Nigeria's GDP Surges by 5.01% in Q2 2025, MPC Cuts Interest Rate
The National Bureau of Statistics (NBS) released promising economic data for Nigeria, showing a significant GDP growth of 5.01% in the second quarter of 2025, the fastest in four years. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) responded by cutting the benchmark interest rate, signaling the start of monetary easing.
The GDP expansion was driven by various sectors, contributing to a positive economic outlook. The MPC's decision to reduce the Monetary Policy Rate (MPR) by 50 basis points aims to stimulate further economic growth and investment in the country.
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