Nigeria's Finance Sector Records 16.13% Growth in Q2 2025

Nigeria's Finance and Insurance sector recorded a 16.13% real-term growth in Q2 2025, signaling a significant boost to the country's GDP. The National Bureau of Statistics reported that the sector's growth rate was higher than in Q2 2024, indicating a positive trend in economic activity.

Despite a temporary decline in real growth, the sector's contribution to Nigeria's GDP increased in Q2 2025 compared to the previous quarter. The Financial Institutions subsector remained dominant, while Insurance also showed growth, reflecting the strength of Nigeria's banking, fintech, and capital markets.

The sector's expansion highlights its growing role in the Nigerian economy, even as nominal growth slightly decreased.