IMF upgrades Nigeria’s growth projection to 3.4% –

The International Monetary Fund (IMF) has upwardly reviewed Nigeria’s 2025 economic growth forecast to 3.4%, showing 0.4 percentage point increase from the 3.0% projection in its April 2025 World Economic Outlook (WEO). This revision outlined in the IMF’s latest July 2025 WEO Update titled, “Global Economy: Tenuous Resilience amid Persistent Uncertainty.” It signals renewed optimism about Nigeria’s near-term economic prospects despite global uncertainties and domestic macroeconomic challenges, the report noted……(Read More)

Dangote Cement Grows Nigeria’s Exports By 18.2%, Records N520.5bn Net Profit –

Dangote Cement Plc has reported a profit after tax of N520.5 billion for the half year ended June 30, 2025. The cement giant also achieved an 18.2 per cent growth in Nigerian exports, highlighting its significant contribution to the country’s economy. The Company’s H1 2025 unaudited results released on the Nigerian Exchange showed that Group revenue rose by  17.7 per cent to N2.072 trillion from N1.760 trillion in H1 2024. Group EBITDA up 41.8 per cent to N944.9 billion from N666.221 billion, while Nigeria EBITDA up 82.4 per cent year-on-year to N845.4 billion…….(Read More)

5 months after, Nigeria’s inflation 7.22% short of FG’s target –

Five months into 2025, Nigeria is yet to achieve the 15 per cent inflation target the federal government set for itself. Daily Trust reports that headline inflation is an aggregate of the movement of prices of goods and services in an economy between a certain period of time. This helps to gauge the purchasing power of citizens as well as direct policy decisions of the government in terms of salary, interest rates and other economic indices. In Nigeria, the inflation rate in 2024 was at a peak, hitting a 20 year high of 34.80 percent by December……(Read More)

Ecobank Group reports N609bn PBT, $1.1bbn in Net Revenue in 2025 H1 –

Ecobank Group yesterday announced unaudited financial results for the first half of 2025, reporting a 23% year-on-year increase in profit before tax to $398 million (N609.09bn). The Group achieved strong growth and improved efficiency despite economic challenges in key markets. The cost-to-income ratio improved to 49.1%, the best performance in more than a decade, as net revenue grew 12% year-on-year to $1.1 billion. Customer deposits surged by $3.4 billion during the year to $23.9 billion, with 83% held in low-cost current and savings accounts….(Read More)

Market Capitalisation Up N1.74trn to N87trn Historic High –

The Nigerian stock market yesterday recorded a significant gain of N1.74 trillion by market capitlisation  to cross the N87 trillion historic record, driven by a strong half year ended June 30, 2025 corporate earnings reports. As Dangote Cement Plc gained 3.05 per cent or N15.10 per share to close at N509.60 per share and MTN Nigeria Communication Plc appreciated  by 9.99 per cent or N41.00 per share to close at N451.60, the market capitalisation of all listed stocks on Nigerian Exchange Limited (NGX) added N1.74 trillion or 2.03 per cent to close at N87.191 trillion from N85.455 trillion it opened for trading..…(Read More)

US economic growth likely rebounded in Q2, but with weak underlying details –

U.S. economic growth likely rebounded in the second quarter as the flow of imports subsided, but with consumer spending anticipated to have increased moderately and business investment in equipment stalled that would grossly exaggerate the economy’s health. The Commerce Department’s advance gross domestic product report on Wednesday would be heavily distorted by trade as was the case in the January-March quarter when GDP contracted for the first time in three years. Economists said President Donald Trump’s protectionist trade policy……(Read More)