NigeriaEconomy Archives

July 26, 2025 0

Nigeria’s Economy Grew by 3.13% in Q1 2025 Following a GDP Rebasing

Nigeria’s economy grew by 3.13% in Q1 2025, driven by a 4.33% rise in the Services sector, with updated GDP figures reflecting a 372.8 trillion naira economy, though below the 4.9% forecast, per the National Bureau of Statistics.

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July 24, 2025 0

Nigeria’s Senate Approved a $21 Billion Foreign Loan to Fund the 2025-2026 Budget

by ARPS Media

Nigeria’s Senate approves President Tinubu’s $21 billion foreign borrowing plan for 2025 to fund infrastructure and address budget gaps, raising concerns about economic sustainability amid declining oil revenues and high inflation.

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July 17, 2025 0

Dangote Filed Documents to Construct Nigeria’s Largest Seaport

by ARPS Media

Aliko Dangote’s ambitious plan includes building Nigeria’s largest seaport in Olokola, Ogun State, to enhance exports, constructing LNG pipelines, and achieving $7 million daily fertilizer sales, targeting Africa’s fertilizer self-sufficiency in 40 months.

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