Nigeria's GDP Growth to Remain Steady at 3.2% in 2025 - IMF The International Monetary Fund (IMF) has maintained its economic growth projections for Nigeria, forecasting a 3.2% expansion in 2025 and 3% growth in 2026. This was disclosed in the multilateral institution’s latest World Economic...

CBN Introduces New Account Options for Non-resident Nigerians The Central Bank of Nigeria (CBN) has launched two innovative account products designed to enhance financial access and investment opportunities for Non-Resident Nigerians (NRNs). Unveiled on Friday, January 10, 2025, the Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident...

Real Estate Now Third Largest Sector Surpassing Oil, Gas In a major shift in Nigeria’s economic landscape, real estate has now surpassed oil and gas to become the country’s third-largest sector, according to the latest data from the ongoing GDP and CPI rebasing process. This re-basing...

Experts Project 3.5% Growth for Nigeria Economy in 2025 The Nigerian economy has been projected to grow by 3.5% year-on-year (Y/Y) in 2025, an improvement from an estimated 3.2% year-on-year in 2024. This is according to the most recent NESG-Stanbic IBTC Business Confidence Monitor report, written...

Nigeria's Debt Profile to Exceed N13tn Target   The federal government's borrowings are expected to surpass the initial N13 trillion target to cover the budget deficit in 2025. Analysts at Afrinvest Research, in their 2025 Outlook Report, projected that net issuances of at least N13.7tn may be...

Manufacturing Sector's GDP Contribution Drops in Q3'24   Nigeria's manufacturing sector experienced a decline in its contribution to the country's GDP in Q3 2024, according to a report by the Manufacturers Association of Nigeria (MAN). MAN in its Quarterly Economic Report for 3rd Quarter of 2024, also...