Nigeria News Digest: August 5, 2025
Nigeria sees key political developments, economic strides, and ongoing security concerns. Major stories include voter registration drives, cybercrime convictions, and tragic accidents.
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News > Nigeria News Digest: August 5, 2025
Business & Economy
The Federal Capital Territory has surpassed Lagos as Nigeria's top destination for foreign investment, receiving 44% of total capital importation in Q1 2025.
- leadership.ngNigeria's capital importation increased by 67% to $5.64 billion in Q1 2025, driven by portfolio investments, with Abuja and Lagos leading the states.
- nairametrics.comFirstHoldCo Plc achieved a robust half-year performance with a 18.1% growth in gross earnings, reaching ₦1.7 trillion, despite challenges in the financial sector.
- leadership.ngDue to rising borrowing costs, Nigerian manufacturers are exploring alternative financing options to sustain operations, urging both state and federal governments for supportive policies.
- thisdaylive.comFemi Falana criticized President Tinubu's economic policies, arguing that they have eroded Nigeria's middle class.
- saharareporters.comNigeria's oil production surpassed 1.8 million barrels per day in July, according to the NUPRC, a significant boost to the nation's revenue and economic stability.
- leadership.ng