This Week in Nigeria
TWN News Roundup 30th Nov - 6th Dec 2025
TWN News • Weekly Edition
The Week's Top Stories: Nov 30 - Dec 6, 2025
Welcome back! I'm Omotola Oluwashindara. This week, the National Bureau of Statistics (NBS) released positive Q3 GDP data, boosting market confidence. The National Assembly concluded its debates by passing the highly anticipated N35 Trillion Budget Bill. We also celebrate the official opening of the Lagos-Ibadan Rail Line Extension and cheer on the Super Eagles as they secure their place in the next AFCON tournament.
Market & Sentiment Overview (Week Ending Dec 6)
NGX All-Share Index (ASI)
▲ 152,501.98
Weekly Change: +0.40% | Year-to-Date: +51.35%
Market capitalization: N98.50 trillion
Sentiment: Positive. Investor confidence was buoyed by strong Q3 GDP results and the near-completion of the 2026 budget process, driving gains primarily in the Banking and Industrial Goods sectors.
Economy & Politics
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NBS Announces Nigeria's Q3 GDP Grows by 3.8%
The National Bureau of Statistics (NBS) reported that Nigeria's Gross Domestic Product (GDP) grew by 3.8% year-on-year in the third quarter of 2025. This increase, largely driven by the non-oil sector (especially agriculture and telecommunications), exceeded expectations and points towards strong economic resilience despite global headwinds.
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National Assembly Passes N35 Trillion Budget Bill
Both chambers of the National Assembly passed the N35 Trillion appropriation bill for the 2026 fiscal year. The swift passage is attributed to executive-legislative collaboration, ensuring the budget is ready for presidential assent before the new year, guaranteeing a smooth return to the January-December budget cycle.
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Naira Strengthens Slightly Amid FX Inflows
The Naira showed modest gains, closing the week stronger at N1,475/$ in the official market. Increased foreign exchange liquidity, stemming from higher diaspora remittances and the Central Bank's targeted interventions in the non-oil export sectors, contributed to the positive movement.
Infrastructure & Society
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President Commissions New Niger Delta Bridge Linking States
The long-awaited 'Unity Bridge' project, linking critical sections of Delta and Edo states across the Niger Delta region, has been officially commissioned. The bridge, developed by the Federal Ministry of Works, is expected to cut travel time between the state capitals by over 40% and unlock new economic opportunities.
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Lagos State Government Accelerates Blue Line Phase 2 Construction
The Lagos Metropolitan Area Transport Authority (LAMATA) announced a major push to accelerate the second phase of the Blue Rail Line, extending the network from Mile 2 to Okokomaiko. The state governor stated that the project is now 70% complete, aiming for a Q4 2026 delivery to significantly reduce traffic congestion on the Badagry Expressway corridor.
Sports
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Super Eagles Secure AFCON 2027 Qualification in Style
Nigeria's Super Eagles clinched their spot at the 2027 Africa Cup of Nations (AFCON) tournament with a decisive 2-0 victory over their Group C rivals. The win ensures the team tops the group with one match left to play, giving the coach ample time to fine-tune strategies ahead of the finals.
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Wishing a magnificent Happy Birthday to the humble and brilliant gentleman, Dr. Taofeek Ademola! 🎂
We celebrate you today ahead of your special day tomorrow, December 7th, 2025.
All your friends from JGF (Just Good Friends) wish you a wonderful day of celebration and a year filled with joy, success, and prosperity.
Your kindness and brilliance are a source of inspiration to us all. May your new year be the best one yet!
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Enjoy your special day!
From All of Us at TWN News and JGF 💙✨
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