initiated by President...