Nigeria Digest: July 28, 2025 - Key Highlights

Nigeria's domestic airlines express alarm over a steady decline in passenger traffic, citing economic challenges and concerns that the reintroduction of VAT on ticket sales in 2026 could worsen the situation.

Financial analysts are optimistic that the Central Bank of Nigeria's decision to hold benchmark rates will maintain stability in the foreign exchange market and continue to reduce inflation.

Nigeria's GDP rebasing provides a more comprehensive economic picture, highlighting the need for investments in agriculture and infrastructure to ensure inclusive development.

Peter Obi has accused President Tinubu of misrepresenting Nigeria's economic reality through manipulated statistics, including GDP data.

Nigeria's tax system faces challenges from mispriced trade and aggressive avoidance schemes, undermining efforts to meet financial responsibilities despite the country's resources.