Nigeria entered 2025 with a fragile but improving macroeconomic outlook that set the stage for a surprisingly active year in corporate deal-making.
After years of elevated prices and policy realignment, headline inflation moderated to about 14.45% by November 2025, significantly lower than levels earlier in the year, while business confidence continued to climb, reflecting a gradual easing of price pressures and more stability in key markets.
Growth projections for the period were cautiously optimistic. Analysts reported real GDP expansion around 3.6% to 4.5% in 2025, driven by stronger non-oil activity even as structural constraints persisted, and international institutions like the IMF lifted growth forecasts on the back of reform momentum.