Nigeria News Digest: August 6, 2025
Nigeria saw significant developments on August 6, 2025, with major political shifts, economic reforms, and security challenges. Key stories include Rivers State's LGA election disputes, the passing of Doyin Abiola, and notable fraud cases.
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News > Nigeria News Digest: August 6, 2025
Business & Economy
Nigeria's government reaffirmed its commitment to strengthening trade and investment ties with the US to foster economic growth and development.
- leadership.ngNigeria's FDI reached a three-year high in Q1 2025, signaling cautious investor confidence amid President Tinubu's reform agenda and improved macroeconomic stability.
- naija247news.comThe Nigerian Insurance Act 2025 spurred a 299% surge in insurance stock trading, introducing measures to enhance financial soundness and consumer protection.
- punchng.comThe UK topped Nigeria's capital sources with $3.7 billion, while Abuja and Lagos accounted for 81% of total portfolio inflows, reaching $5.99 billion.
- naija247news.comNigeria's broad money supply dropped to N117.7 trillion in June 2025, marking the third consecutive monthly decline, with net foreign assets at N40.4 trillion.
- nairametrics.comGovernor Sanwo-Olu renewed calls for Lagos to be granted special status, citing its economic significance and the need for increased revenue allocation.
- premiumtimesng.comAnalysts predict MTN Nigeria will resume dividend payments in 2025, driven by improved operations and strong earnings recovery.
- nairametrics.comForeign investments in Nigeria's telecom sector dropped by 58% in Q1 2025, despite overall capital importation improving.
- nairametrics.comKwara Governor AbdulRazaq inspected rural road projects, emphasizing the government's commitment to inclusive growth and improved market access.
- thenationonlineng.net