Nigeria Digest: Key Developments on August 4, 2025

According to the Centre for the Promotion of Private Enterprise, Nigeria's GDP is projected to reach $450 billion by the end of 2025, fueled by economic recovery, barring unforeseen disruptions.

A minister within President Tinubu's administration asserts that the All Progressives Congress retains a strong hold on northern Nigeria's political landscape, making it difficult for opposition figures like Atiku and Obi to gain significant influence.

Bilateral relations between the UAE and Nigeria are strengthening, leading to increased trade, investment, and economic growth.

The NGX Group's strong performance in the first half of the year indicates positive economic transformation and a robust capital market in Nigeria.

Nigerian stock investors have experienced substantial gains, exceeding N25.7 trillion in seven months, attributed to macroeconomic stability and sector liberalization.

Gambia's Prime Minister has unveiled an Economic and Social Recovery Plan, aiming to accelerate reforms through a cabinet reshuffle.

Flutterwave's CEO emphasizes that seamless cross-border payments are essential for unlocking Africa's economic growth potential.

Banks are reducing their reliance on borrowing from the Central Bank of Nigeria, opting instead for higher-interest deposit options, resulting in a 12.84% decline in borrowing.

Experts forecast a 70% growth in Nigeria's Balance of Payment by 2025, with foreign reserves potentially reaching $43 billion.

Hajia Hadiza Mohammed warns that Nigeria's burgeoning debt profile, having increased over 1,141% in a decade, poses a serious risk to the nation's financial stability.