Nigeria News Digest: August 23, 2025

Nigeria’s inflation eased to 21% in July, but a 100,000‑Naira basket would rise to about 122,000, illustrating that a falling inflation rate does not guarantee lower prices; if it cools to 15%, costs could still climb.

The Nigerian Stock Exchange recorded a turnover of 107 bn Naira, with the index closing 92 % of its peak at N3 per share, reflecting a decline from N3.43 bn and a 4 % change in total equity volume.

Nigeria’s state oil company reported a 389 % plunge in July’s after‑tax profit to 185 bn Naira, even as oil output rose and a new OB3 pipeline segment began delivering 300 mmscf/d of gas.

Nigeria LNG Limited secured 20‑year gas supply agreements with six third‑party suppliers, reinforcing the firm’s feedgas supply to its Bonny Island plant and bolstering the government’s Decade of Gas strategy to leverage the country’s vast gas reserves.