Nigeria News Digest: August 30, 2025

The Nigerian stock market gained N26.01 trillion in eight months, driven by FX stability, corporate recovery, and domestic investor activity, with projections to surpass N100 trillion by 2025.

Nigeria and Singapore signed a new investment treaty to strengthen economic ties, supporting Nigeria's foreign policy goals to attract global capital under President Tinubu's administration.

Shell's Shell Nigeria and All On CEO Ronald Adams urged increased off-grid energy investments to address Nigeria's energy deficit, citing a potential $10–20 billion market opportunity.

Nigeria's tax code transitioned from the Pioneer Status Incentive (PSI) to the Economic Development Tax Incentive (EDTI), enhancing accountability in investment-linked tax breaks.

Nigeria introduced a 5% fuel tax to reduce hydrocarbon reliance, with new 2025 regulations requiring payment at sale points but leaving revenue allocation unspecified.

The naira strengthened against the dollar in August, appreciating to N1,531/$ amid increased diaspora remittances that boosted the country's foreign exchange reserves.

Holcim finalized a $1 billion sale of its Nigerian operations to Huaxin Cement, exiting Africa's top cement market despite pending legal challenges affecting foreign investment perceptions.

Nigeria launched its first live tracker for the creative economy, linking music, film, fashion, and content sectors to global markets and attracting cross-border investment.

The Central Bank of Nigeria and Brazil’s central bank opened high‑level talks and technical sessions on monetary policy, financial stability and regulatory cooperation, seeking to expand remittance flows and fintech collaboration between Africa’s largest economy and Latin America’s biggest market.