Nigeria's July 29, 2025 Highlights

The Manufacturers Association of Nigeria (MAN) has called for lower interest rates to combat inflation and stimulate economic growth by reducing borrowing costs and encouraging investment.

Investors showed strong confidence in the Nigerian economy, as subscriptions for July's bond auction reached ₦261 billion across various bonds.

Peter Obi has accused the President of using misleading statistics to obscure Nigeria's economic challenges, while the administration maintains the accuracy of its data.

Dangote Cement reported a significant increase in Nigerian exports and a substantial net profit for the first half of 2024.

Nigerian authorities are intensifying efforts to combat illicit financial flows, aiming to recover lost revenue and enhance financial transparency.

Effective immediately, the Federal Inland Revenue Service (FIRS) has stopped issuing tax exemption certificates to all entities, including NGOs and free zone companies.

Nigerian farmers are protesting President Tinubu's policies that encourage imports of rice and maize, citing negative impacts on local production and livelihoods.