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Nigeria’s Economy in 2025: Growth, Reforms, and the Reality on Ground Every economy is driven by the core factors of production—land, labour, capital, and entrepreneurship—while productivity determines how effectively these elements translate into growth. To understand Nigeria’s economic and business performance in 2025, it is essential to examine trade dynamics, fiscal reforms, consumer behaviour, and public confidence in government policy. Nigeria recorded a 3.84% year-on-year GDP growth in Q4 2024 , the fastest pace in three years, driven largely by the services sector (5.37%) and increased festive-season demand. Overall growth for 2024 stood at 3.4%, up from 2.74% in 2023 , according to the National Bureau of Statistics (NBS). However, economists such as Marcel Okeke have raised concerns that growth was service-led rather than productivity-driven, highlighting structural weaknesses in the economy. Nigeria’s 2025 fiscal year officially commenced on January 1, 2025 , under a strict...

 Banks Issue Fresh Updates as CBN Circulates Naira Notes Photo Credit: TheCable.ng In response to the Central Bank of Nigeria’s (CBN) decision to reverse its naira redesign policy, deposit money banks have announced adjustments to cash withdrawal limits placed on individuals and corporate. Reverting to the old order, the weekly withdrawals limit has now been upgraded strongly while banks said there is no requirement to generate reference codes for cash deposits has also been discontinued. Today, the apex bank floods banks with naira notes to assuage the ongoing cash crunch in the economy. It also directed all commercial banks to open for operation on Saturdays and Sundays to reduce the lingering cash crunch in the economy. The CBN also confirmed on Friday that a substantial amount of money, in various denominations, had been received by the commercial banks for onward circulation to their respective customers. After the Supreme Court order that upturned the CBN plan to remove old c...