Nigeria Digest: Key Developments on August 1, 2025
Nigeria saw significant updates in politics, judiciary, economy, and health. Voter registration began, multiple fraud cases were prosecuted, and the healthcare sector addressed strikes and mental health concerns. Key economic reforms.
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News > Nigeria Digest: Key Developments on August 1, 2025
Business & Economy
The introduction of a 5% fuel surcharge in Nigeria is facing criticism from various sectors who argue that it will unfairly burden Nigerians and worsen the already high cost of living.
- punchng.comThe Nigerian stock market experienced a significant surge in market capitalization in July 2025, driven by positive macroeconomic indicators, strong corporate earnings, and potential interim dividend payouts.
- thisdaylive.comFCMB Group reported a ₦79.3 billion profit before tax for the first half of 2025, attributed to improved net interest income, asset yields, and growth in digital revenues.
- thenationonlineng.netEcobank Group saw its profit before tax grow by 40% to ₦620.23 billion in the first half of 2025, driven by impressive revenue growth, disciplined cost management, and operational efficiency.
- thisdaylive.comThe Federal Government aims to increase crude oil production by 810,000 barrels per day from deepwater fields through a new cluster development initiative, with major discoveries like Bonga and Agbami leading the effort.
- theeagleonline.com.ng