Nigeria’s total public debt could rise to N160.6 trillion by the end of 2025, raising new concerns about the country’s deepening fiscal vulnerabilities.
Nigeria’s current account surplus is projected to decline sharply in 2025, dropping to 2.7% of GDP from 9.2% in 2024, according to the H2 2025 Economic Outlook Report released by CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc.
The United States imported Nigerian crude oil worth $1.34 billion between January and May 2025, reinforcing Nigeria’s position as America’s top African crude supplier despite growing pressures on broader trade flows.
The Central Bank of Nigeria’s (CBN) survey has revealed that 65.8 percent of respondents want the monetary authority to cut interest rates. The finding comes just days before the Monetary Policy Committee (MPC) convenes for its July meeting to decide on the future direction of interest rates.
The Nigeria Customs Service (NCS), Port Harcourt 2 Area Command, Onne, has handed over 16 containers loaded with illicit pharmaceutical products, valued at over N20.5bn, to officers of the National Agency for Food and Drug Administration and Control (NAFDAC).
The Enugu State Electricity Regulatory Commission has issued a new tariff order to MainPower Electricity Distribution Limited, reviewing electricity cost for Band A customers from N209 per kilowatt-hour to N160/kWh, effective August 1, 2025.
