Nigeria's Finance Sector Grows 14.54% in 2025

Nigeria's finance and insurance sector grew 14.54% in 2025, up sharply from 2.95% in 2024, according to the National Bureau of Statistics (NBS). The sector contributed 2.56% to real GDP in Q4 2025, up from 2.46% in Q4 2024. Financial institutions dominated with 90.43% of sector output, while insurance contributed 9.57%. Nominal growth reached 26.58% year-on-year, with financial institutions at 26.15% and insurance at 30.83%. This growth aligns with Nigeria's broader 4.07% Q4 2025 GDP expansion, highlighting the sector's rising importance in the non-oil economy. How does this growth affect your investments or business decisions?

SOURCE: https://nairametrics.com/2026/02/27/finance-and-insurance-sector-grows-by-14-54-in-2025-nbs/