The Nigerian economy has increased to 3.7 percent in the first half of 2025, buoyed by improved oil production and overall business conditions, a new estimate holds.
“Insights from the monthly PMIs and crude oil production data from the Nigerian Upstream Petroleum Regulatory Commission
(NUPRC) suggests an economy that grew by an estimated 3.7% y/y in H1:25,” according to a monthly Purchasing Manager Index (PMI) report by Stanbic IBTC.
“This is supported by higher crude oil production and growth improvement across Manufacturing and Services.”
